Cement News tagged under: business results
Arabian Cement posts 24% revenue increase in 201826 March 2019, Published under Cement NewsEgypt-based Arabian Cement Co, a subsidiary of Spain’s Grupo Bertolin, posted a 23.6 per cent YoY increase in revenue to EUR168m in 2018. Meanwhile, net profit also advanced 7.4 per cent to EUR11.9m for the year. The results show that, despite a depreciation in the Egyptian pound, Arabian Cement has remained profitable. It distributed over EUR10m in dividends in 2018. |
Cementos Argos dispatched 16Mt of cement in 201825 March 2019, Published under Cement NewsCementos Argos has released its financial figures and strategic milestones of 2018 during the shareholders' annual meeting. Cementos Argos reported a consolidated EBITDA of COP1.54bn (US$491.7m) and a growth of eight per cent. The company dispatched 16Mt of cement and 10.3Mm 3 of concrete generating income of COP8.4bn. Net income was COP178.563m in 2018. Regional summaries US cement dispatches in 2018 amounted to 5.7Mt, while concrete dispatches reached 7Mm 3 . This raised US$1.5bn inco... |
Cement Hranice records 10% sales rise in 201825 March 2019, Published under Cement NewsCzech Republic-based Cement Hranice (Buzzi Unicem group) saw its sales rise 10 per cent YoY in 2018 to CZK1.697bn (US$74.59m). Profit increased 15 per cent to CZK513m, compared with CZK443m of the previous year. "A positive contribution to the increase in sales came mainly from the boom of construction in the Czech Republic and from higher supplies to Poland," said Roman Michalcik, board member. The majority of its cement output was sold domestically, generating CZK1.229bn, while exports... |
HeidelbergCement considers further portfolio optimisation22 March 2019, Published under Cement NewsDr Bernd Scheifele, chairman of HeidelbergCement Group, reflected positively on the group's full year 2018 results and its prospects for 2019. HeidelbergCement's revenue rose by five per cent to EUR18.1bn from EUR17.3 in FY17, even though it was impaired by negative currency effects of EUR592m. Adjusted for currency and consolidation effects, revenue increased by eight per cent. The cash flow also developed positively in 2018. HeidelbergCement generated sufficient cash to pay a full divi... |
Titan Group records turnover of EUR1.4bn in FY1821 March 2019, Published under Cement NewsTitan Group recorded consolidated turnover for 2018 at EUR1490.1m, recording a marginal one per cent decline compared to 2017. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by five per cent to EUR259.7m. Group net profit after minority interests and the provision for taxes reached EUR53.8m, posting a 26 per cent increase compared to 2017. In 4Q18 group turnover increased by 7.5 per cent reaching EUR388.2m and EBITDA increased by 6.6 per cent to EUR6... |
HeidelbergCement's operating line makes progress21 March 2019, Published under Cement NewsFinancial guidance for 2019 is for 'solid' or 'moderate' growth in Heidelberg Cement's revenue, EBITDA and EPS, and 'significant' net debt reduction (depending on which report you read). The group's management expects volume increases in all business lines, a tail-wind from energy cost inflation, and further margin improvement from the EUR100m SG&A cost cutting programme, reports Bernstein. HeidelbergCement reported earnings per share (EPS) grew by 25 per cent to EUR5.76 on EBIT grow... |
Northern Region Cement posts 75% profit fall in 201821 March 2019, Published under Cement NewsSaudi cement producer Northern Region Cement saw a 75 per cent drop in its net profits to SAR13.09m (US$3.5m) in 2018 from SAR52.95m in the previous year, according to data published on the Saudi Stock Exchange. The company attributed the fall to strong competition in Saudi Arabia and Jordan, which put downward pressure on prices. In the fourth quarter of 2018, profits declined to SAR13.33m from SAR15.41m in the 4Q17, according to Mubasher. In the 3Q18 the company reported a 60.4 per cen... |
Eastern Province Cement reports 35% fall in net profit20 March 2019, Published under Cement NewsSaudi Arabia’s Eastern Province Cement Co has reported a 34.6 per cent YoY profit decline after zakat and tax, falling to SAR70m (US$18.66m) from SAR107m of 2017. The company attributed the decrease to a drop in sales of cement, precast concrete and higher zakat provisions, according to a statement to the country’s stock exchange. In the 4Q18 profit surged 225 per cent YoY to SAR26m, compared to SAR8m of the previous year. |
China Tianrui full-year profit 21% up in 201818 March 2019, Published under Cement NewsChina Tianrui Group Cement reported a 21 per cent increase in profits to CNY1.21bn in 2018 when compared with CNY1bn the previous year. The company’s revenues were up 19.5 per cent from CNY8.42bn in 2017 to CNY10.06bn in 2018. |
Sinai Cement records improvement in 201812 March 2019, Published under Cement NewsEgypt’s Sinai Cement has reported that its standalone loss has narrowed by 13.7 per cent YoY in 2018 to EGP305.89m (US$17.56m), compared to EGP354.73m in the previous year. The improvement has been attributed to investment revenue and lower expenses, as well as collecting credit interests. However, revenue declined 37.7 per cent to EGP803.68m from EGP1.29bn. The company noted that cement consumption in Egypt fell five per cent in 2018. |