Cement News tagged under: business results
Fauji Cement Pakistan profits increase in 3QFY1818 April 2018, Published under Cement NewsFauji Cement Company Ltd (FCCL) saw a 28 per cent YoY increase in net profit to PKR854m (US$7.3m) in 3QFY18 from PKR669m, earned in same quarter last year, according the company's filing to the Pakistan Stock Exchange (PSX). Revenues remained flat at PKR5.6bn, as lower retention prices diluted the impact of growth of 11 per cent in local dispatches and 99 per cent YoY in exports. However, cost of sales came down significantly by nine per cent YoY, due to a reduction in clinker purchases af... |
Attock Cement Pakistan profit falls in 3QFY 1817 April 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) 3QFY18 financial results saw a decline in net profit to PKR674m (US$5.8m) from PKR860m (US$7.41m), earned in same quarter last year. This represents a profit fall by 22 per cent YoY. Its net sales increased to PKR4.57bn from PKR4.01bn during this period. The company incurred a distribution cost of PKR271m against PKR219m in 3QFY17. The administrative expenses stood at PKR135m compared to PKR128m in 3QFY17. Finance cost increased to PKR74m during 3QFY18... |
Yamama Cement announces 53% profit fall in the 1Q1817 April 2018, Published under Cement NewsSaudi Arabia-based Yamama Cement Co has announced a 53 per cent YoY fall in profit to SAR23.8m (US$6.35m) in the 1Q18. The producer attributed the decrease in profit to a drop in demand and a decline in other revenues, according to its statement to the Saudi Stock Exchange. However, Yamama Cement’s profit was a 40.7 per cent increase upon the result of the previous quarter. |
East Africa Portland Cement Co suffers operational issues16 April 2018, Published under Cement NewsEast African Portland Cement Company (EAPCC) has experienced operational challenges over the last two months, according to The East African. Amongst the issues faced by the company was a production halt, salary delay and a low supply of cement stock. This follows its net loss widening by almost four times to US$9.6m in the 2H17, as a result of low revenues. The results for the full-year period ending June 2017 saw a loss of US$14.71m, compared to a US$41.45m profit in the year-ago period.... |
Dyckerhoff Cement Ukraine posts UAH316m loss in 201716 April 2018, Published under Cement NewsPJSC Dyckerhoff Cement Ukraine reported a net loss of UAH316m (US$12.01m) in 2017, according to Interfax. Compared with 2016, the uncovered loss reached UAH1.34bn, which represents a 53 per cent increase YoY. Total debtor indebtedness rose by 14 per cent YoY to UAH106.7m, long-term liabilities by 11 per cent to UAH1.8bn, current liabilities more than halved, to UAH407m. However, the company also increased its assets by 15 per cent to UAH2.3bn. Dyckerhoff Cement Ukraine was founded in 1... |
Raysut Cement records 8% increase in revenue13 April 2018, Published under Cement NewsOman’s Raysut Cement Co has announced a 8.2 per cent YoY increase in revenue for the first quarter of the financial year, to OMR21m (US$54.62m) from OMR19.4m. However, total profit attributable to shareholders has fallen 85 per cent to OMR450,149, compared to OMR3.1m of the year-ago period. While sales volumes increased approximately 32 per cent during the period, a lower sales realisation adversely affected gross profit, according to Reuters. |
Quinn Industrial Holdings records positive 201712 April 2018, Published under Cement NewsQuinn Industrial Holdings (QIH) has recorded a 7.4 per cent YoY increase in turnover to EUR209m for the full-year 2017 period. EBITDA saw a significant improvement of 31 per cent, from EUR18.2m to EUR23.9m. The positive results have been partly attributed to a strong performance from Quinn Building Products, which benefitted from the ongoing building recovery in the ROI and stronger exports to the UK via its new cement export hub at Warrenpoint, according to a press release. Liam McCa... |
Lafarge Africa records sales increase in 201711 April 2018, Published under Cement NewsA NGN33bn (US$105m) write-down on Lafarge Africa’s operations in South Africa and Nigeria resulted in a wider loss for 2017, according to Reuters. The one-off impairment charge resulted in a pretax loss of NGN34.03bn, a 32.9 per cent fall from the loss of the previous year. However, the company’s chief financial officer, Bruno Bayet, said that he expected 2018 to bring growth and that Lafarge Africa’s sales rose 36 per cent last year. "The operations in Nigeria are still very robust and w... |
OJSC Holcim (Azerbaijan) records net profit in 201710 April 2018, Published under Cement NewsOJSC Holcim (Azerbaijan) returned to profit within the full-year 2017 period, recording a net profit of AZN1.7m (US$1m). The proceeds from cement sales increased 37.1 per cent YoY, to AZN107m from AZN77.9m. Furthermore, the operating profit of the company tripled to AZN15.8m, according to Turan Information Agency. The shareholders have not decided on the profit distribution. As of 1 January 2018, the company has AZN87.8m of undistributed profit. |
TCK reports 13% increase in operating revenue05 April 2018, Published under Cement NewsBosnian cement producer Tvornica Cementa Kakanj (TCK) recorded a 10.2 per cent YoY decrease in net profit for 2017, falling to BAM15.9m (US$10m) from BAM17.7m. However, the company’s operating revenue increased 12.7 per cent to finish at BAM70.2m, according to its annual financial report. Similarly, operating costs rose 13.1 per cent to BAM54.2m (2016: BAM47.1m). TCK is majority-owned by CEEM Investment, which is part of HeidelbergCement. |