Cement News tagged under: Results
JK Cement sees continued revenue growth25 January 2024, Published under Cement NewsJK Cement has reported total income of INR28,199m (US$339.12m) in the three months ended 31 December 2023. This compares to INR25,984m in the previous quarter and INR23,581m in the same quarter a year earlier. Profit after tax in the December 2023 quarter came in at INR2894.6m, up from INR1789.2m in the previous quarter and INR576m in the same quarter in 2022. Meanwhile, earnings per share advanced from INR7.46 in the quarter ended 31 December 2022 to INR23.16 in the quarter ended 30 Se... |
South Valley Cement sees revenue fall in 9M2323 November 2023, Published under Cement NewsSouth Valley Cement Co has reported revenue of EGP592.5m (US$19.15m) in the first nine months of 2023, down from EGP614.09m in the same period a year earlier. Net losses after tax fell from EGP83.81m in the 9M22 to EGP63.10m in the 9M23, reports Zawya. The loss per share came in at EGP0.13 in the opening nine months of 2023, a YoY decrease from EGP0.17. Revenue in the third quarter of 2023 alone stood at EGP128.49m, down from EGP288.52m in the same period in 2022. Net profit after tax... |
Breedon posts 8% growth YoY in 10M2322 November 2023, Published under Cement NewsBreedon Group has reported eight per cent growth in revenue YoY in the first 10 months of 2023, driven by robust pricing and operational excellence, that more than offset the effect of moderating volumes. According to the company, changes to building regulations in the UK that came in in June, impacted ready-mixed concrete (RMC) volumes, while aggregate and asphalt volumes have continued to moderate. “However, pricing has been sustained and we have maintained tight control over our cos... |
CRH reports 8% sales growth in 9M2321 November 2023, Published under Cement NewsCRH has posted sales of US$26.3bn for the first nine months of 2023, up eight per cent on the same period a year earlier. EBITDA in the 9M23 has come in at US$4.8bn, marking a 14 per cent YoY advance, while the EBITDA margin has expanded by 100bps to 18.1 per cent. According to the company, the positive momentum seen in the first half of the year continued into the third quarter, underpinned by strong commercial progress and positive underlying demand across key end-use markets. Sales ... |
PPC reports 21% advance in revenue in 1HFY2421 November 2023, Published under Cement NewsPPC has posted revenue of ZAR6172m (US$335.2m) in the 1HFY24 (ended 30 September 2023), up 20.9 per cent YoY. EBITDA advanced from ZAR728m in the 1HFY23 to ZAR1069m in the same period a year later, while the EBITDA margin advanced three percentage points to 17.3 per cent. Capex over the six-month period came in at ZAR220m. Operating profit improved from ZAR273m to ZAR675m. In the 1HFY24, the South Africa and Botswana business contributed 57 per cent of group revenue (1HFY23: 68 per cent... |
Aramit Cement reports ongoing losses20 November 2023, Published under Cement NewsBangladesh-based Aramit Cement Plc has announced its financial results for the 1QFY23-24 (July -September 2023) and FY23 (July 2022 –June 2023). The company reported an extending net loss after tax of BDT136.07m (US$1.23m) between July and September 2023 against a loss of BDT89.59m during the same period last year. The noticeable loss in the 1QFY23-24 was due to the contract in sales growth to BDT25.28m from BDT50.17m during this accounting period, according to the company. The same ne... |
SMC posts 141% YoY rise in income15 November 2023, Published under Cement NewsPhilippines-based San Miguel Corp (SMC), which owns Eagle Cement Corp , Northern Cement Corp and Southern Concrete Industries , has recorded net income of PHP31.2bn (US$556.7m) in the first nine months of 2023, up 141 per cent from the PHP12.9bn seen in the same period a year earlier. Consolidated revenue over the same timeframe declined five per cent to PHP1.1trn, reports Manila Bulletin, while consolidated operating income expanded 29 per cent YoY to PHP110.2bn, aided by a stronge... |
Holcim Philippines posts 4% decline in net sales in 9M2314 November 2023, Published under Cement NewsHolcim Philippines has posted a 105 per cent YoY rise in net income to PHP999.4m (US$17.82m) in the first nine months of 2023, compared to PHP487.9m in the same period a year earlier. However, over the same timeframe net sales declined four per cent to PHP18.4bn from PHP19.1bn in the 9M22, reports Manila Bulletin. The fall is being attributed to poor cement demand as a result of subdued construction activity and unfavourable weather conditions. Operating EBITDA fell five per cent YoY from ... |
Zimbabwe drives PPC's positive outlook14 November 2023, Published under Cement NewsSouth Africa’s PPC has said it expects positive earnings for the six months ended 30 September, 2023. According to news service Pindula, the company has forecast a growth rate of 25.5-26.5 per cent in its headline earnings per share, compared to a headline loss of ZAR0.06 (US$0.003) during the same period last year. Its earnings per share are also predicted to advance by 21-25 per cent from a loss of ZAR0.30 per share in the same period a year earlier. The positive outlook has been attr... |
Sephaku Holdings' profit eroded by rising costs14 November 2023, Published under Cement NewsSephaku Holdings (Sephold) reported revenue of ZAR626.6m (US$33.44m) in the six months ended 30 September 2023, marking a 19.7 per cent YoY improvement. However, net profit after tax over the same period declined from ZAR26.7m to ZAR19.7, while headline earnings per share fell from 11.26 cents to 7.54 cents, reports IOL. According to the company, although activity in the construction industry improved, particularly in the civil construction and non-residential sectors, the rising cost... |