Home Economy ACC profit rises 24.16 percent

ACC profit rises 24.16 percent

By IANS,

Mumbai : Cement firm ACC said Thursday its net profit grew by 24.16 percent to Rs.417.93 crore in the quarter ended June 30 as compared to Rs.336.59 crore during the corresponding period of last year.

The company’s total income increased to Rs.2,893.54 crore in April-June 2012 period as compared to Rs.2,480.09 in the corresponding quarter last year.

ACC board of directors Thursday approved an interim dividend of Rs.11 per share. The dividend will be paid on and from Aug 14, 2012.

Share price of ACC declined by 1.23 percent at Rs.1,261 at the Bombay Stock Exchange.