Cement News tagged under: corporate
UltraTech Cement records positive results for FY18-1925 April 2019, Published under Cement NewsIndia’s UltraTech Cement (Aditya Birla Group) has reported a 9.6 per cent YoY increase in consolidated profit after tax to INR24.35bn (US$347.6m) for the year ended 31 March 2019. Revenue for the fiscal rose 20.4 per cent to INR367.75bn from INR305.41bn. However, the company noted in an exchange filing that its results for the FY18-19 and final quarter are not comparable with previous periods due to the merger of Binani Cements into the company. In the 4QFY18-19 UltraTech Cement saw its co... |
Maple Leaf Cement Factory records net profits of PKR1.89bn in 9MFY18-1925 April 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has announced its financial results for the nine-month period ended 31 March 2019 by declaring a net profit for the period of PKR1.89bn (US$13.34m), down 43.9 per cent YoY as compared to PKR3.37bn in the same period last year. Net sales of MLCFL during the 9MFY18-19 decreased to PKR18.28bn from PKR19.22bn during this period. MLCFL incurred a distribution cost of PKR607m, up when compared with PKR551m in the same period last year. The administrative e... |
RHI Magnesita raises refractory prices by 5% globally25 April 2019, Published under Cement NewsRHI Magnesita has announced a global price increase for its products and solutions across both the steel and industrial divisions of five per cent across its portfolio. "To further accelerate investment in technology, environmental solutions, regulatory demands and the production infrastructure necessary to serve our clients, we are adjusting our prices to sustainable levels. This will fully reflect the value of our investments in backward integration as well as our intense service-based mo... |
DG Khan Cement's net profit falls by 47%25 April 2019, Published under Cement NewsDG Khan Cement (DGKC) has announced its unconsolidated financial results for 9MFY19. It reported net profit after tax of PKR2.62bn (US$18.5m), down 47 per cent YoY. The company's net sales surged by 30 per cent YoY to PKR 30.37bn from PKR 23.37bn during this period on the back of increases in cement prices and volumes (mainly exports), a research house remarked. Other highlights include a 46 per cent YoY increase in distribution expenses to PKR1bn, reportedly on account of a rise in exp... |
Thatta Cement's achieves net profit after tax of PKR164m25 April 2019, Published under Cement NewsThatta Cement Company Ltd (TCC), announced its financial results for 9MFY19 on 24 April. It reported net profit after tax of PKR164m (US$1.16m), down 47 per cent when compared to PKR307m in the year-ago period. TCC's net sales increased to PKR2.89bn from PKR2.17bn during this period, representing a growth of 33 per cent YoY. The company incurred higher distribution expenses of PKR208m and administrative expenses fell to PKR77m compared to PKR7m and PKR95m, respectively in nine months of t... |
CRH reports positive 1Q1924 April 2019, Published under Cement NewsAhead of tomorrow's AGM, CRH reports that the group has had a positive start to the year with 1Q19 like-for-like group sales seven per cent ahead of 1Q18. Sales volumes benefited from mild weather conditions and good momentum across most major markets for the group. Sales growth was also supported by pricing progress, reports CRH. Like-for-like sales for America Materials operations were four per cent up in 1Q19, while aggregate and asphalt volumes were ahead of 1Q18 due to favourable wea... |
Shiva Cement announces net loss in the 4QFY18-1924 April 2019, Published under Cement NewsIndia’s Shiva Cement has reported a net loss of INR51.2m (US$732,110) for the quarter ended March 2019, against a net profit of INR24.1m during the year-ago period. Sales declined 5.6 per cent YoY to INR84.2m from INR89.2m. For FY18-19, the company’s net loss narrowed to INR212.6m from INR310.9m. Meanwhile, sales increased 16.3 per cent to INR293.8m in the full-year period, compared with INR252.6m of the previous financial year. |
Al Jouf Cement to convert second line to white cement production24 April 2019, Published under Cement NewsSaudi Arabia’s Al Jouf Cement Co has signed a non-binding memorandum of understanding with Riga Co to convert its second line to the production of white cement. The line, which to date produced grey cement, reportedly entered trial production in 2013 and currently has a clinker capacity of 5000tpd. The company has stated that the agreement will enter into force on the date it is signed for a period of six months. |
Carthage Cement sees revenues up 3% in 1Q1923 April 2019, Published under Cement NewsTunisia-based Carthage Cement has reported a three per cent increase in revenues for the first quarter of 2019. Revenues were up to TND59.771m (US$19.889m) from TND54.862m. The company’s clinker and cement output expanded 10 and 26 per cent, respectively when compared with the 1Q18. However, clinker exports were down YoY to TND8.5m due to disruption at the ports, which led to deliveries being postponed from March to April 2019. In aggregates production increased by three per cent YoY b... |
Qassim Cement announces 2% drop in 1Q19 net profit23 April 2019, Published under Cement NewsSaudi Arabia’s Qassim Cement has announced that its net profit for the 1Q19 has fallen 2.1 per cent YoY to SAR56m (US$14.93m) from SAR57.2m. The company also reported that its sales for the first quarter increased 3.7 per cent to SAR153.4m, compared with SAR147.9m of the year-ago period. |