Cement News tagged under: business results
Adelaide Brighton posts 1% fall in net profit in 201801 March 2019, Published under Cement NewsAustralian cement producer Adelaide Brighton posted a 1.4 per cent decline in net profit to AUD185.3m (US$131.5m) in 2018 as cement margins declined and slower growth in South Australia and Western Australia offset strong demand in New South Wales and Victoria. “East coast construction markets were strong in 2018, South Australia and the Northern Territory were flat and Western Australia was down, while lime demand from the resources sector was stable,” Adelaide Brighton’s CEO, Nick Miller... |
Misr Beni Suef and Alexandria Cement report improved results in 201801 March 2019, Published under Cement NewsEgypt-based cement companies Misr Beni Suef Cement and Alexandria Cement have posted improved results in 2018. Misr Beni Suef Cement posted net profits of EGP241.491m (US$13.8m) in 2018, more than twice its net profits of EGP110.616m announced in 2017. Alexandria Cement reported a reduction in its consolidated net loss in 2018, which fell to EGP394.166m from EGP513.934m in 2017. Stand-alone losses also decreased to EGP251.976m in 2018 to EGP401.794m in the previous year. |
EAPC sees 6M loss widen in 201801 March 2019, Published under Cement NewsKenyan cement producer East African Portland Cement reported a KES1.2bn (US$12m) loss for the half-year ending 31 December 2018, compared with a KES970m loss in the prior-year period. Sales revenue fell by 55 per cent to KES1.3bn. The company attributed the widening loss to a difficult business environment with increasing input prices, the sluggish market and challenges in its production due to a tight working capital. |
Holcim Philippines reports 5% fall in net profit01 March 2019, Published under Cement NewsHolcim Philippines has reported a five per cent fall in 2018 net profit to PHP2.55bn (US$49.3m), compared with PHP2.69bn of the previous year. However, the company also noted a three per cent YoY rise in net sales to PHP35.62bn. EBITDA in 2018 declined 10 per cent to finish at PHP4.89bn. The profit decrease has been attributed to higher interest expenses from short-term loans to fund its ongoing expansion projects. "In 2018, we faced higher production and financing expenses, but we succe... |
Dandot Cement declares loss of PKR177.51m in 1HFY18-1901 March 2019, Published under Cement NewsDandot Cement Company Ltd (DCCL) has announced its financial results for the half-year ended 31 December 2018. It declared a loss of PKR177.51m (US$1.27m), as compared to loss of PKR320.95m reported in the equivalent period last year. DCCL Company Secretary, Muhammad Kamran, informed the Pakistan Stock Exchange (PSX) that net sales during the 1HFY18-19 slightly increased to PKR741.30m from PKR679.05m during this period. It incurred a higher distribution cost of PKR2.7m against PKR2m in the... |
Argentine hyperinflation costs Cementos Molins EUR11m01 March 2019, Published under Cement NewsSpain-based cement producer Cementos Molins saw a negative effect of EUR11m (US$12.5m) in its business results in 2018 due to the hyperinflation and the devaluation of Argentina, according to Spanish economic and business newspaper Expansión. Its profit fell by four per cent to EUR85m in 2018. The reduction of the Argentine’s subsidiary cash also affected the company’s debt levels, which increased by 22 per cent to EUR179m as a result of lower cash levels and investments made. |
CRH sees 31% hike in group net profit in 201828 February 2019, Published under Cement NewsCRH reported a six per cent increase in sales revenues to EUR26.79bn in 2018 from EUR25.22bn in 2017. The company’s EBITDA advanced seven per cent to EUR3.365bn in 2018 when compared with EUR3.146bn the previous year. Group net profit jumped 31 per cent to EUR2.521bn from EUR1.919bn in the year-ago period. The company attributes the robust results to strong financial discipline with EUR2.4bn operating cash flows from continuing operations and a year-end net debt-EBITDA ratio of over 2.1 t... |
Dangote Cement reports rise in group revenue for 201828 February 2019, Published under Cement NewsNigeria’s Dangote Cement announced a 11.9 per cent YoY rise in group revenue to NGN901.2bn (US$2.48bn) from NGN805.6bn for the full-year 2018 period. The results were driven by a 11.4 per cent increase in Nigerian cement sales to 14.178Mt and a 9.5 per cent higher revenue per tonne for pan-African operations. Group EBITDA advanced 12.1 per cent to NGN435.26bn, compared with NGN388.14 of 2017. Meanwhile, total cement sales were up 7.4 per cent to 23.535Mt. "This is a record financial per... |
PPC27 February 2019, Published under Cement NewsSubdued construction activity in South Africa is being blamed for a fall in sales by PPC in the nine months to December 2018. The company posted a decline in cement volumes of 2-3 per cent YoY over the nine-month period, while the South African market is believed to have contracted by as much as five per cent. PPC is currently campaigning for tariffs to curb the volume of cement imports into the country, which jumped by up to 80 per cent between January to November last year. According to th... |
Cementos Argos27 February 2019, Published under Cement NewsUnfavourable weather has been blamed for a three per cent fall in cement volumes by Cementos Argos in 4Q18. Consolidated cement volumes came in at 3.904Mt during the three-month period, compared to 4.026Mt in 4Q17. Ready-mix volumes also declined, down by seven per cent YoY from 2.567Mm 3 to 2.387Mm 3 . Revenues remained unchanged at COP2.108trn (US$683.9m), while adjusted EBITDA slipped by 5.5 per cent to COP356bn with a 16.9 per cent margin. According to the company, along with heavy rain... |