Cement News tagged under: business results
Burnpur Cement sees net loss widen in 2Q12 November 2020, Published under Cement NewsIndia’s Burnpur Cement has seen its standalone net loss widen to INR297.8m (US$3.99m) in the second quarter of FY20-21, against an INR21.3m loss in the 2QFY19-20. However, net revenue advanced 19.3 per cent YoY to INR228.5m from INR191.5m. The company’s operating expenses increased 102.7 per cent to INR362.9m from INR179m in the year-ago period. |
Shree Cement records 64% increase in profit12 November 2020, Published under Cement NewsIndia’s Shree Cement has seen a 64 per cent YoY increase in consolidated net profit to INR5.23bn (US$70.71m) for the quarter ending 30 September 2020, compared with INR3.13bn in the corresponding period of last year. Revenue from operations advanced eight per cent to INR32.5bn from INR30.04bn in the 2QFY19-20. The company’s EBITDA also rose 17 per cent YoY to INR9.9bn. In the first half of FY20-21, revenue from operations declined 9.1 per cent YoY to INR57.3bn from INR63.07bn. Consolidate... |
Eagle Cement Corp sees net sales down 16%12 November 2020, Published under Cement NewsPhilippine-based Eagle Cement Corp has reported a net profit of PHP1.4bn (US$28.96m) in the 3Q20, remaining unchanged from the year-ago period. However, its net sales were down 16 per cent YoY to PHP4.1bn. "The resumption of major infrastructure projects and retail segment boosted sales. We are optimistic that fourth-quarter results will be better as more sectors of the economy are reopened," said Paul Ang, president. Eagle Cement’s nine-month net sales declined 35 per cent to PHP10bn ... |
Saudi Arabian cement companies see combined profits rise 39%12 November 2020, Published under Cement NewsThe combined profits of 14 Tadawul-listed Saudi cement companies grew by 39.3 per cent YoY to SAR840.87m during the 3Q20, compared with SAR603.54m in the same period of 2019, according to Mubasher. A total of 13 cement firms achieved growth in quarterly profits, while Northern Region Cement saw profits fall. The net profit of Southern Province Cement Co was the highest in the third quarter, rising 66.7 per cent YoY to SAR150m. Qassim Cement saw a 22.1 per cent advance in profit to SAR1... |
Loma Negra reports surge in net profit for the 3Q2011 November 2020, Published under Cement NewsArgentina’s Loma Negra has seen its net revenue decrease 4.5 per cent YoY to ARS10.756bn (US$143m) in the third quarter of 2020, compared with ARS11.26bn in the year-ago period. However, adjusted EBITDA advanced 11.6 per cent to ARS3.389bn from ARS3.037bn in the 3Q19. The company’s net profit surged to ARS6.449bn from ARS83m in the corresponding period of 2019. Sales volumes of cement, masonry and lime in Argentina increased 2.9 per cent to 1.53Mt during the quarter, reflecting a sustai... |
JK Cement sees net profit surge 106%11 November 2020, Published under Cement NewsIndia’s JK Cement has reported a 105.5 per cent YoY rise in standalone net profit to INR2.24bn (US$30.1m) for the quarter ending 30 September 2020, compared to INR1.09bn in the year-ago period. Net revenue also advanced 23.6 per cent to INR15.51bn from INR12.54bn in the 2QFY19-20. The company’s operating profit climbed 61.7 per cent YoY to INR4.12bn from INR2.54bn. |
Sumitomo Osaka sees 6% fall in 1H revenue11 November 2020, Published under Cement NewsJapanese cement producer Sumitomo Osaka Cement Co posted a 6.4 per cent fall in its 1H revenue ended 30 September 2020 to JPY112.12bn from JPY119.84m in the 1HFY20-21. Operation profit slipped 5.3 per cent to JPY6.02bn in the first six months of FY20-21 from JPY6.3bn in the year-ago period. Pretax profit edged down 3.9 per cent YoY to JPY6.59bn from JPY6.96bn while net profit slipped 1.3 per cent to JPY4.5bn from JPY4.56bn over the same period. Sumitomo Osaka Cement Co forecasts a revenue ... |
Buzzi Unicem records cement and clinker sales of 21.7Mt in 9M2010 November 2020, Published under Cement NewsBuzzi Unicem announced that cement and clinker sales for the group totalled 21.7Mt in the 9M20, down 1.8 per cent compared to the previous year. Ready-mix and concrete sales contracted by 4.9 per cent to 8.7Mm 3 . Consolidated net sales stood at EUR2408m, a minor dip of 0.6 per cent on the EUR2423.6m earned in the 9M19. On a like-for-like basis net sales would have slipped 0.3 per cent. The summer period was characterised by positive developments in Italy, thanks to a better-than-expec... |
Taiwan's producers report October results10 November 2020, Published under Cement NewsTaiwan Cement Corp has reported an 8.2 per cent decline in October 2020 revenue to TWD10.29bn (US$360.7m) from TWD11.21bn in the same month of last year. Revenue also fell 6.3 per cent YoY in the January-October period to TWD92.54bn from TWD98.77bn. Elsewhere, Taiwan’s Asia Cement Corp saw October revenue climb 5.9 per cent YoY to TWD7.43bn from TWD7.02bn. However, in the 11M20, revenue slipped 15.3 per cent to TWD62bn from TWD73.23bn. Universal Cement Corp announced a largely-steady rev... |
Taiheiyo reports 14% rise in 1H net profit10 November 2020, Published under Cement NewsJapan-based Taiheiyo Cement Corp saw a 3.2 per cent drop in its revenues to JPY420.63bn (US$4bn) in the first half of the FY20-21 from JPY431.39bn in the 1HFY19-20. However, operating profit increased by 16.3 per cent to JPY26.13bn in the 1HFY20-12 from JPY22.46bn in the year-ago period while pretax profit increased 18.6 per cent to JPY26.64bn from JPY22.47bn over the same period. The company’s net profit advanced 14 per cent YoY to JPY18.46bn from JPY16.20bn. The group expects to achiev... |