Cement News tagged under: Financial Report
Premier Cement returns to profit24 October 2024, Published under Cement NewsPremier Cement Mills Ltd (Bangladesh) has reported a net profit of BDT742.3m (US$6.2m) for the period ending 30 June 2024. This marks a significant turnaround from a BDT842.3m loss in the equivalent period of the previous year. A company official said that the combination of reduced foreign exchange losses and starting operations from a new factory unit has helped Premier Cement produce its cement at a low cost, increasing its capability of business amid intensive competition. Furth... |
Dalmia Bharat reports decline in profits21 October 2024, Published under Cement NewsDalmia Bharat Ltd has reported a 60.1 per cent decline in consolidated net profits to INR490m (US$5.8m) for the September quarter due to a decline in cement prices. The company had posted a net profit of INR1.23bn for the same period last year. In this period, the company has noted that operations are also down 2.09 per cent to INR3.08bn from INR3.15bn in the previous year. Sales volume was up by 14.1 per cent to 6.7Mt YoY. Dalmia Bharat’s CFO, Dharmender Tuteja, said, “We delivere... |
Ramco Cements posts 4QFY24 results24 May 2024, Published under Cement NewsIndia-based Ramco Cements Limited (TRCL) has announced its financial results for the 4QFY24, reporting a 20 per cent decline in its standalone net profit after tax to INR1210m (US$14.54m), compared with INR1520m in the same period a year prior. The reduction in profit has been attributed to cost pressures. The company’s net revenue increased to INR26.87bn in Q4FY24. For the year ending 31 March 2024, the company’s net profit rose by 14.8 per cent from INR3.44bn to INR3.95bn. Meanwhile, ... |
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