Cement News tagged under: business results
Gharibwal Cement announces 11% fall in net sales05 May 2020, Published under Cement NewsPakistan’s Gharibwal Cement has announced a 10.9 per cent YoY fall in net sales to PKR7.37bn (US$46.09m) in the 9MFY19-20 ended 31 March 2020, compared to PKR8.28bn in the year-ago period. The company also reported a net loss of PKR540.2m against a profit of PKR819.8m in the 9MFY18-19. During the January-March 2020 period, net sales declined 20.3 per cent YoY to PKR2.2bn. |
RHI Magnesita reports resilient 1Q cement business05 May 2020, Published under Cement NewsRHI Magnesita NV reports that the Industrial division continued to perform well in 1Q20, particularly in cement. Trading activity in the steel division remained weak in Europe and South America, largely offset by a robust performance in North America. Overall, demand levels were similar to the 1Q19 with EBITA slightly ahead, in line with management expectations. Raw material prices fell further in 2020, given the reduction in overall demand and uninterrupted supply from China, which has h... |
Cement Hranice records 5% sales increase04 May 2020, Published under Cement NewsCzech Republic-based Cement Hranice saw a 4.7 per cent YoY increase in sales to CZK1.78bn (US$71.45m) in 2019. However, the company’s net profit fell 2.3 per cent YoY to CZK501m. Domestic sales reached CZK1.347bn during the year. "Sale of cement and other products was 1.5 per cent lower in annual terms mainly due to a drop in supplies to the sister company, ZAPA Beton, in Slovakia," said Roman Michalcik, board member. The decline in net profit has been attributed to the growing cost... |
Arkan sees 14% decrease in net profit for 1Q2004 May 2020, Published under Cement NewsUAE-based Arkan Building Materials has seen a 13.8 per cent fall in net profit to AED10.53m (US$2.87m) during the first quarter of 2020, compared to AED12.21m in the year-ago period. Total revenues decreased 11.4 per cent YoY to AED208.17m from AED234.99m. "The challenging construction market has not been helped by the emergence of COVID-19, towards the end of the first quarter," said the chairman of Arkan, Jamal Salem Al Dhaheri. "The increase in operating profit is due to a better pe... |
Pakistan’s Dadabhoy Cement Industries Ltd narrows 9M loss04 May 2020, Published under Cement NewsPakistan-based Dadabhoy Cement Industries Ltd reported an operating loss of PKR1.73m (US$10,796m) in the nine-month period ended 31 March 2020, compared to an operating loss of PKR8.748m in the 9MFY18-19. Loss before taxation was down to PKR2.104m in the 9MFY19-20 from PKR10.303m the previous year’s nine-month result. Loss after taxation fell to PKR2.104m in the 9MFY19-20, down from PKR11.228m in the year-ago equivalent period. |
Holcim Philippines sees 29% fall in net profit04 May 2020, Published under Cement NewsHolcim Philippines has reported a 28.7 per cent fall in its net profit to PHP501.54m (US$9.93m) for the first quarter of 2020, compared to PHP703.86m in the year-ago period. Net sales also declined 10 per cent to PHP7.27bn due to lower prices and volumes, especially in March. "Like the rest of the country, our company was significantly affected by the COVID-19 pandemic and the government's efforts to address it," said John Stull, Holcim Philippines President and CEO. The company had ... |
Cemex's regional cement sales partially offset domestic market slump in 201901 May 2020, Published under Cement NewsCemex released its 2019 20F annual report this week, which highlights a significant fall in cement volumes in the company's domestic market of Mexico before the impact of COVID-19. While the US markets held up well in 2019 and Europe saw strong infractructure investment, it is not known how quickly the recovery will occur after the pandemic and Cemex expects all markets to be affected to varying degrees. Mexico Cemex's domestic cement sales volumes in Mexico fell by 15 per cent in 2019 co... |
LafargeHolcim's net sales fall to CHF5.293bn in 1Q2001 May 2020, Published under Cement NewsLafargeHolcim announced its 1Q20 results with net sales reaching CHF5.293bn (US$5.4bn), down 11.2 per cent from CHF5959m in the 1Q19. Recurring EBIT totalled CHF262m in the 1Q20, represening a decline of 14.1 per cent from CHF305m in the 1Q19. Jan Jenisch, LafargeHolcim CEO, said: "The company had a strong start to the year as 1Q20 performance remained well ahead of last year’s results until Mid-March, when the impact of COVID-19 spread beyond China into all business regions. Nevertheless ... |
Cemex sees consolidated net sales rise by 2% in 1Q2001 May 2020, Published under Cement NewsCemex announced a like-for-like consolidated net sales increase of two per cent during the 1Q20 to US$3.1bn compared to the 1Q19. Operating EBITDA rose by one per cent to US$534m in the 1Q20. The company reported higher prices for products in local currency terms in most regions, as well as higher volumes for three core products in the USA and Asia, Middle East and Africa regions, and higher volumes in Mexico. This was partially offset by lower volumes in Europe and South, Central America ... |
Anhui Conch Cement sees net profit decrease 19%01 May 2020, Published under Cement NewsChina-based Anhui Conch Cement has seen its net profit fall 19.2 per cent YoY to CNY4.91bn (US$693.3m) in the first quarter of 2020, compared to CNY6.08bn in the 1Q19. Revenue also declined to CNY23.21bn from CNY30.5bn last year. The company has not disclosed its guidance for future earnings. |