Cement News tagged under: business results
Dangote Cement31 July 2019, Published under Cement NewsIn the opening six months of 2019, Dangote sold 12.28Mt of cement, down 0.6 per cent YoY. Over the same period, group revenue came in at NGN467.7bn (US$1.29bn), a fall of three per cent YoY, while group EBITDA declined by 11.4 per cent to NGN217.9bn. The EBITDA margin slipped 4.4 points to 46.6 per cent while net debt stood at NGN318.6bn after a dividend payment of NGN272.6bn. Nigeria Despite a strong increase in volumes in January, Nigerain cement sales in the first half of 2019 were ... |
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... |
Eagle Materials notes record cement sales in 1Q31 July 2019, Published under Cement NewsUS-based Eagle Materials Inc has reported a six per cent YoY fall in revenue to US$370.5m for the quarter ending 30 June 2019. However, revenue in the Heavy Materials (cement, concrete and aggregates) segment saw a three per cent improvement to US$234.7m. Operating earnings decreased five per cent to US$40.6m, which has been attributed to increased fixed and freight costs alongside poor weather. “Our cement sales volume was up three per cent to a record 1.6Mt in the first quarter despite... |
Yamama Cement reports 47% net profit increase in 2Q1931 July 2019, Published under Cement NewsSaudi Arabia’s Yamama Cement has recorded a 46.6 per cent YoY increase in net profit for the second quarter of 2019, rising to SAR53.2m (US$14.19m) from SAR36.3m. The company’s sales saw a similarly positive result, advancing 47.6 per cent to SAR165.3m against SAR112m of the 2Q18. |
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... |
HeidelbergCement reports 7% rise in revenues in 1H1930 July 2019, Published under Cement NewsGermany-based HeidelbergCement posted revenues of EUR9.2bn, representing a seven per cent increase YoY from EUR8.4bn in the 1H18. However, market dynamics weakened in the second quarter of the year and as a result, the group’s cement and clinker sales volumes decreased by 1.4 per cent to 61Mt (1H18:61.9Mt). Excluding consolidation effects from the sale of the Maddaloni and Spoleto cement plants in Italy, business activities in Ukraine, and the white cement business in the USA and Egypt, ... |
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... |
Lucky Cement profit squeezes in FY1930 July 2019, Published under Cement NewsLucky Cement Ltd informed the Pakistan Stock Exchange (PSX) on 29 July that its net profit after tax during FY19 stood at PKR10.5bn (US$65.16m), down 14 per cent YoY. The results were accompanied by a cash dividend of PKR6.5/share. The company overall sales volume declined by 1.8 per cent to reach 7.67Mt during the current fiscal year. The local cement sales volume registered a decline of 11.7 per cent and totalled 5.85Mt in comparison to 6.63Mt last year. However, the export volumes impr... |
Orient Cement sees 249% rise in net profit30 July 2019, Published under Cement NewsIndia’s Orient Cement has reported a 7.5 per cent YoY rise in total income for the quarter ending 30 June 2019, rising to INR6.91bn (US$100.56m) from INR6.43bn. Net profit for the 1QFY19-20 surged 249.1 per cent to INR558.9m, compared with INR160.1m of the year-ago period. |
Attock Cement profit falls in FY1930 July 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has announced its FY19 results, reporting a net profit after tax fall to PKR2.073bn (US$12.86m) from PKR4.4bn in FY18, down 53 per cent on YoY. Along with the result, ACPL also announced a final cash dividend of PKR4/share. The topline of the company grew 26 per cent YoY during FY19 to PKR 20.781bn, led by 29 per cent YoY growth in sales volume (mainly exports), a research house commented. However, financial charges of the company swelled significantly by... |