Cement News tagged under: business results
SCG announces 7% increase in revenue25 October 2018, Published under Cement NewsThailand’s Siam Cement Group (SCG) has announced a seven per cent YoY increase in revenue to THB361bn (US$10.95bn) for the first nine months of 2018. However, profits fell 19 per cent to THB34.3bn mainly due to reduced performance in the chemicals business and asset impairments in the third quarter. The company’s revenue from exports advanced seven per cent to THB97.9bn in the 9M18, accounting for 27 per cent of total revenue. "The year-to-date contraction was as result of rising raw mater... |
Ambuja Cement records 13% net profit rise for 3Q1825 October 2018, Published under Cement NewsIndia’s Ambuja Cement has announced a 12.7 per cent YoY increase in consolidated net profit to INR3.96bn (US$54.08m) for the 3Q18, ended 30 September. Total income rose by 11.8 per cent to INR60.97bn, compared to INR54.51bn of the year-ago period. Net profit was supported by an 8.7 per cent growth in cement sales volumes to 5.46Mt from 5.02Mt. "Our continued focus on growing the topline with our well-defined marketing and commercial strategies focusing on the retail consumers, value adde... |
Dewan Cement reports fall in profit 1QFY1925 October 2018, Published under Cement NewsPakistan's Dewan Cement Ltd (DCL) on 25 October announced that it earned PKR184m (US$1.37m) in 1QFY19, down by 24.8 per cent YoY, as compared to PKR245m reported in the same period last year. According to DCL's notification to Pakistan Stock Exchange (PSX), company sales during the quarter declined by 2.3 per cent YoY to PKR2.91bn from PKR2.98bn of same period last year. The gross profits during the period dropped substantially by 23.41 per cent YoY. The company incurred higher distr... |
Bestway Cement FY1Q19 earnings fall25 October 2018, Published under Cement NewsBestway Cement Lts (BCL) announced its financial results for 1QFY19 on 22 October. It posted earnings of PKR2.25bn (US$16.9m) during this period, down by 24.6 per cent YoY. According to a filing of company to Pakistan Stock Exchange (PSX), its net sales also fell by 6.71 per cent to PKR 17.4bn from PKR18.66bn during this period, on YoY. Domestic cement companies are feeling the effects of the rise in input costs, stemming from higher global coal prices and the domestic impact of the rupe... |
GCC announces 11% sales increase for 9M1824 October 2018, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has recorded an 11.1 per cent YoY increase in sales to US$677.4m for the first nine months of 2018. EBITDA surged 16.3 per cent to US$198.6m in the same period, while its EBIDTA margin reached 29.3 per cent. In the 3Q18 net sales advanced 10.6 per cent YoY to US$278.6m from US$251.9m. EBITDA was also up 9.2 per cent to US$83.6m, compared with US$76.6m of the year-ago period. "GCC's third quarter and nine-month results show continued success in i... |
Kohat Cement reports 1QFY19 earnings drop of 41%24 October 2018, Published under Cement NewsKohat Cement Company Ltd (KOHC) announced its financial results for 1QFY19 by reporting earnings of PKR529m, down by 41 per cent YoY, as compared to PKR903m reported in the same period last year. According to a filing of company to PSX, its sales during the quarter inched up by three per cent YoY to PKR3.52bn, likely due to an increase in cement sales prices against the comparative period. The company incurred higher distribution cost of PKR30m and administrative expenses of PKR7m c... |
Maple Leaf Cement profits fall in 1QFY1924 October 2018, Published under Cement NewsPakistan's Maple Leaf Cement Factory Ltd (MLCF) announced its financial results for 1QFY19 with consolidated earnings falling at PKR587m (US$4.4m), down by 45 per cent YoY, as compared to PKR1073m reported in the same period last year. According to MLCF's notification to Pakistan Stock Exchange (PSX), company sales during the quarter declined by three per cent YoY to PKR5.65bn, likely due to a slowdown in dispatches as a consequence of a halt in development projects by the caretaker gover... |
Dangote reports 15% rise in 9M EBITDA23 October 2018, Published under Cement NewsDangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery.... |
Fauji Cement announces 80% earnings growth23 October 2018, Published under Cement NewsPakistan’s Fauji Cement Co Ltd recorded 79 per cent YoY growth in its gross profit to PKR1.41bn (US$10.61m) for the 1QFY18-19 ended 30 September. Its earnings similarly advanced 80 per cent to PKR801m. Net sales increased 11 per cent to PKR5.34bn, on the back of improved prices during the period, according to a statement to the stock exchange. The improvements in profit have been attributed to a controlled cost structure following the commencement of operation of its second line after hav... |
UltraTech reports 20% increase in net sales22 October 2018, Published under Cement NewsIndia’s UltraTech Cement has reported an 11 per cent YoY decline in its consolidated net profit for the 2QFY18-19 ended 30 September, falling to INR3.76bn (US$51.29m) from INR4.24bn. However, net sales during the quarter rose 20 per cent to INR81.11bn from INR67.52bn on the back of strong cement volume growth, which increased 21 per cent to 15.1Mt. "Domestic sales volumes jumped 21 per cent over 2QFY17-18. However, rising energy and logistics cost coupled with rupee depreciation resulted i... |