Cement News tagged under: business results
JK Cement posts 65% YoY jump in PAT01 July 2024, Published under Cement NewsJK Cement has reported revenue from operations of INR109,180m (US$1308m) in FY2023-24 (ended 31 March 2024), up 17 per cent YoY. Net sales over the same period came in at INR105,630m, marking a 16 per cent YoY expansion, while profit after tax jumped 65 per cent YoY to reach INR8310m. Over the 12-month period the company produced 18.53Mt of grey and white cement (including wall putty), up 17 per cent YoY, giving a utilisation rate (excluding Toshali and Fujairah) of 81 per cent. In ter... |
PPC FY23-24 results bolstered by strong Zimbabwe performance25 June 2024, Published under Cement NewsPPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According to the company, this was primarily driven by the strong performance in its Zimbabwean operations. EBITDA over the same time frame improved 38.6 per cent from ZAR896m to ZAR1242n, with the EBITDA margin up 1.6 percentage points to 12.3 per cent in FY23-24. In the South Africa and Botswana business, cement revenue... |
PPC Africa predicts 20% YoY increase in earnings17 June 2024, Published under Cement NewsPPC Africa has predicted a 20 per cent increase in earnings for the fiscal year ended 31 March 2024, driven by a strong performance by its Zimbabwe operations. According to The Zimbabwe Mail, the previous year saw PPC Zimbabwe hit by a prolonged kiln shutdown, which had a negative impact on profit. Compared to that prior year, the latest fiscal is expected to see the headline earnings per share jump by 20 per cent. In the 10 months to January 2024, PPC Zimbabwe reported volumes up by ... |
Cementos Pacasmayo reports 14% advance in 1Q net profit07 June 2024, Published under Cement NewsPeru-based Cementos Pacasmayo SA reported a 7.2 per cent decline in cement, concrete and prefabricated product sales in the first quarter of 2024 to 685,700t from 738,600t in the 1Q23. Net sales slipped by 0.7 per cent to PEN476.5m in the 1Q24 from PEN480m in the year-ago period. However, the company was able to report a 9.6 per cent YoY uptick in operating profit to PEN95m from PEN86.7m in the 1Q23. Net profit was up 13.8 per cent YoY to PEN49.5m from PEN43.5m over the same period, resu... |
Sagar Cements posts 15% YoY production growth04 June 2024, Published under Cement NewsIndia's Sagar Cements Ltd has reported cement production of 5.47Mt in FY23-24 (1 April 2023-31 March 2024), up 15 per cent YoY. Clinker production over the same period improved by 22 per cent to 4.36Mt. Net sales in FY23-24 came in at INR24,982.5m (US$299m), marking an advance of 12 per cent YoY, while EBITDA expanded by 61 per cent to reach INR2459.1m. Profit after tax in FY23-24 stood at a loss of INR520.5m, compared to a gain of INR96.1m in the previous year, while earnings per share... |
Sinai Cement sees net sales fall in 1Q2403 June 2024, Published under Cement NewsSinai Cement saw its consolidated net sales fall to EGP1.16bn (US$24.5m) in the first quarter of 2024 (ended 31 March). This compares to EGP1.24bn in the same period a year earlier. Consolidated net profit in the 1Q24 came in at EGP30.11m, versus a net loss of EGP58.47m in the 1Q23. Earnings per share in the three-month period stood at EGP2.26, against a loss of EGP0.44 in the same period a year earlier, reports Zawya. On a standalone basis, net profit in the first three months of 2024... |
Barak Valley Cements posts revenue growth YoY31 May 2024, Published under Cement NewsIndia-based Barak Valley Cements has reported consolidated total revenue of INR709.5m (US$8.5m) in the quarter ended 31 March 2024, up from INR616.1m in the same period a year earlier. A net loss of INR11.7m was seen in the 2024 quarter, compared to a profit of INR12.8m in the quarter ended 31 March 2023. Total expenses over the same time frame advanced from INR584.4m to INR685.5m, driven primarily by the cost of materials consumed. Basic earnings per share declined from INR0.58 in the... |
Deccan Cements posts revenue advance YoY29 May 2024, Published under Cement NewsIndia’s Deccan Cements has posted total revenue of INR2281.4m (US$27.42m) in the quarter ended 31 March 2024, up from INR1990.8m in the same period a year earlier. The company reported a profit of INR30.1m in the March 2024 quarter, compared to INR99m in the year-ago period. Total expenses advanced from INR1857m in the quarter ended 31 March 2023 to INR2071.3m in the same period a year later, driven by the cost of materials consumed, and power and fuel. Earnings per share, meanwhile, f... |
Anjani Portland Cement sees revenue advance YoY28 May 2024, Published under Cement NewsAnjani Portland Cement has reported total revenue of INR1282.8m (US$15.4m) in the quarter ended 31 March 2024. This compares to INR960.5m in the same period a year earlier. A net loss of INR16.3m was seen over the March 2024 quarter, marking a slight improvement on the INR18m loss posted in the same period in 2023. Total expenses, meanwhile, expanded from INR981m in the March 2023 quarter to INR1342m in the same period a year later. Earnings per share fell from a loss of INR0.50 at 31 ... |
Eagle Materials posts record results22 May 2024, Published under Cement NewsEagle Materials has reported record revenue of US$2.3bn in the FY23-24, ended 31 March 2024, marking a five per cent advance YoY. Net earnings over the year improved by three per cent to reach a record US$477.6m, while adjusted EBITDA was up seven per cent YoY to US$834.5m. In the 4QFY23-24, revenue advanced to US$476.7m, up one per cent on the same period a year earlier. Net earnings over the three-month period fell 23 per cent to US$77.1m, while adjusted EBITDA contracted 10 per cent... |