Cement News tagged under: financial business results
Misr Cement Qena reports 9M24 net profits of EGP51m21 November 2024, Published under Cement NewsMisr Cement Qena posted higher consolidated net profits after tax at EGP51.03m (US$1.03m) in the first 9M24, compared to EGP21.75m in 9M23. The revenues reached EGP4.1bn as of 30 September 2024, up from EGP2.83bn in 9M23, according to the consolidated statements. Financials for 3Q24 In the 3Q24 Misr Cement turned profitable at EGP34.10m, compared to net losses valued at EGP41.93m in 3Q23. During the three-month period that ended on 30 September 2024, the sales increased YoY to EGP1.80... |
Votorantim records strong domestic performance in 3Q2414 November 2024, Published under Cement NewsVotorantim Group ’s regional performance in the 3Q24 was headed by its domestic sales in Brazil. V otorantim Cimentos’ net revenue in Brazil was BRL3.5bn in 3Q24, on par with the same period last year. Adjusted EBITDA in the quarter was BRL848m, up five per cent compared to 3Q23, due to lower variable costs and higher sales volume, resulting in margin growth in the quarter. The National Cement Industry Union (SNIC) revised its 2024 year-end growth expectation for the sector to 2.8 per cent... |
Lucky Cement believes cement exports have become more attractive13 November 2024, Published under Cement NewsLucky Cement Ltd held its corporate briefing on 12 November to discuss the financial results of 1QFY24-25 (1 July-30 September 2024) and the company's outlook. BMA Research covered the event and texted that on an unconsolidated basis, earnings reached PKR6.5bn (US$23.26m) in 1QFY24-25 vs profit of PKR6.9bn in 1QFY23-24, down five per cent YoY due to lower gross margin. The company's local dispatches declined by 22.5 per cent, reaching 1.37Mt in 1QFY24-25, due to higher cement pri... |
CRH announces group 3Q24 revenues of US$10.5bn12 November 2024, Published under Cement NewsCRH announced total revenues for the group of US$10.5bn (3Q23: US$10.1bn) in the 3Q24 were four per cent ahead, while organic total revenues were one per cent behind the corresponding period in 2023. Contributions from acquisitions and strong commercial management more than offset the impact of divestitures and lower activity levels due to adverse weather in certain regions. Net income of US$1.4bn (3Q23: US$1.3bn) was five per cent ahead of the prior year reflecting strong operating perfor... |
Cementir reports 9M24 cement and clinker volumes of 8Mt08 November 2024, Published under Cement NewsCementir Holding reports that in the first 9M24, cement and clinker sales volumes, equal to 8Mt, increased by 0.6 per cent compared to the same period of 2023, thanks to the increase recorded in Türkiye and to a lesser extent in Malaysia and the United States, which offset the reduction in volumes in the other geographical areas. Ready-mixed concrete sales volumes of 3.3Mm 3 increased by 4.5 per cent, driven by the positive performance of Türkiye and to a lesser extent Sweden and Den... |
Buzzi reports 6.4% decline in cement sales for 9M2407 November 2024, Published under Cement NewsBuzzi SpA has announced that cement and clinker sales of the group, in the first nine months of 2024, declined to 18.8Mt (2023: 20.1Mt), a drop of 6.4 per cent. Ready-mix concrete output also contracted by 7.6 per cent, reaching 7.2Mm 3 (2023: 7.7Mm 3 ). Consolidated net sales were equal to EUR3184.3m down 3.6 per cent compared to EUR3302.5m in 2023. The foreign exchange effect had a negative impact of EUR31.7 m and changes to the consolidation scope, related to the sale of concrete opera... |
Kohat Cement Co reports strong profit for 1QFY24-2504 November 2024, Published under Cement NewsThe directors of Kohat Cement Co have issued the unaudited condensed interim financial statements for the first quarter ended 30 September 2024. The report reveals that during this period, the company experienced a 22.3 per cent decline in sales volume, totalling 591,620t. However, net profit surged to PKR3.439bn (US$12.39m) after tax, marking a remarkable increase of 54.28 per cent YoY. The company attributes this strong profit to improved sales prices and effective cost management, enhan... |
Molins reports revenues of EUR1022m in 9M2431 October 2024, Published under Cement NewsMolins has announced its financial results for the first nine months of 2024 (9MFY24), a period highlighted by markets slowdown, albeit different across regions, amplified during the third quarter by adverse weather conditions and political and social instability in few countries. Molins reached revenues of EUR1022m (US$1109m), five per cent lower than in the 9MFY23, due to the negative impact of lower volumes and currency fluctuations, offset partly by the positive impact of selling pr... |
Pioneer Cement Ltd sees double-digit profit growth in 1QFY24-2530 October 2024, Published under Cement NewsPioneer Cement Ltd announced its 1QFY24-25 financial result on the Pakistan Stock Exchange’s website on 29 October. It reported earnings of PKR1bn (US$3.5m), up 10 per cent from PKR0.9bn in the previous period. Based on the result, AKD Research reported that PIOC revenue clocked in at PKR7.9bn, a nine per cent YoY decline from PKR8.7bn in the same period last year. The decrease in turnover is attributed to a 23 per cent YoY drop in sales. However, this was partially mitigated by a 17 pe... |
Cemex reports 3Q24 net sales of US$4bn29 October 2024, Published under Cement NewsCemex reported an EBITDA of US$747m and net sales of US$4.09bn in the 3Q24 in a period. Weather impact accounted for a little less than half of the LtL EBITDA shortfall in the quarter. Consolidated net income grew more than 200 per cent compared to the prior year. Cemex’s pricing strategy continued to be supportive in a lower volume environment, with prices for its products rising low-single digits. During the quarter, Cemex announced divestments of US$1.4bn, bringing YtD announced divesti... |