Cement News tagged under: business results
Lucky Cement posts 15% fall in revenue10 May 2021, Published under Cement NewsTaiwan’s Lucky Cement has posted a 14.5 per cent YoY decline in April revenue to TWD345.56m (US$12.44m) from TWD404.2m in the year-ago period. In the first four months of 2021, the company saw a 7.8 per cent fall in revenue to TWD1.39bn from TWD1.51bn. |
UltraTech Cement reports consolidated net sales of INR142.3bn in 1Q2110 May 2021, Published under Cement NewsUltraTech Cement Ltd saw consolidated net sales of INR142,320m (US$1.94bn) in the 1Q21 vis-à-vis INR106,890m over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR37,510m vis-à-vis INR26,450m in the corresponding period of the previous year. Profit after tax was INR17,750m compared to INR11,290m in the corresponding period of the previous year. For the full year, consolidated net sales reached INR442,390m when compared with INR417,810m ... |
Saudi Arabian producers report 15% decline in net profit07 May 2021, Published under Cement NewsSaudi Arabian producers listed in the main market saw an estimated 15 per cent decline in total net profits to SAR892.5m (US$237.9m) in the first quarter of 2021, compared to around SAR1.05bn in the year-ago period, according to Al Eqtisadiah. Four companies reported growth during the quarter, while the remaining 10 saw a decline. Najran Cement recorded the highest growth in net profit at 51.4 per cent, followed by Arabian Cement Co (+48.6 per cent) and Al Jouf Cement (+15.4 per cent). Ho... |
HeidelbergCement sees revenue up 1% in 1Q2106 May 2021, Published under Cement NewsHeidelbergCement has seen its revenue increase 0.7 per cent YoY to EUR3958m for the first quarter of 2021, or up four per cent on a like-for-like basis. The result from current operations before depreciation and amortisation (RCOBD) surged 33 per cent to EUR538m, while the result from current operations rose 280 per cent YoY to EUR233m. "HeidelbergCement has made an excellent start to 2021," said Dr Dominik von Achten, chairman of the Managing Board. "In all group areas, we have once agai... |
Vicat reports 15% YoY surge in sales for 1Q2106 May 2021, Published under Cement NewsVicat Group’s consolidated sales in the first quarter of 2021 reached EUR707m from EUR615m in the 1Q20, up 14.9 per cent on a reported basis and 22.1 per cent at constant scope and exchange rates. The group saw the benefits of a highly favourable base comparison in the first quarter given the impact of the pandemic and the government measures taken to address it in March 2020 and more generally during the first six months of 2020. However, the first-quarter performance not only exceeded tha... |
Cementir sees 49% rise in EBITDA for 1Q2106 May 2021, Published under Cement NewsCementir Holding has reported a 12.6 per cent YoY increase in group revenue to EUR300.5m for the first quarter of 2021, compared to EUR266.9m in the 1Q20. EBITDA rose 49.4 per cent YoY to EUR48.1m from EUR32.2m, while its EBITDA margin advanced to 16 per cent from 12.1 per cent. "In the first quarter of 2021, the group reported results above our expectations, with revenues up by over 12 per cent, EBITDA by 49 per cent and EBIT by over 300 per cent compared to the same period of 2020. Thes... |
Martin Marietta reports record adjusted EBITDA06 May 2021, Published under Cement NewsUSA-based Martin Marietta Materials reported a 0.3 per cent increase in cement shipments for the first quarter ended 31 March 2021, despite the winter storm that shut down the company’s cement operations for 11 days in February. The company’s Midlothian facility in north Texas experienced double-digit shipment growth for the quarter, demonstrating robust demand in the Dallas/Fort Worth metroplex that offset weather-related impacts and reduced energy-sector activity in south and west Texas... |
CSN reports stable quarterly cement performance05 May 2021, Published under Cement NewsBrazil-based cement producer CSN said 1Q21 net revenue for its cement division reached BRL277m (US$50.9m). The company said this was a “stable performance compared to the previous quarter, even considering a lower sales volume (-3.6 per cent) caused by seasonality.” The company also reported marginally higher unit costs due to a maintenance outage which led to an EBITDA of BRL103m, with an EBITDA margin of 37.2 per cent. According to the latest data by the National Union of the Cement In... |
SCG's 1Q21 cement and building products revenue up 15% QoQ05 May 2021, Published under Cement NewsThailand-based Siam Cement Group has seen revenue from its cement and building products business reach THB46,185m in the 1Q21, an increase of 15 per cent compared to the previous quarter. However, revenue was flat compared to a year earlier due to regional demand weakness and the planned maintenance of its Cambodia cement plant during the period. Profit in the segment during the 1Q21 was THB2809m, an increase from the year-ago period due to effective cost management and seasonal factors. ... |
PPC sells lime operations to Kgatelopele Lime04 May 2021, Published under Cement NewsSouth Africa’s PPC has announced the sale of its lime operations to Kgatelopele Lime for ZAR515m (US$35.5m). The net proceeds from the divestment are part of PPC’s capital restructuring programme, with the net proceeds set to be used to de-gear its South African balance sheet. "This divestment from our lime assets, which we consider non-core to our business, is timely and plays a vital role in our capital restructuring strategy to reduce our South African debt. This will support the South ... |