Cement News tagged under: business results
Cementos Pacasmayo sees EBITDA rise 8% in 3Q03 November 2020, Published under Cement NewsPeru's Cementos Pacasmayo saw its sales volume of cement, concrete and precast rise 14.2 per cent YoY to 819,700t in the third quarter of 2020, reaching historical record levels, mainly due to a sharp recovery in sales of cement. The company’s consolidated EBITDA also advanced 8.2 per cent to PEN120.6m (US$33.36m) from PEN111.5m in the 3Q19. Overall revenue increased 6.3 per cent YoY to PEN407.4m from PEN383.4m. However, in the first nine months of 2020, the sales volume of cement, concret... |
Power Cement sees net sales surge 459%03 November 2020, Published under Cement NewsPakistan’s Power Cement saw its net sales surge 458.9 per cent YoY in the quarter ending 30 September 2020, rising to PKR3.26bn (US$20.36m) from PKR583m. However, the company has also reported a loss after tax of PKR170.78m against a PKR7.9m profit in the corresponding period of the previous fiscal. |
Lafarge Africa sees revenue increase 10%03 November 2020, Published under Cement NewsLafarge Africa has reported a 10.3 per cent YoY increase in revenue to NGN179.88bn (US$464.57m) for the 9M20, against NGN163.1m in the year-ago period. Its profit after tax from continuing operations also surged 37.5 per cent YoY to NGN28.2bn from NGN20.5bn. In the third quarter of the year, revenue advanced 31.4 per cent to NGN59.34bn from NGN45.17bn in the 3Q20. Profit after tax from continuing operations reached NGN4.87bn, up 2.8 per cent from NGN4.73bn last year. |
EAPCC reports net loss for FY19-2002 November 2020, Published under Cement NewsKenya-based East African Portland Cement Co (EAPCC) has reported a net loss of KES2.77bn (US$25.46m) for the year ending 30 June 2020, an improvement compared to the KES3.36bn loss in the previous fiscal year. Revenue for the year declined 13 per cent YoY to KES2.47bn from KES2.85bn. "Revenue for the year declined by 13 per cent owing to the increased competition that created a downward pressure on retail prices," said the company. EAPCC offered its employees a voluntary retirement progr... |
Cementos Molins records net profits of EUR62m for 9M2002 November 2020, Published under Cement NewsCementos Molins has announced its 9M20 results, with net profits reaching EUR62m, 12 per cent less than the same period last year. In comparable terms of exchange rates and hyperinflation adjustment, net profits to September grew by 13 per cent. Profits in the third quarter (July-September) stood at EUR29m, 44 per cent higher than the same quarter last year, when the net profit was EUR21m. Cementos Molins' revenues up to September were EUR546m, representing a decrease of eig... |
Saudi Cement sees revenue advance 25% YoY02 November 2020, Published under Cement NewsSaudi Cement saw its revenue advance 24.7 per cent YoY to SAR387m (US$103m) in the 3Q20, supported by a 19.8 per cent growth in cement volumes to 1.6Mt.Gross profits and operating income increased by 23.8 per cent YoY and 22.8 per cent YoY, respectively. In the first nine months of 2020, Saudi Cement saw a volume growth of 9.9 per cent YoY. |
Al Jouf Cement sees surge in net profit for the 3Q2002 November 2020, Published under Cement NewsSaudi Arabia’s Al Jouf Cement reported a 643.4 per cent YoY surge in net profit to SAR8.22m (US$2.19m) for the third quarter of 2020, compared to SAR1.1m in the corresponding period of last year. The company’s revenue advanced to SAR68.9m in the July-September period, rising 155.5 per cent YoY. The growth in quarterly earnings was supported by an increase in sales volume and value, coupled with a decrease in the cost of sales per tonne as production rose, according to a stock exchange sta... |
LafargeHolcim records 3Q20 net sales of CHF6.46bn30 October 2020, Published under Cement NewsLafargeHolcim recorded 3Q20 net sales of CHF6.455bn (US$7.046bn), down 9.6 per cent on the 3Q19. Recurring EBIT totalled CHF1.45bn in the 3Q20, rising 1.9 per cent YoY. Group cement volumes saw a modest decline of one per cent YoY to 52Mt from 52.5Mt in the 3Q19, with the segment's net sales falling nine per cent YoY to CHF4.12bn from CHF4.51bn. For the first nine months of the year, group net sales reached CHF17.15bn, declining 15.1 per cent from CHF20.2bn recorded in the 9M19. ... |
GCC reports a 7% decline in net sales30 October 2020, Published under Cement NewsMexico’s Grupo Cementos de Chihuahua (GCC) reported a 6.8 per cent YoY decline in consolidated net sales to US$281.1m for the third quarter of 2020, compared with US$301.7m in the 3Q19. The fall was primarily due to decreased cement volumes in the US, concrete volumes in Mexico and the depreciation of the Mexican peso, according to its earnings report. However, it was partially offset by higher cement volumes in Mexico and a favourable price environment in both markets. Consolidated net sa... |
BUA Cement shows 21% surge in revenue30 October 2020, Published under Cement NewsNigeria’s BUA Cement has shown 21 per cent growth in revenue for the first nine months of 2020, rising to NGN156.55bn (US$412.05m) from NGN129.43bn in the 9M19. Profit after tax also advanced 24 per cent YoY from NGN43.25bn to NGN53.57bn. "We are quite optimistic about the future because it affords us not only with the opportunity to further evolve our business model but also provides an opportunity for accelerated development. We will continue to push to new markets aided by a focused di... |