Cement News tagged under: business results
Southern Province Cement reports fall in 2018 profit11 March 2019, Published under Cement NewsSaudi cement producer Southern Province Cement Co reported a xx per cent drop in its net profit (after tax and zakat) to SAR195m (US$52m) in 2018 from SAR370m the previous year. Sales fell from SAR1.06bn in 2017 to SAR888m in 2018 as sales prices decreased. |
Raysut Cement's production rises 14% in FY1808 March 2019, Published under Cement NewsRaysut Cement Co of Oman has released consolidated financial statements for the year ended 31 December 2018, reporting that it produced 3.398Mt of clinker and 3.326Mt of cement against 2.967Mt of clinker and 2.913Mt of cement, respectively in 2017. The overall production of clinker is higher YoY by 14.5 per cent and cement by 14.2 per cent, respectively. According to the report, out of total production, the parent company produced 2.051Mt of clinker and 2.11Mt of cement at its Sal... |
Cementarnica Usje announces fall in 2018 net profit08 March 2019, Published under Cement NewsMacedonia’s Cementarnica Usje has reported a four per cent fall in non-consolidated net profit to MKD1bn (US$18.4m) in 2018. The company’s total operating revenue remained fairly consistent YoY at MKD4.59bn, compared with MKD4.58bn in 2017. Domestic market sales increased three per cent YoY to MKD2.9bn, while foreign sales declined three per cent to MKD1.5bn. The company’s operating expenses advanced four per cent to MKD3.47bn during the period. |
Loma Negra reports rise in net revenue08 March 2019, Published under Cement NewsArgentina’s Loma Negra has reported a 7.9 per cent YoY increase in net revenue to ARS26,807m (US$789m) in 2018, compared with ARS24,839m of the previous year. Adjusted EBITDA climbed 14.5 per cent to ARS7121m, while the EBITDA margin rose from 25 per cent to 26.6 per cent. "During 2018 cement demand in Argentina turned much weaker in the second half of the year resulting in a 2.6 per cent year-on-year decline for the year as a whole. Looking into 2019, we expect the negative cycle that sta... |
Lucky Cement revenues slip 15% in February08 March 2019, Published under Cement NewsTaiwan-based Lucky Cement report revenues in February of TWD168.065m (US$5.4m), down 14.9 per cent when compared with TWD197.481m in February 2018. Revenues in the first two months of 2019 remained largely stable at TWD521.254m when compared with TWD517.821m in January-February 2018. |
LafargeHolcim reports positive 201807 March 2019, Published under Cement NewsLafargeHolcim has announced that its net sales increased 5.1 per cent on a like-for-like basis to CHF27,466m (US$27,344m) for 2018. Recurring EBITDA finished at CHF6016m, up 3.6 per cent like-for-like for the full-year period, after a positive performance by the company’s cement, aggregates and ready-mix concrete segments. Net income advanced 10.8 per cent YoY to CHF1569m, compared with CHF1417m of 2017. Group sales of cement rose 4.4 per cent like-for-like at 221.9Mt, while aggregates show... |
Eagle Cement records net profit increase in 201807 March 2019, Published under Cement NewsPhilippines-based Eagle Cement Corp has recorded a 13 per cent YoY rise in net profit to PHP4.8bn (US$91.98m) in 2018, on the back of a double-digit expansion in sales volume. Net sales advanced 11 per cent YoY to PHP16.5bn for the full-year period. In the 4Q18, the company’s net income surged 36 per cent YoY to PHP1.3bn while sales increased 19 per cent to a quarterly record of PHP4.3bn. "While we are faced with challenges in the industry, we remain steadfast to expand the company to ... |
Suez Cement returns to profitability in 201807 March 2019, Published under Cement NewsEgypt’s Suez Cement reported a net profit of EGP121.43m (US$6.95m) in its full-year 2018 consolidated results, compared with a loss of EGP1.13bn in the previous year. Sales increased 14.9 per cent YoY to EGP7.42bn from EGP6.46bn. The company’s standalone profit also increased to EGP199.86m for 2018, against a loss of EGP441.79m in 2017. |
City Cement reports 19% profit increase for 201805 March 2019, Published under Cement NewsSaudi Arabia’s City Cement Co has noted an 18.9 per cent YoY rise in net profit to SAR111m (US$29.58m) for 2018, compared with SAR93.3m of the previous year. The increase was supported by a reduction in sales costs and raising operational efficiency, while the company also reported the final settlement with the main contractor, Sinoma International Engineering Co, for its second production line. In the final quarter of 2018, its profits climbed 229.8 per cent to SAR78.58m from SAR23.83m o... |
Cementir04 March 2019, Published under Cement NewsCementir Holding's adjusted turnover in 2018 improved by 4.9 per cent 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, largely thanks to the sale of Cementir Italia to HeidelbergCement, while purchasing an additional 38.75 per cent of Lehigh White Cement Company, taking its stake to 63.25 per cent. Group shipments of grey and white cement... |