Cement News tagged under: business results
Shanshui Cement reduces loss to CNY210.89m03 May 2019, Published under Cement NewsShanshui Cement has narrowed its loss to CNY-210.89m (US$-31.3m) for the 1Q19, according to a company statement. In the 1Q18 the company loss reached CNY-471.22m. Shanshui’s operating revenue increased by 41.5 per cent YoY to CNY2.58bn in the first quarter while its gross profit was CNY682.03m, up 43.3 per cent YoY. |
Mykolaivcement’s net profit falls to UAH174m03 May 2019, Published under Cement NewsUkrainian cement producer Mykolaivcement, indirectly controlled by CRH, has seen its net profit decline by 6.1 per cent to UAH174m (US$6.5m) in 2018, according to Ukrainian News Agency reports. Revenues slipped 3.1 per cent to UAH1.083bn YoY in 2018 while cement sales fell seven per cent to 712,000t. As a result, the company had a domestic market share of 7.9 per cent. |
Southern Province 1Q profit up 18%03 May 2019, Published under Cement NewsSaudi cement producer Southern Province Cement Co reported 17.6 per cent YoY growth in 1Q profits (after zakat and tax) to SAR120m (US$32m) in 2019. When compared with the previous quarter, profits surged 130.8 per cent from SAR52m in 4Q18. The increase in profit was attributed to a 24.8 per cent increase in sales revenues to SAR342m, a 37.3 hike in sales volume and a 9.6 per cent decline in financing costs, according to a company statement to the Saudi Stock Exchange. |
LafargeHolcim02 May 2019, Published under Cement NewsThe LafargeHolcim subsidiary Cimencam has inaugurated a 0.5Mta cement plant at Nomayos in Cameroon. Lafarge Malaysia is seeing continued weakness in demand for 2019. Prices have increased somewhat because of higher production costs, but margins remain under pressure as higher costs cannot be fully passed on. The Indian LafargeHolcim subsidiary ACC Ltd has delivered 5.6 per cent more cement in the 1Q18 at 7.5Mt and 0.94Mt of ready-mixed concrete were supply, an increase of 19 per cent.... |
Cemex02 May 2019, Published under Cement NewsCemex 1Q19 turnover declined by 6.9 per cent to US$3238.12m and EBITDA fell by 6.1 per cent to US$5561.84m. The trading profit dropped by 14.3 per cent to US$293.98m. The company's net interest charge came down by 7.1 per cent to US$189.18m and the pretax profit was reduced by 36.8 per cent to US$54.65m. The effective net debt was seven per cent lower at US$11,672m, of which 61 per cent was in US dollar, 29 per cent in euro and nine per cent in other currencies, with 70 per cent of the debt ... |
Cemex Latin American Holdings02 May 2019, Published under Cement NewsCemex Latin American Holdings' turnover declined by 11.5 per cent in the 1Q19 to US$258.2m, while EBITDA came off by 19.3 per cent to US$54.3m. At the trading level, there was a 25.4 per cent profit reduction to US$34m. After a 13.9 per cent interest charge and other items, the pretax profit showed a reduction to US$22.9m and the net attributable profit emerged at US$15.6m. Net debt at the end of March was 16.3 per cent lower than a year earlier at US$797m, giving a gearing level of 51.6 ... |
CRH02 May 2019, Published under Cement NewsCRH's underlying sales in the 1Q19 improved by around four per cent, with European turnover being ahead by 12 per cent and the Americas by four per cent. In The Phillipines volumes and price were ahead. Group EBITDA in the first half expected to be in excess of EUR1500m. First-half results will be announced on 22 August 2019. Heavy building materials volumes in Great Britain were ahead, thanks to better weather during the period. Irish volumes advanced due to good demand while cement and ... |
Breedon Group02 May 2019, Published under Cement NewsBreedon Group generated a turnover 12.2 per cent higher at GBP852.7m (EUR986.4m) in 2018. The company produced a trading profit 31 per cent ahead at GBP101.8m (EUR117.8m) and a pretax profit of GBP91.7m (EUR106.1m), an increase of 23.9 per cent. Aggregates volumes increased by 21.3 per cent to 19.4Mt, while ready-mixed concrete deliveries eased by three per cent to 3.2Mm³. The asphalt volume rose by 47.4 per cent to 2.8Mt. Following the acquisition of the Irish Lagan Group last, wh... |
Umm Al Qura Cement Q1 doubles profit in 1Q1902 May 2019, Published under Cement NewsSaudi cement producer Umm Al Qura saw its first-quarter net profit, after tax and zakat, more than doubled to SAR21.5m (US$5.7m) in the 1Q19 from SAR10.2m in the 1Q18. The company attributed the rise in profit due to improved selling prices as well as an increase in sales values. First-quarter sales advanced 12.4 per cent to SAR63.5m in 2019 when compared with SAR56.5m in the year-ago period. |
Ambuja Cement records 57% PAT increase in 1Q1901 May 2019, Published under Cement NewsIndia’s Ambuja Cement Ltd (LafargeHolcim) has announced its stand-alone results for the 1Q19, recording a 57 per cent YoY increase in net profit after tax to INR4.27bn (US$61.4m) from INR2.72bn. However, its operating EBITDA declined 8.7 per cent to INR4.63bn from INR5.07bn. Net sales rose three per cent to INR28.47bn in the first quarter of 2019, compared with INR27.63bn of the year-ago period. In particular, cement sales showed four per cent growth to finish at 6.37Mt against 6.22Mt of t... |