Cement News tagged under: corporate
Dewan Cement reports 60% fall in net profit29 April 2019, Published under Cement NewsPakistan’s Dewan Cement Ltd (DCL) has announced its financial results for the third quarter ended 31 March, reporting a 59.6 per cent YoY decline in net profit to PKR394m (US$2.78m) from PKR975m. The company’s net sales fell 8.5 per cent to PKR9.46bn from PKR10.34bn during the 3QFY18-19. It also incurred a higher distribution cost of PKR175m, against PKR158m of the year-ago period. Administrative expenses rose to PKR472m from PKR412m. DCL has a cement capacity of 1.76Mta in Dhabeji, Si... |
Chile’s CBB lays out investment plan29 April 2019, Published under Cement NewsIn its AGM Chilean cement producer CBB has highlighted the recent inauguration of its Arica cement plant in northern Chile and presented the company’s further investment projects. Representing an investment of US$20m, the company plans a 0.2Mt cement plant in Arequipa, Peru, with an option to expand the unit at a later date. "We are very satisfied with both projects, part of the Transforma 2021 Strategic Plan, as it allows us to strengthen our position in the markets of northern Chile and... |
Lucky Cement reports strong export sales in 9MFY18-1929 April 2019, Published under Cement NewsPakistan’s Lucky Cement Ltd has reported a PAT of PKR8.29bn (US$58.53m) during the nine-month period ended 31 March, a 15.4 per cent fall compared to PKR9.80bn of last year. The profit declined despite the company having achieved an overall gross sales revenue growth of 3.3 per cent YoY to PKR52.32bn from PKR50.63bn, with the increase attributed to higher export sales volumes for clinker. However, the cost of sales during the 9MFY18-19 increased by 14.1 per cent per tonne, mainly due to an i... |
Anhui Conch 1Q net profit sees 27% hike29 April 2019, Published under Cement NewsChinese cement major Anhui Conch Cement Co posted a 27.3 per cent YoY increase in net profits in the first quarter of 2019 following strong growth last year. Conch Cement said in a filing to the Shanghai Stock Excchange it earned a net profit of CNY6.08bn (US$903.5m) in the first three months of the year. Revenues surged 62.5 per cent to CNY30.5bn. |
CRH continues share buy-back29 April 2019, Published under Cement NewsCRH plans to repurchase EUR350m (US$390.6m) of ordinary shares between 29 April and 16 August 2019, according to a company statement. Under the terms of the buyback, ordinary shares will be repurchased on the London Stock Exchange and/or Euronext Dublin. CRH has entered into non-discretionary instructions with J&E Davy to conduct the transaction on its behalf and to make trading decisions under the buy-back independently of CRH in accordance with certain preset parameters. With the buy-ba... |
Cemex results supported by Europe in the 1Q1926 April 2019, Published under Cement NewsCemex has announced that its consolidated net sales increased by one per cent on a like-for-like basis to US$3.2bn during the first quarter of 2019, after adjusting for foreign exchange fluctuations. However, operating EBITDA decreased by three per cent YoY to US$562m. The increase in net sales has been attributed to the higher price of the company’s products, as well as higher volumes across its three core products in Europe, and in the company's US ready-mix and aggregates markets. "We ... |
ACC shows 38% growth in profit for the 1Q1926 April 2019, Published under Cement NewsIndia's ACC (LafargeHolcim group) has reported a 38 per cent YoY increase in profit after tax to INR3.46bn (US$49.51m) in the 1Q19, compared with INR2.5bn of the year-ago period. Total income advanced 11 per cent in the first quarter to INR40.76bn from INR36.72bn. Net sales also rose by eight per cent to INR38.50bn against INR35.57bn in the 1Q18. The company's cement segment was up 5.6 per cent YoY in sales volume during Jan-Mar 2019, reaching 7.5Mt from 7.1Mt. Revenue from the sector clim... |
Tabuk Cement posts 3M profit26 April 2019, Published under Cement NewsSaudi cement producer Tabuk Cement Co has returned to profit in the first quarter of 2019, posting a SAR3.63m (US$968,000) net profit. The rise has been attributed to increased revenues and investment returns, according to a company bourse statement. In 2018 the company reported a 316.4 per cent YoY hike in net loss after zakat and taxes to SAR98.84m while revenues fell 10.3 per cent to SAR149.44m. |
Ciments de Bizerte reports 7% rise in 1Q total revenues26 April 2019, Published under Cement NewsTunisia-based Les Ciments de Bizerte has reported a 6.9 per cent rise in total revenues to TND19.416m (US$6.4m) in the 1Q19 thanks to its resumption of exports, according to l’Economiste Maghrébin. Domestic sales in the period increased 5.1 per cent to TND19.364m while export sales reached 328,193t, up 25.7 per cent YoY. Output from the company’s production base fell 16.8 per cent YoY to 124,445t of cement in the 1Q19 while clinker production fell by 43.3 per cent YoY to 130,640t. The decr... |
Arabian Cement returns to profit in 1Q1926 April 2019, Published under Cement NewsArabian Cement net profits reached SAR37.1m in the first quarter of 2019, compared to net losses of SAR6.1m in the year-ago period, according to a statement to the Saudi Stock Exchange. Net profits surged 127.6 per cent QoQ from SAR16.3m in 4Q18. The company attributed the turnaround to higher revenues and lower costs. In addition, reduced general and administrative expenses and lower losses in its Jordan unit contributed to the more positive result. |