Cement News tagged under: business results
Chinese producers expect significant rise in 1H18 net profit10 July 2018, Published under Cement NewsChina’s Huaxin Cement has announced that it expects 1H18 net profit to rise 179-192 per cent YoY, compared to CNY728m (US$109.94m) of the year-ago period, according to Reuters. Elsewhere in the country, Jiangxi Wannianqing Cement has also announced that it expects a significant surge of 440-490 per cent YoY in net profit for the period. |
PSP Engineering announces 38% sales increase in 201709 July 2018, Published under Cement NewsPSP Engineering, a major Czech turnkey supplier, has announced a 38 per cent YoY rise in sales to CZK616m (US$28m) in 2017. The company’s profit surged 192.5 per cent to CZK11.7m, compared to CZK4m of the previous year, according to its annual report. Sales of equipment for cement plants and crushing and grinding machinery contributed 27 and 26 per cent, respectively. Sales in the Hungarian market advanced six per cent YoY, accounting for 16 per cent of PSP’s turnover, said Mykola Narevy... |
Saudi cement sector expected to record revenue decline in 2Q1803 July 2018, Published under Cement NewsSaudi Arabia’s cement sector is expected to record a fall in revenue in the 2Q18, according to Al Rajhi Capital. The companies monitored by Al Rajhi are expected to announce a revenue decline of around six per cent YoY for the period, while earnings could decrease by approximately 10 per cent. The sector’s sales volume fell 16.7 per cent in the first two months of the second quarter. Across the country, 15 companies have recorded a decline in sales volume, led by Riyadh Cement (-44.1 per c... |
Votorantim02 July 2018, Published under Cement NewsVotorantim generated a turnover 11.4 per cent higher at BRL2456m (US$639m) during the first quarter of 2018, while EBITDA advanced by 1.9 per cent to BRL1901m (US$495m). At the trading level, the loss was reduced by 52.5 per cent to BRL37.3m (US$7.1m), while the pretax profit was 17.8 per cent lower at BRL254.9m (US$66.3m) and the net attributable loss increased by 12.6 per cent to BRL288.7m (US$75.1m). The cement turnover advanced by 13.6 per cent to account for 75.3 per cent of the tot... |
PPC28 June 2018, Published under Cement NewsIn its results for the year ended 31 March 2018, PPC reported a seven per cent increase in revenue to ZAR10,271m (US$750.8m), compared to ZAR9641m in the previous year. Gross profit improved from ZAR2282m to ZAR2347m over the same period, while EBITDA slipped nine per cent to ZAR1.9bn. Much of the growth in revenue is attributed to a strong performance by Rwanda and Zimbabwe. PPC saw its volumes in Rwanda jump 20 per cent over the 12-month period, while volumes and prices in Zimbabwe were... |
Semen Indonesia28 June 2018, Published under Cement NewsSemen Indonesia is hoping to boost sales across the country by using an e-commerce platform. The move comes as the company announced a 4.5 per cent contraction in domestic sales in the opening quarter of 2018, falling from 2.38Mt in 1Q17 to 2.27Mt. Intense competition from new arrivals has forced established producers such as Semen Indonesia to lower their prices. It’s not only prices that have been affected by the new arrivals. The gap between cement production and demand in Indonesia a... |
Sephaku Cement reports 25% fall in net profits28 June 2018, Published under Cement NewsSephaku Cement (Dangote group) reported a 35 per cent slump in net profit to ZAR44m (US$31.7m) on a one per cent decline in revenue to ZAR831m for the year to end-March. "We experienced a challenging operating year as competition in the ready-mix concrete segment intensified characterised by lower volumes and marginal improvement in pricing," Sephaku CEO, Lelau Mohuba, said in the results statement. "The scenario was much more positive on the cement front with improved industry annual pric... |
Cementir sets out plans in the run-up to 202027 June 2018, Published under Cement NewsIn the company's 2018-20 business plan, Francesco Caltagirone Jr, chairman and CEO of Cementir, vowed to generate more value for shareholders, presenting his vision for the next two years. Cementir's revenue is expected to grow by 5.5 per cent between 2017 and 2020, with a target set at EUR1.34bn in 2020. EBITDA is expected to rise by 6.6 per cent to EUR270m from EUR223m in 2017. To improve profitability and efficiency in all areas, the company would continues its drive to rationalise pro... |
China Shanshui Cement Group posts CNY14.92bn turnover26 June 2018, Published under Cement NewsChina Shanshui Cement Group has posted a turnover of CNY14.92bn for FY17. The figure represents a 32.2 per cent advance when compared with FY16, when the company’s turnover reached CNY11.28bn. Attributable profit for the period reached CNY767.9m, from a loss CNY738.3m in FY16. |
PPC expects profit increase in FY1818 June 2018, Published under Cement NewsSouth Africa’s PPC expects its net profit attributable to shareholders to increase between 55-65 per cent for the financial year ended 31 March, compared with ZAR93m (US$6.9m) of the previous year. However, the group’s EBITDA from operations is expected to decline by 5-12 per cent YoY. "Group EBITDA has been negatively impacted by costs related to corporate action, restructuring and separation costs, which were communicated previously. Excluding this impact and the fluctuation in exchange... |