Cement News tagged under: business results
Star Cement records 45% rise in net profit13 November 2018, Published under Cement NewsIndia’s Star Cement Ltd has reported a 28.7 per cent YoY rise in net sales to INR3.62bn (US$49.98m) for the 2QFY18-19 ended 30 September, from INR2.81bn of the year-ago period. Net profit advanced 45.4 per cent to INR381.7m from INR262.6m. In the first six months of the FY18-19, net sales increased 20.2 per cent YoY to INR8.81bn. However, net profit fell 4.6 per cent to INR1.29bn, compared with INR1.35bn of the 1H17-18. |
Gulf Cement 9M profit down13 November 2018, Published under Cement NewsUAE-based Gulf Cement reported a 9.3 per cent fall in revenues in the 9M18 to AED371.7m (US$101.2m) from AED409.8m in the year-ago period. Net profit fell 95 per cent from AED33.1m in the 9M17 to AED1.6m in the first nine months of 2018. The company attributed the decline in its net profit due to rising coal and gas prices. In addition, increased supply to the market resulted in falling selling prices. |
Fujairah Cement Industries (FCI) sees fall in profit13 November 2018, Published under Cement NewsFujairah Cement Industries (FCI) saw its third-quarter profits fall by 95 per cent to AED0.3m (US$ 81,688) in the 3Q18, a sharp drop from AED6.2m reported in the year-ago period. In the January-September period, FCI reported profits of AED12.2m, down 55 per cent from AED27.1m in the 9M17. Earlier this year, the company had posted 1H profits of AED11.9m, representing a 43 per cent YoY drop. |
Titan is looking to move its main quote to Brussels and the management to Cyprus12 November 2018, Published under Cement NewsIn the first nine months of 2018,Titan's turnover declined by 1.8 per cent to EUR1101.9m and EBITDA was down by 8.2 per cent to EUR196.9m, while in the third quarter EBITDA was 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 in the 9M18. Net debt at the end of September was 3.4 per cent higher than a year earlier at EUR784m. The nine months' capital expenditure w... |
Eagle Cement sees 6% rise in 9M net profit12 November 2018, Published under Cement NewsEagle Cement Corp reported in the 9M18 net sales of PHP12.2bn (US$229.2m), up nine per cent YoY from PHP11.2bn in the 9M17. Strong sales and stable prices supported the rise in net sales. Net profit of the Philippine cement producer advanced by six per cent to PHP3.5bn from PHP3.3bn in the year-ago period. Despite higher input costs, EBITDA rose by three per cent while margins increased by 42 per cent. "We remain aggressive and committed in growing our company organically as we are lev... |
India Cements reports 94% YoY drop in net profit12 November 2018, Published under Cement NewsIndia Cements posted a net profit of INR14.3m for the 2QFY18-19, ended 30 September 2018. This represents a 94 per cent fall when compared with a net profit of INR23.67m in the same quarter of the previous year. However, total income rose by 9.1 per cent at INR13.908bn in the second quarter of the 2018-19 financial year. In 2QFY17-18, total income reached INR12.749bn. |
Cementir benefits from the consolidation of US activities09 November 2018, Published under Cement NewsCementir's turnover for the first nine months of 2018 rose by 4.8 per cent to a restated EUR893.18m thanks to the full consolidation of Lehigh White Cement from the second quarter of this year and a higher Asia-Pacific turnover, but the eastern Mediterranean contribution was lower. EBITDA improved by 5.2 per cent to EUR163m and the trading was ahead by 6.2 per cent to EUR106.4m. After a net financial profit of EUR32.4m compared with a charge of EUR10.8m, the pretax profit jumped by 107.5 per... |
Loma Negra reports 47% 3Q revenue growth09 November 2018, Published under Cement NewsArgentina-based Loma Negra has posted a net revenue of ARS6.131m (US$192m), up 47.2 per cent YoY in the third quarter of 2018. The company has attributed the increase to growth in its cement, masonry and lime business in Paraguay and its concrete operations in Argentina. In Argentina the company’s cement, masonry and lime reported a 41.5 per cent increase in net revenues due to a favourable pricing environment. In terms of consolidated adjusted EBITDA, gains of 69 per cent were made YoY ... |
Taiwan Cement Corp sees 40% revenue hike in October09 November 2018, Published under Cement NewsTaiwan Cement Corp reported a 40.1 per cent surge in revenues in October to TWD11.753bn (US$381.9m) from TWD8.388bn in October 2017. Revenues advanced by 31.1 per cent to TWD101.411bn in the first 10 months of 2018 when compared with January-October 2017 revenues of TWD77.339bn. |
Lucky Cement sees 16% YoY rise in October revenues09 November 2018, Published under Cement NewsTaiwan-based Lucky Cement posted a 15.6 per cent YoY increase in revenues to TWD300.24m (US$9.6m) in October 2018 from TWD259.826m in the year-ago period. Revenues fell by 3.2 per cent to TWD2.761bn between January-October 2018 from TWD2.853bn in 10M17. |