Cement News tagged under: financial business results
SigmaRoc records turnover of GBP49.3m in 202125 March 2022, Published under Cement NewsBuilding material producer SigmaRoc plc has announced its audited results for the year ended 31 December 2021 with turnover more than doubling to GBP272m and underlying EBITDA rising to GBP49.3m. The group’s trading and operational performance for 2021 was solid. Overall, on a LfL basis, the value of upstream quarried materials sold increased by two per cent. Value added product sales increased by 14 per cent, with value added services increasing by 16 per cent. These figures include th... |
Holcim Philippines' net income reaches PHP2.6bn in 202124 March 2022, Published under Cement NewsHolcim Philippines ( Holcim group ) saw higher profits in 2021 as it shielded margins from higher costs by raising prices. Holcim Philippines President and CEO, Horia Adrian, said ‘cost mindfulness’ and a tighter focus on operations and innovation would protect the company’s bottomline through 2021. The company underscored growth last year despite challenges arising from lower demand during the pandemic and the surge in costs of energy and fuel that were key inputs in the production ... |
China Resources reports turnover of HKD44bn in 202124 March 2022, Published under Cement NewsChina Resources Cement announced consolidated turnover amounted to HKD44bn (US$5.62bn) in 2021, representing an increase of 9.7 per cent over the previous year. Profit amounted to HKD7.8bn, or a decrease of 13.3 per cent when compared with 2020. External sales volumes of cement, clinker and concrete reached approximately 81.3Mt, 3.3Mt, and 14.8Mm 3 , respectively, in 2021. The capacity utilisation rates of cement, clinker and concrete production lines were 93.6, 100.6 and 40.9 per cent, r... |
Tabuk Cement Co sees profits fall by 65% in 202124 March 2022, Published under Cement NewsSaudi Arabia’s Tabuk Cement Co saw its profits drop by 65 per cent in 2021 on the back of lower sales. Profits of the company dropped from SAR51.6m(US$13.8m) to SAR17.8m, according to a bourse filing. This came as sales fell by 17.3 per cent to SAR229m. |
InterCement records total cement and clinker volumes of 20.1Mt in 202121 March 2022, Published under Cement NewsInterCement ’s total cement and clinker volume reached 20.1Mt in 2021, an increase of six per cent in comparison to 2020, while in 4Q21 volumes were at solid 5.1Mt, stable when compared to 4Q20. In Argentina cement industry remained on a strong pace during the quarter, with Loma Negra volumes up four per cent YoY. Brazilian volumes, although declining by 3.7 per cent YoY, remained on a healthy level, backed by solid demand as result of strong backlog from housing sector and posit... |
Maple Leaf Cement records consolidated profit of PKR2.757bn21 March 2022, Published under Cement NewsIn 1HFY22 Maple Leaf Cement ’s consolidated profit stood at PKR2.757bn (US$15.27m) as against PKR1.625bn for the corresponding period last year, representing an increase of 70 per cent. A total sales volume of 2.406Mt was achieved in the 1HFY22, depicting a 4.5 per cent decrease over 2.52Mt sold during the corresponding period last year. Domestic sales volume was 2.336Mt, defining almost the same level of demand, with slight pressure on cement consumption in the local market compared ... |
Titan Cement records revenue growth of EUR1714.6m in 202118 March 2022, Published under Cement NewsTitan Cement Group generated record revenues of EUR1714.6m, up 6.7 per cent from 2020, reflecting higher demand and a supportive pricing environment. EBITDA declined by 4.6 per cent to EUR272.4m. Net profit after taxes and minorities (NPAT) climbed to EUR89.6m (EUR1.1m in 2020 and EUR50.9m in 2019). Thanks to a successful refinancing strategy the group lowered significantly its finance costs for a third consecutive year to EUR33.6m (EUR19m lower than 2020 and EUR30m lower than 2019). ... |
Breedon Group Plc records revenue of GBP1232.5m in 202109 March 2022, Published under Cement NewsBreedon Group Plc announced revenue from audited annual results for the year ended 31 December 2021 totalling GBP1232.5m, up 33 per cent from GBP928.7m in 2020. Profit before tax amounted to GBP114.3m compared to GBP48.1m in 2020, a rise of 138 per cent. Statutory EBIT reached GBP127.4m, up 107 per cent when compared to GBP61.6m in 2020. On a like-for-like (LfL) basis and compared to 2019, aggregates volumes increased 12 per cent, asphalt volumes 20 per cent and cement volumes by 14 per ... |
Dangote Cement's pan-African sales rise 9% in 202104 March 2022, Published under Cement NewsDangote Cement Group 's total pan-African volume represents 37 per cent of group volumes. Sales volumes across its African operations were 10.9Mt in 2021, up 8.7 per cent. Pan-African revenues of NGN397.3bn (US$955.1m) were 24.7 per cent higher than in 2020 and represented 29 per cent of total group revenue. The region achieved a record-high EBITDA of NGN88.8bn. Cameroon The Douala plant in Cameroon sold 1.4Mt of cement in 2021, up three per cent compared to the same period last year. ... |
Dangote Cement reports group revenue of NGN1383.6bn in 202103 March 2022, Published under Cement NewsDangote Cement reported that for the year ended 31 December 2021, group revenue reached NGN1383.6bn (US$3.327bn), up 33.8 per cent on 2020. The group recorded a record EBITDA of NGN684.6bn. Pan-African EBITDA totalled NGN88.8bn, a rise of 24.6 per cent. Net debt reached NGN225.1bn. In total, manufacturing costs increased by 25.8 per cent to NGN551bn from NGN437.9bn in 2020. Materials consumed cost increased by 30 per cent to NGN175.4bn, while fuel and power cost advanced by 34.4 per cent ... |