Cement News tagged under: business results
Cementos Polpaico swings into black in 9M1826 November 2018, Published under Cement NewsChile-based Cementos Polpaico has reported revenues of CLP121.321bn (US$ 179.8m) in January-September 2018, representing a 25.9 per cent YoY increase. In addition, the company has achieved a rise in net profits to CLP3.15bn, a considerable improvement when compared with losses of CLP2.281bn in the previous-year period. In a year, the cement producer renewed its brand image and presented a new corporate image that is part of its development strategy following the entry of the Hurtado Vi... |
PPC reports 8% rise in 1H revenues23 November 2018, Published under Cement NewsPPC posted an eight per cent increase in 1HFY18-19 revenues to ZAR5.597bn (US$403.9m) on the back of strong growth in the rest of Africa as the company’s performance in its domestic market of South Africa remains weak. Gross profit fell by 17 per cent to ZAR1.103bn in the six months ending 30 September 2018 from ZAR1.329bn in 1HFY17 while operating profit fell 34 per cent to ZAR507m. However, foreign exchange gains of ZAR38 and investment income of ZAR62m were unable to offset finance cost... |
Ecocem pretax profit declines 38%22 November 2018, Published under Cement NewsSlag cement producer Ecocem Materials Ltd reported a rise in turnover of 9.4 per cent in 2017 to EUR79.4m (US$90.5m) from EUR72.6m in the previous year. Pretax profit decreased by 37.5 per cent to EUR2.5m last year from EUR4m in 2016. Costs increased by nearly 12 per cent YoY to EUR76.5m from EUR68.6m while the company paid EUR335,000 in interest, a sharp rise when compared with EUR147,821m paid the previous year. Earlier this year the company opened a new plant in Dunkerque , northwest... |
Lafarge Malaysia records 3Q18 net loss of MYR109m21 November 2018, Published under Cement NewsLafarge Malaysia recorded a net loss in 3Q18 of MYR109.28m (US$26m) down 160 per cent from MYR42.01m in 3Q17. Revenue fell by 14 per cent YoY to MYR495.1m in 3Q18. The decline in earnings was down to lower cement sale and higher operating expenditure. Higher energy prices, as well as the lower production output and timing of the scheduled plant maintenance put pressure on costs. "The decrease was due to the soft market demand and continuing domestic pricing pressures," said Lafarge Malay... |
Anjani Portland records 15% net sales increase16 November 2018, Published under Cement NewsIndia’s Anjani Portland Cement has reported a 15 per cent increase in net sales to INR1.05bn during the 2QFY18-19 ended 30 September, rising from INR912.9m of the year-ago period. However, net profit has fallen 51.6 per cent YoY to INR32.3m from INR66.8m. In the first six months of the fiscal year, net sales advanced 12.2 per cent to INR2.07bn. Whereas net profit declined 33.6 per cent to finish at INR92.6m, compared with INR139.5m of the 1HFY17-18. |
Cementos Argos reports 13% rise in 3Q net income15 November 2018, Published under Cement NewsCementos Argos revenues edged up 1.1 per cent to COP2218bn (US$692.6m) in the third quarter of 2018 from COP2194bn in the 3Q17. In terms of sales volumes, the company increased its cement sales by 2.2 per cent to 4.242Mt and ready-mix concrete (RMC) volumes by 1.3 per cent to 2.699Mm 3 in the quarter, reflecting improved dynamics in all regions. The company's EBITDA increased 4.3 per cent YoY to COP425bn from COP407bn in the year-ago period while the EBITDA margin improved to 19.2 per cen... |
Sephaku Cement looks to cost-cutting measures despite net profit rise15 November 2018, Published under Cement NewsSephaku Holdings is embarking on a cost-reduction programme to reduce head office expenses over the next year. The initiative is in response to the current declining demand due to the depressed macro-economic performance. Initially, the board of directors have been cut from 10 to seven by not replacing Mpho Makwana, Rose Raisibe Matiju and Kennet Capes who resigned their positions recently. Sephaku Holdings has already posted an improved six-month performance to September, helped by it... |
JK Lakshmi reports 41% fall in net profit15 November 2018, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a 41 per cent YoY fall in net profit for the 2QFY18-19 ended 30 September, to INR78.1m (US$1.08m) from INR132.3m. However, total income rose 9.2 per cent to INR8.66bn, compared to INR7.93bn of the year-ago period. The company also recorded production and sales growth of 13 per cent in the second quarter. |
Mangalam Cement records 22% income increase15 November 2018, Published under Cement NewsIndia-based Mangalam Cement Ltd has announced a 22.4 per cent YoY increase in total income to INR2.91bn (US$40.3m) for the 2QFY18-19, rising from INR2.38bn. Net profit advanced 191.8 per cent to INR31.25m from INR10.71m in the year-ago period. In the six-month period ended 30 September, total income was up 3.2 per cent YoY at INR5.5bn. However, the company also recorded a net loss of INR121m in the 1HFY18-19. |
Kuwait Portland Cement reports KWD7.8m in 9M profit14 November 2018, Published under Cement NewsKuwait Portland Cement has posted a net profit of KWD2.4m (US$7.9m) in 3Q18, down 23.1 per cent when compared with KWD3.12 in 3Q17, according to a company statement on the Kuwaiti stock exchange. For the 9M18, profits fell 4.5 per cent to KWD7.82m from KWD8.19m in the year-ago period. Operating profits fell five per cent YoY to KWD5.4m. |