By Thomas Kutty Abraham
Oct. 18 (Bloomberg) -- UltraTech Cement Ltd., India's second-biggest producer of the material, said second-quarter profit declined 12 percent.
Net income fell to 1.64 billion rupees ($33.5 million) in the three months ended Sept. 30 from 1.86 billion rupees a year earlier, the Mumbai-based company said in a statement to the Bombay Stock Exchange today.
Revenue rose 19 percent to 14.2 billion rupees.
To contact the reporter on this story: Thomas Kutty Abraham in Mumbai at tabraham4@bloomberg.net
Saturday, October 18, 2008
UltraTech Cement's Second-Quarter Profit Declines 12 Percent
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