Cement News tagged under: 1H18
Breedon's unaudited 1H18 results see revenues up 16%05 September 2018, Published under Cement NewsBreedon Group Plc's interim results (unaudited) for 1H18 saw revenues up 16 per cent to GBP378.4m (US$378.4m) from GBP326.3m in 1H17. Profit before tax reached GBP30.4m down three per cent on GBP31.2m in 1H17. Net debt stood at GBP383.6m compared with GBP146.8m in 1H17. The company reported that it sold 9.3Mt of aggregates and 1.2Mt of asphalt and 1.6Mm 2 of ready-mix concrete in the period under review. Underlying EBIT stood at GBP42m up 17 per cent on GBP35.8m in 1H17. During the 1H... |
Cementarnica Usje's net profit falls 13% in 1H1817 August 2018, Published under Cement NewsThe consolidated net profit of Macedonian building materials producer Cementarnica Usje, part of the Titan Cement group, fell by 13 per cent YoY to MKD432.5m (US$8m) in the first half of 2018, the company said on Thursday. Cementarnica Usje's operating revenue fell nine per cent YoY to MKD1.96bn in the first six months of the year, according to data from its interim financial statement. The company's domestic market sales revenue dropped four per cent to MKD1.28bn, while sales abroad decli... |
Suez Cement reports net profits of EGP250m in 1H1813 August 2018, Published under Cement NewsSuez Cement reported EGP250.59m (US$14m) in net profits for the six-month period ended June, against a loss of EGP40.61m in the year-ago period, according to a filing to the Egyptian Exchange (EGX). Sales amounted to EGP 3.96bn at the end of June, versus EGP 3.11bn in 1H17. Profits climbed to around EGP 156.62m in 1H18, up from EGP20.81m in the same period a year earlier. Suez Cement previously reported an EGP128.15m in profits for the three-month period ended March, versus EGP41.53m in th... |
FLSmidth witnesses slow growth in cement sector10 August 2018, Published under Cement NewsThis week FLSmidth released its 1H18 report in which it reported revenues of DKK8.965bn (US$1.37bn), edging up from DKK8.956bn in 1H17 and a roughly stable gross profit of DKK2.255bn (1H17: DKK2.298bn). Net profit from continuing activities saw losses narrow to DKK31m from DKK34m in 1H17. The gross order intake slipped from DKK10.141bn to DKK10.074bn in 1H17 although in the second quarter the company saw order intake up by 10 per cent, which include 13 per cent organic growth as the Minera... |
Buzzi Unicem's 1H18 net sales fall to EUR1337.4m03 August 2018, Published under Cement NewsBuzzi Unicem's net sales for the 1H18 were down 1.2 per cent to EUR1337.4m compared to EUR1353.8m in 2017, while EBITDA decreased by 5.7 per cent from EUR241.1m to EUR227.4m. The currency trend had a net unfavourable impact of EUR72.2m on net sales and EUR18.8m on EBITDA. The income statement for the six months closed with a net profit of EUR123m, compared to EUR117.6m in the same period of 2017. Consolidated EBITDA amounted to EUR227.4m, versus EUR241.1m in 2017 (-5.7 per cent). Cement ... |
Titan looks for a stronger 2H18 performance27 July 2018, Published under Cement NewsThis week, Titan Cement Group announced its 1H18 results , which were hit by the strengthening euro against foreign currencies. Turnover fell by 7.9 per cent YoY to EUR712.5m in the first six months of 2018 from EUR773.8m in 1H17 while EBITDA declined from EUR142.1m in 1H17 to EUR122.2m in 1H18. Despite this, the group recorded significantly higher net profits than in 1H17 at EUR24.8m (1H17:EUR13.9m). Looking ahead, the Greek multinational is counting on improved weather in the USA and f... |
Cementir's 1H18 cement and clinker sales fall to 4.9Mt27 July 2018, Published under Cement NewsCementir Holding's sales volumes of cement and clinker in 1H18, equal to 4.9Mt, were essentially unchanged compared to the 1H17, despite the change in the scope of consolidation. On a like-for-like basis, sales of cement and clinker dropped (-3.8 per cent) due to the worse performance of Egypt and Turkey, which suffered slowdowns in the second quarter because of June elections and Ramadan. EBITDA was EUR96m, up 9.5 per cent on EUR87.7m in the 1H17. Sales volumes of ready-mixed concrete, 2.... |
Titan's 1H18 net profit rises 78.3% but turnover declines 7%26 July 2018, Published under Cement NewsTitan Cement Group's 1H18 results showed a mixed performance with consolidated turnover reaching EUR712.5m, down EUR61.3m or 14 per cent on 1H17. Titan cited the strength of the euro against the dollar and other currencies as having a negative impact of EUR10m on group EBITDA. Still, net profits after tax amounted to EUR24.8m, up from EUR13.9m in 1H17. Turnover in 2Q18 was disappointing at reaching EUR390m compared to EUR412m in 2Q17. EBITDA in 2Q18 reached EUR78.7m, down 13.5 per cent on... |
Dangote Cement 1H18 revenues of NGN482.4bn23 July 2018, Published under Cement NewsDangote Cement Group reported 1H18 unaudited revenues of NGN482.4bn (US$1.33bn), up 16.9 per cent and group EBITDA up 20.8 per cent at NGN246bn. Joe Makoju, group CEO, commented on the company's 1H18 results: "Our first-half performance was very strong and driven by an excellent recovery in Nigeria, where our sales volumes increased by nearly 14 per cent and revenues rose by more than 18 per cent. Pan-African operations saw a slight fall in volumes but both revenues and EBITDA increased b... |
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