Cement News tagged under: business results
Yamama Cement 1Q profit edges up 2%01 May 2024, Published under Cement NewsYamama Saudi Cement Co reported sales of SAR273.7m (US$73m) in the 1Q24 when compared with SAR279.9m in the year-ago period. The 2.2 per cent YoY drop was on the back of a decrease in sales volumes. However, the company’s net profit in the first three months of 2024 improved by 2.3 per cent to SAR115m from SAR112.4m. The positive change in net profit has been attributed to a decrease in the cost of sales and an increase in other revenues. |
Usje sees 58% jump in net profit in 1Q2401 May 2024, Published under Cement NewsCementarnica Usje AD of North Macedonia, part of the Titan group, reported a six per cent increase in domestic sales to MKD840.2m (US$14.6m) in the 1Q24 while export sales are up seven per cent YoY to MKD348.1m. The company also posted a three per cent YoY increase in operating revenue to MKD1.2bn in the first three months of 2024. Operating costs were down 10 per cent to MKD812.7m. As a result, net profit surged 58 per cent YoY to MKD299.9m. |
UltraTech Cement sales up 9% YoY30 April 2024, Published under Cement NewsIndia’s UltraTech Cement , part of the Aditya Birla Group, has reported a strong performance in the 4QFY24, ended 31 March 2024. Consolidated net sales for the three-month period came in at INR200,690m (US$2.4bn), marking a nine per cent advance YoY, while profit after tax advanced 36 per cent YoY to INR22,580m. For the full year 2024, the company reported a 12 per cent improvement in consolidated net sales to INR698,100m. Profit after tax came in at INR70,050m, up 38 per cent YoY, whil... |
Dangote reports 101% revenue surge in 1Q2430 April 2024, Published under Cement NewsDangote Cement has reported group revenue of NGN817.4bn (US$659m) in the first quarter of 2024, ended 31 March, marking a 101 per cent surge YoY. EBITDA advanced by 66.6 per cent over the same period to NGN309.5bn, giving a 37.9 per cent margin, while group volumes advanced 12.3 per cent to 7Mt. Profit after tax stood at NGN112.7bn, up 2.9 per cent YoY. In Nigeria, Dangote saw a strong rebound in volumes, up 26.1 per cent YoY to 4.6Mt. This resulted in EBITDA growth of 41.8 per cent to... |
CBB posts 132% surge in 1Q income30 April 2024, Published under Cement NewsChile-based CBB reported sales of CLP97,781.67m (US$102.83m) in the 1Q24, up 11.1 per cent from CLP87,989.15m in the equivalent period of the previous year. In the 1Q24 EBITDA reached CLP22,803, up 44.8 per cent YoY as dispatches in all business lines increased and margins improved. Cement dispatches increased 22.6 per cent YoY to 315,000t in the 1Q24 from 257,000t in the while concrete deliveries edged up by 6.4 per cent YoY to 281,000m 3 from 264,000m 3 . Net income advanced by 131.... |
Cementos Molins closes 1Q24 with 38% net profit hike30 April 2024, Published under Cement NewsCementos Molins SA saw revenues slip to EUR336m in the 1Q24 due to the decline in activity in Argentina only being partly offset by increases in most businesses and regions. EBITDA picked up by five per cent YoY to EUR90m thanks to the contribution of the company’s businesses in Europe, Mexico and North Africa. Selling prices delivered a net contribution when compared with costs and the positive impact of efficiency plans also contributed to the upward trend in EBITDA. On the downside, l... |
Sanghi Industries sees revenue decline YoY30 April 2024, Published under Cement NewsSanghi Industries has posted revenue of INR2883.3m (US$34.5m) in the quarter ended 31 March 2024. This compares to INR2270.1m in the same period a year earlier. Net loss over the same period came in at INR190.2m, versus INR1045.6m in the year-ago period. According to the company, the basic loss per share from continuing operations stood at INR0.74 over the three-month period, down from INR4.14 in the same quarter in 2023. For the full year ended 31 March 2024 (FY24), Sanghi reported re... |
Lucky Cement profit jumps 67% in 9MFY23-2430 April 2024, Published under Cement NewsLucky Cement Ltd announced its financial results for the 9MFY23-24 on the Pakistan Stock Exchange website on 29 April. It posted unconsolidated earnings of PKR18.649bn (US$67m), a significant advance of 67 per cent YoY. Earnings per share (EPS) stood at PKR63.65. According to results from AHL Research, the top line in the 9MFY23-24 was PKR87.404bn, in contrast to PKR70.348bn in the equivalent period of the previous year, up 24 per cent YoY. The revenue growth comes from high... |
Shiva Cement reports loss in FY2429 April 2024, Published under Cement NewsIndia-based Shiva Cement Ltd has reported revenue from operations of INR1444.5m (US$17.3m) in the quarter ended 31 March 2024. This compares to INR978.5m in the previous quarter. The company saw a total loss for the three-month period of INR119.2m, down from the INR323.8m loss recorded in the previous quarter. Total expenses over the same period advanced from INR1423.1m to INR1605.4m. For the full-year 2024, ended 31 March 2024, revenue from operations stood at INR3467.2m. A total loss... |
Saint-Gobain sales slip 6% in 1Q2429 April 2024, Published under Cement NewsSaint-Gobain has reported total group sales of EUR11,356m in the first quarter of 2024, down 5.8 per cent from EUR12,406m in the same period a year earlier. According to the company, the decline was due to a contraction in new construction in Europe, but supported by growth in the Americas and Asia-Pacific. Volumes also fell, down 4.7 per cent YoY, while prices slipped 1.1 per cent. In northern Europe sales declined 11 per cent YoY in the 1Q24, coming in at EUR2779m. Volumes saw a 9.3 ... |