Cement News tagged under: business results
Tokyo Cement Co (Lanka) Plc sees 23% fall in turnover in 4QFY2027 May 2020, Published under Cement NewsTokyo Cement Co (Lanka) PLC said the group recorded LKR8.4bn (US$45.1m) turnover for the 4QFY20, which represents a 23 per cent reduction when compared to 4QFY19. The company recorded LKR4.9bn turnover for the 4Q20, which is 36 per cent reduction when compared to 4QFY19. The company has ensured production, distribution, and sales of products and services across the island with limited stoppages during the COVID-19 pandemic. However, retail and construction sites within the Western provinc... |
Dangote Cement sees 2% advance in 1Q EBITDA26 May 2020, Published under Cement NewsDangote Cement Plc reported a 3.8 per cent YoY increase in group revenue to NGN249.2bn (US$638.2m) for the first quarter of 2020 in its unaudited results for the three months ended 31 March 2020. Group EBITDA edged up 2.2 per cent to NGN114.2bn with an EBITDA margin of 45.8 per cent during this period. Pan-African EBITDA surged 23.4 per cent YoY to NGN14.6bn in the 1Q20, reflecting a 20.9 per cent margin. Profit before tax advanced 11.5 per cent YoY to NGN88.1bn. The company’s net debt stood... |
Birla Corp posts 52% rise in net profit26 May 2020, Published under Cement NewsIndia’s Birla Corp has posted a 52 per cent YoY surge in net profit to INR1.95bn (US$25.76m) in the quarter ending 31 March 2020, while total income was down 9.4 per cent to INR17.18bn. Capacity utilisation during the 4QFY19-20 declined to 93 per cent from 98 per cent, on the back of a 13 per cent YoY drop in sales volumes to 3.3Mt. In the FY19-20 net profit advanced 98 per cent YoY to INR5.05bn. Orient Cement Birla Corp subsidiary, Orient Cement, recorded a 29 per cent YoY decline in... |
Al Jouf Cement sees 4% rise in revenue for 1Q2026 May 2020, Published under Cement NewsSaudi Arabia’s Al Jouf Cement has seen a 3.5 per cent YoY increase in revenue to SAR58.8m (US$15.68m) in the first quarter of 2020, compared to SAR56.85m in the year-ago period. Net profit has also surged to SAR15.21m from SAR1.49m in the 1Q19. |
Votorantim Cimentos sees net revenue up 9% in 1Q2022 May 2020, Published under Cement NewsVotorantim Cimentos' financial statement for the period ended 31 March 2020 reported net revenue up nine per cent to BRL2747m (US$494.6m) from BRL2524m in the 1Q19, while adjusted EBITDA fell to BRL232m from BRL586m in the 1Q19. Group cement volumes declined slightly to 6.3Mt from 6.4Mt in the year-ago period. Net revenues in Brazil in 1Q20 rose to BRL1563m from BRL1536m in 1Q19. Positive market dynamics were seen before the outbreak of COVID-19 in March. However, the expansion project at ... |
Sumitomo Osaka Cement reports 40% increase in profit22 May 2020, Published under Cement NewsJapan’s Sumitomo Osaka Cement has reported a 40 per cent YoY rise in net profit to JPY10.92bn (US$101.63m) for the fiscal year ending 31 March 2020, compared with JPY7.8bn in the FY18-19. Sales were down 2.4 per cent to JPY245.1bn from JPY251.06bn, but operating profit advanced 13.8 per cent YoY to JPY16.1bn in the FY19-20. The company’s profit was reportedly supported by its cement and building materials segments. |
JK Lakshmi Cement sees 151% increase in net profit22 May 2020, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a 150.5 per cent YoY increase in net profit to INR986.3m (US$13.04m) in the final quarter of FY19-20, against INR393.8m in the corresponding quarter of the previous fiscal. However, the company’s revenue from operations was down 11.1 per cent YoY to INR11.37bn from INR12.79bn in the 4QFY18-19. The company has attributed the results to an improved product mix, market optimisation, alongside a reduction in logistic costs and improvements in plant effic... |
Ciments du Maroc sees turnover down 10% in 1Q2022 May 2020, Published under Cement NewsCiments du Maroc (HeidelbergCement) reported a 9.9 per cent YoY drop in cement sales volumes in the first quarter of 2020 as the coronavirus pandemic affected the market. The company’s turnover declined 9.8 per cent YoY to MAD869m. Investments in the 1Q20 reached MAD14.8m, up 43.4 per cent when compared with the 1Q19. |
UltraTech Cement Ltd records net sales of INR105.8bn in 4QFY19-2021 May 2020, Published under Cement NewsUltraTech Cement Ltd (Aditya Birla Group) announced its financial results for the 4Q and full year ended 31 March 2020. 4QFY19-20 Consolidated net sales reached INR105.8bn (US$1.39bn) vis-à-vis INR121.7bn in the corresponding period of the previous year. Profit before interest, depreciation and tax was at INR26.4bn versus INR26.72bn in the year-ago period. Profit after tax was INR32.43bn compared to INR10.64bn in the 4QFY18-19. Full-year results For the full year, consolidated net s... |
BUA Cement reports 48% rise in revenue in 201921 May 2020, Published under Cement NewsNigeria’s BUA Cement has reported a 47.5 per cent rise in revenue to NGN175.52bn (US$452.35m) for 2019, compared to NGN119.01bn in the previous year. EBITDA also surged 47.2 per cent YoY to NGN81.99bn from NGN55.7bn, while its EBITDA margin remained flat at 47 per cent. However, profit after tax was down 5.4 per cent YoY to NGN60.61bn in 2019, attributed to an NGN26.76bn tax credit given in 2018. "Going forward, our focus is to further harness the full benefits of the merger while making ... |