Cement News tagged under: business results
Kuwait Portland Cement sees 12% profit rise in 201812 April 2019, Published under Cement NewsKuwait Portland Cement Co recorded a net profit of KWD2.49m (US$8.2m) in the 4Q18. This represents a 150 per cent YoY advance when compared with KWD997,000 (US$3.2m) in the same period of 2017. In 2018, the company achieved a 12 per cent rise in earnings to KWD10.3m from KWD9.19m in 2017, according to a bourse filing. Operating income expanded by 4.3 per cent YoY to KWD8.87m from KWD8.5m in 2017. |
Cameroon cement industry reaches sales of XAF191.9bn in 201812 April 2019, Published under Cement NewsCameroon’s four cement producers achieved a total turnover of XAF191.9bn (US$330.4m) in 2018, according to sources in the country’s tax administration. Market leader Dangote Cement Cameroon sold 1.2Mta of cement, resulting in a sales figure of XAF86.4bn. LafargeHolcim-owned Cimencam increased its revenues to XAF70.7bn following the inauguration of its new 0.5Mta Nomayos plant in Yaoundé suburb on 2 April 2019. Cimaf Cameroon, part of the Morocco-based Adoha group, achieved a turnover o... |
Attock Cement profit shrinks by 25% in 9MFY1912 April 2019, Published under Cement NewsAttock Cement Pakistan Lt (ACPL) has announced its financial result for nine months period ended 31 March 2019 by declaring a net profit of PKR1.376bn (US$9.715m), down by 25 per cent YoY, as compared to PKR1.826bn in the same period last year. Net sales of the company during the 9MFY18-19 increased by 36 per cent to PKR16.15bn. Analysts attribute the rise in sales to stable growth in domestic sales, a considerable advance in clinker export sales and a positive impact of the country's cur... |
CCNN reports record net profit of NGN5.7bn in FY1811 April 2019, Published under Cement NewsCement Company of Northern Nigeria (CCNN) has released its FY18 results, reporting a net profit of NGN5.7bn (US$15.75m) , 77 per cent higher than in 2017. The earnings report is the first since the merger with Kalambaina Cement. Revenue reached NGN31.7bn, up 62 per cent YoY. EBITDA rose by 86 per cent to NGN7.9bn. CNN produced 0.76Mt of cement and sold over 0.74Mt. Sales in Nigeria rose by 49 per cent YoY to NGN28.9bn, while export figures rose from NGN0.2bn in 2017 to NGN2.9bn in 2018. T... |
Steppe Cement records strong sales in 1Q1911 April 2019, Published under Cement NewsSteppe Cement reports that in the 1Q19 the cement producer sold 266,393t of cement for KZT4455m (US$11.76m), compared to 197,179t of cement for KZT2313m in the 1Q18, an increase of 35 and 93 per cent, respectively. Steppe Cement reports that higher transport tariffs and rental expenses have been offset by savings due to better utilisation of the wagon fleet and increased sales in markets close to the factory. Kazakhstan’s cement market grew by 3.6 per cent in the 1Q19 and Steppe Ceme... |
Taiwanese cement companies report positive results in 1Q1910 April 2019, Published under Cement NewsTaiwan Cement Corp reported improved revenues for March 2019 at TWD10.877bn (US$352.62m), up 11.6 per cent when compared with TWD9.75bn in March 2018, according to Dow Jones Newswires. Universal Cement Corp revenues remained largely stable in March 2019 at TWD437.14m, when compared with TWD437.497m in the same period the previous year. Revenues for Lucky Cement Co slipped 0.6 per cent to TWD313.093m in March 2019 from TWD314.84m in March 2018. January-March 2019 In the January-March 2... |
PT Semen Indonesia sees 10% revenue rise in 201803 April 2019, Published under Cement NewsPT Semen Indonesia increased revenues by 10.3 per cent YoY to IDR30.688trn in 2018 from IDR27,814trn in 2017. The company’s consolidated sales volume reached 33.153Mt, including the sales from Thang Long Cement in Vietnam. Export sales from its Indonesian production base advanced 68.7 per cent to 3.157Mt when compared with 1.871Mt in 2017. The Indonesian cement producer saw its cost of revenue advance by 7.6 per cent to IDR21.357trn when compared with IDR19.854trn in the previous year. ... |
Cementir02 April 2019, Published under Cement NewsCementir Holding's adjusted turnover in 2018 improved by 4.9 per cent YoY to EUR1196.2m and EBITDA advanced by 7.1 per cent to EUR238.5m, while the trading profit showed a nine per cent improvement to EUR153.2m. Net debt at the end of 2018 was 53 per cent lower at EUR255.4m when compared with the year-ago period, largely thanks to the sale of Cementir Italia to HeidelbergCement, while purchasing an additional 38.75 per cent of Lehigh White Cement Co, taking its stake to 63.25 per cent. Gr... |
InterCement02 April 2019, Published under Cement NewsArgentina's Loma Negra, part of InterCement, generated a 7.9 per cent YoY increase in turnover to the equivalent of US$789m, helped by a favourable pricing environment in Argentina. When compared to the year-ago period, in 2018 the turnover improved by 1.9 per cent in Argentina and by 24.2 per cent in Paraguay. EBITDA advanced by 14.5 per cent to US$220m, with the margin improving to 26.6 per cent. over the same period. Net financial costs increased, with the year end debt amounting to US$81... |
HeidelbergCement02 April 2019, Published under Cement NewsWith a turnover advancing by 4.7 per cent to EUR18.074.6m, EBITDA came off by 6.8 per cent to EUR3074.1m and the trading profit was 9.3 per cent lower at EUR1983.7m in 2018 when compared with 2017. However, over the same period the net financial charge was 12.3 per cent lower at EUR366.7m, giving a pretax profit was 4.5 per cent higher at EUR1764.5m. The tax charge was 19.9 per cent lower at 464.1m. After a reduced loss from discontinued activities of EUR14.2m and minorities 1.9 per cent hig... |