Cement News tagged under: business results
Cemex results supported by Europe in the 1Q1926 April 2019, Published under Cement NewsCemex has announced that its consolidated net sales increased by one per cent on a like-for-like basis to US$3.2bn during the first quarter of 2019, after adjusting for foreign exchange fluctuations. However, operating EBITDA decreased by three per cent YoY to US$562m. The increase in net sales has been attributed to the higher price of the company’s products, as well as higher volumes across its three core products in Europe, and in the company's US ready-mix and aggregates markets. "We ... |
ACC shows 38% growth in profit for the 1Q1926 April 2019, Published under Cement NewsIndia's ACC (LafargeHolcim group) has reported a 38 per cent YoY increase in profit after tax to INR3.46bn (US$49.51m) in the 1Q19, compared with INR2.5bn of the year-ago period. Total income advanced 11 per cent in the first quarter to INR40.76bn from INR36.72bn. Net sales also rose by eight per cent to INR38.50bn against INR35.57bn in the 1Q18. The company's cement segment was up 5.6 per cent YoY in sales volume during Jan-Mar 2019, reaching 7.5Mt from 7.1Mt. Revenue from the sector clim... |
Tabuk Cement posts 3M profit26 April 2019, Published under Cement NewsSaudi cement producer Tabuk Cement Co has returned to profit in the first quarter of 2019, posting a SAR3.63m (US$968,000) net profit. The rise has been attributed to increased revenues and investment returns, according to a company bourse statement. In 2018 the company reported a 316.4 per cent YoY hike in net loss after zakat and taxes to SAR98.84m while revenues fell 10.3 per cent to SAR149.44m. |
Ciments de Bizerte reports 7% rise in 1Q total revenues26 April 2019, Published under Cement NewsTunisia-based Les Ciments de Bizerte has reported a 6.9 per cent rise in total revenues to TND19.416m (US$6.4m) in the 1Q19 thanks to its resumption of exports, according to l’Economiste Maghrébin. Domestic sales in the period increased 5.1 per cent to TND19.364m while export sales reached 328,193t, up 25.7 per cent YoY. Output from the company’s production base fell 16.8 per cent YoY to 124,445t of cement in the 1Q19 while clinker production fell by 43.3 per cent YoY to 130,640t. The decr... |
Arabian Cement returns to profit in 1Q1926 April 2019, Published under Cement NewsArabian Cement net profits reached SAR37.1m in the first quarter of 2019, compared to net losses of SAR6.1m in the year-ago period, according to a statement to the Saudi Stock Exchange. Net profits surged 127.6 per cent QoQ from SAR16.3m in 4Q18. The company attributed the turnaround to higher revenues and lower costs. In addition, reduced general and administrative expenses and lower losses in its Jordan unit contributed to the more positive result. |
UltraTech Cement records positive results for FY18-1925 April 2019, Published under Cement NewsIndia’s UltraTech Cement (Aditya Birla Group) has reported a 9.6 per cent YoY increase in consolidated profit after tax to INR24.35bn (US$347.6m) for the year ended 31 March 2019. Revenue for the fiscal rose 20.4 per cent to INR367.75bn from INR305.41bn. However, the company noted in an exchange filing that its results for the FY18-19 and final quarter are not comparable with previous periods due to the merger of Binani Cements into the company. In the 4QFY18-19 UltraTech Cement saw its co... |
Maple Leaf Cement Factory records net profits of PKR1.89bn in 9MFY18-1925 April 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has announced its financial results for the nine-month period ended 31 March 2019 by declaring a net profit for the period of PKR1.89bn (US$13.34m), down 43.9 per cent YoY as compared to PKR3.37bn in the same period last year. Net sales of MLCFL during the 9MFY18-19 decreased to PKR18.28bn from PKR19.22bn during this period. MLCFL incurred a distribution cost of PKR607m, up when compared with PKR551m in the same period last year. The administrative e... |
DG Khan Cement's net profit falls by 47%25 April 2019, Published under Cement NewsDG Khan Cement (DGKC) has announced its unconsolidated financial results for 9MFY19. It reported net profit after tax of PKR2.62bn (US$18.5m), down 47 per cent YoY. The company's net sales surged by 30 per cent YoY to PKR 30.37bn from PKR 23.37bn during this period on the back of increases in cement prices and volumes (mainly exports), a research house remarked. Other highlights include a 46 per cent YoY increase in distribution expenses to PKR1bn, reportedly on account of a rise in exp... |
Thatta Cement's achieves net profit after tax of PKR164m25 April 2019, Published under Cement NewsThatta Cement Company Ltd (TCC), announced its financial results for 9MFY19 on 24 April. It reported net profit after tax of PKR164m (US$1.16m), down 47 per cent when compared to PKR307m in the year-ago period. TCC's net sales increased to PKR2.89bn from PKR2.17bn during this period, representing a growth of 33 per cent YoY. The company incurred higher distribution expenses of PKR208m and administrative expenses fell to PKR77m compared to PKR7m and PKR95m, respectively in nine months of t... |
PT Indocement24 April 2019, Published under Cement NewsFollowing less than five per cent growth in cement consumption in Indonesia last year and a slow start to 2019, all eyes are now on the second half of this year to boost cement demand. With the presidential elections out of the way, the country’s cement producers are hoping for an increase in demand on the back of government investment in infrastructure and housing. But oversupply and rising production costs remain a challenge. For Heidelberg-owned Indocement, overcapacity in the market o... |