Cement News tagged under: business results
National Cement Co makes net loss of EGP744m before tax31 May 2018, Published under Cement NewsNational Cement Co of Egypt recorded a net loss of EGP744m (US$41.5m) before taxes during the first nine months of fiscal year 2017-18, compared to a loss of EGP615.6m in fiscal year 2016-17. The company's financial indicators showed a total loss of EGP486.1m during the same period of the current fiscal year, compared to EGP422.9m in the nine months of the previous year. The company attributed the loss to production difficulties and the poor condition of the kiln. Meanwhile, the A... |
Semen Indonesia30 May 2018, Published under Cement NewsApril 2018 saw Semen Indonesia record a 7.1 per cent YoY increase in sales. Domestic sales for the month came in at 2,114,578t, which along with exports of 279,945t, brought total sales to 2,394,523t, compared to 2,234,869t in the same period a year earlier. During the same month, Thang Long Cement JSC (TLCC), Semen Indonesia’s Vietnamese subsidiary, saw its domestic sales advance by 3.1 per cent YoY to 179,050, while its exports leapt 107.6 per cent to 91,149t. This took total group sales t... |
Cementos Argos30 May 2018, Published under Cement NewsIn the opening quarter of 2018, Cementos Argos reported an 8.2 per cent fall in revenue to COP1.9trn (US$670m), versus COP2.7trn in 1Q17. Over the same period EBITDA improved by 31.2 per cent to COP371bn while adjusted EBITDA were up two per cent at COP300bn. The quarter saw consolidated cement and ready-mixed concrete (RMC) volumes decline with cement volumes falling from 3.8Mt in 1Q17 to 3.7Mt in the same period this year, marking a contraction of 4.1 per cent. RMC volumes decreased 7.... |
PT Indocement30 May 2018, Published under Cement NewsIn the opening quarter of 2018, PT Indocement’s net revenue advanced by 1.9 per cent to IDR3439bn (US$244m), compared to the same period a year earlier. However, gross profit fell by 15.2 per cent YoY from IDR1163bn to IDR986bn. As a result, basic earnings per share contracted from IDR133.53 in 1Q17 to IDR71.79 in the same quarter this year. According to the Indonesian Cement Association, cement sales in the country grew by 6.6 per cent YoY to 15.7Mt in the first quarter of this year. Mar... |
Anhui Conch30 May 2018, Published under Cement NewsThe first quarter of 2018 saw Anhui Conch improve its revenue by 37.59 per cent YoY to CNY18,766m (US$2943m), mainly due to an increase in selling prices. Over the same period, operating profit advanced by 120.55 per cent to CNY6191m and total profit came in at CNY6311m, up 114.9 per cent. Net profit in the first three months of 2018 stood at CNY4902m, an uptick of 114.9 per cent YoY, giving a net profit attributable to shareholders’ of CNY4778m, an increase of 121.9 per cent YoY. Basic e... |
Prism Cement reports 13% net sales increase in 4QFY1830 May 2018, Published under Cement NewsIndia’s Prism Cement Ltd has reported a 13.4 per cent YoY increase in net sales to INR16.14bn (US$238.94m) for the 4QFY18. EBITDA surged 40.3 per cent to INR1.69bn, while its EBITDA margin expanded to 10.6 per cent. However, profit after tax decreased 10.6 per cent to INR627m. The cement sector saw sales volume growth to 1.7Mt in the quarter, according to India Infoline. EBITDA/t increased to INR819/t from INR580/t of the year-ago period. |
Burnpur Cement announces net loss in FY1830 May 2018, Published under Cement NewsIndia’s Burnpur Cement reported a INR39.5m (US$585,316) net loss in the quarter ending 31 March 2018, improving from the INR233.1m net loss of the year-ago period. Furthermore, sales increased 419.8 per cent to INR186.1m from INR35.8m. In the full-year FY18 period, the company recorded a INR444.9m net loss (FY17: INR597.7m). However, sales decreased 43.4 per cent to INR420.6m (FY17: INR743.4m). |
TCL announces TTD49m operating loss in 201730 May 2018, Published under Cement NewsTrinidad Cement Ltd (TCL) has announced its results for the full-year 2017 period, reporting an operating loss of TTD49m (US$7.26m) on the back of unprecedented storms in its eastern Caribbean markets and the economic downturn in Trinidad and Tobago. "These factors led to a decrease in revenue by nine per cent on a year-to-year basis compared to TTD1.7bn from 2016. Jamaica was an exception for TCL and continues to display robust economic growth, driving higher demand for our products in th... |
India Cements reports 56% slide in FY17-18 profits29 May 2018, Published under Cement NewsIndia Cements Ltd reported a 56 per cent fall in net profits for the year ending 31 March 2018. Consolidated net profit decreased to INR707.2m, down from INR1.631bn in the previous financial year. Revenues dropped by seven per cent from INR58.802bn in FY16-17 to INR54.567bn one year later. India Cements Vice-Chairman and Managing Director, N Srinivasan, attributed the slide in profits to a reduction of INR200/t in cement prices and higher fuel, energy and other production costs. Ho... |
Lafarge Malaysia expect to 'break even' despite poor 1Q18 results29 May 2018, Published under Cement NewsLafarge Malaysia recorded its fifth consecutive quarter of net losses for the period ended 31 March this year, on weaker demand and higher competition, coupled with the increase in coal and petcoke prices. The fall in revenue was attributable to the lower sales recorded in the cement business – the biggest revenue contributor for the group at 85 per cent – due to soft market demand, increased industry capacity and pricing pressures. Lafarge Malaysia's CFO, Michael Lim Yoke Tuan, said, th... |