Cement News tagged under: business results
KJS Cement records 36% advance in profit24 August 2021, Published under Cement NewsIndia’s KJS Cement has seen a 36.4 per cent YoY rise in profit to INR654.4m (US$8.83m) for the year ended 31 March 2021, against INR479.6m in the FY19-20. EBITDA was up 5.5 per cent to INR1.99bn. Cement and clinker sales reached 1.72Mt and 0.59Mt, respectively, a considerable increase driven by demand from infrastructure projects. "KJS Cement has recorded strong performance across all parameters this year; despite the challenging ecosystem due to the pandemic,” said Pawan Kumaar Ahluwalia... |
China Tianrui Group Cement records 9% rise in revenue23 August 2021, Published under Cement NewsChina Tianrui Group Cement has posted a 9.1 per cent YoY increase in revenue to CNY5.73bn (US$882.8m) for the first half of 2021, compared to CNY5.25bn in the year-ago period. Attributable profit also advanced 4.5 per cent YoY to CNY751.6m from CNY719m in the 1H20. |
Al Jouf Cement sees profit advance 25% YoY20 August 2021, Published under Cement NewsAl Jouf Cement has announced a 4.9 per cent YoY decline in revenue to SAR53.74m (US$14.34m) in the six months ended 30 June 2021, compared to SAR56.49m in the 1H20. However, the company's profit advanced 24.9 per cent to SAR19.68m from SAR15.75m. |
Lafarge Africa Plc announces 1H21 group revenues of NGN145m18 August 2021, Published under Cement NewsLafarge Africa PLC (Holcim group) announced 1H21 group revenue of NGN145m (US$351.9m) with gross profits of NGN48m. In the 2Q21, group revenue reached NGN73.5m and gross profits amounted to NGN28.9m. Group cement sales totalled NGN71.5m in the 2Q21 and NGN141.4m in the 1H21. Meanwhile, Aggregates and concrete sales amounted to NGN2m in the 2Q21 and NGN145m in the 1H21. Lafarge Africa Plc has a cement production capacity of 10.5Mta in Nigeria. |
Star Cement reports 50% growth in profit17 August 2021, Published under Cement NewsIndia’s Star Cement has seen its standalone net profit grow 50.4 per cent YoY in the quarter ending 30 June 2021, increasing to INR541.8m (US$7.3m) from INR360.3m. Net revenue was up 76.7 per cent YoY to INR5.04bn from INR2.86bn in the April-June quarter of the previous fiscal. |
Misr Cement (Qena) posts 9% profit increase17 August 2021, Published under Cement NewsEgypt’s Misr Cement (Qena) has recorded a 9.2 per cent YoY advance in consolidated net profit for the January-June period of 2021, rising to EGP69m (US$4.39m) from EGP63m in the 1H20. However, net revenue declined 4.7 per cent to EGP1.28bn from EGP1.34bn. The company has attributed the increase in profitability to improved efficiency and total exports, which climbed 316 per cent YoY to 169,000t from 41,000t in the first half of 2020. |
Eagle Cement announces 181% rise in net income17 August 2021, Published under Cement NewsPhilippines-based Eagle Cement has posted a 181 per cent YoY increase in net income to PHP3.7bn (US$73.08m) in the first half of 2021, against PHP1.32bn in the corresponding period of last year. Net sales also advanced 87 per cent to PHP11.06bn from PHP5.91bn in the 1H20. The company has attributed the results to higher sales volumes despite the decrease in the average selling price of cement per bag, which resulted from tight competition. |
Sinai Cement records 1H21 net loss of EGP253m17 August 2021, Published under Cement NewsSinai Cement Co reported a standalone net loss of EGP252.666m (US$16m) in the 1H21, according to the company’s financial statements. This marked a YoY rise of three per cent when compared to a loss of EGP245.687m in 1H20. In June 2021, Sinai Cement’s ordinary general assembly approved selling its shares in Sinai White Portland Cement Co based on the fair value of Sinai White’s share. |
JK Cement sees surge in consolidated net profit16 August 2021, Published under Cement NewsIndia’s JK Cement Ltd has reported a 282 per cent surge in consolidated net profit to INR1.9bn (US$25.61m) for the quarter ending 30 June 2021, compared with INR499.4m in the year-ago period. Revenue from operations was also up 70.6 per cent YoY to INR17.14bn from INR10.05bn. Overall cement volumes climbed 71 per cent YoY to 3.02Mt, with grey cement (including clinker) at 2.76Mt. |
Anjani Portland Cement sees 51% revenue increase16 August 2021, Published under Cement NewsIndia’s Anjani Portland Cement has seen its revenue surge 50.5 per cent YoY to INR1.22bn (US$16.48m) in the quarter ending 30 June 2021, compared with INR813.7m in the same period of the previous year. Net profit was up 20.6 per cent YoY to INR230.7m from INR191.3m in the 2Q20. |