Cement News tagged under: corporate
Bestway Cement earns a rising profit of PKR11.89bn in FY22-2310 August 2023, Published under Cement NewsBestway Cement in Pakistan has earned a rising profit of PKR11.89bn (US$41.39m) for the FY22-23 (July 2022-June 2023) against a net profit of PRK10.23bn reported in the same financial period of 2022 – a YoY growth of 13.6 per cent, according to the company’s financial results posted on Pakistan Stock Exchange (PSX) on 8 August. The higher profit was possible due to increased gross sales/revenue, less discount, and administrative expenses incurred during this period. The finance cost ju... |
Burnpur Cement profits hit by higher costs10 August 2023, Published under Cement NewsIndia-based Burnpur Cement Ltd has reported total income from operations of INR497.2m (US$6m) in the quarter ended 30 June 2023. This compares to INR469.7m in the previous quarter and INR312.9m in the same quarter a year earlier. The company recorded a loss from continuing operations of INR183.5m in the June 2023 quarter, versus a loss of INR118.9m in the previous quarter, and INR179.2m seen in the quarter ended 30 June 2022. In terms of expenses, these have risen from INR491.4m in the... |
Mangalam Cement reports fall in revenue09 August 2023, Published under Cement NewsMangalam Cement Ltd , part of BK Birla Group, has reported revenue from operations of INR4205.3m (US$50.8m) in the quarter ended 30 June 2023. This compares to INR4593.3m in the previous quarter and INR5138m in the same quarter a year earlier. Net profit in the June 2023 quarter came in at INR83.6m, up from the INR42.8m recorded in the previous quarter, but down from the INR158.8m seen in the quarter ended 30 June 2022. Basic and diluted earnings per share fell from INR10.22 in the June ... |
Lucky Cement earned a net profit of PKR13.7bn in FY22-2309 August 2023, Published under Cement NewsLucky Cement earned an after-tax profit of PKR13.7bn (US$47,687m) in FY22-23 as compared to PKR15.3bn reported last year, mainly on account of higher tax charges because of the levy of super tax at 10 per cent on a perpetual basis in the Finance Act 2023. Lucky informed the Pakistan Stock Exchange (PSX) that its gross sales revenue increased by 15.9 per cent compared to last year. Although the local sales volumes declined by 14.9 per cent, the sales revenue increased by 16.9 per cent (... |
Ecocem to build limestone filler plant in Dunkirk09 August 2023, Published under Cement NewsEcocem France and Carrières du Boulonnais (CB Green group) have created a joint venture to build a filler grinding unit. The new plant will produce 600,000tpa of limestone filler that will partly replace clinker in the composition of cement to decarbonise its product line. The unit will be built near the Ecocem site at Port l'Ouest, Dunkirk. The joint venture is gradually expected to invest over EUR60m in the project. The current site produces cement from Arcelor Mittal's steel sla... |
Mining sector dominates FLSmidth 1Q23 results08 August 2023, Published under Cement NewsFLSmidth has reported group revenue of DKK6016m (US$886.6m) in the first quarter of 2023, up 27.8 per cent from the DKK4706m recorded in the 1Q22. Group EBITA over the same period declined 22.2 per cent to DKK235m, compared to DKK302m in the 1Q22. Group profit in the 1Q23 stood at DKK84m, down from DKK123m in the 1Q22. Group order intake for the three-month period was DKK5632m, a contraction from the DKK7018m seen in the 1Q22. Its cement business saw revenue of DKK1582m in the opening quar... |
Lafarge Jordan launches Shamel eco cement08 August 2023, Published under Cement NewsHolcim Ltd subsidiary Lafarge Jordan Cement has introduced Shamel, an environmentally friendly cement as part of the company’s sustainability drive. In a statement, Lafarge Jordan CEO, Samaan Samaan, highlighted the company's successful transformation in adopting an environmentally-conscious approach, noting that the entire product range has been revamped to embrace eco-friendly alternatives, a strategic move that resonates with the global vision of its parent company. "Shamel" represe... |
Buzzi SpA sees 1H23 volumes decline in Europe08 August 2023, Published under Cement NewsBuzzi SpA reported cement volumes declining across much of western Europe in the 1H23, while the USA saw volumes rise significantly. Hydraulic binders and clinker sales in Italy were stable in the first six months of the year (-0.3 per cent), thanks to the recovery recorded in the second quarter. Ready-mix concrete output contracted, albeit moderately (-2.5 per cent). Selling prices closed the half-year without any significant changes compared to the level reached at the end of 2022... |
Kohat Cement completes the buyback of 5m shares08 August 2023, Published under Cement NewsKohat Cement Co Ltd (KOHC) informed Pakistan Stock Exchange Ltd (PSX) on 3 August that in compliance with Regulation 10(g) of the listed companies (buy-back of shares) regulations, 2019, the company with this informs that Kohat Cement Co (the company) has completed the buy-back of its 5m ordinary shares in accordance with the approvals of the company's members given in its Extraordinary General Meeting of 21 February 2023. Accordingly, the purchase period for the buy-back is completed. ... |
Kunda Nordic Tsement is now Heidelberg Materials Kunda AS08 August 2023, Published under Cement NewsKunda Nordic Tsement ( Heidelberg Materials ) has changed its name to Heidelberg Materials Kunda AS . The name change followed the roll-out of the Heidelberg Materials global brand and this is now reflected in Estonia with the new name for the company's Kunda operations. The company emphasises that this is, "The same colleagues, same know-how, experience, and expertise. But in a stronger position to drive the work for a sustainable society and a sustainable future." Heidelberg Materials... |