Cement News tagged under: Weekly Newsletter
JK Cement reports 212% increase in net profit05 August 2019, Published under Cement NewsIndia’s JK Cement has reported a 211.8 per cent YoY increase in standalone net profit for the quarter ending 30 June, rising to INR1.53bn (US$21.86m) from INR493.2m. Net revenue of the company rose 19 per cent to INR132.7bn from INR111.5bn. During the April-June quarter, operating expenses advanced 6.1 per cent to INR102.4bn from INR9.65bn. However, operating profit surged 102 per cent to INR30.3bn, compared with INR1.5bn in the year-ago period. |
Kinshasa cement prices sees 11% hike05 August 2019, Published under Cement NewsThe price of a bag of grey cement in Kinshasa, Democratic Republic of Congo, has increased to CDF15,000 (US$9.08) from CDF13,500, according the national press agency ACP. The price rise, which applies to domestically-produced and imported cement, is the result of an increase in demand as Kinshasa province is currently subject to a housing boom and the implementation of President Félix Antoine Tshisekedi Tshilombo emergency programme, which include the rehabilitation of the capital road net... |
Titan Group's 1H19 results bolstered by USA02 August 2019, Published under Cement NewsTitan Group recorded a turnover of EUR785.4m in 1H19, up 10.2 per cent on 1H18. This was attributed to a strong performance in the US market and growth in cement demand in southern Europe, along with a return to modest sales in Greece. EDITDA remained flat at EUR122.2m following challenging conditions in Egypt and Turkey, while group net profit after minority interests and taxes amounted to EUR13.3m versus EUR24.8m in 1H18. Consolidated turnover in 2Q19 for the group reached EUR422.7m, up ... |
Cement shipments in USA slip to 9.3Mt01 August 2019, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico fell to 9.3Mt in May 2019, according to the US Geological Survey (USGS). The leading consuming states were Texas, California, Florida, Ohio and Georgia , which combined account for 39 per cent of shipments in May. Leading producing states were Texas, California, Missouri, Florida and Alabama. Masonry cement deliveries remained stable at 0.222Mt in May when compared with the year-ago period. Some 55 per cent of ship... |
LafargeHolcim doubles net income and reports 4% net sales growth31 July 2019, Published under Cement NewsLafargeHolcim posted a like-for-like (LfL) net sales growth of 3.5 per cent YoY in the first half of 2019. Sales increased from CHF13.272bn (US$13.4bn) in the 1H18 to CHF13.059bn with gains in all regions but particularly thanks to favourable market conditions in Europe and north America. Recurring EBITDA (pre-IFRS16) increased 10.8 per cent to CHF2.662bn from CHF2.484bn in the previous year’s first six months. Net income attributable to share holders of LafargeHolcim Ltd more than doubled... |
Dangote Cement's group revenues slip 3% in 1H1931 July 2019, Published under Cement NewsDangote Cement Plc announced its unaudited results for 1H19 with group revenue reaching NGN467.7bn (US$1.291bn), down three per cent, and group EBITDA at NGN217.9bn, down 11.4 per cent. Nigerian EBITDA for Dangote Cement fell 11.6 per cent to NGN200.6bn and pan-African EBITDA slipped to NGN23.9bn, down 7.5 per cent. Net debt stood at NGN318.6bn. Group cement sales totalled 12.28Mt in 1H19, while domestic cement sales volumes reached 7.59Mt in 1H19. Nigerian revenues stood at NGN328.3m in... |
Cementir Holding announces 1H19 revenues of EUR591.9m30 July 2019, Published under Cement NewsCementir Holding has released its results for 1H19. Revenues rose to EUR591.9m up from EUR588.5m in 1H18, while EBITDA stood at EUR110.1m, up 14 per cent compared to EUR96m in 1H18. Group net profit reached EUR27.3m compared to EUR96m in 1H18, while net financial debt fell to EUR399.1m from EUR416m at 31 March 2019. Regional cement and clinker results 1H19 Grey and white cement sales reached 4.321Mt in 1H19, down -12.2 per cent from 4.921Mt in 1H18. Cementir stated that the negative perf... |
Ciments du Maroc to acquire Atlantic Cement and Cimsud29 July 2019, Published under Cement NewsCiments du Maroc has announced it has signed an agreement with Anouar Invest for the acquisition of two cement companies, Atlantic Ciment and Cimsud. Atlantic Cement is currently building an integrated cement plant in Settat province. Cimsud has a 0.5Mta grinding unit at Laâyoune. The acquisition is expected to be completed in the second half of this year and is subject to meeting several conditions. |
Cemex Latin America sees sales fall to US$249m in 2Q1926 July 2019, Published under Cement NewsCemex Latin America Holdings SA announced consolidated net sales of US$249m in 2Q19, a YoY fall of 11 per cent in US dollar terms or by four per cent in local currency terms. Operating EBITDA reached US$46m in 2Q19, a decline of 28 per cent in US dollar terms or 23 per cent in local currency terms YoY. Domestic grey cement volumes rose by one per cent in 2Q19, while consolidated ready-mix and aggregates' volumes declined by five per cent and six per cent, respectively when compared to 2Q18.... |
GCC announces overall increase in sales for 1H1926 July 2019, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has announced a 1.3 per cent YoY increase in sales to US$403.9m for the first six months of 2019, against US$398.8m in the year-ago period. EBITDA declined five per cent to US$109.2m, while the EBITDA margin slipped 1.8 per cent to finish at 27 per cent. The 2Q19 saw a 3.5 per cent YoY rise in sales to US$240.5m from US$232.3m. EBITDA advanced 2.2 per cent to US$70.9m in the same period. However, the company’s EBITDA margin contracted 0.4 per cent... |