Cement News tagged under: business results
Cementir sees strong regional sales in Turkey11 March 2021, Published under Cement NewsCementir Holding’s consolidated results for 2020 saw a surge in Turkish local cement demand and exports. This saw an increase in revenues of 53 per cent in local currency and a rise of 39 per cent in overall clinker and cement sales volumes. Turkish sales volumes in the domestic market grew by 27 per cent. Exports of cement and clinker more than doubled with new markets of Africa and the Middle East. Ready-mix concrete volumes rose by 47 per cent compared to 2019. Overall revenue totalled ... |
Cementir records consolidated cement and clinker sales of 10.7Mt in 202010 March 2021, Published under Cement NewsCementir Holding's consolidated results for 2020 saw cement and clinker sales volumes total 10.7Mt, up by 12.9 per cent compared to 2019. This increase was mainly due to the upturn in sales in Turkey where cement volumes rose by 39 per cent over the year. Sales of ready-mix concrete equalled 4.4Mm 3 in 2020, up by 7.8 per cent while aggregates sales volumes totalled 9.5Mt, down by 1.8 per cent as a result of market contraction in Belgium and France due to the COVID-19 pandemic. Group ... |
TCK sees 65% rise in profit10 March 2021, Published under Cement NewsBosnia & Herzegovina’s Tvornica Cementa Kakanj (HeidelbergCement) has reported a 64.5 per cent YoY surge in net profit to BAM23.5m (US$14.29m) in 2020. The company’s operating revenues also advanced 23.4 per cent to BAM90.6m, while operating costs increased 59 per cent to BAM73.4m. |
Taiwanese manufacturers report mixed start to 202110 March 2021, Published under Cement NewsTaiwan’s Lucky Cement has seen a 28.5 per cent fall in revenue to TWD279.07m (US$9.85m) in February 2021, compared to TWD390.29m in the year-ago period. In the first two months of the year, revenue advanced 1.4 per cent YoY to TWD696.4m from TWD686.68m. Elsewhere, Hsing Ta Cement reported a 4.7 per cent YoY decline in revenue to TWD190.34m from TWD199.78m in February 2020. However, revenue surged 37.4 per cent YoY to TWD929.57m in the 2M20. Chia Hsin Cement has seen a 3.8 per cent YoY dro... |
Taiwan Cement Corp reports 5% rise in revenue09 March 2021, Published under Cement NewsTaiwan Cement Corp has reported a 9.3 per cent YoY decline in revenue to TWD4.54bn (US$160.19m) for February 2021, compared with TWD5bn in the year-ago period. In the first two months of the year, revenue advanced five per cent YoY to TWD13.13bn from TWD12.5bn in the 2M20. |
UNACEM reports improved 4Q but decline in 202008 March 2021, Published under Cement NewsPeruvian cement producer Unión Andina de Cementos (UNACEM) saw its revenues advance by 16.2 per cent YoY in the 4Q20, driven by a 14.5 per cent increase in dispatches in Peru with improved average prices as well higher cement and ready-mix deliveries in Ecuador. Consolidated operating profit reached PEN202m in the 4Q20, up 10.5 per cent YoY, while consolidated EBITDA increased 6.3 per cent YoY to PEN331.4m, said the company during an earnings call. Full-year 2020 Full-year consolidated re... |
Tabuk Cement sees profits rise 113% in 202008 March 2021, Published under Cement NewsSaudi Arabia’s Tabuk Cement has seen its net profit surge 113.2 per cent to SAR51.58m (US$13.75m) in 2020, compared with SAR24.19m in the previous year. The increase in profit was driven by a rise in sales and other revenues, alongside a drop in the cost of sales, selling and marketing and financing expenses. Revenues also advanced 15.8 per cent YoY to SAR276.45m from SAR238.66m in 2019. |
PT Semen Padang announces export volumes08 March 2021, Published under Cement NewsIndonesia’s PT Semen Padang has announced its export volumes of cement and clinker in January and February 2021. The deliveries were made to the Maldives, Australia and Bangladesh. "From early January to mid-February 2021, the Semen Indonesia Group, through PT Semen Padang, has exported 333,532,391t of cement and clinker," said Rahman Kurniawan, sales manager. Cement and clinker exports have continued to increase, because shipments are still ongoing, he added. The company exported a... |
Southern Cement records sales of SAR1653m in 202008 March 2021, Published under Cement NewsSouthern Cement reported sales in 2020 of SAR1653m (US$440.8m), up 27 per cent YoY due to an increase in sales volume which increased by 24 per cent YoY, while net income for the year was up 32 per cent YoY reaching SAR609m. For 4Q20 Southern Cement reported sales of SAR431m, with an increase of nine per cent YoY and one per cent QoQ, supported by higher total sales volumes, which were up eight per cent YoY but declined by two per cent QoQ to reach 2.1Mt in 4Q20. There was an improv... |
Cementarnica Usje sees profit up 20%05 March 2021, Published under Cement NewsNorth Macedonia's Cementarnica Usje (Titan) has seen a 20 per cent YoY increase in net profit to MKD1.5bn (US$29.3m) for 2020. Operating revenue edged up to MKD5.06bn from MKD5.03bn in 2019. Domestic sales rose three per cent YoY to MKD3.2bn, while sales on foreign markets fell 2.6 per cent to MKD1.6bn. Operating expenses also dropped by 5.9 per cent YoY to MKD3.4bn in 2020, as costs for materials were down 11.5 per cent to MKD1.5bn. |