Cement News tagged under: business results
Chia Hsin Cement Corp posts 21% fall in revenues in May11 June 2019, Published under Cement NewsChia Hsin Cement Corp reported a 21.2 per cent decrease in revenues to TWD146.5m (US$4.67m) in May when compared with May 2018, when revenues reached TWD185.9m was posted. For the first five months of 2019, revenues declined by 8.2 per cent to TWD760m from TWD828m in the 5M18. |
Vassiliko Cement reports rise in domestic sales for 201811 June 2019, Published under Cement NewsCyprus-based Vassiliko Cement has reported a 17 per cent rise in cement sales to the domestic market in 2018. However, total income fell 4.4 per cent YoY to EUR97.9m from EUR102.4m. The company has attributed the result to a decline in cement exports, alongside a rise in the cost of energy and CO 2 emission allowances. Cyprus’ construction industry contracted between 2008-15. However, the last four years have seen a steady upward trend. In 2018 the company noted that cement sales reached ... |
Taiwanese producers report positive May results10 June 2019, Published under Cement NewsTaiwan’s Hsing Ta Cement has reported a 30 per cent YoY increase in revenue for May 2019, rising to TWD800.42m (US$25.4m) from TWD625.56m. In the first five months of the year, the company saw revenue advance 30.6 per cent to TWD2.91bn from TWD2.23bn. Meanwhile, Lucky Cement announced that its revenue was up 3.6 per cent to TWD305.28m in May, compared with TWD294.58m in the year-ago period. In Jan-May 2019, revenue increased 3.9 per cent to TWD1.46bn from TWD1.41bn. |
Votorantim Cimentos records 6% net revenue rise06 June 2019, Published under Cement NewsBrazil's Votorantim Cimentos has reported a 5.5 per cent YoY rise in net revenue to BRL2524m (US$654.5m) for the first quarter of 2019. The increase was attributed to the results of its Brazilian and other Latin American operations, combined with the positive effect of the real’s depreciation against the US dollar. The company’s adjusted EBITDA surged 179.9 per cent to BRL586m from BRL214m, while its EBITDA margin advanced to 23 per cent from nine per cent. The most significant growth in E... |
Holcim Philippines reports 35% EBITDA surge in 1Q1905 June 2019, Published under Cement NewsHolcim Philippines has reported a 5.8 per cent YoY decrease in revenue to PHP8.1bn (U$156.28m) for the first quarter of 2019. However, EBITDA has surged 35 per cent to PHP1.7bn while its EBITDA margin climbed from 14.6 per cent to 20.8 per cent in the 1Q19. A minor increase in net profit to PHP704m from PHP700m has been attributed to higher interest expenses for funding capital projects. "I am very pleased to share that we have successfully followed up our strong finish in 2018 with an exce... |
Cementir04 June 2019, Published under Cement NewsCementir's first-quarter turnover recovered by 9.1 per cent to EUR264.4m and EBITDA rose by 39.8 per cent to EUR33.7m, while at the trading level the advance was reduced to 23.6 per cent to EUR7.8m. At the pretax level, there was a swing from a EUR7.2m profit to a loss of a EUR0.3m. Net debt at the end of March was EUR416.4m compared with EUR387.1m a year earlier to give a gearing level of 16.9 per cent. The number of employees increased by 2.6 per cent to 3063. Shipments of grey and whit... |
Titan04 June 2019, Published under Cement NewsTitan's first-quarter turnover improved by 12.5 per cent to EUR362.7m and EBITDA advanced by 1.9 per cent to EUR44.3m. After a EUR15m (EUR14m) net financial charge and exchange rate movements, there was a pretax loss of EUR8.7m compared with a pretax profit of EUR2.6m a year ago. After tax and minorities there was a loss of EUR6.2m, compared with a EUR0.9m profit for the comparable period last year. Net debt at the end of March was higher at EUR889m, an increase of EUR117m, of which EUR59m w... |
Cimpor04 June 2019, Published under Cement NewsArgentina's Loma Negra saw cement volumes decline by 11.7 per cent to 1.52Mt during the 1Q19. Of this Argentina provided 1.37Mt, a reduction of 13.8 per cent, and Paraguay 0.15Mt, an increase of 7.8 per cent. Ready-mixed concrete deliveries amounted to 0.26Mm³, an improvement of 1.8 per cent, while the volume of aggregates sold eased by 0.7 per cent to 0.29Mt. Loma Negra’s turnover improved by 3.6 per cent to ARS7438m (US$183m, with the dollar denominated turnover fell by 20.6 per cent) a... |
Vicat04 June 2019, Published under Cement NewsVicat's first-quarter turnover showed 4.7 per cent improvement to EUR600m, which represents an underlying advance of just 0.3 per cent at constant parameters and exchange rates. The cement turnover also grew by 4.7 per cent to EUR302m, as cement shipments declined by four per cent to 5.00Mt. Before inter-sector eliminations, the cement turnover amounted to EUR353m, a 3.3 per cent advance. The turnover in concrete and aggregates was 6.7 per cent ahead at EUR229m, which represents an underlyin... |
Buzzi Unicem04 June 2019, Published under Cement NewsBuzzi Unicem's 1Q turnover rose by 21.7 per cent to EUR656m, having fallen by 8.4 per cent a year earlier. Turnover advanced in all countries apart from Brazil. Net debt at the end of March was 16.1 per cent higher at EUR1033.5m. Cement deliveries improved by 16.9 per cent to 6Mt, while group ready-mixed concrete deliveries advanced by 7.3 per cent to 2.6Mm³. The Italian turnover improved by 16.6 per cent to EUR119.6m, thanks to the better weather conditions as well as higher volumes bei... |