Cement News tagged under: business results
PPC sees EBITDA rise 15% in 1H2008 December 2020, Published under Cement NewsSouth Africa-based PPC has seen its group revenue edge up one per cent to ZAR5.01bn (US$331.1m) in the half-year period ending 30 September 2020, compared to ZAR4.95bn in the 1H19. The rise has been attributed to robust cement sales after COVID-19 restrictions were eased. Group EBITDA increased 15 per cent YoY to ZAR996m from ZAR868m, with an EBITDA margin of 19.9 per cent. Operating profit also rose 77 per cent to ZAR610m against ZAR344m in the year-ago period. However, profit after tax f... |
South Valley Cement reports contraction in net loss02 December 2020, Published under Cement NewsEgypt’s South Valley Cement has seen its net loss contract to EGP132.81m (US$8.48m) in the first nine months of 2020, compared to EGP173.97m in the year-ago period. The company had also reported a contraction in its net loss for the first half of 2020. |
YTL Corp posts 18% rise in revenue27 November 2020, Published under Cement NewsMalaysia’s YTL Corp has posted an 18.2 per cent MoM increase in revenue to MYR4.2bn (US$1.03bn) for the third quarter of 2020, compared with MYR3.5bn in the 2Q20. Pre-tax profit also improved to MYR136.8m from a loss of MYR135.5m in the previous quarter. The sequential improvement in performance was mainly driven by its cement and utilities segments. |
CRH posts 2% rise in EBITDA for 9M2025 November 2020, Published under Cement NewsCRH has reported a three per cent like-for-like (LfL) decrease in its sales to US$20.6bn for the nine-month period to the end of September 2020, maintaining the level of sales decline reported at the half-year stage. Despite the lower sales, EBITDA for the period was US$3.4bn, up two per cent on a LfL basis. This reflected a continued focus on cost rationalisation and mitigating actions to minimise the financial impacts of lower sales caused by the pandemic. The group reported US$65m of non... |
Tourah Portland Cement reports 10% decline in net sales24 November 2020, Published under Cement NewsEgypt’s Tourah Portland Cement has reported a net loss of EGP56.7m (US$3.62m) in the third quarter of 2020, compared to a net loss of EGP55.3m in the year-ago period. Net sales declined 9.8 per cent YoY to EGP13.8m from EGP15.3m in the 3Q19. |
Suez Cement sees net loss widen in 9M2023 November 2020, Published under Cement NewsEgypt’s Suez Cement has posted a consolidated net loss of EGP888.9m (US$56.79m) in the first nine months of 2020, widening from an EGP521.4m loss in the year-ago period. The company’s sales also declined 21.8 per cent YoY to EGP3.84bn from EGP4.91bn. In its standalone business, net losses contracted to EGP587.2m from EGP736.77m in the 9M19. Elsewhere, the Egyptian Stock Exchange has announced the execution of HeidelbergCement France’s mandatory takeover offer (MTO) for Suez Cement’s share... |
Taiwan Cement Corp sees revenue rise 3% in the 3Q2020 November 2020, Published under Cement NewsTaiwan Cement Corp has announced a three per cent YoY rise in revenue to TWD29.8bn (US$1.04bn) for the third quarter of 2020. Its net income also reached TWD7.4bn, up 14 per cent YoY. In the first nine months of the year, revenue decreased six per cent YoY to TWD82.2bn while net income increased four per cent to TWD18.4bn. "Fourth quarter is the traditional peak season for the cement market and we remain optimistic about our performance," said Edward Huang, senior vice president, Taiwa... |
Breedon Group's revenues for 10M20 reach GBP750m18 November 2020, Published under Cement NewsBreedon has issued a scheduled trading update with group revenues in both September and October ahead of the same period in the prior year, on a like-for-like basis. As a result, the group saw revenues for the first 10 months of the year reach GBP750m (2019: GBP800m), including three months contribution from the former Cemex assets in the UK. The board now expects the group's underlying EBIT for the full year to be at least GBP70m, which is ahead of current market expectations. ... |
Lafarge Zimbabwe records improvement in 3Q2018 November 2020, Published under Cement NewsLafarge Cement Zimbabwe has stated that the gradual easing of COVID-19 lockdown restrictions and a general improvement in the business environment has supported a rebound for the company in the third quarter of 2020. Sales volumes were seven per cent higher YoY in the 3Q20, driven by recovery in the individual home builder market. Record sales were also seen in July, which was the best result for the month since 2003. Demand for cement in the construction sector surged 34 per cent ahea... |
Misr Cement (Qena) sees consolidated net profit surge 32% YoY17 November 2020, Published under Cement NewsEgypt's Misr Cement (Qena) has reported a consolidated net profit of EGP39.2m (US$2.51m) during the 3Q20, up 31.8 per cent YoY from EGP29.7m. Revenues fell 18.5 per cent to EGP1.84m from EGP2.26m in the year-ago period. In its standalone business, the company saw its net profit surge 106.7 per cent YoY to EGP45.16m from EGP21.85m in the 3Q19. "The company stood alone from all its rivals in the Egyptian market by achieving more remarkable successes in the third quarter of 2020," said Abdel... |