Cement News tagged under: business results
Ramco Cements records 15% revenue increase30 January 2019, Published under Cement NewsIndia’s Ramco Cements Ltd has announced an 18 per cent fall in net profit to INR1.01bn (US$14.18m) for the quarter ending 31 December 2018, compared with INR1.23bn recorded in the year-ago period. Meanwhile, the company’s revenue increased 15 per cent to INR12.17bn on the back of higher cement sales in the domestic market, which rose 19.9 per cent YoY to 2.689Mt. In the 9MFY18-19, net profit declined 23.7 per cent YoY to INR3.41bn from INR4.47bn. However, revenue was up 14.6 per cent to I... |
Qassim Cement reports 52% decline in net profit29 January 2019, Published under Cement NewsSaudi Arabia’s Qassim Cement Co has reported a 52 per cent fall in net profit to SAR120.8m (US$32.21m) in 2018, compared to SAR251.8m of the previous year. Sales for the year also declined 32 per cent YoY to SAR425.7m from SAR625.9m. The net profit results have been attributed to a decrease in sales volume and value, driven by a lower demand of cement and intense competition, according to Reuters. |
Akmenes Cementas records 18.9% surge in revenue28 January 2019, Published under Cement NewsLithuania’s Akmenes Cementas saw an 18.9 per cent rise in revenue to EUR67.3m in 2018, compared to EUR56.6m in the previous year. The volume of cement sales also increased 12 per cent YoY to 1.167Mt from 1.041Mt. "The rise in revenue came from the volumes of cement sold. Of course, the prices grew, and our costs also increased. We have a number of challenges, including energy, fuel, and also wages will affect our final result," stated Arturas Zaremba, director general, in an interview wit... |
Cemento Polpaico reports CLP2.1bn loss in 201828 January 2019, Published under Cement NewsChilean cement producer Cemento Polpaico, in which the Hurtado Vicuña family holds the controlling stake, has reported net losses of CLP2.139bn (US$3.2m) in 2018, exacerbating net losses of CLP1.043bn m noted the previous year. The company revenues increased 23.1 per cent YoY to CLP166.549bn in 2018 from CLP135.326bn in 2017. However, while gross profits increased 29.9 per cent to CLP55.23bn, “Other profits/losses” noted a loss of CLP9.869bn. In addition, the company also faced relatively h... |
UltraTech increases net profits to INR92.6m in 3QFY1925 January 2019, Published under Cement NewsUltraTech reported net sales of INR92,580m (US$1.299bn) in 3QFY19 up 19 per cent from INR77,790m in 3QFY19. Profits before interest, depreciation and tax was INR15,480m, up from INR14,940m in the corresponding period a year earlier. The company saw domestic sales volume rise by 15 per cent over 3QFY18, but higher fuel and energy costs, along with rupee depreciation resulted in costs increasing by 11 per cent on 3QFY18. UltraTech has fully integrated the 21.2Mta cement capacity acquired i... |
Qatar National Cement profits rise 6% in 201825 January 2019, Published under Cement NewsIn a filing to the Qatar Stock Exchange, Qatar National Cement reported a 53.4 per cent YoY increase in fourth-quarter profits to QAR129.03m (US$35.4m) and a 6.4 per cent YoY rise to QAR347.83m for the full year of 2018. The company saw profits fall to QAR218.8m in 3Q18 from QAR242.8m in 3Q2017. |
Carthage Cement revenues up 37% in 201824 January 2019, Published under Cement NewsCarthage Cement reported a turnover of TND237.2m (US$79.6m) in 2018, an increase of 37 per cent when compared with a turnover of TND173m in 2017. Clinker output rose by 13 per cent YoY in 2018. Revenues from clinker exports reached TND47m in 2018, representing 20 per cent of the Tunisia-based company’s overall sales and more than off-setting the loss of cement exports due to Algerian government restrictions. In addition, the cement producer was also able to shave off three per cent of its... |
Shree Cement records 21% revenue increase23 January 2019, Published under Cement NewsIndia's Shree Cement has announced that its net profit fell 10 per cent YoY in the third quarter of FY18-19 ended 31 December, declining to INR3.01bn (US$42.28m) from INR3.33bn of the year-ago period. However, the company’s revenue advanced 21 per cent to INR27.81bn compared with INR23.02bn of the 3QFY17-18. EBITDA grew 25 per cent YoY to INR7.1bn from INR5.7bn, while the operating margin saw a slight increase to 25.6 per cent from 24.7 per cent of the same quarter last year. Shree Cement... |
Profit of Attock Cement falls in 6MFY1922 January 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has announced earnings of PKR816.79m (US$5.8m) for the half year ended December 2018, a fall of 29 per cent YoY, as compared to PKR1.152bn earned in the same period last year. Company net sales increased by to PKR10.63bn from PKR7.36bn during this period. Distribution cost of PKR749.39m were incurred against PKR279.18m in the same period last year. The administrative expenses stood at PKR252.11m compared to PKR241.74m incurred in the same period last y... |
Burnpur Cement reports 61% revenue increase18 January 2019, Published under Cement NewsIndia’s Burnpur Cement has reported a standalone net loss of INR38.6m (US$542,446) during the third quarter of FY18-19 ended 31 December, widening from INR33.4m a year earlier. However, net revenue rose 60.8 per cent YoY to INR235.5m compared with INR146.5m of the 3QFY17-18. Operating profit fell 1.9 per cent to INR10.2m in the quarter, with the operating profit margin contracting 38.8 per cent YoY. Meanwhile, operating expenses surged by 65.4 per cent in the third quarter to INR225.3m fr... |