Cement News tagged under: financial business results
Dangote Cement's revenue rises 17% to NGN808bn in 1H2202 August 2022, Published under Cement NewsDangote Cement reported group revenue of NGN808bn (US$1.942bn) in the 1H22, a rise of 17 per cent YoY. Group EBITDA rose by 6.3 per cent to NGN373.2bn and profit after tax fell 10.2 per cent to NGN172.1bn. Group sales volumes totalled 14.2Mt, down seven per cent. Nigerian volumes fell 5.3 per cent to 9.3Mt in the 1H22. Net debt stood at NGN423bn with a net gearing of 54.5 per cent. “Although significant increase in energy and AGO costs are impacting production, we are strengtheni... |
SigmaRoc records revenue of GBP28m in 1H2201 August 2022, Published under Cement NewsSigmaRoc recorded 1H revenue of GBP248m, up 18 per cent over 2021 on an adjusted like-for-like basis. 1H22 underlying EBITDA totalled GBP48m, up six per cent over 2021. The group delivered 1H22 revenue of GBP248m (US$302m), representing an 18 per cent like-for-like increase over the same period last year. First-half EBITDA was GBP48m, ahead six per cent on a like-for-like basis over 1H21, giving an 19.2 per cent EBITDA margin for the period which benefitted from the effectiveness of co... |
CEMEX reports 2Q22 net sales growth of 11%29 July 2022, Published under Cement NewsCEMEX has announced continued solid top line growth, with second quarter net sales growing 11 per cent to US$4080m in the 2Q20. Pricing was the main driver with prices of cement, ready-mix and aggregates increasing 16,12, and 14 per cent, respectively. With a difficult second quarter 2021 comparison base, EBITDA decreased by eight per cent to US$723m, primarily due to higher energy costs and supply chain disruptions. Cemex group’s net income totalled US$265m in the 2Q22. “I a... |
Cementir's revenue totals EUR805m in the 1H2228 July 2022, Published under Cement NewsCementir's revenues from sales and services reached EUR805.2m (US$821.7m), an increase of 21.2 per cent compared to EUR664.5m in the 1H21. The increase in revenue is mainly due to price increases reflecting higher costs of fuel, electricity, raw materials, transport and services. EBITDA reached EUR154.7m, up 15.9 per cent from EUR133.5m in the 1H21. During the first six months of 2022, Cementir’s cement and clinker sales volumes amounted to 5.4Mt, dropping by 0.8 per cent compared to t... |
Breedon Group reports revenue of GBP671m in 1H2227 July 2022, Published under Cement NewsBreedon Goup's interim 2022 results saw revenue reach GBP671.1m (US$809.1m) up 12 per cent from GBP600.9m in 1H21. EBIT totalled GBP65.5m, up 22 per cent from GBP53.7m, and profit before tax totalled GBP59.5m, up 29 per cent from GBP46.2m. Breedon explained that approximately 20 per cent of the group’s revenue originates from residential construction where housing markets in both GB and Ireland are structurally under-invested and have robust order books. The industrial sector also offers ... |
UltraTech Cement Ltd reports net sales of INR150,070m in 1QFY2325 July 2022, Published under Cement NewsUltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 30 June 2022 with consolidated net sales of INR150,070m (US$1.88bn) versus INR116,980m over the corresponding period of the previous year. After a strong end to FY22, cement demand was impacted by overall inflationary trends and lower labour availability in May 2022. However, cement demand picked up in June 2022 on pre-monsoon construction activity. Profit before interest, depre... |
Ha Tien Cement's net profit halves to VND160bn25 July 2022, Published under Cement NewsHa Tien Cement JSC’ s ( Vicem group ) net profit halved YoY in the 1H22 to VND160bn (US$6.8m) due to higher fuel and additive costs. The company says prices of key inputs like coal, oil and gypsum increased sharply, pulling down profits. It reported revenues of VND4.34trn (US$184.8m), up 8.5 per cent. The military conflict between Russia and Ukraine, and the embargo by the West have caused global coal, oil and gas crises. According to the Vietnam National Cement Association, coal account... |
CIMERWA posts 6M revenues of RWF44bn01 July 2022, Published under Cement NewsCIMERWA Plc ( PPC Group ) has announced a RWF5.2bn (US$5m) net profit in the six months for the period ended 31 March 2022 with total revenue of RWF44bn, indicating a 45 per cent increase compared to the same period last year. Albert Sigei, the CEO of CIMERWA Plc, said: “It has been a great six months and the main factors that helped us include improvement in plant operating efficiency and also some projects that allowed us to open up additional air capacity organically within the... |
Bestway Cement: building for a greener future27 May 2022, Published under Cement NewsThis week Bestway Cement announced that it is building a new 7200tpd cement plant in Paikhel, Mianwali district, Punjab province, Pakistan, which it expects to commission by the end of this year. The Pakistani cement company has slipped into second place behind Lucky Cement in terms of domestic cement capacity. However, it is not standing still and is preparing to fend off competition for its market share. As detailed in its 3Q22 report, Bestway Cement plans further expansion, helping it ... |
Hail Cement posts 1Q22 sales losses of SAR6.9m19 May 2022, Published under Cement NewsSaudi Arabia's Hail Cement Co has reported losses of SAR6.9m (US$1.8m) in the 1Q22 after it witnessed a drop in sales. The cement producer had made profits of SAR25.9m in the same period last year, but a 16 per cent decline in sales weighed on the current year’s results, a bourse filing showed. The company's revenue went down from SAR82m to SAR69m YoY. Hail Cement also attributed the results to an increase in expenses, which led to operating losses of SAR7.36m during the quarter. |