Cement News tagged under: business results
Ambuja Cements reports 51% increase in net profit23 October 2020, Published under Cement NewsIndia’s Ambuja Cements reported a 50.5 per cent YoY rise in consolidated net profit to INR8.04bn (US$109.15m) for the July-September quarter this year, compared to INR5.34bn during the year-ago period. Standalone profits also surged 88 per cent YoY to INR4.41bn, mainly on account of the company’s cost reduction programmes and volume growth. "Robust improvements in operational efficiency and cost reduction programmes coupled with volume growth, have led to an earnings increase for the quarte... |
Gharibwal Cement sees revenue advance 27% YoY23 October 2020, Published under Cement NewsPakistan’s Gharibwal Cement has reported a 27 per cent YoY rise in unaudited revenue for the quarter ending 30 September 2020, increasing to PKR2.6bn (US$16.19m) from PKR2.06m. The company also returned to a net profit of PKR263.3m from a PKR235.3m loss in the July-September 2019 period. |
UltraTech Cement records net sales of INR102.31bn in 2QFY2122 October 2020, Published under Cement NewsUltraTech Cement Ltd (Aditya Birla group) announced earned consolidated net sales of INR102.31bn (US$1.389bn) in 2QFY21 compared to INR94.86bn in 2QFY20. Profit after tax was INR1234m for the financial period ended 30 September 2020. On a standalone basis, net sales stood at INR98.95bn in 2QFY21 compared to INR91.23bn in 2QFY20. Profit before interest, depreciation and tax in 2QFY21 was INR26,990m and profit after tax was INR12,090m. Operating margins reached 27 per cent and for t... |
Yamama Cement sees revenues of SAR58.12m in 3Q2021 October 2020, Published under Cement NewsYamama Cement (YSCC) posted a revenue of SAR218m (US$58.12m) in 3Q20, a YoY growth of 16.6 per cent. Cement volumes grew by 24.9 per cent in 3Q20 compared to 3Q19 at 1.13Mt. Gross profits and operating income increased by 27 per cent YoY and 33.4 per cent YoY respectively, aided by higher volume and the resulting operating leverage. For the nine months, YCC registered a volume growth of 23.9 per cent YoY. Growth was aided by strong momentum in real estate activities in the local... |
Shiva Cement to set up new 4000tpd unit21 October 2020, Published under Cement NewsIndia’s Shiva Cement has announced plans to set up a new 4000tpd clinker unit and 1Mta grinding plant. The total cost of the project is expected to reach INR15.3bn (US$208.02m), with the ground-breaking ceremony expected to take place on 22 October 2020. The company also reported a net loss of INR62.6m in the quarter ending September 2020, compared with a net loss of INR62.3m in the year-ago period. Net sales declined 6.5 per cent YoY to INR52.3m, according to the Business Standard. |
Carthage Cement sees reduced COVID-19 impact on 3Q results21 October 2020, Published under Cement NewsTunisia-based Carthage Cement reported a less severe impact of the COVID-19 pandemic on its turnover in the third quarter of 2020. The company’s turnover fell by six per cent to TND172m (US$63m) from TND183m in the 3Q19. In the 2Q20 turnover had fallen by 16 per cent due to the pandemic. Turnover in the domestic market increased six per cent YoY to TND151m when compared with the 3Q19 turnover of TND143m. Exports declined to TND1.193m when compared with TND1.225m in the 3Q19. However, del... |
CSN reports cement revenues of BRL259m in 3Q2020 October 2020, Published under Cement NewsCompanhia Siderúrgica Nacional (CSN) reported 3Q20 results for its cement division with net revenue of BRL259m (US$46.2m), up 50 per cent QoQ due to higher sales volumes, which rose by 16 per cent compared to 2Q20. CSN’s cement division achieved an EBITDA record of BRL100m (US$17.8m) in 3Q20. " When it comes to cement, to give you an idea, the market capacity is 100Mt, a theoretical capacity at present the capacity that is available to the market is of 75 and if we analyse the third q... |
ACC sees EBITDA rise 21% in the 3Q2020 October 2020, Published under Cement NewsIndia’s ACC Ltd has reported a 19.8 per cent YoY increase in consolidated profit after tax to INR3.64bn (US$49.59m) for the 3Q20, against INR3.03bn during the same period last year. Operating EBITDA also advanced 20.5 per cent YoY to INR6.71bn from INR5.57bn. Overall net sales remained flat at INR34.68bn from INR34.64bn in the July-September period last year. The company saw net sales growth of four per cent YoY in its cement segment, with sales volumes also reaching 6.49Mt from 6.44Mt... |
South Valley Cement sees net loss contract in the 1H2019 October 2020, Published under Cement NewsEgypt’s South Valley Cement has seen its net loss contract to EGP69.82m (US$4.45m) in the 1H20, compared with EGP100.82m in the 1H19. However, in the 2Q20 sales declined 21.5 per cent YoY to EGP196m from EGP249.67m in the corresponding period of 2019. |
LafargeHolcim Bangladesh posts 3% increase in net sales16 October 2020, Published under Cement NewsLafargeHolcim Bangladesh recorded a three per cent rise in net sales during the third quarter of this year, increasing to BDT3.655bn (US$43.09m) from BDT3.558bn in the 3Q19. "Our efforts on health, cost and cash have ensured that we stay focused during the crisis while our fast progress on digital helped us being effective in the market place" said Rajesh Kumar Surana, CEO and country representative. Profit after tax advanced 71 per cent to BDT654m for the 3Q20, compared to BDT381m in ... |