Cement News tagged under: business results
TCK announces 42% fall in net profit24 July 2019, Published under Cement NewsBosnia's Tvornica Cementa Kakanj (TCK) has announced that its net profit fell 42 per cent YoY to BAM5.3m (US$3m) for the 1H19, compared with BAM9.1m in the year-ago period. Operating revenue decreased 9.7 per cent to BAM32.2m in the first six months of the year, while operating costs rose 0.8 per cent to BAM26.8m. |
China’s cement industry sees CNY80bn profit in 1H1922 July 2019, Published under Cement NewsChina’s cement industry in the first half of 2019 saw profits advance by 20 per cent to CNY80bn (US$11.6bn), according to China Securities Journal. Cement output increased 6.8 per cent YoY to 1.05bnt in the January-June period, the highest growth rate in the last five years, as shown by data of the National Bureau of Statistics. The cement market expansion has been attributed to real estate and infrastructure growth. Fixed-asset investment, including capital spent on infrastructure, prope... |
ACC records 39% rise in net profit for 2Q1919 July 2019, Published under Cement NewsIndia’s ACC Ltd (Ambuja Cements) has reported a 38.6 per cent YoY rise in consolidated net profit to INR4.56bn (US$60.26m) for the 2Q19, due to an improvement in operating performance. Total revenue increased 7.8 per cent to INR41.50bn against INR38.48bn in the year-ago period. EBITDA also advanced 25 per cent to INR7.83bn. However, the cement sales volume was flat at 7.2Mt. Ready-mix concrete sales were up 10.4 per cent to 0.85Mm 3 from 0.77Mm 3 . "Despite subdued cement demand, our s... |
Cementos Pacasmayo announces 12% revenue increase18 July 2019, Published under Cement NewsPeru’s Cementos Pacasmayo has announced a 11.9 per cent YoY increase in revenue during the 2Q19, mainly attributed to an 11.8 per cent rise in the sales volume of cement, concrete and precast. Net income advanced 37 per cent to PEN32.2m (US$9.8m), while its consolidated EBITDA climbed 11.3 per cent YoY to PEN94.3m. However, the cement EBITDA margin dropped from 30.3 per cent to 29.2 per cent as a result of higher-priced clinker used in April, according to the company. 6M19 results In th... |
Oman Cement Co reports 52% fall in profit17 July 2019, Published under Cement NewsOman Cement Co has reported a 52 per cent YoY fall in profit after tax for its 1H19 unaudited results, decreasing to OMR2.3m (US$6m) from OMR4.8m of the year-ago period. The first six months of 2019 saw total revenue at the company remain flat at OMR26.3m. |
Holcim Azerbaijan reports 9% revenue increase in 201816 July 2019, Published under Cement NewsHolcim Azerbaijan has reported that its revenue increased 8.7 per cent YoY to AZN116.3m (US$68.57m) in 2018. After deducting transportation, administrative and sale expenses, the company’s operating income reached AZN20.369m, which is a 28.4 per cent rise compared to 2017. The pretax profit surged by almost four times to AZN11.471m, according to Regional Finances. Net profit amounted to AZN7.067m for the year. |
Raysut Cement Co sees revenue fall 5% in 1H1915 July 2019, Published under Cement NewsOman’s Raysut Cement Co has announced its unaudited consolidated results for the first six months of 2019. The company has seen a 5.1 per cent YoY decline in revenue to OMR41.7m (US$108.5m), compared with OMR43.94m in the 1H18. Profit before tax fell 58.1 per cent to OMR517,398 from OMR1.23m. Profit after tax decreased 27.1 per cent to OMR511,871 against OMR701,732 in the year-ago period. |
Steppe Cement records 6% rise in volumes for 1H1910 July 2019, Published under Cement NewsKazakhstan’s Steppe Cement has sold 780,315t of cement in the first half of 2019, an increase of six per cent YoY from 738,228t in the year-ago period. The revenue from the sale of cement has surged 34 per cent to KZT14bn (US$36.6m) from KZT10.5bn. The average price of its cement, excluding VAT, rose to KZT18,042/t, compared with KZT14,276/t in the 1H18. The company’s local market share increased slightly to 17 per cent from 16 per cent. The overall cement market in the country contracte... |
Chinese cement companies expect significant rise in 1H net profit10 July 2019, Published under Cement NewsHuaxin Cement has forecast a rise in net profit between 46-56 per cent YoY from CNY2.1bn (US$305m) in the first half of 2019 when compared with the 1H18, according to Reuters. Tangshan Jidong Cement is expecting its first-half net profit to rise between 57.8-63.2 per cent from CNY918.92m in the 1H18. |
Lafarge Czech Republic to invest in plant upgrades08 July 2019, Published under Cement NewsIn 2019, Lafarge Czech Republic plans to invest approximately CZK54m (US$2.4m) in the renovation of selected technology for clinker and cement production. Other areas of investment include the reconstruction of access roads alongside the noise and fire protection of buildings. The company noted an increased demand for cement in the first quarter of 2019. However, it has also stated that rising price of CO 2 allowances is worrying for the country’s cement sector. Company revenues increase... |