Cement News tagged under: business results
SCG sees dip in Vietnam's revenue from sales06 August 2020, Published under Cement NewsThailand’s Siam Cement Group (SCG) has seen its revenue from sales in Vietnam drop five per cent YoY to VND13.1trn (US$564.6m) in the first half of 2020, according to Vietnam News. The figure accounted for 8.8 per cent of SCG’s total revenue during the six-month period. In the 2Q20, its revenue from sales in the country reached VND7trn, equivalent to 40 per cent of the total revenue from ASEAN markets, excluding Thailand, compared to 30 per cent in 2019. |
Sumitomo Osaka Cement posts 11% revenue fall06 August 2020, Published under Cement NewsJapan’s Sumitomo Osaka Cement has reported a 11.2 per cent YoY fall in revenue to JPY52.35bn (US$495.7m) in the quarter ending 30 June, against JPY58.92bn in the corresponding period of last year. Net profit also declined nine per cent YoY to JPY1.92bn from JPY2.11bn. Sumitomo Osaka Cement is Japan's third-largest cement producer. The company operates around 10.5Mta of cement capacity and 8.4Mta of clinker capacity at four integrated plants. |
South Valley Cement sees net loss widen 7% in 1Q2006 August 2020, Published under Cement NewsEgypt’s South Valley Cement Co saw its net loss widen seven per cent YoY to EGP41.39m (US$2.59m) in the first quarter of 2020, against an EGP38.45m net loss in the 1Q19. The announcement comes after the company reported a total net loss of EGP316m for 2019. |
Caribbean Cement sees 2% increase in revenue06 August 2020, Published under Cement NewsJamaica’s Caribbean Cement has seen a two per cent YoY increase in revenue to JMD4.8bn (US$32.62m) for the second quarter of 2020. Earnings before tax climbed 55 per cent to JMD1bn from JMD0.7bn in the 2Q19, while net income surged 41 per cent YoY to JMD0.5bn. “While it is still very early to fully evaluate the long-term effects of COVID-19 on our operations, we believe that this event has made us a stronger and more efficient organisation,” said Parris A Lyew-Ayee, chairman. |
Buzzi Unicem's 1H20 cement and clinker sales fall 3%05 August 2020, Published under Cement NewsBuzzi Unicem reports that group cement and clinker sales declined 3.4 per cent in the 1H20. The drop in volumes was concentrated in Italy and eastern Europe, due to the spread of the pandemic and to the associated restrictions on economic activity. In central Europe shipments were only slightly below the level reached in the same period of 2019. There was strong performance in the USA, despite the increasing challenges presented by COVID-19. Net sales achieved in the half year were substant... |
Ssangyong Cement reports 6% drop in net profit05 August 2020, Published under Cement NewsSouth Korea’s Ssangyong Cement has reported a six per cent YoY decline in net profit to KRW53.7bn (US$45.1m) in the second quarter of 2020, compared to KRW57.1bn in the year-ago period. However, operating income advanced 7.5 per cent to KRW90.7bn from KRW84.4bn. Revenue fell 9.2 per cent YoY to KRW385.2bn in the 2Q20. |
Alexandria Portland Cement reports widening net loss in 1H2005 August 2020, Published under Cement NewsEgypt’s Alexandria Portland Cement has announced its net loss widened 26 per cent YoY to EGP212.75m (US$13.29m) in the first half of 2020, up from EGP168.99m in the 1H19. The company’s sales dipped 10.4 per cent to EGP1.01bn in the January-June 2020 period, compared with EGP1.13bn in the corresponding period last year. |
FLSmidth's 1H20 revenue slips to DKK3.85bn04 August 2020, Published under Cement NewsIn the 2Q20 FLSmidth's revenue amounted to DKK3.846bn (US$608.8m) compared to DKK5.472bn in the 2Q19, down 30 per cent YoY with a 22 per cent decline in mining and a 41 per cent decrease in cement. The relatively sharper decline in cement was not only due to a more severe impact of COVID-19 on the cement industry but also a result of a lower level of cement capital orders in the past four quarters, reported FLSmidth. FLSmidth’s organic order intake declined by 29 per cent and organ... |
JK Cement estimates cement sales volumes for 1QFY2104 August 2020, Published under Cement NewsIndia’s JK Cement has estimated that its grey cement sales dropped 20 per cent YoY during the first quarter of FY20-21, compared to the corresponding period of the previous fiscal. However, the company noted that sales volumes are picking up gradually. Elsewhere, its white cement business saw a 50 per cent drop in sales during the 1QFY20-21, according to India Infoline. Capital expenditure during the current financial year is expected to be limited to INR7bn (US$93.27m). |
BUA Cement records 13% revenue increase in 1H2004 August 2020, Published under Cement NewsNigeria’s BUA Cement has announced a 12.7 per cent YoY increase in revenue to NGN101.3bn (US$261.07m) in the first half of 2020, with profit after tax also advancing 13.7 per cent YoY to NGN34.82bn. The company’s EBITDA margin also improved to 48.1 per cent in the 2Q20, compared to 45.6 per cent in the first quarter. "Despite the prevailing economic conditions, we are quite optimistic about the future because it affords us not only with the opportunity to further evolve our business mode... |