Shree Cement Profit Slips as Fuel and Power Costs Rise
Shree Cement reported a 15% decline in consolidated net profit attributable to shareholders, while volume growth was strong. Higher fuel and power costs weighed on profit.
New Delhi, Oct. 23 -- Higher fuel and power costs came to haunt Shree Cement Ltd on Friday, as India's third-largest cement maker reported a decline in profit despite clocking strong volume growth.The Kolkata-based cement maker reported a 15% decline in consolidated net profit attributable to share…