Cement News tagged under: business results
Arabian Cement posts net loss in the 9M2017 November 2020, Published under Cement NewsEgypt’s Arabian Cement Co has reported a consolidated net loss of EGP39.78m (US$2.54m) in the first nine months of 2020, compared to a net profit of EGP33.3m in the year-ago period. The company’s standalone net loss reached EGP38.25m in the January-September period of 2020, against a net profit of EGP32.58m in the corresponding period a year earlier, according to statements filed on the Egyptian Exchange. |
Sharjah Cement sees 25% decline in revenue16 November 2020, Published under Cement NewsUAE-based Sharjah Cement has posted a net loss of AED47.9m (US$12.9m) in the first nine months of 2020, compared to a profit of AED2.8m in the corresponding period of last year. Revenues declined 25.3 per cent YoY to AED325.22m from AED435.45m in the 9M19. In the third quarter of 2020 net losses reached AED22.7m from an AED240,000 profit in the year-ago period. |
PPC sees rise in sales volumes in the 3Q2016 November 2020, Published under Cement NewsSouth Africa’s PPC has announced that its cement sales volumes increased 20-25 per cent YoY in the third quarter of 2020. "This trend has continued in October with strong cement sales volumes experienced for the month, up 15-20 per cent compared with the same period last year," said the group in an operational update. The rise in sales has been attributed to individual consumers instead of construction companies. In July-September 2020, sales volumes in PPC Zimbabwe and PPC Barnet i... |
Sinai Cement reports net loss in 9M2016 November 2020, Published under Cement NewsEgypt’s Sinai Cement has announced that its standalone net loss widened to EGP421.4m (US$26.95m) in the first nine months of 2020, against a loss of EGP311.2m in the year-ago period. However, the company’s net sales rose 5.2 per cent YoY to EGP588.7m from EGP559.8m in the 9M29. |
Votorantim Cimentos reports 3Q20 EBITDA of BRL1.5bn13 November 2020, Published under Cement NewsVotorantim Cimentos recorded global net revenue of BRL5.2bn (US$961.2m) in the 3Q20, a 37 per cent increase compared to 3Q19. The growth was due to the positive impact of a 15 per cent increase in sales, resulting from a recovery in demand in all regions. In addition to positive market dynamics and the appreciation of the dollar against the real. Consolidated adjusted EBITDA in the quarter was BRL1.5bn, an increase of 94 per cent in comparison with the 3Q19, with an EBITDA margin o... |
Cementos Argos' EBITDA grows 10% in 3Q2013 November 2020, Published under Cement NewsArgos (Grupo Argos) delivered satisfactory results during the third quarter, amid the COVID-19 pandemic. The company reported an improvement in EBITDA despite the impact on volumes mainly caused by hurricanes and heavy rains in the USA. During the period, consolidated shipments of cement and concrete registered a decrease of 8.4 per cent and 19.5 per cent, respectively, and of 12.7 per cent and 16.5 per cent compared to 3Q19. This decline was offset thanks to the successful execution of ... |
Arkan posts net loss in 9M2013 November 2020, Published under Cement NewsUAE-based Arkan Building Materials Co has recorded a net loss of AED3.71m (US$1.01m) in the first nine months of 2020, compared to an AED36.13m profit in the corresponding period of last year. The company’s revenues fell 14 per cent YoY to AED581.02m from AED675.5m in the 9M19. The lower revenues were attributed to a decrease in cement sales volumes and falling prices due to the impact of COVID-19. "Whilst this unprecedented time has tested the resilience of many organisations, I am proud... |
Cementir sales up but profit slips in 9M2013 November 2020, Published under Cement NewsCementir posted a revenue of EUR896.8m in the nine-month period ended 30 September 2020 down one per cent YoY, according to a company statement. EBITDA declined 2.1 per cent to EUR178.1m from EUR181.8m. Profit before taxes decreased 2.3 per cent to EUR81.2m in January-September 2020 when compared with EUR83.7m in the equivalent period of the previous year. “In the first nine months of 2020, despite the serious pandemic, the Group reported a 11.3 per cent increase in cement volumes sold, m... |
Star Cement posts 31% fall in profit13 November 2020, Published under Cement NewsIndia’s Star Cement has seen a 30.8 per cent fall in standalone net profit to INR381.2m (US$5.1m) in the quarter ending 30 September, compared with INR550.8m in the year-ago period. The company’s net revenue edged up three per cent YoY to INR3.85bn from INR3.74bn in the 2QFY19-20. Operating expenses rose 8.4 per cent to INR3.36bn from INR3.1bn. |
Titan Group reports revenues of EUR1202m in 9M2012 November 2020, Published under Cement NewsTitan Group announced its consolidated revenue totalled EUR1202.4m for the 9M20, a marginal decline of 0.5 per cent when compared with the revenue in the 9M19. Operating profitability (EBITDA) in January-September 2020 rose by 10.1 per cent to EUR229.4m. Net profit after taxes and minorities in the 9M20 was EUR58m compared to EUR45.2m in 9M19. In the 3Q20 Titan Group’s revenue fell by 1.7 per cent compared to the 3Q19 at EUR416m, while group EBITDA in the 3Q20 grew by 7.4 per cent to EUR9... |