Cement News tagged under: Results
Grupo Argos 3Q profit surges 75%, driven by Cementos Argos recovery15 November 2024, Published under Cement NewsGrupo Argos, parent group of Colombian cement giant Cementos Argos , has announced a 75 per cent YoY increase in its net profit for the third quarter of 2024, reaching COP332bn (US$74.1m), compared to COP190bn in the same period of 2023. This marks a significant recovery from the previous quarter’s COP189bn net profit, underpinned by stronger cement demand. Total group revenues grew by eight per cent YoY to COP3.31trn (US$739.1m) in the 3Q24, with cement operations led by Cementos Argos ... |
Titan Cement International SA sees growth in sales and profit in 9M24 results08 November 2024, Published under Cement NewsTitan Cement International SA , the Greece-based building materials giant, has released its nine-month results for 2024, reporting a 4.9 per cent increase in group sales to EUR1984.5m (US$2.14bn), from EUR1892.2m in 2023, supported by higher volumes across all main products and improved pricing. Like-for-like group EBITDA grew by 14.6 per cent to EUR455m, with gains attributed to operational efficiencies, a better energy mix, and lower fuel costs. Net profit after taxes and minority interes... |
Dangote reports increase in group EBITDA of 27%28 October 2024, Published under Cement NewsDangote Cement Plc has reported strong financial results for the nine months ending 30 September 2024, with group revenue increasing by 69.1 per cent YoY to NGN2.56trn (US$1.56bn). Group EBITDA also rose by 37.1 per cent YoY to NGN908.7bn, maintaining a 35.5 per cent margin, despite inflationary pressures and currency depreciation. Profit after tax grew marginally by 0.6 per cent to NGN279.1bn, largely affected by FX losses, according to Arvind Pathak, CEO. In Nigeria volumes rebounded... |
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. ... |
Dewan Cement Ltd reported a net loss of US$1.72m for FY23-2402 October 2024, Published under Cement NewsDewan Cement Ltd (DCL), a major cement producer in Pakistan, has reported a net loss of PKR509.7m (US$1.72m) for the financial year ended 30 June 2024 (FY23-24), slightly improving from a loss of PKR586.3m in the previous fiscal year. The company’s net turnover increased by 10.5 per cent to PKR22.319bn, up from PKR20.199bn in the FY22-23 period. Despite the rise in turnover, the cost of sales also grew, reaching PKR21.925bn, resulting in a gross profit of PKR993.9m, more than double the... |
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, ... |
CEMEX sets record EBITDA in 1Q2426 April 2024, Published under Cement NewsCEMEX has reported net sales of US$4138m in the opening quarter of 2024, marking a three per cent increase YoY. EBITDA over the same period has advanced by five per cent to US$772m, while the EBITDA margin increased 0.5 percentage points to 18.7 per cent. According to the company, three out of its four regional markets, accounting for 90 per cent of consolidated EBITDA, saw a combined growth rate of 15 per cent over the three-month period under review. There was further growth from inv... |
Shree Cement predicted to see 2% sales advance17 April 2024, Published under Cement NewsIndia-based brokerage, Prabhudas Lilladher, has announced its estimated earnings for Shree Cement in the January-March 2024 period, with a forecast of INR5572m (US$66.58m) in net profit. This marks a two per cent advance YoY, but 24.1 per cent contraction QoQ. Net sales are predicted to advance by 1.9 per cent YoY to INR48,754m, marking a 0.5 per cent decline QoQ, reports Money Control. Meanwhile, EBITDA is forecast to come in at INR11,208m, up 25.6 per cent YoY but down 9.1 per cent... |
Sinai Cement sees sales surge in 202304 April 2024, Published under Cement NewsEgypt’s Sinai Cement has reported a surge in sales, with EGP4.28bn (US$90.68m) posted for 2023, compared to EGP2.34bn in the previous year. A consolidated net loss after tax of EGP121.42m was seen in 2023, down from EGP330.41m in 2022, while the loss per share of the holding company fell from EGP2.48 in 2022 to EGP0.91 in the following year. On a standalone basis, the net loss after tax contracted from EGP319.8m in 2022 to EGP117.58m in 2023. |
Fujairah Cement reports sales drop in 202327 March 2024, Published under Cement NewsUAE-based Fujairah Cement Industries has reported sales of AED343.81m (US$93.62m) in 2023. This marks a contraction from the AED374.58m seen in the previous year. The company has also recorded a net loss of AED265.53m in 2023, compared to the loss of AED143.85m in 2022, while the basic loss per share from continuing operations came in at AED0.74 in 2023, versus a loss of AED0.40/share in the previous year. |