India’s leading cement maker, ACC has reported Q2, 2014 net profit of US$40.1m, some 7% lower than the US$43.1m reported in the Q2, 2013. The fall in profit was attributed to higher total expenses. Total expenses increased by 10% during the quarter compared to year-ago period due to higher raw material and employee costs and increased power, fuel and freight charges. Other expenses grew by 8% year-on-year. Manufacturing and distribution costs continued to rise, though the company derived some benefits from the ongoing cost leadership program and an increase in the sales of premium products. Continue reading ACC cement company reports lower Net Profit Q2 2014 →