Cement News tagged under: business results
Shree Cement posts 58% increase in profit12 May 2020, Published under Cement NewsIndia’s Shree Cement has seen a 57.6 per cent rise in consolidated net profit to INR5.36bn (US$70.78m) in the quarter ending 31 March 2020, compared with INR3.12bn in the year-ago period. The company’s total income remained largely consistent with last year at INR35.13bn from INR35.38bn. In the 4QFY19-20, the company’s fuel and power expenses declined 19.8 per cent YoY to INR6.98bn. During the full FY19-20 period, Shree Cement’s net profit advanced 52.1 per cent YoY to INR15.44bn from ... |
LafargeHolcim Bangladesh 1Q20 net profit rises 46%11 May 2020, Published under Cement NewsLafargeHolcim Bangladesh sustained its profitability during January-March 2020, despite the ongoing COVID-19 pandemic. LafargeHolcim Bangladesh's net profit surged about 46 per cent YoY to BDT522.45m (US$6.2m) in the 1Q20, against earnings of BDT357.81m in the 1Q19. The rise in profit can be attributed to a decrease in cost of goods sold, alongside a reduction in finance cost and lower income tax during this accounting period. However, the company said hat the increase of revenue for Januar... |
Arabian Cement sees 22% rise in profit11 May 2020, Published under Cement NewsSaudi-based Arabian Cement Co has recorded a 21.6 per cent increase in net profit to SAR45.1m (US$12.03m) for the first quarter of 2020, compared to SAR37.1m in the year-ago period. The company also reported an 8.2 per cent YoY rise in quarterly sales to SAR204.6m from SAR189.1m. |
Bamburi sees 37% drop in net profit in 201911 May 2020, Published under Cement NewsKenya-based Bamburi Cement has posted a 37 per cent YoY fall in net profit in 2019. Net profit declined to KES359m (US$3.39m) from KES572m in 2018. The company attributed the decrease in profit to reduced domestic cement consumption, low prices and an inability to access the Rwandan market due to the closure of the border with Uganda, denying its Uganda subsidiary Hima Cement access to the Rwandan market early last year. Bamburi’s revenues slipped by 1.2 per cent to KES36.79bn in 2019 fro... |
HeidelbergCement releases 1Q20 results07 May 2020, Published under Cement NewsHeidelbergCement has recorded a seven per cent decline in revenue to EUR3.93bn for the first quarter of 2020, compared with EUR4.24bn in the year-ago period. The company saw sales volumes across all lines increase in January and February, however, its volumes from mid-March were severely affected by the coronavirus pandemic. As a result, total cement and clinker sales volumes decreased three per cent YoY to 27.7Mt from 28.6Mt. Deliveries of aggregates also fell four per cent to 60.1Mt in t... |
Vicat post 3% sales increase in 1Q2006 May 2020, Published under Cement NewsVicat reported a 2.6 per cent advance in total consolidated sales in the January-March 2020 period to EUR615.5m from EUR600m in the 1Q19. At constant scope and exchange rates, consolidated sales edged up 0.2 per cent YoY. The company posted a 5.5 per cent rise in consolidated cement sales to EUR319m in the first quarter of 2020 – or an increase of 3.7 per cent at constant scope and exchange rates – when compared with the 1Q19. Concrete and aggregate sales were up 1.4 per cent YoY to EUR2... |
Argos records revenues of COP2.2trn in 1Q2006 May 2020, Published under Cement NewsIn the first three months of 2020, Argos (Grupo Argos) reported revenues of COP2.2trn (US$5.6bn), a figure that remains stable when compared to 2019. EBITDA, including the effect of IFRS16, was COP343bn, decreasing one per cent when compared to the same quarter of the previous year. During the period, the total volume of cement dispatched reached 3.6Mt, down 6.1 per cent, and ready-mix volumes fell 10.7 per cent to 2.1Mm 3 . "In general, the results were impacted mainly because of the clo... |
Tasek Corp reports 1Q20 results06 May 2020, Published under Cement NewsMalaysia’s Tasek Corp has posted a net profit of MYR4.19m (US$971,589) in the first quarter of 2020, compared with a net loss of MYR10.42m in the year-ago period. However, revenue declined 4.2 per cent YoY to MYR131.49m from MYR137.26m in the 1Q19. The cement sector saw an operating profit of MYR3.1m against a loss of MYR13m last year. However, sales volumes fell due to the close of operations related to the nationwide movement control order (MCO). Going forward, the company is expectin... |
Cemex Philippines sees net sales fall 10%05 May 2020, Published under Cement NewsCemex Holdings Philippines Inc announced that net sales decreased by 10 per cent during the 1Q20, versus the 1Q19, amounting to PHP5.6bn (US$110.7m). Domestic cement volumes decreased by four per cent versus 1Q19. An eight per cent increase in volumes during the first two months of the year was offset by the effects of the Enhanced Community Quarantine in Luzon and other quarantine measures around the country during the second half of March 2020. CHP’s domestic cement prices fell by six pe... |
Qalaa Holdings records revenues of EGP14.9bn in FY201905 May 2020, Published under Cement NewsQalaa Holdings of Egypt has reported total revenues of EGP14.9bn (US$945m), for its consolidated financial results for the year ended 31 December 2019, up 11 per cent YoY. Qalaa's EBITDA remained steady at EGP1.3bn in FY19 and increased by 17 per cent YoY in the 4Q19 to EGP325m. Flat full-year EBITDA was largely the result of a 60 per cent YoY decline in ASEC Holding’s EBITDA in FY19. The cement segment's performance was affected by an underperforming cement market in Egypt, and social an... |