Cement News tagged under: business results
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Loma Negra sees 37% drop in net profit in 4Q2108 March 2022, Published under Cement NewsArgentina-based Loma Negra , owned by I ntercement do Brazil SA , reported a 37.4 per cent fall in net profit to ARS2795m (US$25.8m) in the fourth quarter of 2021. Revenues from sales in the 4Q21 declined 3.8 per cent YoY to ARS19,257m, driven by a decrease in cement sales and only partially offset by improved sales in aggregates and the company’s railway business. However, bagged sales remained robust on the back of solid demand from the retail market. Retail demand kept its strong p... |
Yanbu Cement profits drop 43% in 202107 March 2022, Published under Cement NewsYanbu Cement saw its revenue slip to SAR934m (US$249.1m) in 2021 from SAR940m in 2020. As selling prices fell, net profit decreased 43 per cent to SAR160m in 2021 from SAR281m in the previous year, according to a bourse filing. An increase in general and administrative expenses also contributed to the decline in profit. |
Power Cement reports 82% YoY rise in 1H net profit02 March 2022, Published under Cement NewsPower Cement posted a 43.6 per cent increase in revenues to PKR5162m (US$29.1m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR3595m m in the 2QFY20-21. Operating profit saw a 37.3 per cent hike to PKR961m in the 2QFY21-22 from PKR700m in the equivalent period of the previous year. Net profit advanced 96.7 per cent YoY to PKR471m in the 2QFY21-22 from PKR239.4m. Half-year results In the half year ended 31 December 2021, Power Cement saw its revenues increase by 35.7 pe... |
Arabian and Najran Cement take drop in net profits02 March 2022, Published under Cement NewsArabian Cement Co posted revenues of SAR1003m (US$267.5m) in 2021, up 18.5 per cent YoY from SAR871.9m. However, the company saw its net profit after zakat and tax decline by 12.6 per cent to SAR161.5m in 2021 from SAR184.9m in 2020. Meanwhile, Najran Cement Co reported a 6.7 per cent drop in revenues to SAR581.6m in 2021 from SAR623.2m in 2020. Its net profits after zakat and tax fell 17.6 per cent YoY to SAR165.54m in 2021 from SAR200.94m in 2020. |
Dewan Cement returns to profit in 2QFY21-2201 March 2022, Published under Cement NewsPakistan-based Dewan Cement Ltd posted a turnover of PKR4149.6m (US$23.4m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR931.6m in the 2QFY20-21. In the 2QFY21-22, the company achieved an operating profit of PKR68.8m, an improvement when compared with the PKR334.5m loss in the 2QFY20-21. Net profit reached PKR130.7m, up from a loss of PKR266.6m in the equivalent period of the previous year. |
East African Portland Cement narrows half-year loss01 March 2022, Published under Cement NewsKenya-based East African Portland Cement Co , owned by Holcim , has narrowed its half-year loss to KES907.1m (US$8m) in the six months to December 2021 from KES1.035bn in the equivalent period of the previous year. This was achieved despite a decline in the company’s revenues to KES967.7m in the 1HFY21-22 from KES1.4bn in the 1HFY20-21. The company attributed the improved loss result to a cost containment drive. Administration and selling expenses were down by nearly two per cent to KE... |
Misr Beni Suef Cement net profit surges to EGP169m in 202101 March 2022, Published under Cement NewsEgypt-based Misr Beni Suef Cement reported a net profit after tax of EGP169.05m (US$10.8m) for 2021, surging from EGP76.38m in 2020, according to the company’s financial statement filed to the Egyptian stock exchange (EGX). Sales slipped to EGP1.12bn last year from EGP1.19bn in 2020. |
Malayan Cement swings into the black in 2QFY21-2228 February 2022, Published under Cement NewsMalaysia-based cement producer Malayan Cement Berhad reported a surge in revenues to MYR821.045m in the 2QFY21-22 (ending 31 December 2021, up from MYR350.47m in the 2QFY20-21. The company also turned a pretax loss of MYR-6.398m in the 2QFY20-21 to a pretax profit of MYR79.344m in the 2QFY21-22. Net profit in the second quarter reached MYR54.918m, a significant improvement when compared with the equivalent period of the previous year, when the company reported a loss of MYR-4.897m. First... |
Cementos Molins earns revenues of EUR968m in 202125 February 2022, Published under Cement NewsCementos Molins closed 2021 with revenues amounting to EUR968m, up 25 per cent YoY. The gradual economic improvement contributed to spur activity across all countries, with cement and concrete volumes growing by double digits. EBITDA achieved a record EUR242m in 2021, advancing 18 per cent YoY. The strong results improvement is driven by increasing volumes, mix and price management, as well as the positive contribution of operational efficiency plans. Challenges included the huge cos... |
HeidelbergCement reports robust 2021 results despite high energy prices24 February 2022, Published under Cement NewsGermany-based HeidelbergCement posted a 6.3 per cent rise YoY and an eight per cent like-for-like (LfL) rise in revenues to EUR18,720m in 2021 (2020: EUR17,606m). The result from current operations before depreciation and amortisation (RCOBD) was up 4.5 per cent (LfL 5.9 per cent) to EUR3875m when compared with EUR3707m in 2020. The result from current operations (RCO) saw a 10.6 per cent YoY hike and a 12 per cent LfL increase to EUR2614m. The additional ordinary result amounted to EUR4... |