Cement News tagged under: business results
Raysut Cement records 27% revenue increase in 201814 January 2019, Published under Cement NewsOman’s Raysut Cement Co has announced its unaudited consolidated results for 2018, recording a 26.6 per cent YoY rise in revenue to OMR90.98m (US$236.6m) from OMR71.9m last year. However, the company noted a 28.5 per cent fall in profit after tax to OMR4.16m, compared with OMR5.81m of the year-ago period. |
Steppe Cement sees revenue up 32% in 201811 January 2019, Published under Cement NewsSteppe Cement Ltd reported 2018 revenue of KZT28.34bn (US$75.4m), up 32 per cent YoY. The Kazakhstan cement producer had cement volumes of 1.7Mt, a rise of six per cent while the average cement price rose by 25 per cent YoY to KZT16,480/t. Steppe Cement's market share increased to 17.5 per cent, while the company's exports rose by 50 per cent to 146,000t. Despite this positive set of results, cement consumption in Kazakhstan fell by four per cent to 8.8Mt last year. |
VICEM targets further growth in 201908 January 2019, Published under Cement NewsVietnam Cement industry Corp (VICEM) has reported a 10 per cent YoY increase in revenue to VND37trn (US$1.59bn) for 2018. The company also saw an 11 per cent rise in pretax profit to VND2.8trn. VICEM expects to push this even further by reaching a revenue of VND40trn in 2019. According to Bùi Hồng Minh, general director of VICEM, pretax profit is expected to hit VND3.2trn in the year ahead. To achieve these goals, the company will produce and consume 31Mt of coal. It will also invest in ... |
Semen Baturaja records 24% sales increase07 January 2019, Published under Cement NewsIndonesia’s PT Semen Baturaja (SMBR) has recorded a 24 per cent YoY increase in sales to 2.17Mt in 2018, compared to 1.76Mt of the previous year. Jobi Triananda Hasjim, company president, noted that it surpassed the average growth of the country’s industry by five per cent in 2018. "The growth of SMBR sales volume this year is one of the highest in the industry sector," said Mr Hasjim. In December 2018, the company’s cement sales surged 22 per cent to 220,737t compared to the year-ago per... |
Rostsement reports RUB20,000 net profit for 201807 January 2019, Published under Cement NewsRostsement saw its revenues increase by 25.6 per cent to RUB49.79m (US$738,982) in 2017 when compared with 2016, when the company reported revenues of RUB39.63m. The Russia-based cement producer turned a net loss of RUB2.26m in 2016 to a profit of RUB20,000 by the end of 2018, according to Info-RL. Cost of goods sold increased by 18.51 per cent to RUB49.09m from RUB41.42m in 2016. Gross profit reached RUB704,000, a considerable improvement on the previous year’s loss of RUB1.79m. Rostsem... |
LafargeHolcim03 January 2019, Published under Cement NewsThe 39.9 per cent-owned LafargeHolcim associate Huaxin Cement is investing US$245m in a contract to build a new production line for Holcim Philippines at the latter’s Davao works. The project includes a 6000tpd clinker production line, a waste heat recovery unit as well as upgrades to an existing 3000tpd production line. Meanwhile, the group's subsidiary Bamburi Cement, which operates in Kenya and Uganda, is expecting its net profit to fall by more than 25 per cent to its lowest level in ... |
CCNN reports 43% revenue increase for 9M1819 December 2018, Published under Cement NewsNigeria’s CCNN has reported a 43.2 per cent YoY increase in revenue for the nine months ended 30 September 2018, rising to NGN19.57bn (US$53.9m) from NGN13.63bn in the year-ago period. Profit after tax rose 97 per cent to NGN4.01bn from NGN2.04bn. In the 3Q18 revenue advanced 46.3 per cent to NGN7.49bn, compared with NGN5.12bn seen in the 3Q17. Post-tax profit was up 39.7 per cent YoY at NGN1.41bn from NGN1.01bn. |
MI Cement sees 33% revenue rise in FY17-1817 December 2018, Published under Cement NewsBangladesh's MI Cement Factory reported a 33 per cent rise in revenue in FY17-18, compared to the previous financial year, supported by new capacity and market expansion. The company's total revenue reached BDT12.56bn (US$150m) in FY17-18, up from BDT9.44bn in the previous financial year. However, MI Cement's net profit fell by more than 52 per cent YoY to BDT315.6m on the back of rising administrative costs of selling and distribution. "The cost of goods sold (COGS) has increased by 39.... |
Bamburi Cement issues profit warning for 201807 December 2018, Published under Cement NewsKenya’s Bamburi Cement has issued a profit warning for the financial year ended December 2018, with investors expecting the company's lowest earnings in 10 years, according to Business Daily. "The Board of Directors (the "Board") of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment on the unaudited consolidated management accounts, the 2018 full year earnings of the Group are expected to decrease by more than 25 ... |
Titan04 December 2018, Published under Cement NewsTitan's turnover declined by 1.8 per cent to EUR1101.9m in the first nine months of 2018 and EBITDA were down by 8.2 per cent to EUR196.9m, while in the third quarter EBITDA were ahead by 3.2 per cent to EUR74.7m. The pretax profit advanced by 11.5 per cent to EUR65.9m and the net attributable profit recovered strongly, rising by 51.8 per cent to EUR50.2m. Net debt at the end of September was 3.4 per cent higher than a year earlier at EUR784m. The nine months’ capital expenditure was reduce... |