Cement News tagged under: business results
HeidelbergCement releases preliminary guidance for 2021 results01 February 2022, Published under Cement NewsIn the course of the preparation of the consolidated financial statements of HeidelbergCement AG for the FY21, the revenue and results of the HeidelbergCement Group are in part significantly above the published forecast of the company and the current capital market expectations. The capital market expectations are based on the mean value of the latest consensus estimates of financial analysts, compiled by Vara Research on 28 January 2022. Therefore, HeidelbergCement publishes the f... |
Orient Cement sees 3Q profit fall by 19% YoY01 February 2022, Published under Cement NewsCK Birla-owned Orient Cement reported an 18.9 per cent decline in net profit to INR436.7m (US$5.84m) for the third quarter, ended 31 December 2021. In the equivalent quarter of 2020, the company had posted a net profit of INR538.8m, said the company in a filing to the Bombay Stock Exchange (BSE). Orient Cement’s revenue in the 3QFY21-22 edged up 2.1 per cent to INR6.175bn, compared with INR6.046bn in 3QFY20-21. Total expenses increased by 4.6 per cent to INR5.526bn in the 3QFY21-22 fro... |
FLSmidth updates financial guidance for 4Q21 and 2021 performance28 January 2022, Published under Cement NewsFLSmidth updated its preliminary full year 2021 revenue guidance replacing its financial guidance provided on 11 November 2021. This improvement was primarily driven by the Capital business in the 4Q21. Revenue is now estimated at DKK5.1bn (US$763.6m) in the 4Q21 and DKK17.6bn (US$2.63bn) for the full year compared to DKK16-17bn previously forecast. EBITDA margin is forest to reach 6.6 per cent in the 4Q21 and 5.9 per cent in the full year compared to 5-6 per cent in the earlier full ... |
Bizerte reports 18% increase in sales in 202128 January 2022, Published under Cement NewsTunisia-based Les Ciments de Bizerte reported a 17.8 per cent advance in revenues to TND130.8m (US$45.1m) in 2021 from TND111m in 2020. Domestic sales increased by five per cent to TND110.6m from TND105.4m in 2020 while export sales surged from TND5.7m to TND20.2m over the same period. Cement production edged up 2.7 per cent to 673,079t. |
GCC reports favourable performance in 4Q21 and 202127 January 2022, Published under Cement NewsGCC reported a 10.9 per cent YoY advance in consolidated net sales to US$257.9m in the fourth quarter of 2021. EBITDA remained stable at US$83.1m with an 31.5 per cent EBITDA margin. Total cement volumes in the US grew by 5.1 per cent, but excluding oil well cement, they fell 5.5 per cent when compared with the 4Q20. Consolidated sales were further supported by a rise in US cement and ready-mix prices of 11.8 per cent and three per cent, respectively. In Mexico cement and ready-mix volum... |
Ha Tien sees 65% drop in 4Q net profit26 January 2022, Published under Cement NewsHa Tien 1 Cement JSC , in which Vietnam Cement Industry Corp holds a 79.7 per cent stake, reported a 65.4 per cent YoY fall in consolidated net profit to VND53.32bn (US$2.3m) in the 4Q21 due to a decrease in gross profit. The company’s net profit during the quarter declined 8.5 per cent YoY to VND2.02trn. In 2021 the company saw a 39.1 per cent drop in consolidated net profit to VND369.86bn on a net revenue of VND7.06trn, down 11.3 per cent YoY. |
Ramco Cements sees 59% fall in 3Q net profit25 January 2022, Published under Cement NewsIndia-based Ramco Cements Ltd reported a 59 per cent decrease in standalone profit after tax at INR830m for the quarter ended 31 December 2021 (3QFY21-22). In the 3QFY20-21 standalone profit after tax was INR2.01bn. Net revenues for the 3QFY21-22 expanded 16 per cent YoY to INR15.56bn from INR13.45bn in the 3QFY20-21, as cement sales volumes increased 15 per cent to 3.01Mt from 2.61Mt in the year-ago period. But the company said demand was weak due to a range of factors such as the monsoo... |
UltraTech Cement consolidated net sales reach INR127.1bn in 3QFY2218 January 2022, Published under Cement NewsUltraTech Cement reports that its consolidated net sales was INR127.1bn (US$1.71bn) in the 3QFY22 when compared with INR121.4bn over the corresponding period of the previous year. Profit after tax jumped eight per cent to INR17.08bn from INR15.84bn. There is a one-time gain of INR5350m in tax for earlier years. After gaining pace in October 2021, demand slowed substantially in November, 2021 as a result of the construction ban in the NCR, extended monsoons in the south and a few states... |
Steppe Cement sees 16% hike in revenue in 202117 January 2022, Published under Cement NewsKazakh cement producer Steppe Cement saw its revenue increase 16 per cent to KZT36.02bn (US$82.7m) in 2021 as it sold 1,688,544t of cement, up from the 1,645,744t reported in 2020. The company’s domestic market share was 13.9 per cent. Exports fell by 57.2 per cent to 86,500t from 202,000t in 2020. In addition to increased sales volumes, the company was also able to benefit from a 13 per cent increase in average prices (ex-VAT) for delivered cement. In 2021 the average price was KZT21,332/... |
Sika reports 17% growth in 202111 January 2022, Published under Cement NewsSika has recorded sales of CHF9.24bn in 2021 (EUR8.95bn), an YoY uptick of 17.1 per cent in local currencies and 17.3 per cent in CHF. The acquisition effect was two per cent and organic growth amounted to 15.1 per cent. Compared to 2019, the organic gain was 11.9 per cent. Despite lockdowns in a number of countries, Sika grew more strongly than the market in all regions in 2021 with a 16.1 per cent YoY growth in sales in the EMEA region (Europe, Middle East, Africa), 21 per cent growth in t... |