Cement News tagged under: business results
Cemex Latam Holdings sees an 11% decline in 1Q20 net sales01 May 2020, Published under Cement NewsCemex Latam Holdings (CLH) announced consolidated net sales of US$214m in 1Q20, a decline of 11 per cent compared to 1Q19. Operating EBITDA reached US$46m in the period, down 12 per cent YoY. Consolidated prices of grey cement and aggregates rose by three per cent and 11 per cent, respectively in 1Q20. Consolidated volumes of grey cement, ready-mix and aggregates declined by 11, 25 and 33 per cent, respectively in 1Q20 compared to 1Q19. Total debt declined by eight per cent YoY, reaching US... |
China Shanshui Cement records 29% revenue fall01 May 2020, Published under Cement NewsChina Shanshui Cement has recorded a 29 per cent fall in operating revenue to CNY1.83bn (US$258.83m) in the first quarter of 2020, compared to CNY2.58bn in the corresponding period of last year. The quarterly attributable loss has also widened to CNY382.6m from CNY210.9m, according to Reuters. |
Cementos Pacasmayo reports 4% fall in revenue01 May 2020, Published under Cement NewsPeru’s Cementos Pacasmayo has seen a 4.4 per cent YoY fall in revenue to PEN299.3m (US$88.88m) in the first quarter of 2020, against PEN313.2m in the 1Q19. Net income dropped 64.5 per cent YoY to PEN10.7m from PEN30.1m. Consolidated EBITDA also decreased 22.8 per cent YoY to PEN72.3m, compared to PEN93.6m in the corresponding period of last year. Total cement production volumes across the company’s three plants decreased 6.9 per cent YoY to 555,700t in the first three months of the 202... |
SCG reports 6% fall in revenue in the 1Q2030 April 2020, Published under Cement NewsThailand’s Siam Cement Group (SCG) has seen a six per cent YoY drop in revenue to THB105bn in the first quarter of 2020. Profit decreased 40 per cent YoY to THB6.97bn, due to the declining performance of its chemicals business on the back of decreased product margins. The company’s cement building materials segment reported a four per cent YoY decline in revenue to THB46.2bn, attributed to lower sales in the domestic market. Profit was also down two per cent YoY to THB2.7bn, but improved ... |
GCC sees 11% rise in consolidated net sales for 1Q2030 April 2020, Published under Cement NewsMexico’s Grupo de Cemento de Chihuahua (GCC) has announced an 11 per cent increase in consolidated net sales to US$181.4m for the first quarter of 2020. EBITDA also advanced 18.4 per cent YoY to US$45.3m from US$38.3m, with the EBITDA margin rising to 25 per cent from 23.4 per cent. "Both our divisions delivered strong results in the first quarter of the year, as the economic impacts of the pandemic weren't fully realised until late in the quarter. All of our operations are running at a st... |
Qizilqumsement reports 78% surge in net profit30 April 2020, Published under Cement NewsUzbekistan’s Qizilqumsement, the country’s largest producer, reported a 78.3 per cent increase in net profit to US$6.8m in the first quarter of 2020, according to Trend News. Net revenue advanced 16.7 per cent YoY to US$43.4m in the 1Q20, while gross profit was up 6.8 per cent to US$14.4m. |
Caribbean Cement reports 2% revenue increase30 April 2020, Published under Cement NewsJamaica-based Caribbean Cement reported a modest two per cent YoY improvement in revenue to JMD4.54bn (US$33.49m) for the first quarter of 2020. However, overall consolidated net income decreased 57 per cent YoY to JMD500m. The company also noted that it had implemented protocols to protect employees while also serving requirements and protecting cash flows during the COVID-19 pandemic. "We are following government regulations, while working to minimise, as much as possible, the impact o... |
Coal and crude prices beneficial for cement industry, says DG Khan Cement29 April 2020, Published under Cement NewsTwo of DG Khan Cement's senior management, Raza Mansha, CEO, and Farid Noor Ali Fazal, director, commented that falling coal and crude prices in international markets would reduce the cost of cement production in Pakistan, according to the company's 9MFY20 report. They also anticipate a rise in cement demand on the back of government big hydroelectric dam projects. According to the report, coal prices will remain low and may ease pressure on cost. Oil prices have hit rock bottom and are exp... |
Ambuja Cements has seen a 7% increase in net profit29 April 2020, Published under Cement NewsIndia’s Ambuja Cements has seen a 6.8 per cent increase in its consolidated net profit to INR7.43bn (US$97.5m) for the first quarter of 2020, compared to INR6.95bn in the year-ago period. However, revenue from operations declined 8.5 per cent YoY to INR62.5bn in the 1Q20, following a decline in volumes due to the country’s lockdown status. On a standalone basis, Ambuja Cements saw a 6.5 per cent YoY fall in first-quarter net profit to INR3.99bn from INR4.27bn. Revenue from operations w... |
Huaxin Cement reports 65% fall in 1Q20 profit29 April 2020, Published under Cement NewsChina’s Huaxin Cement has reported a 65 per cent YoY decline in net profit to CNY354.1m (US$50.06m) for the first quarter of 2020, according to Reuters. However, the company had posted a 22.4 per cent YoY rise in net profit to CNY6.3bn for the full-year 2019 period. |