Cement News tagged under: Results
Tokyo Cement posts 34% rise in revenue16 November 2022, Published under Cement NewsSri Lanka-based Tokyo Cement saw turnover advance 34 per cent YoY to LKR30,317m (US$82.5m) in the six months ended 30 September 2022. However the group reported an exchange loss of LKR3674m over the same period, giving a total exchange loss of LKR8733m over the calendar year so far, putting significant pressure on the group’s cashflows. Throughout the six-month period the group deployed aggressive cost management policies and efficiency improvements that proactively reduced operational ... |
Deccan Cements sees profits fall 72%14 November 2022, Published under Cement NewsDeccan Cements Ltd has seen its total revenue decline from INR1927.3m (US$23.8m) in the quarter ended 30 September 2021 to INR1822m in the same period this year. Over the same timeframe, the company has seen its profits tumble from INR233.3m to INR65.6m, a drop of 71.9 per cent YoY. Profit in the quarter ended 30 June 2022, stood at INR206.7m. Basic earnings per share have declined from INR16.66 in the September 2021 quarter, to INR14.76 in the quarter ended 30 June 2022, to INR4.69 in the... |
Prism Johnson reports 274% drop in profit11 November 2022, Published under Cement NewsIndia’s Prism Johnson has reported consolidated net sales of INR16,663m (US$203.7m) in the September 2022 quarter, up 10.19 per cent from INR15,095m in the same period a year earlier. Over the same timeframe, the company posted a consolidated net loss of INR662m, down 274 per cent from the profit of INR380m in the same quarter in 2021. EBITDA came in at INR392m in the September 2022 quarter, marking a decline of 75.5 per cent YoY from INR1604m. The company has also announced that it pl... |
Loma Negra reports 4% revenue growth in 3Q2210 November 2022, Published under Cement NewsArgentina-based Loma Negra has posted a 4.2 per cent YoY rise in revenue to ARS33,942m (US$212m) in the 3Q22. This is mainly attributed to an increase in cement sales along with s strong performance by the company’s concrete and aggregates segments. Consolidated adjusted EBITDA over the same period fell 12.7 per cent YoY in adjusted pesos to ARS7508m but advanced 33.9 per cent YoY to US$68m in dollars. The consolidated adjusted EBITDA margin contracted from 26.4 per cent to 22.1 per cen... |
Orient Cement Ltd reports loss as costs escalate10 November 2022, Published under Cement NewsOrient Cement Ltd has posted revenue from operations of INR6152m (US$75.5m) in the quarter ended 30 September 2022. This is down from INR7139m in the previous year but up from the INR6161m posted in the same period a year earlier. Meanwhile, the company reported a net profit of INR568m in the quarter ended 30 September 2021, which fell to INR374m in the quarter ended 30 June 2022, and finally a loss of INR94.9m in the three months up to 30 September 2022. Basic earnings per share have c... |
Ramco Cements' profits hit by rising production costs10 November 2022, Published under Cement NewsRamco Cements Ltd has reported unaudited standalone revenue of INR17,932m (US$220m) in the quarter ended 30 September 2022. This compares with INR17,793m in the previous quarter and INR15,010m in the same quarter a year earlier. Net profit in the September 2022 quarter came in at INR114.7m, down from INR1122.7m in the previous year and significantly lower than the INR5170.8m reported in the September 2021 quarter. Power and fuel costs have advanced from INR2862.5m in the September 2021 ... |
Anjani Portland Cement sees revenue slip and profits tumble09 November 2022, Published under Cement NewsIndia's Anjani Portland Cement Ltd has reported standalone revenue from operations of INR1068m (US$13.05m) in the quarter ended 30 September 2022, compared to INR1047m in the same period a year earlier. The previous quarter, ended 30 June 2022, saw revenue of INR1106m. Net profit for the September 2022 quarter came in at a loss of INR106.6m, versus a gain of INR68.9m in the same quarter a year earlier. The quarter ended 30 June 2022 reported a loss of INR25.7m. Earnings per share fell f... |
Fuel and power costs hit profits at JK Lakshmi Cement07 November 2022, Published under Cement NewsIndia-based JK Lakshmi Cement Ltd has reported consolidated revenue from operations of INR13,735m (US$166.9m) in the quarter ended 30 September 2022. This compares to INR16,541m in the previous quarter and INR12,088m in the same quarter a year earlier. EBITDA in the September 2022 quarter came in at INR1835m, versus INR2637m in the previous quarter and INR2116m in the same quarter in 2021. Net profit after tax fell from INR872m in the quarter ended 30 September 2021 to INR617.9m in the ... |
Fecto Cement reports 37% revenue growth10 October 2022, Published under Cement NewsFecto Cement ’s net sales revenue in the 2022 financial year came in at PKR6775m (US$30.8m), compared to PKR4961m in the previous year, marking a YoY increase of 36.56 per cent. Over the same period, net local sales revenue advanced to PKR6602m, versus PKR4653m, representing YoY growth of 41.89 per cent, against an increase in gross sales revenue of 33.5 per cent and local sales volume growth of 1.44 per cent. According to the company, this growth was achieved through improved retention ... |
Plant disruption drives Lafarge Zimbabwe to a loss02 May 2022, Published under Cement NewsLafarge Cement Zimbabwe recorded a US$695m loss in 2021, compared to a US$5bn profit in the same period a year earlier. The fall is reportedly due to the negative impact of disruptions from the roof collapse at one of its cement mills and the adverse effect of the COVID-19 pandemic. This led to a 21 per cent decline in 2021’s volume uptake and a subsequent loss before tax of US$364m, versus a US$3.2bn profit in the previous year. The collapse of the mill plant halted operations between Oc... |