ACC LTD. - Announces Q4 and FY13 results, Results Press Release and Auditor's Report for the period ended December 31, 2013
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| 06 Feb 2014 | |
| ACC Ltd has announced the following results for the quarter and year ended December 31, 2013:<br/><br/>"The Audited results for the Quarter ended December 31, 2013<br/><br/>The Company has posted a net profit of Rs. 2781.30 million for the quarter ended December 31, 2013 where as the same was at Rs. 2392.20 million for the quarter ended December 31, 2012. Total Income is Rs. 28371.90 million for the quarter ended December 31, 2013 where as the same was at Rs. 32456.40 million for the quarter ended December 31, 2012.<br/><br/>The Audited results for the Year ended December 31, 2013<br/><br/>The Company has posted a net profit of Rs. 10957.60 million for the year ended December 31, 2013 where as the same was at Rs. 10611.90 million for the year ended December 31, 2012. Total Income is Rs. 113927.30 million for the year ended December 31, 2013 where as the same was at Rs. 116227.80 million for the year ended December 31, 2012.<br/><br/>- During the quarter ended December 31, 2012, ACC Concrete Limited and Encore Cement end Additives Private Limed, the wholly owned subsidiaries were amalgamated with the Company. Consequently, results of these companies from January 01, 2012 to December 31, 2012 were included in the quarter ended December 31, 2012 and hence result for the current quarter are not strictly comparable with the corresponding quarter."<br/><br/>The Consolidated Results are as follows:<br/><br/>The Audited Consolidated results for the Quarter ended December 31, 2013<br/><br/>The Group has posted a net profit after taxes, Minority Interest and Share of Profit / (loss) of Associates of Rs. 2757.10 million for the quarter ended December 31, 2013 as compared to Rs. 2512.40 million for the quarter ended December 31, 2012. Total Income has increased from Rs. 28340.60 million for the quarter ended December 31, 2012 to Rs. 28349.90 million for the quarter ended December 31, 2013.<br/><br/>The Audited Consolidated results for the Year ended December 31, 2013<br/><br/>The Group has posted a net profit after taxes, Minority Interest and Share of Profit / (loss) of Associates of Rs. 10946.70 million for the year ended December 31, 2013 as compared to Rs. 10592.80 million for the year ended December 31, 2012. Total Income has decreased from Rs. 116214.70 million for the year ended December 31, 2012 to Rs. 113885.50 million for the year ended December 31, 2013. | |
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