Cement News tagged under: business results
Adelaide Brighton records net profit increase in 1H1822 August 2018, Published under Cement NewsAustralia's Adelaide Brighton has posted a 17.7 per cent YoY increase in net profit to AUD84.5m (US$62m) in the 1H18. Revenue saw a rise of 11.7 per cent to AUD807.2m, on the back of strong markets in New South Wales, Queensland and Victoria. "It's really pleasing to deliver record half-year financial results and dividends for our shareholders. Revenue, EBIT, net profit, cash flow and dividends were all first-half records," said Martin Brydon, CEO, Adelaide Brighton. The company expect... |
Lukavac Cement reports 11% net profit decrease in 1H1822 August 2018, Published under Cement NewsBosnia and Herzegovina's Lukavac Cement has reported a 11.1 per cent YoY fall in its 1H18 net profit, decreasing to BAM3.2m (US$1.9m) from BAM3.6m. Operating income dropped 2.7 per cent to BAM27.9m in the first half of the year, while operating costs decreased 3.4 per cent to BAM24.2m. |
Bestway Cement records profits of PKR13.157bn21 August 2018, Published under Cement NewsBestway Cement Ltd (BCL) has recorded a profit of PKR13.157bn (US$107.2m), down by one per cent YoY, in the fiscal year ended 30 June 2018. According to financial results received by Pakistan Stock Exchange (PSX) on 17 August 2018, the company announced an interim cash dividend of PKR0.3/share. No bonus or right shares were announced. The company's net sales increased to PKR77.11bn from PKR71.44bn in the same period a year ago. It incurred a distribution cost of PKR1.62bn against PKR1.5... |
Saurashtra announces rise in 3Q sales but drop in 3Q profit20 August 2018, Published under Cement NewsSaurashtra Cement reported a 78.4 per cent decline in its net profit to INR49.3m (US$706,959) in the quarter ended June 2018 from INR228.2m in the year-ago period. Sales advanced 20.8 per cent to INR1.68m in the April-June 2018 period. In April-June 2017 sales reached INR1.391bn. |
Cementos Argos 1H results impacted by challenging Colombian market20 August 2018, Published under Cement NewsCementos Argos released its 2Q18 results this week with revenues up by 1.4 per cent at COP2.184trn (US$726bn) from COP2.154trn in 2Q17. The 1H18 revenue amounted to COP4.092trn, down from COP4.231trn in 1H17, a fall of 3.3 per cent. EBITDA and net income were affected by the US$24m fine imposed by the Superintendence and Commerce in Colombia. 2Q18 EBITDA amounted to COP328bn, down 11.2 per cent on the COP370bn of 2Q17. Adjusted EBITDA, excluding the fine reached COP404bn in 2Q18, was up 5.9 ... |
Cementarnica Usje's net profit falls 13% in 1H1817 August 2018, Published under Cement NewsThe consolidated net profit of Macedonian building materials producer Cementarnica Usje, part of the Titan Cement group, fell by 13 per cent YoY to MKD432.5m (US$8m) in the first half of 2018, the company said on Thursday. Cementarnica Usje's operating revenue fell nine per cent YoY to MKD1.96bn in the first six months of the year, according to data from its interim financial statement. The company's domestic market sales revenue dropped four per cent to MKD1.28bn, while sales abroad decli... |
Attock Cement achieves PKR4.40bn net profit in FY1816 August 2018, Published under Cement NewsThe Attock Cement company has announced its FY18 annual financial results, which shows its profit after tax at PKR4.40bn (US$35.8m) as compared to PKR3.03bn in the same period last year. It translates a growth of 45 per cent in profit YoY basis. Net sales of the company during FY18 have increased by 15 per cent YoY to PKR16.884bn, mainly achieved on account of impressive growth trend witnessed in local sales and impact of fresh capacity worth 1.24Mt resolving capacity constraints, an analy... |
Burnpur Cement reports net loss of INR441m in Apr-Jun quarter16 August 2018, Published under Cement NewsIndia’s Burnpur Cement reported a net loss of INR44.1m (US$0.629) in the quarter ended 30 June 2018. In the year-ago period the cement producer saw a net loss of INR334.2m. Burner’s sales reached INR195.9m in the April-June quarter. |
Gulf Cement Q2 profit falls 38%15 August 2018, Published under Cement NewsUAE cement producer Gulf Cement reported a 38.2 per cent fall in net profit attributable to shareholders to AED8.4m (US$2.29m) in the 2Q18 when compared with AED13.6m in the year-ago quarter. Total operating revenues during the second quarter decreased to AED108.8m, down 25.9 per cent from AED146.9m in 2Q17. |
Argos sees 2Q profit slide but notes improved 1H net income14 August 2018, Published under Cement NewsColombia's cement market leader, Cementos Argos, saw revenues advance by 1.4 per cent to COP2.184trn (US$727m) in the 2Q18 from COP2.154trn in the year-ago period. Operating EBITDA fell by 11.2 per cent to COP328.3bn in 2Q18 when compared with COPCOP369.7bn in April-June 2017. In addition, Cementos Argos reported a 59.7 per cent drop in net profit to COP29.4bn in the April-June 2018 quarter, when compared to 2Q17. The company attributed the decline to a deceleration of construction markets... |