Cement News tagged under: Results
Holcim reports 8% organic growth in 1Q2324 April 2023, Published under Cement NewsHolcim has reported organic sales growth of eight per cent to CHF5725m (US$6401m) in the first quarter of 2023. Over the same period, recurring EBIT came in at CHF493m, marking 12 per cent organic growth. “ This profitable growth was led by strong performances across our building materials businesses. Our teams continued our fast-paced execution, with 12 value-accretive acquisitions, including Duro-Last, completing our range of flat roofing systems. With strong underlying trends acros... |
Fauji Cement reports 30% leap in profit in 9MFY22-2320 April 2023, Published under Cement NewsPakistan’s Fauji Cement Company has reported a 30.4 per cent YoY increase in profit in the nine months ended 31 March 2023 (9MFY22-23). Profit over the period came in at PKR6.97bn (US$24.67m), up from PKR5.35bn in the same period a year earlier. The increase is being attributed to higher gross margins and net finance income, according to Mettis Link News. Net revenue over the nine months came in at PKR51.9bn, up 35.2 per cent YoY, with better margins on the back of price hikes helping t... |
Maple Leaf Cement Factory sales advance 42% YoY18 April 2023, Published under Cement NewsPakistan’s Maple Leaf Cement Factory Ltd has reported consolidated sales of PKR17,038m (US$59.9m) in the quarter ended 31 March 2023. This compares to PKR11,990m in the same period a year earlier, marking a YoY increase of 42 per cent. Over the same three months, profit after tax improved from PKR1563m to PKR1875m, while earnings per share (EPS) advanced from PKR1.42 to PKR1.75. Over the nine months ended 31 March 2023, the company saw net sales of PKR47,089m, up from PKR34,091m in the s... |
Steppe Cement sees volumes fall 24% in 1Q2314 April 2023, Published under Cement NewsKazakhstan-based Steppe Cement has reported sales of KZT4.94bn (US$10.96m) in the opening quarter of 2023, compared to KZT6.3bn in the same period a year earlier, representing a 21 per cent YoY decline. According to the Morning Star, in terms of cement volumes, over the same period sales fell from 281,968t to 214,832t, down 24 per cent YoY. The company’s market share has also slipped from 14 to 13 per cent. Cement demand in Kazakhstan is expected to come in at around 10-10.5Mt in 2023, ... |
China Resources Cement issues 1Q23 profit warning13 April 2023, Published under Cement NewsChina Resources Cement Holdings Ltd has issued a profit warning for the first quarter of 2023 ended 31 March. Over the three-month period, the company expects to report a loss attributable to owners of the company of between HKD35m-45m (US$4.46m-5.73m), compared to a profit of HKD729.5m in the same period a year earlier. The loss has been attributed to the lower selling prices of the group’s products compared to the 1Q22, along with the one-off gain of HKD239.1m from the disposal of a s... |
Titan reports on record 202211 April 2023, Published under Cement NewsTitan Cement Group has published its 2022 Integrated Annual Report, which outlines the group’s financial, as well as environmental, social and governance (ESG) performance. According to the company, 2022 was a year of record sales and strong profitability growth in all markets and significant progress towards the group’s ESG targets for 2025 and beyond. In terms of its financial performance, 2022 was the second consecutive year of record group sales at EUR2282.2m, up 33.1 per cent YoY... |
BBMG Corp posts 17% fall in revenue in 202230 March 2023, Published under Cement NewsChina’s BBMG Corp has posted a 16.8 per cent YoY decline in revenue in 2022 to CNY102,822.2m (US$14,938m). Net profit over the same period fell 66.6 per cent to CNY1739.9m, while basic earnings per share contracted from CNY0.27 to CNY0.11. Sales of cement in 2022 came in at 78Mt, while clinker sales reached 8.9Mt, giving a combined annual sales volume of 86.9Mt, marking a 12.8 per cent YoY decline. According to the National Bureau of Statistics of China, national cement output in 2022 was... |
Semen Indonesia sales volume declines 3% in 202228 March 2023, Published under Cement NewsSemen Indonesia Group (SIG) recorded lower sales volume inline with lower domestic demand in 2022. Domestic cement sales volume weakened by 3.4 per cent YoY to 63.03Mt led by a contraction in bag sales volume of 8.7 per cent YoY due to price increases, while the bulk market maintained growth of 14.5 per cent. SIG’s total sales contracted by 12.9 per cent YoY to 36.92Mt. Domestic cement sales declined 7.2 per cent YoY to 31.6Mt in 2022, while regional sales fell by 36.4 per cent YoY ... |
CNBM reports 17% drop in sales in 202227 March 2023, Published under Cement NewsChina National Building Material Company Ltd (CNBM) has reported sales of CNY230.167bn (US$33,441m) in 2022, down 16.5 per cent YoY from CNY275.618bn in the previous year. Net income over the same period fell from CNY17.094bn to CNY8.650bn, while basic earnings per share declined from CNY1.932 to CNY0.944. Net profit fell to CNY7.96bn in 2022 compared to CNY16.3bn in 2021, down 51 per cent YoY. According to the company, cement production contracted 10.5 per cent to a decade-low of 2.13bt ... |
Holcim Philippines sees sales dip in 202227 March 2023, Published under Cement NewsHolcim Philippines has reported net sales of PHP26,587m (US$489.7m) in 2022, down from PHP29,946m in the previous year. Operating EBITDA over the same period fell from PHP5412m to PHP4068m, while net profit declined from PHP2565m to PHP1643m. In the fourth quarter of 2022, net sales came in at PHP7475m, up from PHP6797m in the 4Q21. Operating EBITDA dipped slightly from PHP955.9m in the 4Q21 to PHP995.6m in the same period a year later, while net profit improved from PHP264.7m to PHP4... |