Cement News tagged under: business results
ACC reports 74% rise in profit for the 1Q2120 April 2021, Published under Cement NewsIndia's ACC (LafargeHolcim) has reported a 74 per cent rise in net profit for the first quarter of 2021, rising to INR5.63bn (US$75.33m) from INR3.23bn in the year-ago period. EBITDA also advanced 47 per cent YoY to INR8.6bn. Revenue from sales surged 23 per cent YoY to INR42.13bn from INR34.33bn in the 1Q20. In particular, cement sales increased 22 per cent YoY to 8Mt and cement prices were up six per cent to INR4876/t. As a result of its strong performance, the company has recorded its... |
Breedon reports strong trading in 1Q2120 April 2021, Published under Cement NewsBreeding announced encouraging trading in the first three months of the year. There was good demand in the GB market, where the business benefitted from contributions from the Cemex acquisition, combined with a robust cement performance, which more than offset the impact of COVID-19 restrictions limiting construction activity in the Republic of Ireland. Overall, group revenues in the first three months of the year were approximately GBP264m, an increase of 27 per cent compared with the ... |
HeidelbergCement updates markets on preliminary 1Q21 expectations16 April 2021, Published under Cement NewsHeidelbergCement AG's preliminary 1Q21 financial figures deviate significantly from current capital market expectations. Preliminary revenue amounts to EUR3958m (previous year: EUR3930m) in 1Q21. The capital market expects EUR3873m for this key figure. The preliminary result from current operations before depreciation and amortisation (operating EBITDA) amounts to EUR538m (previous year: EUR405m) in 1Q21. The capital market expects EUR436m for this key figure. The preliminary result... |
Twiga Cement saw profits rise 25% in 202016 April 2021, Published under Cement NewsTanzania Portland Cement (Twiga Cement) saw its pretax profit rise 25 per cent YoY to TZS107.42bn (US$46.3m) in 2020, against TZS85.87bn in the previous year. The company’s turnover and sales volumes also increased 13 and six per cent, respectively, during the year. "The operating performance of the plant and availability of the machinery was good, ensuring clinker production reached record levels," said Hakan Gurdal, chairman. Mr Gurdal said the future looks bright as cement demand in T... |
Oman Cement Co reports 16% decline in revenue16 April 2021, Published under Cement NewsOman Cement Co has reported a 15.8 per cent decline in total revenue to OMR11.76m (US$30.6m) in the first quarter of 2021, compared to OMR13.9m in the 1Q20. Net profit also fell 33 per cent YoY to OMR756,290 from OMR1.13m in the year-ago period. |
Raysut Cement announces 5% rise in revenue14 April 2021, Published under Cement NewsOman’s Raysut Cement Co has reported a five per cent increase in total revenue to OMR26.9m (US$69.95m) in the first quarter of 2021, compared to OMR25.6m in the year-ago period. The company also returned to a profit after tax of OMR102,814 against a loss of OMR4m in the 1Q20. |
Eagle Cement reports 30% fall in net sales13 April 2021, Published under Cement NewsPhilippine-based Eagle Cement Corp has reported a net income of PHP3.4bn (US$70.02m) in 2020, down 44 per cent YoY as a result of lockdown measures imposed in mid-March. "The halting of our operations due to pandemic-related restrictions took a hit on our results in the first half of 2020, but the remaining half proved that we are well-positioned to bounce back," said John Paul L Ang, CEO. Net sales declined 30 per cent to PHP13.9bn from PHP19.8bn in 2019, but the PHP8bn from sales gen... |
Kohat Cement returns to profit in 3Q13 April 2021, Published under Cement NewsPakistan’s Kohat Cement has posted a net profit of PKR1.059bn (US$6.92m) in the quarter ending 31 March 2021, compared with a PKR381.08m loss in the same period last year. Total sales for the period advanced 163 per cent YoY to PKR6.71bn against PKR2.55bn in the 3QFY19-20. Record high industry dispatches and an increase in the company’s production capacity along with higher domestic retention all contributed to the overall growth during the period. For the nine-month period ended 31 Ma... |
Votorantim ends 2020 with net revenue of BRL16.7bn09 April 2021, Published under Cement NewsVotorantim Cimentos ended 2020 with global net revenue of BRL16.7bn (US$2.98bn), an increase of 29 per cent compared to 2019. This result can be primarily explained by the increase in sales volume in Brazil, Canada and the USA, and by the positive impact of the devaluation of the real on the results of the other regions. Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was BRL3.8bn, an increase of 43 per cent over the previous year, with ... |
Qatar National Cement sees 38% rise in sales09 April 2021, Published under Cement NewsQatar National Cement has reported a 38.4 per cent YoY rise in sales to QAR229.85m (US$63.14m) for the first quarter of 2021, compared to QAR166.1m in the year-ago period. Net profit for the quarter also advanced 29.3 per cent YoY to QAR70.42m from QAR54.44m in the 1Q20. |