Cement News tagged under: corporate
Cemex records 1Q21 net sales of US$3.4bn30 April 2021, Published under Cement NewsCemex has announced its 1Q21 results with EBITDA growing on a YoY basis in all regions. Consolidated net sales increased nine per cent to US$3.4bn. Operating EBITDA improved 28 per cent to US$684m, while the EBITDA margin increased to 20.1 per cent, 2.8 percentage points higher year over year. Net debt and leverage were reduced materially during the first quarter. Net debt plus perpetuals fell by US$547m, while leverage ratio was reduced to 3.61 times, almost half-a-turn reduction... |
Ambuja Cements has posted a 30% rise in net sales30 April 2021, Published under Cement NewsIndia’s Ambuja Cements (LafargeHolcim) has posted a 29.7 per cent YoY rise in net sales to INR35.79bn (US$483.19m) for the January-March 2021 quarter, compared to INR27.6bn in the year-ago period. The company’s EBITDA also advanced 62 per cent YoY to INR9.77bn, while its EBITDA margin climbed to 27.3 per cent from 21.9 per cent. "India demand growth has been strong in the last quarter which has also helped the sales volume growth and commercial performance. We are also proud to witness th... |
Dalmia Bharat sees surge in consolidated profit30 April 2021, Published under Cement NewsIndia’s Dalmia Bharat has reported a surge in consolidated profit to INR6.4bn (US$86.45m) for the final quarter of the FY20-21, compared to INR240m in the year-ago period, on the back of a higher revenue from operations and a tax credit. Revenue from operations increased 32.1 per cent YoY to INR32.81bn from INR24.83bn in the 4QFY19-20. The company saw a tax credit of INR2.12bn during the quarter, against a tax expense of INR410m last year. |
Lucky Cement announces record profits29 April 2021, Published under Cement NewsPakistan’s Lucky Cement has reported a record consolidated profit after tax of PKR22.15bn (US$144.39m) in the first nine months of the FY20-21. The company’s net profit surged 292 per cent YoY, on the back of improved profitability from its cement segment which saw better efficiency from its new line in northern Pakistan. Gross turnover advanced 63 per cent to PKR202.16bn from PKR123.99bn in the 9MFY19-20. On a standalone basis, its overall sales volumes of cement climbed 31.1 per cent to... |
Shree Digvijay Cement posts 8% rise in income29 April 2021, Published under Cement NewsIndia’s Shree Digvijay Cement Co has announced a total income of INR5.09bn (US$68.8m) in the full-year period ended 31 March, up 7.9 per cent YoY from INR4.72bn. Net profit declined 4.3 per cent YoY to INR539.9m from INR564.3m in the FY19-20. In the final quarter of the fiscal, the company saw its total income rise 21.5 per cent to INR1.77bn and its net profit increase 96 per cent YoY to INR274.3m. |
PT Indocement Tunggal Prakarsa sells 4Mt of cement in 1Q2129 April 2021, Published under Cement NewsThe 1Q21 cement sales of PT Indocement Tunggal Prakarsa Tbk have seen a pick up. Indocement Director and Corporate Secretary, Antonius Marcos, said that in March 2021, the company recorded sales of 1.4Mt, more than 200,000t higher sales than in the previous month. Indocement reached 4Mt during 1Q21 (3.9Mt in 1Q20) and the company still believes that sales growth in 2021 can reach four per cent higher than in 2020. This year, Indocement will strengthen its sales in Sumatra... |
Northern Cement posts 89% rise in profit29 April 2021, Published under Cement NewsJordan’s Northern Cement has announced an 88.8 per cent rise in profit to JOD1.8m (US$2.54m) in the first quarter of 2021, compared to JOD953,243 in the year-ago period. Sales also increased 32.4 per cent YoY to JOD9m from JOD6.8m in the 1Q20. |
Thal Ltd plans bag plant in Hub in Balochistan29 April 2021, Published under Cement NewsThal Ltd, a subsidiary of House of Habib and paper bag manufacturer to a range of industries including Pakistan's cement companies, is setting up a plant to manufacture polypropylene woven bags in Hub with an investment of PKR1.7bn (US$11m). The state-of-the-art plant that has the capacity to produce 90m bags annually has been procured from Windmöller & Hölscher of Germany. Expressing his views on this new investment, CEO of Thal PPD, Syed Umair Ahmed, said, "Thal Ltd also has a p... |
CRH releases 1Q21 trading update28 April 2021, Published under Cement NewsCRH has released a trading update ahead of its annual general meeting, which takes place tomorrow. The company has seen sales rise three per cent on a like-for-like basis in the first quarter of 2021, on the back of strong underlying demand and pricing progress across its key markets. "We had a positive start to the year in a seasonally quiet period for our business with good underlying demand and pricing progress across our key markets. While near-term uncertainties remain, we expect firs... |
GCC reports 9% increase in EBITDA28 April 2021, Published under Cement NewsMexico’s GCC has seen its consolidated net sales for the first quarter of 2021 decrease by 1.5 per cent to US$178.8m from US$181.4m in the 1Q20. This was primarily due to lower cement and concrete volumes in the US and the depreciation of the Mexican peso. However, this was partially offset by increased cement and concrete volumes in Mexico and a favourable price environment in both markets. The company’s EBITDA advanced 9.2 per cent YoY to US$49.5m from US$45.3m in the 1Q20, while the EBI... |