Cement News tagged under: business results
Umm Al-Qura Cement announces 37% revenue increase30 October 2020, Published under Cement NewsSaudi Arabia’s Umm Al-Qura Cement has announced a 37 per cent YoY rise in revenue to SAR87.61m (US$23.36m) for the third quarter of 2020, compared to SAR63.96m in the year-ago period. Net profit also surged 68.5 per cent to SAR31.91m from SAR18.94m in the 3Q19. |
Fecto Cement records 21% rise in net sales30 October 2020, Published under Cement NewsPakistan’s Fecto Cement saw its net sales advance 20.5 per cent YoY to PKR1.08bn (US$6.76m) in the third quarter of 2020, against PKR897.7m in the year-ago period. The company also announced a contraction in its loss after tax to PKR39.35m from PKR52.9m in the 3Q19. |
Cemex sees net sales rise to 3% to US$3.436bn in 3Q2029 October 2020, Published under Cement NewsCemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m. Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per cent on a LfL basis to US$723m. Operating EBITDA rose 16 per cent to US$246m on a LfL basis, versus... |
Summit Materials sees revenue fall 3% in 3Q2029 October 2020, Published under Cement NewsUSA-based Summit Materials saw its net revenue decrease 3.1 per cent YoY in the 3Q20 to US$645.2m, compared to US$665.8m in the corresponding period of last year. For the three months ended 26 September 2020, sales volumes increased 3.1 per cent YoY in aggregates but decreased one per cent in ready-mix concrete, 6.4 per cent in asphalt and 11.3 per cent in cement. Average selling prices fell 2.2 per cent YoY for aggregates, and edged up 0.5 per cent in cement and 4.6 per cent in ready-mix... |
Siam Cement reports 57% rise in profit for 3Q2029 October 2020, Published under Cement NewsThailand’s Siam Cement saw a 57 per cent YoY rise in consolidated net profit to THB9.74bn (US$311.6m) for the third quarter of 2020, with the result attributed to an 80 per cent increase in chemicals profit and increased efficiencies from its cement segment. However, consolidated revenue declined nine per cent YoY to THB100.94bn due to a fall in chemicals selling prices. For the first nine months of 2020, profit rose five per cent YoY to THB26.10bn on the back of an improved contributi... |
Cemex Latam Holdings records net sales decline of 8% in 3Q2029 October 2020, Published under Cement NewsCemex Latam Holdings announced that its consolidated net sales declined by eight per cent in 3Q20 and EBITDA improved by 19 per cent compared to 3Q19. A controlling interest net loss of US$109m was recorded during the 3Q20. Operating EBITDA in Colombia reached US$28m, 59 per cent higher on a like-to-like basis compared to 3Q19. Net sales rose by one per cent to US$115m on a like-to-like basis compared to 3Q19. In Panama operating EBITDA reached US$1m up 54 per cent compared with 3Q19. ... |
Eastern Province Cement posts 19% rise in profit28 October 2020, Published under Cement NewsSaudi Arabia’s Eastern Province Cement reported a net profit of SAR43m (US$11.47m) in the 3Q20, rising 19.4 per cent YoY from SAR36m in the year-ago period. However, the company's revenues declined by 8.6 per cent to SAR159m from SAR174m in the 3Q19. During the first nine months of 2020, the company's net profits rose 38.6 per cent YoY to SAR158m from SAR114m in the corresponding period of 2019. Its revenues also advanced 4.9 per cent to SAR539m against SAR514m in the 9M19. |
Caribbean Cement sees sales increase 11% in 9M2028 October 2020, Published under Cement NewsJamaica’s Caribbean Cement has seen its sales rise 11.1 per cent YoY to JMD15bn (US$102.8m) in the 9M20, compared to JMD13.5bn in the year-ago period. The company’s gross profit of JMD7bn from the first nine months of this year equates to what the company made in the full-year 2019 period, according to the Jamaica Gleaner. In the third quarter of 2020, the company saw profits reach JMD1.2bn from JMD5.8bn of revenue. This compares to the JMD77m profit in the 3Q19 from sales of JMD4.4bn. ... |
China Shanshui Cement sees operating revenue decline 5%27 October 2020, Published under Cement NewsChina Shanshui Cement has seen its profit attributable to shareholders decline 6.7 per cent YoY to CNY2.33bn (US$346.97m) for the nine months ended 30 September 2020. Operating revenue also decreased 4.6 per cent YoY to CNY15.31bn in the 9M20. |
Hail Cement sees 200% increase in profit26 October 2020, Published under Cement NewsSaudi Arabia’s Hail Cement Co has reported a 200.4 per cent rise in profits to SAR22.8m (US$6.08m) for the third quarter of 2020, compared with SAR7.59m in the year-ago period. Revenue also increased 15.2 per cent YoY to SAR71.7m in the 3Q20. During the period from January to September, the company’s profits surged to SAR84.8m, an increase of 200.5 per cent YoY. |