Cement News tagged under: business results
Cemex Philippines announces 22% decline in net sales03 August 2020, Published under Cement NewsCemex Holdings Philippines has announced a 22 per cent decline in consolidated net sales to PHP9.6bn (US$195.6m) for the first half of 2020, while operating EBITDA was also down 22 per cent YoY to PHP1.8bn. Domestic cement volumes decreased by 17 per cent YoY during the 1H20 and domestic cement prices during both the second quarter and first half of 2020 were six per cent lower YoY. "The second quarter was very challenging for our company, with our volumes adversely impacted by quarantine... |
Sagar Cements sees 23% decline in revenue03 August 2020, Published under Cement NewsIndia’s Sagar Cements has reported a 23.3 per cent YoY decrease in revenue from operations to INR2.64bn (US$35.19m) in the first quarter of FY20-21, compared with INR3.44bn in the corresponding period of the last fiscal. Lower sales volumes following the country’s lockdown was regarded as one of the main reasons for the falling results. "The exodus of labour from construction sites also impacted the demand sentiments. With limited visibility on demand side, we focused our attention towards... |
1H20 results show regional impact of coronavirus on cement demand31 July 2020, Published under Cement NewsThis week, the cement industry majors have been announcing their business results for the first half of 2020. The business results of Dangote Cement, Cemex, UltraTech, HeidelbergCement, Titan and Vicat give the first clear indications of how the cement sector has been impacted and responded to the COVID-19 pandemic in various regions of the world. Africa Dangote Cement was first to announce its 1H20 results and announced a two per cent growth in revenue to NGN476.9bn (US$1.23bn). April... |
Vicat's 1H20 results see consolidated sales of EUR1.3bn31 July 2020, Published under Cement NewsVicat has announced 1H20 results with consolidated sales of EUR1.304bn, down 2.7 per cent from EUR1.340bn in 1H19. EBITDA reached EUR213m, representing a decline of 6.7 per cent on EUR228m earned in 1H19. The EBITDA margin stood at 16.3 per cent in the 1H20 compared with 17 per cent in 1H19. First-half operational sales of the cement business rose 0.9 per cent on a reported basis, and 1.9 per cent at constant scope and exchange rates. The concrete and aggregates business recorded a... |
Eagle Materials reports record 1Q results31 July 2020, Published under Cement NewsUS-based Eagle Materials revenues advance 15 per cent to a record of US$428m in the first quarter of FY20-21 (ended 30 June). Michael Haack, President and CEO, said, “Against the backdrop of a global health crisis and unprecedented business disruption, our Company continued to perform well during the quarter, and our markets have proven to be resilient in the current environment. The integration of the Kosmos Cement Business proceeded on schedule and for the first time in Eagle’s history, ... |
Tvornica Cementa Kakanj posts net profit surge in 1H31 July 2020, Published under Cement NewsBosnian cement company Tvornica Cementa Kakanj (TCK) more than doubled its net profit to BAM11.6m (US$7m) in the first half of 2020 from BAM5.3m in the 1H19. The company’s operating revenue advanced 30 per cent YoY to BAM41.8m in the 1H20 with operating costs rising 10.7 per cent to BAM29.7m according to TCK’s report to the Sarajevo Stock Exchange. |
HeidelbergCement's 1H revenue declines by 10% to EUR8.25bn30 July 2020, Published under Cement NewsHeidelbergCement Group revenues decreased by 10.4 per cent to EUR8.254bn compared to EUR9.212bn in 1H19 and the company posted a loss of EUR3.095bn for the 1H20. In addition to lower sales volumes, the decline in revenue is also due to the changed business policy at HC Trading, reported HeidelbergCement. Cement sales reached 56.3Mt in the 1H20, a decline of seven per cent from 61Mt in the 1H19. Aggregate sales totalled 134.8Mt in the 1H20, down seven per cent from 145.6Mt in the 1H19 and r... |
LafargeHolcim records net sales of CHF10.7bn in 1H2030 July 2020, Published under Cement NewsLafargeHolcim recorded net sales of CHF10.693bn (US$11.7m), a decline of18.1 per cent compared to the prior year of CHF13.059bn, reflecting the severe impact of the implementation of strict lockdowns of construction sites in several major operating countries. The strong appreciation of the Swiss franc against all currencies accounted for 6.2 per cent of the absolute decrease. Following the easing of the lockdowns, net sales in all five regions resumed prior-year levels by the end of June. R... |
Titan Group's 1H20 revenues stable at EUR786m30 July 2020, Published under Cement NewsTitan Group consolidated revenue in the 1H20 amounted to EUR786.3m, remaining largely stable (+0.1 per cent) over the same period the previous year. Group cement and cementitious volumes reached 7.9Mt in the 1H20, down two per cent from 8.1Mt in the 1H19. Ready-mix sales edged up 1.3 per cent YoY to 2.64Mm 3 from 2.6Mm 3 in 1H19, while aggregate volumes totalled 9.2Mt, up 2.6 per cent from 8.9Mt in 1H19. EBITDA was up 12 per cent YoY, reaching EUR136.8m, while the group's EBITDA margin r... |
Martin Marietta reports 1H cement gross profit up 26%29 July 2020, Published under Cement NewsUS-based building materials producer Martin Marietta posted total revenues of US$1.27bn in the 2Q20, representing a marginal decline from US$1.28bn in the 2Q19. However, the company’s gross profit increased 6.6 per cent from US$356.9m in the 2Q19 to US$380.5m one year later while earnings from operations advanced 7.2 per cent from US$285.9m to US$306.4m during the same period. Net earnings attributable to Martin Marietta were up 14.8 per cent to US$217.6m in the 2Q20 from US$189.5m in the ... |