Decrease in cement sector Profitability
Tuesday, March 2, 2010 at 1:34 pm
During the first six months of the fiscal year, decrease in cement prices accounted for the decrease of profitability in the sector.
According to a report by JS Research, cement sale figures rose by 13 percent, however cement prices reduced by 20 percent during this period consequently significant drop of profitability was recorded.
The recent reductions in coal prices have reduced the overall cement sector spending. The sector margin stands at 23 percent after decrease of eight percent. The profitability is expected to pick up in near future due to increase in demand.
|
|
|
From World:
Got something to say?
You must be logged in to post a comment.
Todays news from Business News
- Bomber In Army Attire Kills 47 Yemenis
- NATO Accepts That Pakistan Is Significant For Afghanistan Peace
- Italy Earthquake Leaves Four Dead, 50 Hurt
- Zardari-Rasmussen Meeting Expected Today
- Facebook Fails To Set Stock Market Alight
Advertisement
Email Subscription
Advertisement
