Cement News tagged under: business results
Ecebol plant to produce 0.573Mt of cement in 202128 April 2021, Published under Cement NewsState-run Ecebol expects its plant in Oruro, Bolivia, to produce 0.573Mt of cement in 2021, according to Jose Luis Jimenez, the company’s manager. It is forecast to achieve sales of over BOB463m (US$67.2m). The plant was inaugurated in August 2019. Its output is IP-40 and IP-30 cement. |
Maple Leaf Cement sees 13% increase in sales28 April 2021, Published under Cement NewsPakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year-ago period. Profit after tax also reached PKR5.52bn from a loss of PKR3.7bn in the 9MFY19-20. Clinker production declined 8.2 per cent YoY to 3.66Mt from 3.99Mt, while cement production slipped 7.6 per cent to 3.8Mt during the 9MFY20-21. Domestic sales were down 10.4 per cent to 3.55Mt from 3.97Mt, but exports sur... |
Holcim Philippines reports 81% rise in net income27 April 2021, Published under Cement NewsHolcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, revenues declined six per cent YoY to PHP6.81bn from PHP7.27bn in the 1Q20. "We delivered an excellent performance in the first quarter due to our sustained focus on Health, Cost, and Cash," said Horia Adrian, president of Holcim Philippines. The company has also announced the temporary suspension of operations a... |
DG Khan Cement reports 7% rise in revenue27 April 2021, Published under Cement NewsPakistan’s DG Khan Cement has announced a net profit of PKR2.24bn (US$14.45m) in the first quarter of 2021, compared to a PKR1.07bn loss in the year-ago period. For the 9MFY20-21, the company has reported a PKR3.25bn profit against a PKR2.01bn loss in the first nine months of FY19-20. Sales revenues also advanced 6.5 per cent YoY to PKR35.37bn in the same period. "Sales, in value terms, registered growth primarily due to stable local cement prices amid soaring cement demand. Gross profit... |
LafargeHolcim reports outstanding 1Q21 results in Asia Pacific26 April 2021, Published under Cement NewsLafaregHolcim's Asia Pacific division recorded strong cement sales of 18.9Mt, and increase of 19.6 per cent from 15.8Mt in the 1Q20. Aggregate sales also rose to 7.6Mt, up 35.4 per cent on the 5.6Mt recorded in the 1Q20. Ready-mix concrete sales totalled 2Mm 3 , down 5.8 per cent from 2.1Mm 3 in the 1Q20. "The Asia Pacific region showed record performance with strong growth in cement volumes. India’s outstanding performance was supported by excellent volumes as well as effective price an... |
Hranice sees 12% increase in 2020 profit26 April 2021, Published under Cement NewsCzech cement producer Cement Hranice, owned by Germany-based Dyckerhoff AG, saw its profit rise 12.1 per cent YoY to CZK561.5m (US$26.2m) in 2020 on sales of CZK1.797bn, up 1.2 per cent YoY. "Cement and other product sales declined by 3.4 per cent YoY in 2020 owing to lower supplies to the sister Slovak company ZAPA beton," said board member Roman Michalcik. Cement sales in the Czech market totalled CZK1.386bn, while exports accounted for the rest. Domestic sales increased by around CZK4... |
LafargeHolcim sees net sales rise 7% in 1Q2123 April 2021, Published under Cement NewsLafargeHolcim recorded a record start to 2021, led by net sales improving by 7.4 per cent and an increase in recurring EBIT of 130.7 per cent compared to the prior year period, both on a like-for-like basis. Cement volumes grew by 5.6 per cent for the group and ready-mix concrete volumes increased by 2.2 per cent, while aggregates volumes decreased by four per cent, all on a like-for-like basis. Cement sales totalled 47.3Mt compared to 44.9 per cent in the 1Q20. Aggregate sales tota... |
Yanbu Cement sees revenue increase 5%23 April 2021, Published under Cement NewsSaudi Arabia’s Yanbu Cement has reported a 5.4 per cent rise in revenue to SAR292.4m (US$77.97m) for the first quarter of 2021, compared to SAR277.4m in the year-ago period. However, the company’s net profit declined 20.4 per cent YoY to SAR73.39m from SAR92.23m in the 1Q20. Despite the increase in revenues due to improved sales, a decline in the average selling price and the accompanying increase in the cost of sales led to the fall in net profit. |
Ciments de Bizerte sees 61% rise in 1Q revenues22 April 2021, Published under Cement NewsTunisia-based Les Ciments de Bizerte advanced its total revenues to TND40.2m (US$14.7m) in the 1Q221, up 61 per cent when compared with TND25m in January-March 2020. The company has seen its domestic sales rise to 194,517t, up 26.5 per cent YoY in January to March 2021. As a result, its domestic revenues in the three-month period increased 50.5 per cent to TND34.6m. In terms of exports were up by TND3.7m or 185 per cent in the 1Q21. Clinker was shipped to Italy and the company developed ... |
Power Cement posts surge in revenue21 April 2021, Published under Cement NewsPakistan’s Power Cement has seen its revenue surge 341 per cent to PKR10.96bn (US$71.39m) in the nine-month period ended 31 March, compared to PKR2.65bn in the year-ago period. Its profit after tax reached PKR110.5m against a PKR1.75bn loss in the 9MFY19-20. In the 3QFY20-21 revenue advanced to PKR4.1bn from PKR1.39bn, while profit after tax returned to PKR41.68m from a PKR1.38bn loss in the 3QFY19-20. |