Cement News tagged under: corporate
Arkan posts net loss in 9M2013 November 2020, Published under Cement NewsUAE-based Arkan Building Materials Co has recorded a net loss of AED3.71m (US$1.01m) in the first nine months of 2020, compared to an AED36.13m profit in the corresponding period of last year. The company’s revenues fell 14 per cent YoY to AED581.02m from AED675.5m in the 9M19. The lower revenues were attributed to a decrease in cement sales volumes and falling prices due to the impact of COVID-19. "Whilst this unprecedented time has tested the resilience of many organisations, I am proud... |
Cementir sales up but profit slips in 9M2013 November 2020, Published under Cement NewsCementir posted a revenue of EUR896.8m in the nine-month period ended 30 September 2020 down one per cent YoY, according to a company statement. EBITDA declined 2.1 per cent to EUR178.1m from EUR181.8m. Profit before taxes decreased 2.3 per cent to EUR81.2m in January-September 2020 when compared with EUR83.7m in the equivalent period of the previous year. “In the first nine months of 2020, despite the serious pandemic, the Group reported a 11.3 per cent increase in cement volumes sold, m... |
Star Cement posts 31% fall in profit13 November 2020, Published under Cement NewsIndia’s Star Cement has seen a 30.8 per cent fall in standalone net profit to INR381.2m (US$5.1m) in the quarter ending 30 September, compared with INR550.8m in the year-ago period. The company’s net revenue edged up three per cent YoY to INR3.85bn from INR3.74bn in the 2QFY19-20. Operating expenses rose 8.4 per cent to INR3.36bn from INR3.1bn. |
Titan Group reports revenues of EUR1202m in 9M2012 November 2020, Published under Cement NewsTitan Group announced its consolidated revenue totalled EUR1202.4m for the 9M20, a marginal decline of 0.5 per cent when compared with the revenue in the 9M19. Operating profitability (EBITDA) in January-September 2020 rose by 10.1 per cent to EUR229.4m. Net profit after taxes and minorities in the 9M20 was EUR58m compared to EUR45.2m in 9M19. In the 3Q20 Titan Group’s revenue fell by 1.7 per cent compared to the 3Q19 at EUR416m, while group EBITDA in the 3Q20 grew by 7.4 per cent to EUR9... |
Burnpur Cement sees net loss widen in 2Q12 November 2020, Published under Cement NewsIndia’s Burnpur Cement has seen its standalone net loss widen to INR297.8m (US$3.99m) in the second quarter of FY20-21, against an INR21.3m loss in the 2QFY19-20. However, net revenue advanced 19.3 per cent YoY to INR228.5m from INR191.5m. The company’s operating expenses increased 102.7 per cent to INR362.9m from INR179m in the year-ago period. |
Shree Cement records 64% increase in profit12 November 2020, Published under Cement NewsIndia’s Shree Cement has seen a 64 per cent YoY increase in consolidated net profit to INR5.23bn (US$70.71m) for the quarter ending 30 September 2020, compared with INR3.13bn in the corresponding period of last year. Revenue from operations advanced eight per cent to INR32.5bn from INR30.04bn in the 2QFY19-20. The company’s EBITDA also rose 17 per cent YoY to INR9.9bn. In the first half of FY20-21, revenue from operations declined 9.1 per cent YoY to INR57.3bn from INR63.07bn. Consolidate... |
Eagle Cement Corp sees net sales down 16%12 November 2020, Published under Cement NewsPhilippine-based Eagle Cement Corp has reported a net profit of PHP1.4bn (US$28.96m) in the 3Q20, remaining unchanged from the year-ago period. However, its net sales were down 16 per cent YoY to PHP4.1bn. "The resumption of major infrastructure projects and retail segment boosted sales. We are optimistic that fourth-quarter results will be better as more sectors of the economy are reopened," said Paul Ang, president. Eagle Cement’s nine-month net sales declined 35 per cent to PHP10bn ... |
Tanga Cement continues plans for Arusha plant12 November 2020, Published under Cement NewsTanga Cement has said talks with the government regarding its new cement grinding plant in Arusha, Tanzania, are still in progress. The factory will be able to produce between 500,000-750,000tpa, according to Tanga Cement's Country Executive, Ben Lema. The discussions with the government started in 2016. "We are still in talks with the government on a project to build a cement grinding plant in Arusha that will move services closer to the people of the Northern Region zone and other su... |
Loma Negra reports surge in net profit for the 3Q2011 November 2020, Published under Cement NewsArgentina’s Loma Negra has seen its net revenue decrease 4.5 per cent YoY to ARS10.756bn (US$143m) in the third quarter of 2020, compared with ARS11.26bn in the year-ago period. However, adjusted EBITDA advanced 11.6 per cent to ARS3.389bn from ARS3.037bn in the 3Q19. The company’s net profit surged to ARS6.449bn from ARS83m in the corresponding period of 2019. Sales volumes of cement, masonry and lime in Argentina increased 2.9 per cent to 1.53Mt during the quarter, reflecting a sustai... |
JK Cement sees net profit surge 106%11 November 2020, Published under Cement NewsIndia’s JK Cement has reported a 105.5 per cent YoY rise in standalone net profit to INR2.24bn (US$30.1m) for the quarter ending 30 September 2020, compared to INR1.09bn in the year-ago period. Net revenue also advanced 23.6 per cent to INR15.51bn from INR12.54bn in the 2QFY19-20. The company’s operating profit climbed 61.7 per cent YoY to INR4.12bn from INR2.54bn. |