Cement News tagged under: corporate
LafargeHolcim's net sales fall to CHF5.293bn in 1Q2001 May 2020, Published under Cement NewsLafargeHolcim announced its 1Q20 results with net sales reaching CHF5.293bn (US$5.4bn), down 11.2 per cent from CHF5959m in the 1Q19. Recurring EBIT totalled CHF262m in the 1Q20, represening a decline of 14.1 per cent from CHF305m in the 1Q19. Jan Jenisch, LafargeHolcim CEO, said: "The company had a strong start to the year as 1Q20 performance remained well ahead of last year’s results until Mid-March, when the impact of COVID-19 spread beyond China into all business regions. Nevertheless ... |
Cemex sees consolidated net sales rise by 2% in 1Q2001 May 2020, Published under Cement NewsCemex announced a like-for-like consolidated net sales increase of two per cent during the 1Q20 to US$3.1bn compared to the 1Q19. Operating EBITDA rose by one per cent to US$534m in the 1Q20. The company reported higher prices for products in local currency terms in most regions, as well as higher volumes for three core products in the USA and Asia, Middle East and Africa regions, and higher volumes in Mexico. This was partially offset by lower volumes in Europe and South, Central America ... |
Breedon Group prepares to progressively reopen facilities01 May 2020, Published under Cement NewsBreedon Group Plc plans to progressively reopen some operations in a number of regions in Great Britain and in the Republic of Ireland, where customer demand supports it and where the company can open safely. Breedon Group Plc closed the majority of its sites on 26 March 2020 with more than 80 per cent of its staff furloughed in the UK or on temporary lay-off in the Republic of Ireland on full-pay. The reopening includes an anticipated return to clinker production at the company’s two cem... |
Anhui Conch Cement sees net profit decrease 19%01 May 2020, Published under Cement NewsChina-based Anhui Conch Cement has seen its net profit fall 19.2 per cent YoY to CNY4.91bn (US$693.3m) in the first quarter of 2020, compared to CNY6.08bn in the 1Q19. Revenue also declined to CNY23.21bn from CNY30.5bn last year. The company has not disclosed its guidance for future earnings. |
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. |