Cement News tagged under: corporate
Al Jouf Cement sees surge in net profit for the 3Q2002 November 2020, Published under Cement NewsSaudi Arabia’s Al Jouf Cement reported a 643.4 per cent YoY surge in net profit to SAR8.22m (US$2.19m) for the third quarter of 2020, compared to SAR1.1m in the corresponding period of last year. The company’s revenue advanced to SAR68.9m in the July-September period, rising 155.5 per cent YoY. The growth in quarterly earnings was supported by an increase in sales volume and value, coupled with a decrease in the cost of sales per tonne as production rose, according to a stock exchange sta... |
LafargeHolcim records 3Q20 net sales of CHF6.46bn30 October 2020, Published under Cement NewsLafargeHolcim recorded 3Q20 net sales of CHF6.455bn (US$7.046bn), down 9.6 per cent on the 3Q19. Recurring EBIT totalled CHF1.45bn in the 3Q20, rising 1.9 per cent YoY. Group cement volumes saw a modest decline of one per cent YoY to 52Mt from 52.5Mt in the 3Q19, with the segment's net sales falling nine per cent YoY to CHF4.12bn from CHF4.51bn. For the first nine months of the year, group net sales reached CHF17.15bn, declining 15.1 per cent from CHF20.2bn recorded in the 9M19. ... |
GCC reports a 7% decline in net sales30 October 2020, Published under Cement NewsMexico’s Grupo Cementos de Chihuahua (GCC) reported a 6.8 per cent YoY decline in consolidated net sales to US$281.1m for the third quarter of 2020, compared with US$301.7m in the 3Q19. The fall was primarily due to decreased cement volumes in the US, concrete volumes in Mexico and the depreciation of the Mexican peso, according to its earnings report. However, it was partially offset by higher cement volumes in Mexico and a favourable price environment in both markets. Consolidated net sa... |
BUA Cement shows 21% surge in revenue30 October 2020, Published under Cement NewsNigeria’s BUA Cement has shown 21 per cent growth in revenue for the first nine months of 2020, rising to NGN156.55bn (US$412.05m) from NGN129.43bn in the 9M19. Profit after tax also advanced 24 per cent YoY from NGN43.25bn to NGN53.57bn. "We are quite optimistic about the future because it affords us not only with the opportunity to further evolve our business model but also provides an opportunity for accelerated development. We will continue to push to new markets aided by a focused di... |
Umm Al-Qura Cement announces 37% revenue increase30 October 2020, Published under Cement NewsSaudi Arabia’s Umm Al-Qura Cement has announced a 37 per cent YoY rise in revenue to SAR87.61m (US$23.36m) for the third quarter of 2020, compared to SAR63.96m in the year-ago period. Net profit also surged 68.5 per cent to SAR31.91m from SAR18.94m in the 3Q19. |
Fecto Cement records 21% rise in net sales30 October 2020, Published under Cement NewsPakistan’s Fecto Cement saw its net sales advance 20.5 per cent YoY to PKR1.08bn (US$6.76m) in the third quarter of 2020, against PKR897.7m in the year-ago period. The company also announced a contraction in its loss after tax to PKR39.35m from PKR52.9m in the 3Q19. |
Sberbank consolidates 100 per cent shares of Eurocement Group30 October 2020, Published under Cement NewsSberbank has consolidated 100 per cent of the share in the parent company of Eurocement Group (GFI Investment Ltd). The bank is currently searching for investors interested in Eurocement Group’s shares but is expected to write off part of the debt. Eurocement operates 19 cement plants and is the largest cement producer in Russia. Eurocement has more than 60Mt of cement and producer more than 11Mm 3 of concrete. It also has more than 5.5bnt of raw materials. As of 30 September 2020... |
Cemex sees net sales rise to 3% to US$3.436bn in 3Q2029 October 2020, Published under Cement NewsCemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m. Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per cent on a LfL basis to US$723m. Operating EBITDA rose 16 per cent to US$246m on a LfL basis, versus... |
Summit Materials sees revenue fall 3% in 3Q2029 October 2020, Published under Cement NewsUSA-based Summit Materials saw its net revenue decrease 3.1 per cent YoY in the 3Q20 to US$645.2m, compared to US$665.8m in the corresponding period of last year. For the three months ended 26 September 2020, sales volumes increased 3.1 per cent YoY in aggregates but decreased one per cent in ready-mix concrete, 6.4 per cent in asphalt and 11.3 per cent in cement. Average selling prices fell 2.2 per cent YoY for aggregates, and edged up 0.5 per cent in cement and 4.6 per cent in ready-mix... |
Siam Cement reports 57% rise in profit for 3Q2029 October 2020, Published under Cement NewsThailand’s Siam Cement saw a 57 per cent YoY rise in consolidated net profit to THB9.74bn (US$311.6m) for the third quarter of 2020, with the result attributed to an 80 per cent increase in chemicals profit and increased efficiencies from its cement segment. However, consolidated revenue declined nine per cent YoY to THB100.94bn due to a fall in chemicals selling prices. For the first nine months of 2020, profit rose five per cent YoY to THB26.10bn on the back of an improved contributi... |