Cement News tagged under: corporate
Sephaku Holdings' profit eroded by rising costs14 November 2023, Published under Cement NewsSephaku Holdings (Sephold) reported revenue of ZAR626.6m (US$33.44m) in the six months ended 30 September 2023, marking a 19.7 per cent YoY improvement. However, net profit after tax over the same period declined from ZAR26.7m to ZAR19.7, while headline earnings per share fell from 11.26 cents to 7.54 cents, reports IOL. According to the company, although activity in the construction industry improved, particularly in the civil construction and non-residential sectors, the rising cost... |
Meghna Cement Mills posts 71% profit fall in FY22-2314 November 2023, Published under Cement NewsMeghna Cement Mills Ltd of Bangladesh posted its financial result for the year ending on 30 June 2023 on the Dhaka Stock Exchange’s website. The company reported that its profit plummeted to BDT15.81m (US$0.142m) from BDT558m a year ago, thus registering a 71 per cent fall in profit YoY. Meanwhile, local media attributed the decline in revenue earnings to the currency devaluation and higher finance costs, bringing the income of Meghna Cement Mills to its lowest since its 1995 listing ... |
JK Cement announces passing of Jitendra Singh14 November 2023, Published under Cement NewsIndia’s JK Cement has announced the sudden passing of Jitendra Singh, its former chief information officer (CIO). Mr Singh suffered a heart attack on 12 November 2023, aged 56. “We are deeply saddened in sharing the news of the sad demise of our former Chief Digital Officer Mr Jitendra Singh who took his last breath at Meerut on November 12, 2023. He had a cardiac arrest. May God give him eternal rest and family the strength to bear the great pain. His last rites shall be performed in... |
New chairman in Attock Cement14 November 2023, Published under Cement NewsCompany Secretary, Attock Cement Pakistan Ltd , Irfan Amanullah, informed Pakistan Stock Exchange Ltd (PSX) on 13 November that after the recent election of directors of the company held on 23 October 2023, Shuaib A Malik has been appointed chairman by the Board of Directors. |
LafargeHolcim Bangladesh registers a 58% growth in profit during 9M2313 November 2023, Published under Cement NewsLafargeHolcim Bangladesh ( Holcim group ) saw a 58 per cent YoY growth in profit to BDT5.21bn (US$77.2m) for January-September 2023 period against BDT3.308bn earned in the corresponding period of last year, according to company financial results. The profit growth was possible due to a 55 per cent growth in operating profit to BDT6.63bn in 9M23. During the period, the company's sales volume stood at BDT21.64bn from BDT16.98bn, a rise of 27.4 per cent up from the same period of the previou... |
Birla Corp reports 14% revenue growth in 2QFY2413 November 2023, Published under Cement NewsBirla Corp has reported revenue of INR22,858.3m (US$274.5m) in the 2QFY24 ended 30 September 2023. This marks a 14.3 per cent YoY increase. Net profit in the 2QFY24 came in at INR583.7m, compared to a loss of INR564.6m in the same period a year earlier. The rise in profit has been attributed to a number of factors, including cost initiatives and optimisation of the power and fuel mix, according to the company. Cement sales over the same three-month period advanced by 14.8 per cent YoY to 4... |
Ramco Cements reports YoY profit advance13 November 2023, Published under Cement NewsThe Ramco Cements Ltd recorded total income of INR23,427.9m (US$281.3m) in the quarter ended 30 September 2023. This compares to INR22,489.m in the previous quarter and INR17,932m in the same period a year earlier. Net profit after tax has advanced from INR114.7m in the quarter ended 30 September 2022 to INR1013m in the corresponding period in 2023, while earnings per share improved from INR0.48 to INR4.28 over the same timeframe. Total expenses also increased, up from INR17,771.8m in t... |
Anjani Portland Cement reports revenue fall YoY13 November 2023, Published under Cement NewsAnjani Portland Cement Ltd , a subsidiary of Chettinad Cement Corp Pvt Ltd , has reported total income of INR1011.5m (US$12.14m) in the quarter ended 30 September 2023. This compares to INR1109.5m in the previous quarter and INR1069.7m in the same quarter in the previous year. The company has posted a loss of -INR64.2m in the September 2023 quarter, up from the loss of -INR106.6m in the quarter ended 30 September 2022. Total expenses over the same period fell from INR1081.6m to INR1180.... |
Al Jouf Cement Co's profit balloons 836.43% YoY in 9M2313 November 2023, Published under Cement NewsAl Jouf Cement Co announced the initial consolidated financial results for the period ending 30 September 2023 on the Saudi Stock Exchange. The company saw its net income surge to SAR72.6m (US$19.36m) for the first nine months of 2023 (January-September), compared to SAR7.8m for the same period in 2022. This interprets into the expansion of profit 836.43 per cent YoY. The sales/revenue jumped to SAR217m from SAR172m during this period and grew 26.3 per cent over the past period. The incr... |
Orient Cement sees revenue expand 17% YoY13 November 2023, Published under Cement NewsOrient Cement, part of the CK Birla Group , has reported total income of INR7222.4m (US$86.6m) in the 2QFY24, ended 30 September 2023. This marks a 16.5 per cent increase on the same period a year earlier. Net profit in the September 2023 quarter came in at INR246.2m, compared to a net loss of INR94.9m in the 2QFY23. The quarter also saw the company approve a reduction in the solar power plant capacity for its Jalgaon plant from 5.5MWdc to 3.7MWdc to help maximise return on investme... |