Cement News tagged under: business results
Pioneer Cement and DG Khan Cement report profit falls in 1HFY1927 February 2019, Published under Cement NewsTwo more leading cement companies of Pakistan announced their financial results for 1HFY19 (July-December 2018) to the Pakistan Stock Exchange (PSX). DG Khan Cement Co Ltd (DGKC) and Pioneer Cement Ltd (PCL) reported falls in profit despite increased cement sales due to the negative impact of the devaluation of the Pakistani rupee, amid higher coal prices and other factors during this period. DG Khan Cement While announcing its financial results for the half-year ended 31 December 201... |
Caribbean Cement records JMD2.5bn profit27 February 2019, Published under Cement NewsJamaica's Caribbean Cement Co set a record profit of JMD2.47bn (US$18.89m) in its last financial year. Sales by the cement producer rose six per cent to JMD17.5bn, while its net profit more than doubled from JMD1.1bn to JMD2.47bn. The results follow the restructuring of inventory and manpower and other efficiency measures, as well as investments in the plant at Rockfort, Kingston, reports The Gleaner. "The year 2018 marked the beginning of a period of stability for the company," Caribbean ... |
Gharibwal Cement profit shrinks by 21% in 1HFY1927 February 2019, Published under Cement NewsGharibwal Cement Ltd (GCL) declared a net profit of PKR593m (US$4.28m) for the half year ended 31 December 2018, down by 21.2 per cent YoY, as compared to PKR752m earned in the same period last year. GCL informed the Pakistan Stock Exchange (PSX) that net sales of GCL during 1HFY18-19 slightly increased to PKR5.505bn from PKR 5.478bn during this period. The company's administrative expenses edge up to PKR197m against PKR193m in the same period last year. It also incurred a higher distribu... |
Dewan Cement profit contracts by 40.29% in 1HFY1926 February 2019, Published under Cement NewsDewan Cement Ltd (DCL) has announced its financial results for the half year ended 31 December 2018. It declared net profits of PKR328m (US$2.74m), representing a decrease of 40.29 per cent YoY, as compared to PKR550m earned in the same period last year. Imran Ahmad Jawed, CFO of DCL, informed the Pakistan Stock Exchange (PSX) that the company's net sales edged up to PKR6.466bn from PKR6.457 during this period. It incurred a higher distribution cost of PKR111m against PKR106m in the same ... |
Umm Al-Qura Cement sees 15% drop in 2018 revenues26 February 2019, Published under Cement NewsUmm Al-Qura Cement Co reported a fall in sales of -14.9 per cent to SAR164.4m (US$43.8m) in 2018 when compared to sales of SAR193.2m in 2017. Total profit decreased by 32.3 per cent from SAR71.9m in 2017 to SAR49.6m in 2018 while net profit after zakat and tax declined 84.6 per cent to SAR10m in 2018 when compared with SAR65.6m in the year-ago period. |
Bestway Cement earns higher profit in 1HFY1925 February 2019, Published under Cement NewsBestway Cement Ltd (BCL) has announced its financial results for the half year ended 31 December 2018. BCL declared earnings of net profit of PKR6.88bn (US$49.7), increased by 11.07 per cent YoY, as compared to PKR 6.19bn earned in the same period last year. Muhammad Irfan Anwar Sheikh, Bestway Cement's director and CFO, has informed the Pakistan Stock Exchange (PSX) that net sales of BCL during the 1HFY18-19 increased to PKR40.34bn from PKR38.44bn during this period. It incurred a hi... |
Fecto Cement profit shrinks by 53.75 per cent in 1HFY1925 February 2019, Published under Cement NewsFecto Cement Ltd (FCL) has announced its financial results for the half year ended 31 December 2018 today. It declared earning of net profit of PKR105m (US$0.75m) decreased by 53.75 per cent YoY, as compared to PKR227m earned in the same period last year. FCL informed the Pakistan Stock Exchange (PSX) that net sales of the company during the half year 2018-19 slightly increased to PKR 2.483bn from PKR 2.470bn during this period. It incurred higher administrative expenses of PKR143m agains... |
Cementos Argos' revenues slip in 201821 February 2019, Published under Cement NewsCementos Argos has posted its full-year 2018 results and reported that cement and ready-mix volumes fell in 4Q18 by three and seven per cent, respectively. The company pointed to unfavourable weather conditions in the USA and higher electricity and fuel costs in Colombia that were only partially offset by stronger sales in the Caribbean. Full-year 2018 results Cement volumes in 2018 slipped to 16.02Mt from 16.19Mt in 2017, down -1.1 per cent. Ready-mix volumes for the full year 2018 v... |
Caribbean Cement earns revenues of US$131m in 201821 February 2019, Published under Cement NewsCaribbean Cement reported an improved financial performance in 2018 compared to 2017. Revenue earned for 2018 was JMD17.6bn (US$130.8m), representing an increase of six per cent YoY. Profit before taxation for 2018 was JMD3.3bn, an increase of 118 per cent over the JMD1.5bn reached in the previous year. Net profit after tax for the period amounted to JMD2.5bn from JMD1.1bn in 2017. Caribbean Cement terminated the lease with parent company Trinidad Cement in April 2018 with the acquisition... |
Sungshin Cement reports 33% rise in net profit in 201821 February 2019, Published under Cement NewsSouth Korea-based Sungshin Cement Co reported its preliminary and unaudited results for 2018. The company saw a 6.3 per cent increase in revenues to KRW688.12bn (US$611.4m) in 2018 from KRW647.19bn in the previous year. However, the company’s operating profits slipped by 6.7 per cent from KRW32.8bn in 2017 to KRW30.61bn one year later. Its net profit rose 32.6 per cent from KRW12.12bn in 2017 to KRW16.07bn. |