Cement News tagged under: business results
Cementarnica Usje sees 9M net profit up 77%01 November 2023, Published under Cement NewsNorth Macedonia-based Cementarnica Usje , owned by Greek cement producer Titan, reported 77 per cent YoY increase in net profit to MKD1.1bn (US$19m) in the January-September 2023 period. The company’s operating expenses declined 17 per cent YoY to MKD3.4bn in the 9M23 as material costs fell 23 per cent YoY to MKD1.9bn. It total operating revenue slipped by two per cent YoY to MKD4.8bn in the 9M23. |
Flying Cement Co reports 55% rise in 9M net profit01 November 2023, Published under Cement NewsPakistan-based Flying Cement Co Ltd reported unaudited net sales of PKR1147m in the quarter ended 30 September 2023 (1QFY23-24), up 27.3 per cent when compared with the year-ago period when net sales reached 901m. The company’s gross profit increased by 77.4 per cent to PKR239.9m in the 1QFY23-24 from PKR135.2m in the 1QFY22-23. Operating profit advanced by 81.5 per cent to PKR212.4m from PKR117m over the same period. Net profit increased by 55.2 per cent to PKR88.8m in the 1QFY23-24 f... |
Holcim sees 4% organic growth in 3Q23 sales27 October 2023, Published under Cement NewsHolcim reported net sales of CHF7340m (US$8147m) in the third quarter of 2023, down 8.8 per cent in absolute figures but up 4.3 per cent organically when compared with the 3Q22 when net sales reached CHF8045m. Recurring EBIT increased by 3.1 per cent (14.1 per cent organically) to CHF1600m in the 3Q23 from CHF1551m in the 3Q22. Jan Jenisch, Holcim chairman and CEO, said: “Q3 confirms Holcim’s strong earnings profile, with broad-based growth drivers delivering another increase in profita... |
Cementos Pacasmayo reports 3% EBITDA gain in 3Q2327 October 2023, Published under Cement NewsPeru-based Cementos Pacasmayo has reported a revenue of PEN516.7m in the third quarter of 2023, a 6.7 per cent decline when compared with the 3Q22. Dispatch volumes of cement, concrete and prefabricated products fell by 11.5 per cent YoY. “A contraction in demand was observed due to the stagnation of the execution of public investment, a contraction in the self-construction segment and a slowdown in private investment,” said a report from financial broker Kallpa SAB. Consolidated EBITDA... |
Fauji Cement Co reports capacity utilisation of 64% in 1QFY23-2427 October 2023, Published under Cement NewsFauji Cement Co Ltd (FCCL) announced its financial results for 1QFY23-24, which ended on 30 September 2023, at the Pakistan Stock Exchange (PSX) on 25 October. The company said that the 1QFY23-24 saw a considerable increase of 14 per cent YoY in the industry’s domestic demand, a 48 per cent increase in exports to Afghanistan and an overall increase of 16 per cent. Thus, the company’s comprehensive dispatches increased by 25 per cent, with capacity utilisation of 64 per cent... |
Universal Cement reports 11% increase in 9M revenue13 October 2023, Published under Cement NewsTaiwan-based Universal Cement Corp report a 3.6 per cent advance in revenues to TWD618.592m (US$19.28m) in September 2023 from TWD597.159m in September 2022. In the January-September 2023 period the company increased its revenue by 11.1 per cent to TWD5627.754m from TWD5063.948m in the 9M22. |
A review of the financial performance of Pakistan's cement sector during FY22-2312 October 2023, Published under Cement NewsTopline Research of Pakistan has reviewed the financial performance of the top 13 listed cement companies (out of 15) on the Pakistan stock exchange (PSX). These 13 companies comprise 99 per cent of the total sector market capitalisation. Pakistan's cement sector saw profits down three per cent YoY in FY22-23 despite the pre-tax profitability up 11 per cent YoY in FY22-23. The research house reports that Pakistan’s listed cement sector has reported after-tax earnings (PAT) of PKR51bn (US$... |
PPC reports improved results in 5MFY23-2420 September 2023, Published under Cement NewsRevenue for PPC ’s South Africa and Botswana operations (excluding Zimbabwe and Rwanda) increased by five per cent YoY in the first five months of FY23-24 (April-August 2023), supported by higher average selling prices but lower sales volumes. Cement sales volumes in the two markets fell by six per cent YoY with inland volumes in August 2023 continuing their decline but at a lower rate. Coastal deliveries saw a downturn in volumes following higher-than-usual rainfall and weak retail demand.... |
Bamburi sees pretax profit quadruple29 August 2023, Published under Cement NewsKenya-based Bamburi Cement Ltd , owned by Holcim, reported a 1H23 turnover of KES22,260m (US$153.5m), up 11 per cent when compared with the 1H22. Profit before tax surged to KES621m in the 1H23 from KES124m in the 1H22. |
Unacem sees 9% advance in 2Q revenues21 August 2023, Published under Cement NewsPeruvian Unacem Group saw a nine per cent increase in its 2Q revenues to PEN1559m (US$419.8m) in the 2Q23. The advance was attributed mainly to the incorporation of thermo-electric company Termochilca last May. In the core cement and ready-mix concrete businesses, sales volumes in Peru and Chile fell with sales in Peru, down 13.2 per cent YoY. "The incorporation of Termochilca and higher sales prices in all units helped to offset the sharp drop in cement dispatches in Peru, which was af... |