Ambuja Cements reported 2007 net profit increase of 32% to 1,769 crore rupees on 18% rise in sales to 5,898 rupees. Ambuja, one of the three largest cement makers in India, is on an expansion drive to build larger clinkering and grinding facilities to tap into the rising demand driven by the fast rising housing market. Operating earnings margin fell on higher fuel, labor, and trasportation costs. |
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