Cement News tagged under: Quarterly Results
Holcim's record results continue in 3Q2425 October 2024, Published under Cement NewsHolcim has reported record quarterly results, with 3Q24 recurring EBIT reaching CHF1.67bn (US$1.93bn), reflecting a 4.6 per cent increase YoY and a margin expansion to 23.5 per cent. Net sales for 3Q stood at CHF7.12bn, down three per cent YoY but up 0.5 per cent in local currency. Holcim's year-to-date net sales of CHF19.93bn mark a 1.2 per cent increase in local currency, while nine-month recurring EBIT rose 6.6 per cent YoY to CHF3.88bn, reaching a 19.5 per cent margin. ... |
Grupo Argos reports weak results for 2Q2415 August 2024, Published under Cement NewsGrupo Argos, the Colombia-based conglomerate which owns Cementos Argos , has reported a 40 per cent drop in its 2Q24 income, falling to COP189bn (US$47m) from COP315bn in the 2Q23. In a recent presentation, Argos attributed this drop in income to a 90 per cent fall in proceeds from concessions and a nearly 25 per cent decline in income from its cement business. The group’s revenues for the period April-June fell 17 per cent to COP3.7trn. The group’s EBITDA decreased by 13 per c... |
USA: Summit cement profits rise 45% on back of higher volumes and prices24 February 2017, Published under Cement NewsIn a trading statement for 2016, Summit Materials has announced that profits at its cement business rose by 45.1 per cent YoY, with volumes rising by 37 per cent and prices increasing by 7.5 per cent. Summit’s cement segment produced revenues of US$250m in 2016, with profits reaching US$127m in the same period. The business produced 2.14Mt of cement over the year, of which 0.6Mt was produced in the 4Q16. Summit’s profitability was improved by the rising price of cement. In 2015 its ave... |
Peru: Cementos Yura Q4 profit falls by 20%22 February 2017, Published under Cement NewsCementos Yura has announced that its profits for4Q16 were down by 20.1 per cent YoY to PEN40.2m (US$12.4m), reports Business News Americas. The firm saw sales revenues fall by 3.3 per cent, while administrative costs more than doubled as the firm paid a PEN25.7m penalty for cancelling a contract with a supplier. Cementos Yura was also negatively affected by foreign exchange fluctuations. While local sales were little changed YoY at 0.61Mt, exports fell by 14.8 per cent to below 0.1Mt. ... |
Oman Cement annual profit up 10% as production rises22 February 2017, Published under Cement NewsOman Cement has announced that its profits rose by 10 per cent in 2016, to OMR12.87m (US$33.4m). In an earnings statement to the Muscat Securities Market, Oman Cement said that sales revenues rose by 8.5 per cent, but better control of costs produced a greater rise in profitability. The company sold 2.3Mt of cement in 2016, a 10.7 per cent increase on the previous year, which given the slower pace of revenue growth implies lower prices. Profits were also affected by the longer than ... |
UAE: Arkan’s profits fall by 25% in 201617 February 2017, Published under Cement NewsArkan Building Materials has seen its annual profits fall by a quarter to AED75.7m (US$20.6m), according to reports in Construction Week Online. The company, which is the UAE’s single largest cement producer by installed capacity, blamed damage related to heavy rains in March 2016 as the cause of its fall in revenues. Better control of costs saw the firm’s gross profit margins increase to 36 per cent in 2016, while sales volumes improved in both the UAE and internationally. However, ex... |
India: Prism results point to mild demonetisation impact16 February 2017, Published under Cement NewsPrism Cement has released its trading statement for the three months to December 2016, revealing that cement sales volumes have only been slightly harmed by the impact of demonetisation. The firm sold 1.20Mt of cement between September and December, compared with 1.22Mt in the same period the previous year. Revenues for Prism’s cement were even less affected, declining by just 0.8 per cent as the firm successfully reduced costs, particularly for logistics and power. In a forward-lookin... |
Lucky Cement sees half-year profits rise 12.5% to US$67m27 January 2017, Published under Cement NewsLucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m). In a statement to the Pakistan Stock Exchange, Lucky revealed that it had sold 3.5Mt of cement and 235,000t of clinker during the first six months of FY17. Cement sales improved over the previous year by 5.4 per cent, while no clinker sales at all took place in the corresponding period in FY16. Cement production also rose to 3.5Mt, up six per cent on FY16, while clin... |
SCG predicts Thai cement consumption will recover in 201726 January 2017, Published under Cement NewsDespite a disappointing performance in 2016, Siam Cement Group believes that demand in the Thai market will recover in 2017, reaching some 40Mt, the Bangkok Post reports. In figures released for the fourth quarter of 2016, SCG revealed that domestic demand fell three per cent YoY. For 2016 as a whole, demand fell by two per cent. The company also saw a decline in exports, shipping 2.6Mt of cement and 1.1Mt of clinker in 2016. In the previous year, the corresponding figures were 3.6Mt a... |
India: Prism Cement sees losses shrink for 1HFY1723 December 2016, Published under Cement NewsPrism Cement has released its financial results for the first half of its trading year, which began on 1 April, revealing a loss of INR50.62m (US$0.75m) over the six-month period. This compares favourably with the same period in FY16, when the company booked a loss of INR522.8m. Prism’s cement business saw revenues rise by 0.7 per cent and was the most profitable of the company’s three divisions. Prisms profits from cement rose by 68 per cent YoY to INR1.1bn. However, sales of cement and ... |