Cement News tagged under: business results
Cementos Pacasmayo sees 27% revenue increase in 4Q2016 February 2021, Published under Cement NewsPeru’s Cementos Pacasmayo has announced a 27.1 per cent rise in revenue to PEN475.3m (US$130.4m) in the 4Q20, compared with PEN374m in the final quarter of 2019. Consolidated EBITDA advanced 27 per cent YoY to PEN128.1m from PEN100.9m in the 4Q19. The company’s sales volume of cement, concrete and precast also increased 37.2 per cent YoY during the quarter, reaching historical record levels once again, mainly due to the continued increase in sales of bagged cement. In the full-year 202... |
Cemex Philippines records net income of PHP98m in 202016 February 2021, Published under Cement NewsCemex Holdings Philippines Inc reported a 23 per cent weaker net income of PHP985m (US$20.54m) in 2020 from PHP1.3bn in 2019, as the coronavirus impacted its operating earnings. The listed company’s consolidated net sales also dropped by 16 per cent last year to PHP19.7bn from PHP23.6bn in the previous year. The COVID-19 pandemic slumped the firm’s domestic cement volumes by 11 per cent YoY in 2020, while its domestic cement volumes in the fourth quarter shed nine per cent YoY due to advers... |
Northern Cement reports 37% rise in net income15 February 2021, Published under Cement NewsJordan’s Northern Cement has reported a 24 per cent decline in revenue to JOD37.19m (US$52.46m) in 2020, compared with JOD48.94m in the previous year. Gross profit advanced 29.9 per cent YoY to JOD9.27m. Net income after tax climbed 37.1 per cent to JOD6.25m from JOD4.56m in 2019. |
Yamama Cement reports revenues of SAR211m in FY2015 February 2021, Published under Cement NewsSaudi Arabia’s Yamama Cement (YSCC) registered revenue of SAR211m (US$56m) in FY20,a YoY drop of 10.8 per cent. Cement sales volumes for 4Q20 reached at 1.19Mt. Gross profit and operating income fell by 23.2 per cent YoY and 24.8 per cent YoY, respectively. For 2020 YSCC registered a volume growth of 17.9 per cent YoY. Growth was aided by strong momentum in real estate activities in the local market, reports Trade Arabia. “The operating performance during the quarter was impacted by high p... |
Buzzi Unicem reports stable 2020 volumes in spite of pandemic12 February 2021, Published under Cement NewsThis week, Buzzi Unicem released its FY20 preliminary results. The Italian-based cement producer announced cement volumes of 29.3Mt, a YoY rise of 0.4 per cent despite the difficulties of the COVID-19 pandemic. The COVID-19 pandemic caused an unprecendented recession in the first half of 2020. The extraordinary economic policy packages taken out helped cushion the impact from the contraction of international trade, while the loosening of restrictive measures by the second half helped deli... |
Cemex reports 10% rise in 4Q20 cement volumes12 February 2021, Published under Cement NewsCemex S AB de CV reports that in the 4Q20 EBITDA grew by double-digit growth YoY. Consolidated net sales increased by nine per cent to US$3.537bn, an increase of one per cent for the full year of 2020 when compared with 2019. Operating EBITDA rose 19 per cent in the 4Q20 to US$644m. Operating EBITDA margin rose by 1.2 percentage points to 18.2 per cent. Foreign debt declined by US$1027m in 2020. "2020 was one of the most challenging years we have faced but itv was also a remarkable ye... |
ACC posts 73% YoY rise in net profit12 February 2021, Published under Cement NewsIndia’s ACC (LafargeHolcim) has reported a 73 per cent rise in net profit to INR4.72bn (US$64.82m) in the December quarter, compared to INR2.73bn in the year-ago period. Revenue advanced two per cent YoY to INR40.66bn from INR39.7bn, while EBITDA increased 30 per cent YoY to INR7.01bn. Cement sales volumes were largely flat at 7.71Mt from 7.76Mt in the October-December 2019 period. "We are encouraged by the government's increased spending on infrastructure development, particularly roa... |
Ras Al Khaimah Cement reports 9% decline in profit12 February 2021, Published under Cement NewsUAE-based Ras Al Khaimah Cement Co has reported a nine per cent decline in net profit to AED50.71m (US$13.8m) last year, compared to AED55.71m in 2019. The company's revenue also fell 15 per cent YoY to AED153.08m from AED181.66m. During the first nine months of 2020, the company's net losses had surged to AED23.7m from AED6.4m in the year-ago period. |
Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%12 February 2021, Published under Cement NewsCemex Latam Holdings SA reported that the company's consolidated net sales and EBITDA in the 4Q20 fell by three and one per cent, respectively, compared to the 4Q19. Jesús González, CEO of Cemex Latam Holdings, commented: "I am proud of how the organisation responded to the challenge of the sudden arrival of COVID-19 in our footprint. We reacted quickly and forcefully to a highly uncertain situation, prioritising the safety of our employees and customers while ensuring business con... |
Gulf Cement Co sees net loss widen in 202011 February 2021, Published under Cement NewsUAE-based Gulf Cement Co has posted a net loss of AED273.5m (US$74.47m) in 2020, compared to a net loss of AED26.8m in the previous year. The company’s revenue also declined 22 per cent YoY to AED345.9m from AED443.6m in 2019. |