Cement News tagged: Corporate
JK Cement 2Q net profit doubles to INR930m
JK Cement reported a jump in standalone profit to INR931.4m (US$14.22m) for the second quarter, ended 30 September 2017. In the equivalent period of FY17, the company’s profit reached INR409.1m, said the company in a regulatory filing. Total revenue rose to INR11.421bn in the July-September 2017 quarter, a 5.5 per cent advance when compared with the INR10.822bn reported during the year-ago ...
Mangalam Cement 2Q net profit falls 77%
India-based Mangalam Cement reported a standalone net profit of INR10.7m (US$163,424) for the quarter ended 30 September 2017, representing a 77 per cent decrease when compared with 2QFY16, when net profit reached INR47.2m. The company’s net revenue advanced by 25 per cent to INR2.373bn in the July-September quarter from INR1.895bn reported in 2QFY16. Operating expenses increased by 25.67 p...
Misr Cement Qena sees a fall in net profit
Misr Cement Qena has released its financial report for the first nine months of the financial year ended 30 September 2017. The company has seen a fall in consolidated net profit to EGP38.55m (US$2.18m) from EGP234.68m in the year-ago period, according to Arab Finance. The company also reported a standalone net profit of EGP37.52m, down from EGP234.68m of 9M16.
Buzzi Unicem reports good performance in Russia, Czech Republic and Italy
Buzzi Unicem's turnover for the first nine months was 6.7 per cent higher at EUR2133.4m, but no EBITDA or other profit numbers have been given this time. Net debt at the end of September was 2.8 per cent lower at EUR915.2m compared with a year earlier. Capital investment in the period was 10.7 per cent lower at EUR158m. Cement deliveries were 4.1 per cent ahead at 20.3Mt and ready-mixed concre...
FLSmidth reports higher EBITA margin despite lower revenue
Denmark-based FLSmidth reported a 14 per cent fall in revenues in 3Q17 to DKK4101m (US$ 642.4m) from DKK4774m in 3Q16. While gross profit decreased by nine per cent to DKK1065m and EBITA was off by two per cent to DKK336, the company saw its EBITA margin improve from 7.2 per cent in 3Q16 to 8.2 per cent in 3Q17 on the back of a higher gross margin and a significantly-lower cost base. Howeve...
India Cements net profit falls 62% in 2Q17
India Cements have reported a net profit of INR236.7m (US$3.5m) for the 2Q17 ended 30 September, reflecting a 62 per cent YoY drop, according to the New Indian Express. The company also saw a decrease in total revenue to INR12.7bn from INR13.1bn of the corresponding period in the previous financial year. EBITDA decreased to INR1.88bn for the same period. The volume of cement sold during 2Q1...
Cemex launches new distribution terminal in Denver
Cemex USA has launched operations at a new rail-served cement distribution terminal in Commerce City, Colorado. The new terminal will support the company’s distribution capabilities across Colorado, but particularly to the Denver Metro area. The terminal is served by an existing rail line out of the Lyons cement plant. With a silo capacity of 5000t, it supplies Type II Portland cement used ...
JK Lakshmi Cement's reports 18% rise in 2Q revenue
JK Lakshmi Cement reported a net profit of INR132m (US$2m) for the 2QFY17 period ended 30 September, a fall from INR249m of the year-ago period. However, the company also posted a revenue of INR7.7bn representing a YoY increase of 18 per cent, according to The Times of India. The second quarter of 2017 saw a minor rise in EBITDA to INR1.12bn from INR1.11bn in 2QFY16. In addition, the cost ...
Anjani Portland Cement sees 2QFY17 profit halve
Indian cement producer Anjani Portland Cement reported a 53.5 per cent YoY fall in profit to INR66.9m (US$1.03m) for the quarter ended 30 September 2017 (2QFY17). In the 2QFY16 profit reached INR143.9m. Revenues from operations during the quarter rose 0.8 per cent YoY from INR903.2m in the year-ago period to INR910.4m.
Saurashtra Cement sees profit rise
India-based cement maker Saurashtra Cement Ltd has reported a profit rise to INR100.7m (US$1.55m) in the July-September 2017 quarter from INR44m when compared with the year-ago period. Total revenues from operations slipped from INR1.22bn in 2QFY16 to INR1.16bn in 2Q17. Saurashtra Cement is part of the Mehta Group and produces cement under the Hathi brand name. It serves the markets in ...
Cementir Holding sees a 32% increase in revenue for 3Q17
Italy-based Cementir Holding reported a revenue of EUR332.4m (US$385.4m) in the third quarter of 2017, reflecting a YoY increase of 32.1 per cent YoY. EBITDA rose to EUR46.5m in 3Q17, up 44 per cent YoY from EUR67m in the 3Q16 while EBIT reached EUR42.5m, representing a 59.8 per cent rise YoY. The company posted a 3Q profit before taxes of 42.3m, a 61.8 per cent increase when compared with ...
Shree Cement sees narrowing margins despite drop in fuel cost
Shree Cement Ltd’s power and fuel cost per tonne has dropped, according to a report by Mint. However, the falling cost of fuel over the third quarter of 2017 has not had much of a positive impact on the company’s earnings. The company’s cement sales volume increased seven per cent YoY to 4.8Mt over 3Q17, whilst its stand-alone net profit decreased by 27 per cent in the same period. Operatin...
Taiheiyo Cement reports 35% 1H pretax profit rise
Taiheiyo Cement Corp has posted a 11.9 per cent rise in revenues to JPY421.94bn (US$3.72bn) in 1H17 from JPY376.93bn in 1H16. Operating profit during the six months ending 30 September 2017 increased 31.8 percent YoY to JPY27.43bn while pretax profits rose 34.9 per cent from JPY20.81bn in 1H16 to JPY28.07bn in 1H17. However, the Japan-based cement producer’s net profit fell 48.7 per cent fr...
SCDIC sees a net profit increase of 10.2% in 3Q17
SCIDC posted a net profit of AED12.38m (US$3.37m) in 3Q17, which is an increase of 10.2 per cent YoY according to Mubasher. The revenues for the company totalled AED145.71m for the third quarter of 2017, an increase of 15.6 per cent from the corresponding period in 2016. SCIDC saw a 0.9 per cent YoY increase in net profits for 9M17, rising to AED43.58m from AED40.41m.
Cemex launches Cemex Go
The CEO of Cemex, Fernando A Gonzalez, has announced the release of a new multi-device application designed to simplify the customer process. Cemex Go will be a push to revolutionise the construction industry. Cemex Go will allow the customer to place orders, track shipments, and manage invoices and payments for Cemex products. Through the use of real-time information, customers will also b...
HeidelbergCement announces 7% rise in EBITDA for 3Q17
HeidelbergCement has announced for the third quarter of 2017 a seven per cent YoY rise in EBITDA from its current operations to EUR1058m on a comparable basis (adjusted for currency and consolidation effects). After depreciation and amortisation, the result from current operations grew by seven to EUR787m (3Q16: EUR738m). On a comparable basis, the rise in result from current operations befo...