Cement News tagged under: business results
Taiwan's cement producers see mixed results in May10 June 2020, Published under Cement NewsTaiwan Cement Corp has reported a 5.7 per cent YoY fall in revenue to TWD10.29bn (US$347.6m) for May 2020, compared with TWD10.9bn in the same month last year. In the first five months of the year, revenue declined 9.3 per cent to TWD42.48bn from TWD46.86bn. Elsewhere, Universal Cement Corp saw its revenue for the month down 4.3 per cent to TWD403.1m from TWD421.3m in May 2019. However, in the 5M20 revenue advanced 5.5 per cent YoY to TWD2.14bn. In May 2020, Lucky Cement’s revenue increas... |
Hsing Ta Cement sees 12% fall in revenue for May10 June 2020, Published under Cement NewsTaiwan’s Hsing Ta Cement saw an 11.7 per cent drop in revenue to TWD706.9m (US$23.77m) for May 2020, compared to TWD800.4m in the same month last year. In the first five months of the year, revenue declined 9.2 per cent YoY to TWD2.64bn from TWD2.91bn in the year-ago period. |
Sharjah Cement reports net loss in 1Q2009 June 2020, Published under Cement NewsUAE-based Sharjah Cement has reported a net loss of AED9.3m (US$2.5m) in the first quarter of 2020, compared to an AED802,000 net profit in the corresponding period of last year. The company’s consolidated revenue also fell 16.3 per cent YoY to AED128.16m from AED153.1m in the 1Q19. |
BUA Cement posts 25.1% rise in revenue08 June 2020, Published under Cement NewsBUA Cement has announced a 25.1 per cent YoY increase in revenue to NGN54bn (US$139.3m) in its financial results for the 1Q20. Profit before tax increased by 15.7 per cent YoY from NGN17.4bn to NGN20.1bn in the 1Q20, while profit after tax reached NGN19.8bn – a 26.2 per cent YoY increase from NGN15.7bn. Discussing the results, Yusuf Binji, Managing Director/CEO of BUA Cement, said the excellent performance in the 1Q financial results amid the outbreak of the COVID-19 pandemic is yet anothe... |
Eagle Materials posts record revenue in FY19-2004 June 2020, Published under Cement NewsUS-based Eagle Materials has reported a record revenue of US$1.45bn in the FY19-20, up four per cent from US$1.39bn in the previous fiscal year. Net earnings climbed three per cent YoY to US$70.89m from US$68.86m, while adjusted EBITDA edged up one per cent to US$471.5m. The company posted record revenue of US$315.4m in the final quarter of FY19-20, up 11 per cent from US$284.7m in the 4QFY19-20. Adjusted EBITDA increased 14 per cent YoY to US$103.4m. "Having achieved record results in fis... |
Sagar Cements sees 17% fall in revenue03 June 2020, Published under Cement NewsIndia’s Sagar Cements has reported a 94 per cent decline in consolidated net profit to INR11.8m (US$156,598) in the final quarter of FY19-20, compared to INR187.5m in the corresponding period of the previous fiscal. Revenue from operations fell 17 per cent to INR3.04bn from INR3.66bn in the 4QFY18-19. The results have been attributed to the impacts of the COVID-19 pandemic, which also affected logistics and labour movement, according to the company. |
Flying Cement reports 96% fall in sales02 June 2020, Published under Cement NewsPakistan’s Flying Cement Co saw a 95.9 per cent fall in sales to PKR35.62m (US$217,705) in the January-March period of 2020, compared to PKR858.47m in the year-ago period. The company also reported a net loss of PKR110.7m against a net profit of PKR64m in the corresponding period of the previous fiscal. In the first nine months of FY19-20, sales declined 63.6 per cent YoY to PKR964.6m from PKR2.65bn. The company’s net loss also widened to PKR14.87m from PKR48.68m in the FY18-19. |
Ras Al Khaimah slips into the red in 1Q01 June 2020, Published under Cement NewsIn its unaudited first-quarter results, Ras Al Khaimah Cement Co reported a 26 per cent drop in sales to AED36.838m (US$10.031m) in the first quarter of 2020 ended 31 March when compared with the equivalent period of the previous year, when sales reached AED49.774m. The company posted a gross loss of AED3.808m, against a gross profit of AED4.241m in the 1Q19 while net loss reached AED8.01m. In the 1Q19 Ras Al Khaimah Cement achieved a net profit of AED2.162m. |
Dangote Cement sees sales slow in 1Q2029 May 2020, Published under Cement NewsThis week Dangote Group reported its 1Q20 results, which saw group sales volumes decline by 0.6 per cent with the onset of the coronavirus in March. ICR now looks deeper at the regional breakdown of the company’s results. The domestic Nigerian market saw temporary restrictions imposed only in the last week of for the COVID-19 outbreak and therefore, cement volumes were not much affected in the 1Q20. However, sales volumes in April were trending lower. Still, Dangote estimates consumption ... |
Prism Johnson sees 61% fall in net profit29 May 2020, Published under Cement NewsIndia’s Prism Johnson Ltd, formerly known as Prism Cement, has reported a 61 per cent fall in standalone net profit to INR564.5m (US$7.47m) in the FY19-20, compared with INR1.46bn in the previous fiscal year. EBITDA was also down six per cent YoY to INR5.22bn from INR5.55bn. Cement volumes contracted by three per cent during the FY19-20, due to the country entering lockdown in March. Otherwise, cement volumes were expected to increase since they were up a modest one per cent YoY for the fi... |