Cement News tagged under: business results
India Cements reports net loss in 3QFY19-2010 February 2020, Published under Cement NewsIndia Cements has reported an INR53.7m (US$751,232) standalone net loss in the quarter ending 31 December 2019, compared with an INR31.3m profit in the year-ago period. Total income also declined 4.3 per cent YoY to INR11.94bn from INR12.48bn. EBITDA was down by five per cent YoY to INR1.32bn from INR1.39bn in the 3QFY18-19. Despite this, the drop in EBITDA was reportedly mitigated by a reduction in the variable cost of production. "The overall demand in south is picking up with AP and T... |
Sumitomo Osaka Cement sees 55% increase in net profit07 February 2020, Published under Cement NewsJapan’s Sumitomo Osaka Cement has seen a 54.5 per cent YoY increase in net profit to JPY7.7bn (US$70.05m) for the nine-month period ended December 2019. Total sales saw a 3.3 per cent decline to JPY181.9bn, while operating profit rose 6.6 per cent to JPY10.7bn. For the full year ending March 2020, net profit is expected to advance 37.2 per cent YoY to JPY10.7bn and sales to decrease 2.4 per cent to JPY245bn. |
Taiheiyo Cement records 10.4% decline in net profit07 February 2020, Published under Cement NewsJapan’s Taiheiyo Cement has seen a 10.4 per cent YoY decline in net profit to JPY30.5bn (US$277.5m) for the nine-month period ending 31 December 2019. Sales were also down 4.3 per cent YoY to JPY662.9bn in the 9MFY19-20, while its operating profit decreased 15.2 per cent to JPY42.1bn. Demand relating to the Tokyo Olympics and Paralympics and the reconstruction demand of the Great East Japan earthquake has peaked, therefore the company’s aggregate business saw sales volume decrease in the ... |
Star Cement reports 18% decline in net profit07 February 2020, Published under Cement NewsIndia’s Star Cement has reported an 18.2 per cent decline in net profit to INR459.2m (US$6.4m) in the quarter ending 31 December 2019, compared with INR561.4m in the year-ago period. However, net revenue increased 6.9 per cent YoY to INR4.29bn from INR4.01bn. Operating expenses rose 15.6 per cent in the 3QFY19-20, reaching INR3.71bn from INR3.21bn. |
Sagar Cements reports 2% increase in production for January06 February 2020, Published under Cement NewsIndia’s Sagar Cements has reported a 1.7 per cent YoY increase in standalone cement production for January 2020, rising to 228,455Mt from 224,607Mt in the year-ago period. Consolidated cement production improved 4.7 per cent to 316,657Mt from 302,558Mt. However, the company’s standalone cement sales were down three per cent to 224,271Mt from 231,208Mt in January 2019. Consolidated cement sales also fell 1.6 per cent YoY to 315,309Mt from 320,410Mt. |
Eagle Materials reports a 5% revenue increase05 February 2020, Published under Cement NewsUS-based Eagle Materials has reported a five per cent YoY increase in revenue to US$350.2m for the quarter ending 31 December 2019. However, the company posted a net loss of US$114.6m, compared to a profit of US$57.7m in the year-ago period. Adjusted EBITDA advanced six per cent to US$118.7m in the 3QFY19-20. "We are pleased that during the third quarter of fiscal 2020 we capitalised on robust underlying demand across our geographic footprint to achieve a five per cent revenue improvement.... |
SCG sees 14% revenue increase from Cambodian operations04 February 2020, Published under Cement NewsThailand's Siam Cement Group has reported a 13.9 per cent YoY increase in sales revenue from its Cambodian operations in 2019, rising to US$451m from US$396m in the previous year. In the final quarter of 2019, sales advanced 17 per cent YoY to US$114m, driven by its cement and construction materials business, according to a press release. "Cambodia's economy continued to achieve robust growth during the fourth quarter of last year. The construction sector remained healthy thanks to publi... |
Qassim Cement sees net profit treble in 201903 February 2020, Published under Cement NewsSaudi Arabia-based Qassim Cement Co reported a 83.7 per cent increase in revenue to SAR781.9m (US$208.5m) in 2019 from SAR425.7m in 2018. The company net profit after zakat and tax nearly trebled to SAR360.7m in 2019. In 2018 it was SAR120.8m. The company attributes the improvements to a rise in sales and an increase in average selling price. |
Tokyo Cement Co (Lanka) Ltd sees revenues fall in 4Q1931 January 2020, Published under Cement NewsTokyo Cement Co (Lanka) Ltd earned profits of LKR257m (US$1.42m) in the December quarter. Revenues fell 13 per cent to LKR8.2bn in the quarter, but cost of sales fell at a faster 23 per cent to LKR6bn, helping grow gross profits 32 per cent to LKR2.2bn. In addition, distribution expense grew 18 per cent to LKR1.05bn. Sri Lanka has cut value added tax on cement, but also tightened price controls. Tokyo Cement Co (Lanka) Ltd runs grinding plants in the country and also distributes imported... |
Birla Corp sees 200% rise in net profit31 January 2020, Published under Cement NewsIndia’s Birla Corp has announced a 200 per cent YoY increase in its net profit to INR810m (US$11.32m) for the 3QFY19-20, while revenue advanced 10.7 per cent to INR17.35bn. EBITDA climbed 44 per cent YoY to reach INR3.15bn for the period. Total sales by volume rose seven per cent YoY to 3.4Mt in the quarter ending December 2019. The company’s capacity utilisation also grew five per cent to 87 per cent. |