Cement News tagged under: corporate
Cemex Philippines reports 9M net profit29 October 2019, Published under Cement NewsCemex Holdings Philippines Inc posted a net income of PHP875m (US$17.1m) in the first nine months of 2019, a reversal from the 9M18 loss of PHP663m as operating margins increased, income tax expenses were lower and the company gained in its foreign exchange transactions. Nine-month sales were up two per cent in 2019 to PHP18.2bn, said the company in a stock exchange filing. Domestic volumes declined six per cent in the 3Q19 due to a fall in construction activity, mainly in the public secto... |
Arabian Cement 3Q profit triples29 October 2019, Published under Cement NewsArabian Cement Co saw its net profits after zakat and tax surge to 320.8 per cent to SAR60.6m (US$16.2m) in 3Q19, compared to SAR14.4m in the 3Q18, reports Mubasher. Revenues of the Saudi cement company increased 64.1 per cent to SAR193.5m in the three-month period ended September. In 3M18 revenues reached SAR117.9m. In the first nine months of 2019, Arabian Cement achieved net profits of SAR135.1m, a considerable improvement when compared with losses of SAR42.5m in the year-ago period. ... |
Cement Co of Nigeria doubles 9M revenues29 October 2019, Published under Cement NewsCement Co of Nigeria saw 9M revenue advance 117.2 per cent to NGN42.51bn (US$5.3bn) in 2019 from NGN19.57bn in the 9M18, reports Reuters News. In addition, the company posted a 9M profit before income taxes of NBN11.68bn, up 103.8 per cent when compared with NGN5.73bn in the 9M18. Cement Co of Nigeria markets its cement under the Sokoto Cement brand name. The company is majority-owned by BUA International Ltd. |
Carthage Cement reports 7% rise in 9M revenues29 October 2019, Published under Cement NewsTunisia-based Carthage Cement saw total turnover increase by seven per cent YoY to TND183m (US$64.6m) in the 9M19 from TND171m in the 9M18, according to African Manager. Turnover in the domestic market advanced 42 per cent YoY, improving the company’s market share to 23 per cent from 17 per cent in the previous-year’s nine-month period. The cement company increased its clinker and cement production by 11 and 22 per cent, respectively, when compared with the 9M18. However, aggregates output... |
No large acquisitions for LafargeHolcim29 October 2019, Published under Cement NewsLafargeHolcim does not expect to be bidding for BASF’s construction chemicals business, according to CEO, Jan Jenisch. Following the divestment of some of its businesses and using the proceeds to pay down debt, the cement producer is more likely to look at smaller transactions and investment in its existing operations, Mr Jenisch said. "It's not like we have a couple of billions we want to throw at anyone. We are quite happy to have this new solid balance sheet, and have no plans to go ba... |
Cementos Polpaico sees 23% earnings rise in 9M1928 October 2019, Published under Cement NewsChile-based Cementos Polpaico, owned by the Hurtado Vicuña Group, reported earnings of CLP3869.19m (US$5.32m) in the 9M19, representing a rise of 22.8 per cent YoY. In the first nine months of 2018, the company’s earnings reached CLP3150.38m. The cement producers recorded income from ordinary activities of CLP132.68bn in the 9M19, a 9.4 per cent advance when compared with CLP121.321bn in the year-ago period. EBITDA increased 46.6 per cent YoY, explained by “a 9.4 per cent increase in reven... |
Egyptian market sees higher utilisation rates in 3Q1928 October 2019, Published under Cement NewsEgyptian cement has seen a recovery in its 3Q19 sales. Total dispatch volumes in 3Q19 for 20 cement companies researched by Naeem Holdings were up 6.3 per cent QoQ, while utilisation rates rose to 73 per cent compared to 69 per cent in 2Q19. According to the research house the companies that witnessed improved utilisation rates are Arabian Cement, Misr Beni-Suef, and Suez Cement (HeidelbergCement group) with rates of 85, 98 and 67 per cent, respectively. On the other hand, prices are l... |
Qassim Cement sees profits surge in 3Q1928 October 2019, Published under Cement NewsSaudi Arabia’s Qassim cement has seen its net profits after zakat and tax advance to SAR90.16m (US$24m) in the third quarter of 2019, from SAR5.68m in the 3Q18. The increase in profits was mainly ddriven by the rise in sales, investment return and an increase in other income. Total revenues jumped by 155.7 per cent to SAR190.17m. In the January-September 2019 period, net profits were up by 166.6 per cent to SAR 216.6m compared to SAR81.23m in the same period in 2018. Revenues advanced by 6... |
Higher prices ensure Holcim Philippines receives better 9M19 earnings28 October 2019, Published under Cement NewsIn a disclosure to the Philippine Stock Exchange, Holcim Philippines Inc said EBITDA almost doubled in the 9M19 to PHP1.2bn (US$23.4m) on cost improvements across all its operations coupled with better prices of cement and aggregates. Net income for the third quarter surged to PHP457.2m from PHP176.9m in the same period of the previous year. However, sales volumes were still lower than the third quarter of 2018 despite improved pricing resulting in lower net sales of PHP8.3bn from PHP8.5bn ... |
Cement companies announce dividends in Bangladesh28 October 2019, Published under Cement NewsTwo companies, out of seven listed cement companies in the Dhaka Stock Exchange (DSE) of Bangladesh, have announced cash dividends, subject to approval in the scheduled annual general meeting of each companies later this year. According to DSE, the Board of Directors of Confidence Cement Ltd, have recommended a 15 per cent cash and 15 per cent stock dividend for the year ended on 30 June 2019. The AGM is expected to be held on 22 December 2019. Confidence Cement has also informed that bonus... |