Cement News tagged under: business results
Cementir's 1H18 cement and clinker sales fall to 4.9Mt27 July 2018, Published under Cement NewsCementir Holding's sales volumes of cement and clinker in 1H18, equal to 4.9Mt, were essentially unchanged compared to the 1H17, despite the change in the scope of consolidation. On a like-for-like basis, sales of cement and clinker dropped (-3.8 per cent) due to the worse performance of Egypt and Turkey, which suffered slowdowns in the second quarter because of June elections and Ramadan. EBITDA was EUR96m, up 9.5 per cent on EUR87.7m in the 1H17. Sales volumes of ready-mixed concrete, 2.... |
Cemex's net sales rise by 7% in 2Q1827 July 2018, Published under Cement NewsCemex's net sales increased by seven per cent during the 2Q18 to US$3.8bn versus 2Q17. Operating EBITDA increaed by four per cent during 2Q18 to US$714m versus 2Q17. Cemex's CEO, Fernando A Gonzalez, said: "We are encouraged by the very favourable dynamics we saw in most of our portfolio during the quarter, with improvements in pricing which should translate into higher profitability during the second half of the year. Our operations in the US and Europe indicate a strong sequential growth ... |
Cemex Latam Holding sees net sales fall 8% in 2Q1827 July 2018, Published under Cement NewsCemex Latam Holdings (CLH) reports consolidated net sales of US$280m during the 2Q18, eight per cent lower than in 2Q17, while operating EBITDA reached US$62m, 19 per cent lower than in 2Q17. In the 2Q18 domestic grey cement, ready-mix and aggregates volumes fell by eight, 14 and 12 per cent, respectively, compared to results in 2Q17. Meanwhile, consolidated prices in US-dollar terms increased by three per cent for cement, by one per cent for ready-mix and remained flat for aggregates. Jam... |
Titan's 1H18 net profit rises 78.3% but turnover declines 7%26 July 2018, Published under Cement NewsTitan Cement Group's 1H18 results showed a mixed performance with consolidated turnover reaching EUR712.5m, down EUR61.3m or 14 per cent on 1H17. Titan cited the strength of the euro against the dollar and other currencies as having a negative impact of EUR10m on group EBITDA. Still, net profits after tax amounted to EUR24.8m, up from EUR13.9m in 1H17. Turnover in 2Q18 was disappointing at reaching EUR390m compared to EUR412m in 2Q17. EBITDA in 2Q18 reached EUR78.7m, down 13.5 per cent on... |
Siam Cement's 2Q18 profits down 6%26 July 2018, Published under Cement NewsSiam Cement posted a six per cent drop in second-quarter profit on Wednesday, hurt by weak seasonal cement demand and its chemical business. Revenue from the cement and building materials business increased five per cent to THB44.6bn (US$1.34bn) due to demand from Vietnam, Indonesia and the Philippines but was held back by weak demand in Thailand. Profit came in at THB12.4bn for the three months ended June, compared with THB13.2bn a year earlier. Siam Cement's revenue rose 11 per cent i... |
Ambuja reports 27% rise in standalone net profit26 July 2018, Published under Cement NewsIndia’s Ambuja Cement has reported a 27.3 per cent YoY increase in standalone net profit for the quarter ended 30 June, rising to INR4.99bn (US$72.62m) from INR3.92bn. Net sales advanced 3.9 per cent to INR29.27bn, compared to INR28.17bn of the year-ago period. "Ambuja is well positioned to benefit from the upsurge in rural demand and the encouraging external environment," said Ajay Kapur, managing director and CEO, Ambuja Cement. However, the company has recorded a 5.1 per cent fall i... |
Dangote Cement25 July 2018, Published under Cement NewsDangote Cement has reported a “very strong” first half of 2018, driven by an excellent recovery in Nigeria where sales volumes increased by nearly 14 per cent YoY to 7.8Mt and revenues rose by more than 18 per cent to NGN344.1bn (US$952m). The company’s total cement sales volume for the six months came in at 12,362,000t, up 7.4 per cent on the same period last year. Total revenue over the same period improved by 16.9 per cent to NGN482.4bn, while EBITDA advanced by 20.8 per cent to NGN246bn ... |
Semen Indonesia25 July 2018, Published under Cement NewsJune saw Semen Indonesia sell 1,571,763t of cement, down 13.7 per cent YoY, according to figures from the Indonesia Cement Association. Its Vietnamese subsidiary, Than Long Cement Company (TLCC), added a further 215,928t taking the group’s total sales for the month to 1,787,692t, a decline of 10.3 per cent YoY. Semen Indonesia’s domestic sales during the month contracted by 16.7 per cent to 1,283,695t while exports advanced by 2.8 per cent to 287,798t. Meanwhile, TLCC’s domestic sales fell 2... |
Anhui Conch25 July 2018, Published under Cement NewsAnhui Conch has issued a positive profit alert for the six months ended 30 June 2018. The group expects to record a YoY increase in its net profit attributable to equity holders of approximately CNY5373m to CNY6717m, representing an improvement of at least 80 per cent. The increase is being mainly attributed to a significant rise in the selling price of the company’s products along with a YoY uptick in revenue over the same period. The group’s full results are due to be published at th... |
UltraTech Cement25 July 2018, Published under Cement NewsIn the quarter ended 30 June 2018, UltraTech Cement saw its net sales advance to INR88.41bn (US$1286m), up 27 per cent on the corresponding quarter a year earlier. Profit before interest depreciation and tax fell over the same period from INR17.98bn to INR17.63bn. Sales volume grew by 34 per cent and, despite a hike in fuel prices, the company recorded an operating EBITDA of INR929/t, compared to INR922/t in the same quarter a year ago. The three-month period also saw the company approve... |