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Prism Cement cuts losses

Mar 14, 2000

Prism Cement has posted a loss off Rs 98.5 in 3QFY00. The company has managed to cut its losses. However, the company has suffered a deterioration in operating profit margins. The hike in costs due to increase in fuel prices coupled with a slow price recovery has adversely affected the company's bottomline.

(Rs m) 3QFY2000 3QFY1999 Change
Net Sales 892.1 746.8 19.5%
Other Income - - NM
Expenditure 766.8 631.7 21.4%
Interest 146.1 143.9 1.5%
Depreciation 77.7 76.6 1.4%
Profit before Tax (98.5) (105.4) -6.5%
Tax - - NM
Profit after Tax/(Loss) (98.5) (105.4) -6.5%
Net profit margin (%) -11.0% -14.1%  

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