Cement News tagged under: business results
PPC sees group revenue decline 2% YoY16 October 2020, Published under Cement NewsSouth Africa-based PPC has seen its group revenue decline two per cent YoY to ZAR10.241bn (US$618.23m) in the year ending 31 March 2020, compared with ZAR10.494bn in the previous year. Excluding Zimbabwe, revenue fell seven per cent from ZAR9.047bn to ZAR8.380bn, mainly due to a decline in revenues from South Africa cement. Furthermore, the company posted a loss of ZAR2.39bn in the FY19-20 against a ZAR162m profit in the year-ago period. Cost of sales declined three per cent YoY to ZAR8.2... |
Yanbu Cement sees a 33% rise in net profit16 October 2020, Published under Cement NewsSaudi Arabia’s Yanbu Cement has seen a 5.4 per cent YoY increase in revenue to SAR240m (US$64m) for the third quarter of 2020, against SAR227.97m in the 3Q19. The company also saw a 33.2 per cent YoY rise in net profit to SAR82.48m from SAR61.94m in the year-ago period. The improvement was attributed to higher revenue and lower expenses. Over the nine-month period ended 30 September, Yanbu recorded a net profit of SAR210.12m, up 20 per cent YoY from SAR174.9m in the 9M19. |
Raysut Cement reports 5% fall in revenue15 October 2020, Published under Cement NewsOman’s Raysut Cement has announced its unaudited results for the 9M20, reporting a five per cent YoY fall in revenue to OMR65.24m (US$169.67m) from OMR62.13m in the year-ago period. The company also saw a OMR10.65m loss after tax for the nine months ending September 2020, compared to an OMR1m profit in the 9M19. |
Taiwanese manufacturers report 9M20 results12 October 2020, Published under Cement NewsTaiwan Cement Corp has seen a 3.7 per cent YoY fall in September revenue to TWD9.75bn (US$340.96m) from TWD10.12bn in the same month last year. In the first nine months of 2020, revenue declined 6.1 per cent to TWD82.25bn from TWD87.56bn. Elsewhere, Lucky Cement saw its September revenue advance 21.9 per cent YoY to TWD380.77m from TWD312.44m in the year-ago period. In the 9M20, revenue climbed 26.3 per cent YoY to TWD3.36bn from TWD2.66bn. |
Steppe Cement sees 5% revenue increase for the 3Q2009 October 2020, Published under Cement NewsKazakhstan’s Steppe Cement saw a 5.2 per cent YoY increase in revenue to KZT11.11bn (US$26m) for the 3Q20, up from KZT10.56bn a year earlier. However, its sales volume declined four per cent to 556,162t. Average prices for delivered cement advanced to KZT18,841/t from KZT18,157/t. Kazakhstan’s cement market is expected to expand two per cent YoY in 2020. |
Universal Cement Corp sees 9% rise in revenue in 9M2008 October 2020, Published under Cement NewsTaiwan’s Universal Cement Corp saw a 15.3 per cent YoY rise in revenue in September 2020 to TWD450.89m (US$15.73m) from TWD391.2m in the same month last year. In the first nine months of 2020, revenue increased 9.4 per cent to TWD3.89bn from TWD3.55bn. |
Qalaa Holdings achieves 105% YoY growth in 2Q2001 October 2020, Published under Cement NewsQalaa Holdings has reported its consolidated financial results for the quarter ended 30 June 2020, with revenues of EGP7.4bn (US$470m), up 105 per cent YoY. " Qalaa’s performance was anchored by a recovering cement market in Sudan and an optimised pricing strategy by Al Takamol, which played a key role in offsetting the impacts of Egypt's underperforming cement market," said Qalaa Holdings' Chairman and Founder, Ahmed Heikal. |
PPC delays FY20 earnings results30 September 2020, Published under Cement NewsPPC of South Africa has delayed the release of its full-year earnings for a third time as it finalises its financing. The new date for the financial disclosure is now set for 5 October 2020. PPC has been making adjustments to the valuations of assets in Ethiopia and the Democratic Republic of Congo, and the company hopes to conclude a deal with South African lenders in October, reports BNN Bloomberg. PPC reported a resurgence of construction activity in South Africa in June and July and do... |
India Cements expects improvement29 September 2020, Published under Cement NewsIndia Cements’ Managing Director, N Srinivasan, has announced that the company expects an improvement in performance going forwards. "With further relaxation of lockdown measures, there are expectations of increased public spending on rural infrastructure, irrigation, road building and other projects. This, along with a pick-up in individual home building and construction, is expected to improve cement demand," said the MD. Improving conditions in its key markets, such as in Andhra Pra... |
Fauji Cement sees 17% fall in net sales24 September 2020, Published under Cement NewsPakistan’s Fauji Cement has released its full annual report for the FY19-20 period, ending 30 June 2020, showing a 17.1 per cent YoY fall in net sales to PKR17.23bn (US$103.7m) from PKR20.79bn. EBITDA also declined to PKR1.79bn from PKR6.04bn in the FY18-19. The company’s operating profit dipped to PKR11.67m from PKR4.46bn in the previous fiscal year. It also saw a net loss of PKR59.38m against an PKR2.82bn profit in the FY18-19. "During the FY19-20, the cement industry faced a number of c... |