JK Cement reports 62.25 per cent decline in net profit
Cement

JK Cement reports 62.25 per cent decline in net profit

The lockdown has had adverse effects on the operations and business of JK Cement. The company reported a 62.25 per cent decline in consolidated net profit at Rs.499.4 mn for the first quarter that ended in June 2020. In a regulatory filing the company stated that it had a net profit of Rs.1,323...

The lockdown has had adverse effects on the operations and business of JK Cement. The company reported a 62.25 per cent decline in consolidated net profit at Rs.499.4 mn for the first quarter that ended in June 2020. In a regulatory filing the company stated that it had a net profit of Rs.1,323 mn in the April-June period a year ago. Its revenue from operations declined to Rs.10,048.4 mn during the quarter under review as against Rs.13,939.2 mn in the year-ago period. JK Cement's total expenses fell to Rs.9,324.3 mn in the June quarter as against Rs.12,147.8 mn in the year-ago period.Contact: Rajnish Kapur, Business Head-Grey Cement, JK Cement.Address: Padam Tower Plot No.19, DDA Community Center Phase-1, Okhla New Delhi-110 020.Tel: 011-4922 0000.E-mail: rajnishkapur@yahoo.comWebsite: www.jkcement.com

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