Cement News tagged under: corporate
Hail Cement returns to profit in 1Q2315 May 2023, Published under Cement NewsSaudi Arabian cement producer Hail Cement Co saw revenue decline by 9.9 per cent YoY to SAR61.85m (US$16.5m) in January-March 2023 from SAR68.61m. The company posted a profit of SAR18.51m in the 1Q23, an improved results when compared with net losses after zakat and tax of SAR-6.89m in the year-ago period. The company attributed the increased profitability to a reduction in costs of sales and zakat expenses. The net profit after zakat and tax in the 1Q23 fell by 17.1 per cent QoQ to SA... |
Universal Cement reports reports lower 1Q profit15 May 2023, Published under Cement NewsTaiwan-based Universal Cement Corp reported revenue of TWD1835m (US$59.4m) in the January-March 2023, up 19.8 per cent when compared with the equivalent quarter of 2022, when revenue was TWD1532m. However, pretax profit more than halved from TWD728.8m in the 1Q22 to TWD315.5m in the 1Q23. Net profit was down 60.6 per cent YoY to TWD272.9m in the 1Q23 from TWD691.9m. |
Votorantim Cimentos revenue jumps 18% in 1Q2312 May 2023, Published under Cement NewsVotorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 per cent to BRL779m, with a positive impact on the EBITDA margin, which stood at 13 per cent in the 1Q23, marking an increase of four percentage points on the 1Q22. The company ended the 1Q23 with a net profit of BRL78m, reversing the BRL317m loss seen in the first quarter of 2022. Cement sales in the first three month... |
FLSmidth reports 6% rise in cement revenue in 1Q2312 May 2023, Published under Cement NewsIn the 1Q23 FLSmidth’s cement revenue increased by six per cent excluding currency effects, and by nine per cent excluding Russia, when compared to the 1Q22. Cement EBITA continued the positive trend and increased by 28 per cent compared to the equivalent period in 2022. The corresponding Cement EBITA margin was 4.3 per cent in the 1Q23. Consolidated group revenue increased by 27 per cent excluding currency effects, and by 39 per cent excluding Russia, compared to the 1Q22. When adjusting... |
BUA Cement posts 9.7% rise in net revenue in 1Q2312 May 2023, Published under Cement NewsBUA Cement reports its net revenues rose by 9.7 per cent to NGN106.4bn for the quarter from NGN97bn (US$209.7m) in the same period a year ago. BUA Cement’s 1Q23 revenue per tonne increased by 18.5 per cent to NGN66,250/t from NGN55,904/t in the 1Q22. EBITDA declined by 2.8 per cent to NGN45bn from NGN46.3bn in the 1Q22. Earnings were offset by increases in raw materials, higher energy costs, depreciation charges, distribution costs and debt issue expenses. Costs of sales rose ... |
UltraTech Cement Ltd recognised by BSC International Safety Awards12 May 2023, Published under Cement NewsUltraTech Cement Ltd’ s five integrated units, one bulk terminal and one grinding unit have been recognised by the British Safety Council (BSC), winning awards for excellence in safety at the prestigious 65 th BSC International Safety Awards, 2023. The event to recognise the winners in India was held in Mumbai on 10 May 2023. UltraTech’s integrated unit at Dhar Cement Works , as well as Pune Bulk Terminal have received a ‘Distinction’ grade during the awards, recognising the hard ... |
Verder Group acquires Formulaction SA12 May 2023, Published under Cement NewsGerard Meunier, CEO of Formulaction (left) and Andries Verder, owner of the Verder Group (right) The Verder Group has acquired Formulaction SA of France. As part of the group’s Scientific Division Formulaction will be integrated into Microtrac MRB, a leading manufacturer of particle characterisation systems. Formulaction is a recognised innovator in the field of laboratory equipment for analysing dispersion stability & shelf life, curing and drying processes and rheology.... |
Titan reports a robust 1Q performance11 May 2023, Published under Cement NewsTitan Cement International SA saw a “very strong start to the year” with first-quarter 2023 sales up 29.3 per cent YoY to EUR588.1m, driven by increased demand in some key markets due to mild weather conditions and good pricing performance. EBITDA saw a 131 per cent jump to EUR107.1m when compared with a low-base 1Q22. The margin expanded due to sales growth, cost performance reflecting the benefits from investment projects as well as an improved energy mix with higher alternative fuel u... |
Loma Negra 1Q net profit sees 19% drop11 May 2023, Published under Cement NewsLoma Negra , part of InterCement do Brasil , posted net sales revenues of ARS40,590m (US$197m) in the 1Q23, up 2.9 per cent YoY, on the back of good top line performance of concrete and aggregate segments that offset a drop in cement revenues. Consolidated adjusted EBITDA reached ARS10,636m, down 19.7 per cent YoY in adjusted pesos, while in US dollars it reached US$63m, up 5.8 per cent YoY. The consolidated adjusted EBITDA margin contracted 738 basis points you to 26.2 per cent in the 1... |
Cementos Pacasmayo 1Q net profit down by 5%11 May 2023, Published under Cement NewsRevenues of Peru-based Cementos Pacasmayo SA declined 8.6 per cent YoY to PEN480m (US$131.4m) in the first quarter of 2023. "The intense rains that hit the north of the country, produced by Cyclone Yaku, affected the company's operations, especially in February and March. The foregoing was offset by the increase in average cement and concrete prices compared to 1Q2022," according to a report from Kallpa SAB. EBITDA decreased by 5.3 per cent YoY to PEN120.7m in the 1Q23. However, the EBI... |