Cement News tagged under: Results
JK Lakshmi Cement income hit by fuel expenses22 May 2023, Published under Cement NewsIndia’s JK Lakshmi Cement has reported standalone total income of INR17,466.6m (US$211m) in the quarter ended 31 March 2023, compared to INR15,152.8m in the same period a year earlier. Net profit after tax over the same time frame fell from INR1717.3m to INR973.2m as total expenses advanced from INR12,939.6m to INR16,093.9m, driven primarily by higher power and fuel costs which expanded from INR3053.5m in the quarter ended 31 March 2022 to INR4102.9m in the same period a year later. Earnin... |
Sanghi Cements results hit by finance costs22 May 2023, Published under Cement NewsSanghi Industries Ltd , which owns Sanghi Cement, has recorded total income of INR9478.1m (US$114.5m) in the year ended 31 March 2023. This compares to INR11,405.2m in the same period a year earlier. The company has reported a loss of -INR3257m in the year ended 31 March 2023, versus a profit of INR406.2m in the previous year. Total expenses over the same time frame have jumped from INR10,837.7m to INR12,735.1m, with finance costs advancing from INR819.6m to INR2381.7m. Meanwhile, earnin... |
Khayah Cement recovers with new VRM and dry mortar plant19 May 2023, Published under Cement NewsZimbabwe-based cement producer, Khayah Cement Ltd , has reported a 96 per cent YoY leap in sales volumes in the quarter ended 31 March 2023. According to the company, the strong results have been supported by the installation of a vertical cement mill (VRM) in the 3Q22. This follows the collapse of the plant, which brought production to a standstill between October 2021 and 2022. 2021 also saw the company invest in an automated dry mortar plant, resulting in dry mortar product sales adv... |
Shiva Cement's income tumbles as expansion plans continue18 May 2023, Published under Cement NewsShiva Cement Ltd , part of JSW Cement , has reported total income of INR34.74m (US$421,582) in the year ended 31 March 2023, compared to INR72.7m in the previous year. Finance costs advanced from INR87.93m in the year ended 31 March 2022 to INR128.53m a year later, while depreciation and amortisation expenses jumped from INR70.56m to INR589.86m over the same period, the latter of which is linked to the company’s current expansion plans. This resulted in a loss after tax of -INR804.7m in th... |
James Hardie Industries posts record results17 May 2023, Published under Cement NewsJames Hardie Industries has announced record global net sales of US$3777.1m for the fiscal year 2023, ending 31 March 2023, up four per cent YoY. Adjusted EBIT over the same period declined four per cent to US$779.8m with the adjusted EBIT margin falling two percentage points to 20.6 per cent. Operating cash flow generation of US$607.6m in fiscal year 2023 was driven by profitable organic sales growth, partially offset by an increase in working capital. Working capital advanced by US$101.... |
Saint-Gobain sales up 5% YoY in 1Q2316 May 2023, Published under Cement NewsSaint-Gobain has reported “solid” sales growth in the opening three months of 2023 with like-for-like sales up 4.7 per cent to EUR12,406m, compared to EUR12,007m in the same period a year earlier. According to the company, prices were up 10.2 per cent over the 1Q23, driven by price increases implemented in 2022 and certain additional measures taken locally at the start of 2023, which generated a positive price-cost spread overall. Volumes were down 5.5 per cent due to a moderate market slo... |
Udaipur Cements Works sees revenue rise YoY15 May 2023, Published under Cement NewsUdaipur Cement Works Ltd has reported revenue from operations of INR10,322.6m (US$125.6m) in the year ended 31 March 2023. This compares to INR8811m in the same period a year earlier. Net profit over the same timeframe has fallen from INR486.6m to INR358.6m with total expenses expanding from INR8126.9m to INR9817.8m, driven by higher power and fuel costs. Earnings per share in the year ended 31 March 2023 came in at INR1.15, down from INR1.56 in the previous year. In the quarter endin... |
Votorantim Cimentos revenue jumps 18% in 1Q2312 May 2023, Published under Cement NewsVotorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 per cent to BRL779m, with a positive impact on the EBITDA margin, which stood at 13 per cent in the 1Q23, marking an increase of four percentage points on the 1Q22. The company ended the 1Q23 with a net profit of BRL78m, reversing the BRL317m loss seen in the first quarter of 2022. Cement sales in the first three month... |
Andhra Cements reports income of INR1m in March 2023 quarter09 May 2023, Published under Cement NewsIndia’s Andhra Cements Ltd (part of Sagar Cements Ltd ) has reported total income of INR1m (US$12,192) in the quarter ended 31 March 2023, compared to INR1.8m in the same period a year earlier. Total expenses have come in at -INR843.6m giving a profit before exceptional items and tax of INR844.6m for the three-month period. Finance costs over the quarter stood at -INR1096.4m, versus INR446m in the quarter ended 31 March 2022. Net profit for the 2023 quarter is reported at INR11,220.1m, up ... |
Vulcan Materials' 1Q23 volumes hampered by poor weather05 May 2023, Published under Cement NewsVulcan Materials has reported revenue of US$1649m in the opening quarter of 2023, up from US$1541m in the same quarter a year earlier. Adjusted EBITDA over the same period has advanced from US$294m to US$338m, while gross profit has improved from US$269m to US$302m. Although shipments of aggregates over the 1Q23 fell to 51.7Mt, compared to 53Mt in the 1Q22, the freight-adjusted sales price per ton increased from US$15.52 in the 1Q22 to US$18.67 in the same period a year later, raising ... |