Prism Cement, a leading cement manufacturer, has announced that its second quarter net profit has plummeted by 52 percent ato Rs 31.03 crore from the same quarter last fiscal.
In a filing to the Bombay Stock Exchange, the company said that it had registered a net profit of Rs 64.45 crore in the same quarter Financial Year 2008.
Net sales of the company slumps declined to Rs 214.79 crore in the quarter under review, versus Rs 228.11 crore in the same period a year ago.