Cement News tagged under: business results
HeidelbergCement04 June 2019, Published under Cement NewsHeidelbergCement's first-quarter turnover improved by 16.9 per cent, helped by better weather, to EUR4238m, while the EBITDA rose by 58.6 per cent to EUR396m. The trading result was a EUR60m profit compared with a EUR16m loss in 1Q18. Group cement and clinker shipments improved by 1.6 per cent to 28.58Mt. The international trading activities of HC Trading saw trading turnover improve by 57.3 per cent to EUR567Mt, but EBITDA came off by 6.5 per cent to EUR9m. Aggregates shipments recovered by... |
LafargeHolcim04 June 2019, Published under Cement NewsLafargeHolcim has agreed the sale of its 51 per cent-owned subsidiary Lafarge Malaysia to YTLCement Berhad for US$396m, a 43 per cent premium to the latest share price before the deal was announced. The sale includes the 91 per cent-owned subsidiary Holcim Singapore Pte Ltd. Lafarge Malaysia operates three integrated cement works and two grinding centres. Completion of the deal was achieved on 17 May 2019. In the first quarter Lafarge Malaysia lost MYR32.07m (US$7.64m), compared with a loss ... |
Sri Chakra Cement closes FY18-19 with INR55.9m net loss03 June 2019, Published under Cement NewsSri Chakra Cement reported a net loss of INR35.8m (US$515,506) in the quarter ended March 2019 compared to a net profit of INR16.9m in the year-ago quarter. The company’s sales increased 65.5 per cent to INR498.2m in January-March 2019. In the first three months of 2018 it achieved sales of INR301.1m. For the full FY18-19 a net loss of INR55.9m was reported (FY17-18: net profit of INR1.2m). Sales advanced 1.7 per cent to INR1.882bn in FY18-19, up from INR1.85bn in the previous year. |
Lafarge Malaysia reduces net loss in 1Q1930 May 2019, Published under Cement NewsLafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent YoY fall to MYR538.7m from MYR546.8m, with the decrease attributed to lower cement sales caused by market conditions. The company noted that key infrastructure projects will help reduce the domestic cement industry’s overcapacity, but market conditions are expected to remain challenging. "There is still healthy ... |
India Cements Jan-Mar quarter net profit advances 23% YoY28 May 2019, Published under Cement NewsChennai-based India Cements has reported a 23 per cent increase in its net profit for the quarter ended March 2019. Higher prices, a recovery in cement demand and improved capacity utilisation led to a net profit of INR430m and revenues of INR15.64bn, up 12 per cent YoY and 19 per cent QoQ. For the full financial year 2018-19, stand-alone profits dropped 30 per cent YoY to INR690m as net plant realisations (NPR) fell two per cent YoY and rising fuel prices increased production costs. Goi... |
Dungsam Cement reduces losses in 201824 May 2019, Published under Cement NewsBhutan’s Dungsam Cement Corp Ltd (DCCL) has reported the narrowing of its losses to BTN30m (US$430,624) in 2018 from BTN720m in the previous year. The company has attributed the improved results to an uptick in cement production from 200,000t when its plant was commissioned in 2014 to 633,000t last year. The company now aims to make its maximum profit in 2019 and eradicate its losses, according to BBS News. The company mainly supplies to the country’s hydropower projects, delivering 291,79... |
JK Lakshmi Cement shows 28% net profit growth24 May 2019, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a 27.8 per cent YoY rise in net profit to INR432.5m (US$6.2m) in the final quarter of FY18-19, against INR338.4m in the corresponding period of the previous year. Total income of the company increased 28.8 per cent to INR11.89bn from INR9.23bn. For the full-year period ended 31 March, the company saw a 5.2 per cent YoY fall in net profit to INR795.6m from INR839.6m. However, total income advanced 10 per cent to INR39.38bn from INR35.82bn. |
Ramco Cements sees 50% advance in net profit23 May 2019, Published under Cement NewsIndia’s Ramco Cements has reported a 50 per cent YoY increase in net profit to INR1.65bn (US$23.68m) for the 4QFY18-19, while revenue advanced 21 per cent to INR15.43bn. For the full fiscal year, revenue was up 12 per cent YoY at INR51.87bn. However, fluctuating cement prices and increasing fuel prices meant the company saw a nine per cent fall in profits to INR5.07bn. The company’s performance in the FY18-19 was boosted by a 19 per cent rise in cement sales to 11.12Mt, compared to 9.3Mt... |
China National Building Materials (CNBM)22 May 2019, Published under Cement NewsCNBM’s net profit jumped by 176 per cent YoY to CNY2.6bn (US$376m) in the opening quarter of 2019, according to Credit Suisse. Outperforming market expectations, the rise is being attributed to a higher average selling price and strong sales volumes. |
Semen Indonesia22 May 2019, Published under Cement NewsIn April 2019 PT Semen Indonesia sold a total of 3,096,519t of cement and clinker. This compares to 3,161,372t in the previous month. Semen Indonesia contributed 2,144,359t to the April total, mainly from domestic sales (1,851,219t) but also exports (293,140t). This was slightly down on the 2,219,685t reported in March this year. A further 204,601t was added by TLCC in April, made up of 117,301t to the domestic market and 87,300t in exports. This was an improvement on the 133,541t seen in th... |