Cement News tagged under: business results
Adelaide Brighton issues profit warning for 201910 May 2019, Published under Cement NewsAustralia's Adelaide Brighton has warned that profits for 2019 could be 10-15 per cent lower than the AUD190.1m (US$133m) recorded in 2018, due to weaker demand in residential construction and high competition from imports. The company attributed the profit warning to "further softening of demand for construction materials in the residential market, increased competition from cement imports, increased competitive pressures in Queensland and higher costs of key raw materials compared to the... |
Buzzi Unicem reports net sales of EUR2873.5m in 201810 May 2019, Published under Cement NewsBuzzi Unicem announced consolidated 2018 net sales of EUR2873.5m versus EUR2806.2m in 2017, up 2.4 per cent, while EBITDA stood at EUR577.2m compared to EUR508.2m in 2017. The group’s net profit amounted to EUR382.1m down from EUR391.6m in 2017. Net debt on 31 December 2018 stood at EUR890.5m, up by EUR28m from EUR862.5m at the end of 2017. At the shareholders' meeting the Board of Directors authorised a buy-back of a maximum additional 7m ordinary and/or savings share for 18 months up to ... |
Hsing Ta Cement sees 32% revenues hike in the 4M1910 May 2019, Published under Cement NewsTaiwan-based Hsing Ta Cement has reported a 38.2 per cent increase in revenues to TWD753.3m (US$24.3m) in April 2019 from TWD545.2m in April 2018. In the first four months of 2019, the cement producer saw revenues surge to TWD2.113bn, up 31.5 per cent from TWD1.607m in the 4M18. |
HeidelbergCement reports improved 1Q results due to volume and price increases09 May 2019, Published under Cement NewsHeidelbergCement posted revenues of EUR4.238bn in January-March 2019, up 16.9 per cent when compared with the 1Q18. Like-for-like (LfL) – ie, excluding positive exchange rate effects of EUR68m – the change from the 1Q18 was 15 per cent. EBITDA jumped 58.6 per cent (25.8 per cent LfL) to EUR396m YoY while the result from current operations reached EUR60m. Key drivers were improved sales volumes in group areas Western and Southern Europe, Northern and Eastern Europe-Central Asia, and North Ame... |
Northern Cement announces 37% 1Q revenue rise09 May 2019, Published under Cement NewsSaudi cement producer Northern Cement reported a more than nine-fold rise in net profits after zakat and tax in the first quarter of 2019, according to Mubasher. Net profit reached SAR15.51m (US$4.1m), up from SAR1.46m in the 1Q18. Revenues remained stable at SAR113.3m in the1Q19 when compared with the 1Q18. Total profits increased by 67.8 per cent in the three months to SAR40.1m when compared with SAR23.9m in the year-ago period. Operational profits more than doubled to SAR40.1m in the 1Q... |
Post-merger CCNN reports improved 1Q19 results08 May 2019, Published under Cement NewsNigeria’s Cement Co of Northern Nigeria (CCNN) saw its net profit after tax soar by 236 per cent YoY to NGN3.636bn (US$10.1m) in the first quarter of 2019 ended 31 March. The merger with Kalambaina Cement Co Ltd is seen as a key reason for the improved profit figure. In the post-merger three-month period revenue saw a 213 per cent hike to NGN16.886bn from NGN5.394bn in 1Q18. Sales volumes increased by 233 to 411,945t with a capacity utilisation rate of 82 per cent. Strong domestic demand... |
Hail Cement sees 41% YoY 1Q revenue increase08 May 2019, Published under Cement NewsSaudi Arabia-based Hail Cement reported a 41 per cent YoY rise in revenues to SAR68.6m (US$18.3m) in the first quarter of 2019. “The main reason for the increase in net income in the current quarter compared to the same quarter last year is due to more sales quantity and better selling price,” the firm said in its filing to the Tadawul, the Saudi stock exchange. The results come only months after a Saudi cement sector report by Al Rajhi Capital that said that cement demand in the Middle ... |
Vicat sees strong French volumes07 May 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 5Mt. Before inter-sector eliminations, the cement turnover amounted to EUR353m, a 3.3 per cent improvement. The turnover in concrete and aggregates was 6.7 per cent ahead at EUR229m, which represents an underlyi... |
Najran Cement Co posts 159% rise in net profit07 May 2019, Published under Cement NewsSaudi Cement producer Najran Cement Co reported a 159 per cent increase in net profits (after zakat and tax) to SAR6m (US$1.6m) in the 1Q19 when compared with the 1Q18, when it reported a loss of SAR10.2m. Sales revenues reached 106.5m in the first three months of 2019, up from SAR97m in the year-ago period. Total profits reached SAR22.6m, an considerable improvement when compared with the SAR9.7m reported in the 1Q18. The improved results have been attributed to an increase in sales volu... |
FLSmidth reports strong order intake in 1Q1903 May 2019, Published under Cement NewsTwo large cement orders from Paraguay and Vietnam supported Denmark-based equipment manufacturer FLSmidth’s order intake in the 1Q19. The order backlog expanded to DKK17.8bn (US$2.66bn), the highest level since 2013 and up from DKK13.9bn at the same time last year. "Our order intake and order backlog demonstrate our competitive strength. Each new order is the result of a customer's careful selection of us to deliver and install mission critical equipment or to provide important services to... |