Cement News tagged under: financial business results
Summit Materials Inc records revenue of US$631.9m in 1H2217 August 2022, Published under Cement NewsSummit Materials Inc reported net revenue of US$631.9m in the 1H22, a rise of 2.2 per cent from US$618.5m in the 1H21. This advance is due to increases in average sales prices across all lines of the business which more than offset volume declines due primarily to divestitures. Net income rose to US$111.2m during this period, up from US$95.9m in the 1H21. Adjusted EBITDA increased by US$0.2m, or 0.1 per cent, to US$164m. The cement business saw net revenue increase 9.1 per cent to US... |
Votorantim Cimentos records strong performances in Brazil and North America in 2Q2215 August 2022, Published under Cement NewsVotorantim Cimentos’ regional results in the 2Q22 recorded strong revenues despite inflationary pressures. The domestic market of Brazil and operations in Europe, Asia and Africa were the highest performing areas with a decline in Latin American revenues. In Brazil net revenue was BRL3.2bn (US$620.2m) in the second quarter of 2022, a 24 per cent increase compared to the same period last year. Adjusted EBITDA in the quarter was BRL606m, down nine per cent from 2Q21 due to a drop in sa... |
India Cements doubles 1Q net profit15 August 2022, Published under Cement NewsIndia Cements Ltd (ICL) reported that net profit for the 1QFY2023 more than doubled to INR760m (US$9.54m) over the year-earlier period. Revenue from operations rose by 41 per cent to INR14,460m and total expenditure increased by 57 per cent to INR152,60m, the company said in a filing. Total comprehensive income more than doubled to INR800m. During the quarter, clinker production was up by 28 per cent while cement sales rose by 38 per cent to 2,553,000t. Clinker sales were marginally... |
Votorantim Cimentos earns revenue of BRL6.7bn in 2Q2212 August 2022, Published under Cement NewsVotorantim Cimentos ended the 2Q22 with consolidated net revenue of BRL6.7bn (US$1.3m), an increase of 15 per cent compared to the same period last year. This result was primarily due to favourable price dynamics, in addition to the positive impact of additional sales resulting from the acquisitions concluded in 2021, said Votorantim. The company’s global cement sales totalled 9.6Mt, down two per cent from the 2Q21. Despite the challenging environment, the company demonstrated... |
Argos generates revenue of COP2.9trn in 2Q2211 August 2022, Published under Cement NewsArgos, ( Grupo Argos ) recorded revenues and strong demand for cement and ready-mix, mainly in the United States and Colombia, as well as stable operating results in an environment of high-cost inflation helped by its strategy, the flexibility of its fuel matrix and the partial hedging of fuel prices. From April to June 2022 (2Q22), the cement company generated revenues for COP2.9trn (US$670m), 15.3 per cent higher compared to the same months of the previous year. Also, it obtained an adj... |
Dalmia Bharat Ltd reports revenue of INR33,020m in 1QFY22-2310 August 2022, Published under Cement NewsDalmia Bharat Ltd reported its consolidated financial results for the quarter ending 30 June 2022 (1QFY2023) with revenue totalling INR33,020m (US$414.8m) compared to INR25,910m in the 1QFY2022. EBITDA reached INR5860m in the 1QFY2023 down from INR7130m in the 1QFY2022. Sales volumes rose by 27.3 per cent to 6.2Mt from 4.9Mt in the 1QFY2022. Profit after tax totalled INR2050m in the 1QFT2023 down 26.8 per cent from INR280m in the 1QFY2022. Commenting on the quarter gone by, Puneet Dalm... |
Two Saudi cement firms report declining 1H22 profits10 August 2022, Published under Cement NewsTwo cement companies have posted their interim financial results at the Saudi Stock Exchange (Tadawul) for the period ending on 30 June 2022, showing lesser earnings during this period. City Cement Co and Arabian Cement Co reported lower profits during the 1H22, continuing the trend of declining cement sector profits. The City Cement Co reported SAR42m (US$11.2m) in profit for the first half compared to SAR115.72m, down 63.71 per cent from the same period in 2021. Its revenues fell b... |
BUA Cement achieves net revenue of NGN188.6bn in 1H2205 August 2022, Published under Cement NewsBUA Cement reported net revenue in the 1H22 up 51.7 per cent to NGN188.6bn from NGN124.3bn (US$452m), compared to the corresponding period ended June 2021. This included added volumes for the new line 4 at Sokoto . EBITDA increased by 49.7 per cent to NGN87.5bn from NGN58.4bn comprard to the 1H21. EBITDA margin fell marginally by 0.6 percentage points to 46.4 per cent from 47 per cent, in June 2021. Profit after tax rose 41.4 per cent to NGN61.4bn from NGN43.4bn, in the 1H21. Cement v... |
Buzzi Unicem regional performances in 1H2205 August 2022, Published under Cement NewsBuzzi Unicem reported positive development of deliveries in the United States, central Europe, Poland and the Czech Republic in the 1H22, as well as a continued slowdown in Italy and Ukraine. In Ukraine, at the end of February 2022, Buzzi Unicem was obliged to suspend production and commercial activities in both of our factories. At the end of March, with the repositioning of the conflict in the east and south-east of the country, the activity resumed at the Volyn plant, in the northwes... |
Buzzi Unicem net sales rise 17% in 1H2204 August 2022, Published under Cement NewsBuzzi Unicem recorded 1H22 net sales at EUR1880m, up 17 per cent compared to the 1H21 and EBITDA at EUR365m, an increase of 3.6 per cent on the 1H21. Favourable foreign exchange rates had an effect of EUR77m on net sales and of EUR19m on EBITDA. Cement sales volumes dropped by four per cent in the 1H22 to 14,233t, compared to the 14,833t in the 1H21.The overall favourable development recorded in the first three months of the year was followed by a slower second quarter, with the excepti... |