Cement News tagged under: corporate
South Valley Cement profit down 54% in 201817 May 2019, Published under Cement NewsEgypt-based South Valley Cement Co posted a profit of EGP10.18m (US$597,032) in 2018, representing a 54 per cent YoY dropwhen compared with EGP22.14m reported in 2017, according to as statement to the Egyptian Exchange (EGX). Revenues declined to EGP798.93m in 2018 from EGP1.02bn in the previous year. The company’s operating profit margin fell sharply due to higher production costs and a fall in cement prices as supply rose while demand eased. |
Yura sees 7% fall in profit for the 1Q1916 May 2019, Published under Cement NewsPeru’s Yura has posted a 7.1 per cent YoY drop in profits to PEN37.6m (US$11.3m) for the first quarter of 2019, with the decrease attributed to lower sales and greater sales costs. Overall sales fell by 3.4 per cent to reach PEN222.6m. Domestic sales fell by 2.8 per cent due to lower public investment, while exports declined 41 per cent on the back of the launch of Yura production in Bolivia and lower demand in Chile. Meanwhile, the cost of sales increased 6.4 per cent to PEN125.7m due... |
Arabian Cement records 96% fall in profit16 May 2019, Published under Cement NewsEgypt’s Arabian Cement has reported a 96.3 per cent YoY decline in consolidated profits for the first quarter of 2019, declining to EGP5.97m (US$350,284) from EGP162.01m in the year-ago period. Sales fell to EGP827.85m in the 1Q19, compared to EGP913.93 in the corresponding period of last year. Stand-alone results show a 97.4 per cent decrease in profits to EGP4.23m from EGP160.95m. |
Lucky Cement receives corporate excellence award16 May 2019, Published under Cement NewsLucky Cement Ltd has been awarded the 34th Corporate Excellence Award 2019 in the Cement Sector by the Management Association of Pakistan, for the fifth time in a row, last month. Lucky Cement stated in an announcement : "We thank our employees, business partners, customers and other stakeholders for helping us achieve this recognition. We continue to strive hard to reach new heights whilst focusing on the larger objective of continuing economic growth efforts of Pakistan." Before thi... |
LafargeHolcim reports net sales growth of 6% in 1Q1915 May 2019, Published under Cement NewsLafargeHolcim reported strong growth in net sales for 1Q19, rising 6.4 per cent and an over-proportional increase in recurring EBITDA, up 20.6 per cent. Group net sales of cement for 1Q19 amounted to CHF4079m up from CHF3995m in 1Q18, advancing by 2.1 per cent. Aggregate net sales climbed to CHF813m, up from CHF764m, an increase of 6.4 per cent on 1Q18. The group's ready-mix net sales in 1Q19 totalled CHF1223m, up 3.6 per cent from CHF1181m in 1Q18. The Solutions and Products sector recor... |
Cementir shows strong 1Q recovery15 May 2019, Published under Cement NewsCementir's first-quarter turnover recovered by 9.1 per cent to EUR264.4m (US$296.4m) and EBITDA rose by 39.8 per cent to EUR33.7m, while at the trading level the advance was reduced to 23.6 per cent to EUR7.8m. At the pretax level, there was a swing from a EUR7.2m profit to a loss of a EUR0.3m. Net debt at the end of March was EUR416.4m compared with EUR387.1m a year earlier, to give a gearing level of 16.9 per cent. The number of employees increased by 2.6 per cent to 3063. Shipments of ... |
Cahya Mata Sarawak reports 5% rise in net profit15 May 2019, Published under Cement NewsMalaysia's Cahya Mata Sarawak Bhd (CMS) has announced a five per cent YoY increase in net profit to MYR40.76m (US$9.76m) from MYR38.98m for the first quarter of 2019, with the rise attributed to a stronger performance across its core businesses. Quarterly revenue advanced 17.8 per cent to MYR418.8m, compared to MYR354.99m in the year-ago period. The company’s cement division reported a 67 per cent higher profit before tax in the quarter due to higher sales and lower clinker production cost... |
Buzzi Unicem 1Q19 benefits from better weather15 May 2019, Published under Cement NewsBuzzi Unicem's first-quarter turnover rose by 21.7 per cent to EUR656m (US$735.2m), having fallen by 8.4 per cent a year earlier, with turnover having improved in all countries apart from Brazil. Net debt at the end of March was 16.1 per cent higher at EUR1033.5m. Cement deliveries improved by 16.9 per cent to 6Mt, while group ready-mixed concrete deliveries advanced by 7.3 per cent to 2.6Mm³. The Italian turnover improved by 16.6 per cent to EUR119.6m, thanks to the better weather condit... |
Britain's largest cement plant has economic worth valued15 May 2019, Published under Cement NewsHope Cement plant (Breedon group) has had an independent economic assessment report on its contribution to the local economy, which has been estimated at GBP53m. The economic impact assessment report was commissioned from global management, engineering and development consultancy Mott Macdonald by Breedon. Its aim was to establish how much the works contributes both financially and in terms of employment to the Peak District National Park (PDNP). The 2017 report reveals the plant employed ... |
Argos' consolidated revenues rise 14% in 1Q1914 May 2019, Published under Cement NewsIn the first three months of 2019, Argos reported revenues of US$693.8m, an increase of 14 per cent on 1Q18. Operating EBITDA reached US$99.39m, 3.7 per cent higher, while net profit totalled US$4.9m. Total cement volumes for Argos amounted to 3.8Mt, 4.7 per cent higher than in 1Q18, while concrete volumes rose by 2.3 per cent to 2.4Mm 3 . "These results are the reflection of a great teamwork that results in the growth of our revenues and volumes, the increase of our financial flexibility... |