Cement News tagged under: business results
Chia Hsin Cement records 11% rise in revenue16 August 2021, Published under Cement NewsTaiwan’s Chia Hsin Cement has posted a 10.7 per cent increase in revenue to TWD550.39m (US$19.76m) in the second quarter of the year, compared to TWD496.99m in the 2Q20. However, the company has recorded a net loss of TWD162.49m in the same quarter against a TWD139.88m profit in the corresponding period of 2020. |
Climbing regional cement shipments for Argos in the 1H2113 August 2021, Published under Cement NewsArgos announced its 1H21 results this week with regional cement shipments climbing in the USA and in the Caribbean and Latin America. In the USA cement volumes saw a solid increase of 5.7 per cent, because of the positive market dynamics in the country. Concrete volumes, on the other hand, fell 10.1 per cent with different behaviours throughout the territory and strongly affected by the intense rains, especially in Houston and Dallas. Group revenues in the US during the semester re... |
Loma Negra records 47% advance in net revenue13 August 2021, Published under Cement NewsArgentina's Loma Negra has reported a 46.6 per cent YoY increase in net revenue to ARS14.269bn (US$147m) in the quarter ending 30 June 2021, mostly driven by its cement segment. Its consolidated adjusted EBITDA also climbed 74.1 per cent YoY to ARS4354m, with the EBITDA margin expanding from 25.7 per cent to 30.5 per cent. "We are pleased to announce another quarter with an excellent performance. Demand continues with a strong momentum and, after several quarters of recovery, is now exceedi... |
India Cements reports 35% increase in revenue13 August 2021, Published under Cement NewsIndia Cements has seen its standalone profit more than double to INR374m (US$5.034m) in the first quarter of FY21-22. Revenue from operations also advanced 35.1 per cent YoY to INR10.23bn from INR7.57bn in the year-ago period. Cement production climbed 40 per cent YoY to 1.88Mt, while overall sales including clinker increased 37 per cent. |
Arabian Cement Co sees net loss widen in 1H2113 August 2021, Published under Cement NewsEgypt’s Arabian Cement Co has seen its consolidated net loss after tax widen to EGP23.28m (US$1.48m) in the first half of 2021, compared to EGP5.63m in the year-ago period. Sales revenue declined 26.9 per cent YoY to EGP964.86m from EGP1.32bn in the 1H20. |
Argos records 1H21 cement shipments of 8.6Mt12 August 2021, Published under Cement NewsArgos recorded cement shipments of 8.6Mt in the 1H21, an increase of 26.9 per cent compared to the 1H20. The advance was supported by the performance of the group in the USA, the Caribbean and Central America, as well as having a low comparison base. Consolidated revenues reached US$1.3bn, up 11 per cent compared to the 1H20. Likewise, EBITDA rose by 29.9 per cent to US$266.7m. EBITDA margin , excluding the profits on the sale of concrete assets, reached a record of 20.3 per cent, the hig... |
FLSmidth reports 2Q21 strong order intake and improved profitability12 August 2021, Published under Cement NewsFLSmidth’s order intake in the 2Q21 increased 42 per cent compared to the 2Q20 and by 38 per cent to DKK4615m (US$97m) YoY. Cement service order intake reached DKK875 in the 2Q21 and cement capital orders totalled DKK807m in the 2Q21. Revenue increased by six per cent to DKK4073m in the 2Q21 (2Q20: DKK 3846m) and by nine per cent organically, comprising a 13 per cent increase in mining and a flat development in cement. Group EBITA margin increased to 4.8 per cent from 3.4 per cent in ... |
Votorantim Cimentos sees regional sales pick-up in 2Q2112 August 2021, Published under Cement NewsVotorantim Cimentos recorded strong sales in all operating regions in the 2Q21. Price rises and reduced restrictions from the pandemic aided beter results than in the same period last year. In Brazil Votorantim Cimentos recorded a net revenue of BRL2565m (US$494.2m) in the 2Q21, up 46 per cent from BRL1760 in the 2Q20. Adjusted EBITDA grew by 167 per cent in 2Q21 in Brazil at BRL659m compared to BRL247m in the 2Q20. "Brazil has seen 30 per cent increase in cement demand YoY,” said Osvald... |
Votorantim Cimentos records sales volume growth of 31% in 2Q2111 August 2021, Published under Cement NewsVotorantim Cimentos’ sales volume rose to 9.8Mt in 2Q21 compared to 7.5Mt in 2Q20, a growth of 31 per cent. Strong sales were recorded on all countries of the company’s operations as a result of COVID-19 vaccinations and improving market dynamics in all regions. Osvaldo Ayres, Votorantim Cimentos’ chief financial officer, said: "The company's consolidated net revenue improved by 50 per cent, when compared to 2Q20, reaching BRL5809m (US$1107.1m) in 2Q21 mainly relating to higher volumes a... |
Siam Cement records 83% increase in net profit11 August 2021, Published under Cement NewsThailand’s Siam Cement has seen an 83 per cent increase in net profit to THB17.14bn (US$512.4m) in the second quarter of 2021, supported by its chemical and packaging businesses. Revenue also advanced 39 per cent YoY to THB133.56bn. The company has also announced a capex target of THB80-90bn for this year. |