Cement News tagged under: business results
Cementos Yura sees advance in 2Q domestic and export sales23 August 2022, Published under Cement NewsCementos Yura, Peru, increased domestic cement dispatches by 12 per cent YoY in the 2Q22. In addition, export sales advanced by 22 per cent YoY in the 2Q22 on the back of higher exports to Chile. The company increased its clinker production in the 2Q22 by 35.8 per cent when compared to the year-ago period as cement demand increased and its inventory recovered. |
UNACEM sees contracting 2Q profit margin23 August 2022, Published under Cement NewsPeru-based UNACEM reported a consolidated net profit of PEN110.8m (US$26.7m), up 25.8 per cent YoY, as the company’s revenues increased and interest expenses fell. However, the cost of sales was higher than expected, impacting YoY profit margins. UNACEM’s consolidated revenues reached PEN1429.6m, up 19.8 per cent YoY as cement sales volumes increased in Peru (+13.8 per cent) and the USA (+15.7 per cent) while ready-mix sales volumes were up 54 per cent in Chile and by 34 per cent in the USA... |
FLSmidth increases cement order intake by 8% in 2Q2219 August 2022, Published under Cement NewsFLSmidth’s cement order intake increased eight per cent organically in the 2Q22, as a result of improved underlying performance and improved market conditions. The quarter included one large product order, valued at more than DKK400m (US$54.28m). Consolidated group order intake advanced 20 per cent organically with currency tailwinds supporting order intake in the quarter by eight per cent. Cement revenue increased 12 per cent organically, driven mainly by the increase in service reve... |
JK Cement sees 33% increase in revenue19 August 2022, Published under Cement NewsIndia’s JK Cement has reported revenue from operations of INR21,664m (US$271.5m) in the quarter ended 30 June 2022. This compares to INR16,336m in the same period a year earlier. Net profit over the same period has fallen from INR2082.6m to INR1811.4m. Total expenses in the quarter ended 30 June 2022 came in at INR19,179m, versus INR13,557m in the comparable period in 2021, with power and fuel expenses rising from INR2994m to INR4856m. The company’s operating margin in the quarter e... |
Loma Negra posts 8% increase in 2Q revenues15 August 2022, Published under Cement NewsArgentina-based Loma Negra , part of InterCement do Brasil SA , reported an eight per cent YoY increase in net sales revenues to ARS25,268m in the second quarter of 2022. The company attributes the improved turnover to an increase in cement sales and a good performance in other segments, particularly in concrete and aggregates. Furthermore, the company achieved a 2.6 per cent YoY uptick in consolidated adjusted EBITDA to ARS7328m, but the consolidated adjusted EBITDA margin contracted 15... |
Asia Cement reports TWD4458m net profit in 2Q2215 August 2022, Published under Cement NewsTaiwan’s Asia Cement Corp posted revenues of TWD24,488m (US$816.3m) in the second quarter of 2022, up 9.2 per cent when compared with the 2Q21. Pretax profit came in at TWD5620m in the period under review, down 17.4 per cent from TWD6805m in the year-ago period. The company also saw a net profit of TWD4458m in the 2Q22, representing a 1.3 per cent decrease when compared with the 2Q21, when net profit reached TWD4515m. |
Fujairah Cement sees narrowing 2Q loss12 August 2022, Published under Cement NewsUAE-based Fujairah Cement Industries Co reported a loss of -AED14.2m (US$3.86m) in the second quarter of 2022, an improved result when compared with a loss of -AED21.1m in the equivalent quarter of the previous year. Second-quarter revenues came in at AED88.7m, down from AED90.8m in the 2Q21. |
Sumitomo Osaka Cement reports JPY1bn loss12 August 2022, Published under Cement NewsJapan-based Sumitomo Osaka Cement Co Ltd reported a 1QFY22-23 revenue of JPY45.5bn (US$337.4m), up from JPY43.78bn in the 1QFY21-22. The company posted an operating loss of JPY3.15bn in the 1QFY22-23, in contrast to a 1QFY21-22 operating profit of JPY2.92bn. There was a pretax loss of JPY2.8bn, when compared with a pretax profit of JPY3.99bn in the equivalent quarter of the previous financial year. In terms of net profit, Sumitomo Osaka Cement Co Ltd saw a loss of JPY1.11bn when compared ... |
Keerthi Industries reports revenue fall12 August 2022, Published under Cement NewsIndia-based Keerthi Industries Ltd, formerly Suvarna Cements Ltd, has reported unaudited revenue of INR571.67m (US$7.2m) in the quarter ended 30 June 2022, compared to INR714.18m in the same period a year earlier. Although total expenses over that period have fallen from INR622.71m to INR554.25m, power and fuel costs expanded from INR230.08m to INR290.74m, and cost of materials jumped from INR79.91m to INR86.82m. Profit for the quarter ended 30 June 2022 came in at INR18.12m, considerably... |
Tokyo Cement Co (Lanka) sees 76% increase in 2Q revenues11 August 2022, Published under Cement NewsTokyo Cement (Co) Lanka plc posted a 76 per cent YoY increase in revenues to LKR11,442m (US$31.8m) in the three months ended 30 June 2022 (2QFY22-23). In the equivalent quarter of the previous year revenues stood at LKR6503m. The company’s gross profit increased by 285 per cent YoY to LKR3299m in the 2QFY22-23 when compared with LKR856.6m in the year-ago period. Profit before interest and taxation was up 272 per cent YoY to LKR2256m from LKR606.3m. However, finance expenses of LKR2224m... |