ACC Q2 net profit flat at Rs 3.29 bn as macro headwinds continue

Revenue from operations in June quarter of FY2019 at Rs 38.48 billion, 3% lower from Rs 39.58 billion reported in the same quarter a year back

Cement manufacturer ACC's reported a net profit of Rs 3.29 billion for the quarter ending June 30, flat from its corresponding quarter last year. The company gained from cost management initiatives, even as it was bogged down by continuing macro headwinds.

For the June 2018 ended quarter, ACC reported a corresponding net profit of Rs 3.29 billion, up one per cent from Rs 3.26 billion reported in the same quarter a year ago. The company’s revenue from operations for the June quarter was at Rs 38.48 billion, three percent lower from Rs 39.58 billion reported in the same quarter a