Cement News tagged under: business results
CBB posts 132% surge in 1Q income30 April 2024, Published under Cement NewsChile-based CBB reported sales of CLP97,781.67m (US$102.83m) in the 1Q24, up 11.1 per cent from CLP87,989.15m in the equivalent period of the previous year. In the 1Q24 EBITDA reached CLP22,803, up 44.8 per cent YoY as dispatches in all business lines increased and margins improved. Cement dispatches increased 22.6 per cent YoY to 315,000t in the 1Q24 from 257,000t in the while concrete deliveries edged up by 6.4 per cent YoY to 281,000m 3 from 264,000m 3 . Net income advanced by 131.... |
Cementos Molins closes 1Q24 with 38% net profit hike30 April 2024, Published under Cement NewsCementos Molins SA saw revenues slip to EUR336m in the 1Q24 due to the decline in activity in Argentina only being partly offset by increases in most businesses and regions. EBITDA picked up by five per cent YoY to EUR90m thanks to the contribution of the company’s businesses in Europe, Mexico and North Africa. Selling prices delivered a net contribution when compared with costs and the positive impact of efficiency plans also contributed to the upward trend in EBITDA. On the downside, l... |
Sanghi Industries sees revenue decline YoY30 April 2024, Published under Cement NewsSanghi Industries has posted revenue of INR2883.3m (US$34.5m) in the quarter ended 31 March 2024. This compares to INR2270.1m in the same period a year earlier. Net loss over the same period came in at INR190.2m, versus INR1045.6m in the year-ago period. According to the company, the basic loss per share from continuing operations stood at INR0.74 over the three-month period, down from INR4.14 in the same quarter in 2023. For the full year ended 31 March 2024 (FY24), Sanghi reported re... |
Lucky Cement profit jumps 67% in 9MFY23-2430 April 2024, Published under Cement NewsLucky Cement Ltd announced its financial results for the 9MFY23-24 on the Pakistan Stock Exchange website on 29 April. It posted unconsolidated earnings of PKR18.649bn (US$67m), a significant advance of 67 per cent YoY. Earnings per share (EPS) stood at PKR63.65. According to results from AHL Research, the top line in the 9MFY23-24 was PKR87.404bn, in contrast to PKR70.348bn in the equivalent period of the previous year, up 24 per cent YoY. The revenue growth comes from high... |
Shiva Cement reports loss in FY2429 April 2024, Published under Cement NewsIndia-based Shiva Cement Ltd has reported revenue from operations of INR1444.5m (US$17.3m) in the quarter ended 31 March 2024. This compares to INR978.5m in the previous quarter. The company saw a total loss for the three-month period of INR119.2m, down from the INR323.8m loss recorded in the previous quarter. Total expenses over the same period advanced from INR1423.1m to INR1605.4m. For the full-year 2024, ended 31 March 2024, revenue from operations stood at INR3467.2m. A total loss... |
Saint-Gobain sales slip 6% in 1Q2429 April 2024, Published under Cement NewsSaint-Gobain has reported total group sales of EUR11,356m in the first quarter of 2024, down 5.8 per cent from EUR12,406m in the same period a year earlier. According to the company, the decline was due to a contraction in new construction in Europe, but supported by growth in the Americas and Asia-Pacific. Volumes also fell, down 4.7 per cent YoY, while prices slipped 1.1 per cent. In northern Europe sales declined 11 per cent YoY in the 1Q24, coming in at EUR2779m. Volumes saw a 9.3 ... |
Fauji Cement posts a profit of PKR7.043bn in 9MFY23-2426 April 2024, Published under Cement NewsFauji Cement Co Ltd (FCCL) announced its financial results for 9MFY23-24 on the Pakistan Stock Exchange website. The company posted a profit after tax (PAT) of PKR7.043bn compared to PKR6.968bn in the previous period, up by a meagre one per cent YoY. During the 3QFY23-24, earnings arrived at PKR1.769bn compared to PKR1.888bn, a fall of six per cent YoY, as reported in the initial financial coverage report from AHL Research. The topline during 9MFY23-24 reached PKR59.4bn, an uptick of 14 p... |
Holcim sales dip 2% in the 1Q2425 April 2024, Published under Cement NewsHolcim has reported net sales of CHF5586m (US$6117m) in the opening quarter of 2024, down 2.4 per cent from the CHF5725m seen in the 1Q23. In local currency, sales were up 3.4 per cent YoY. Recurring EBIT in the 1Q24 came in at CHF532m, marking 7.8 per cent YoY growth, or 17.1 per cent growth in local currency. According to the company, the quarter saw a strong contribution from its Solutions & Products business with roofing sales advancing by 67 per cent YoY in local currency. North Am... |
GCC net income up 51% in 1Q2424 April 2024, Published under Cement NewsGCC SAB de CV reported a 11.9 per cent YoY increase in consolidated net sales to US$272.8m in the 1Q24 from US$243.9m in the 1Q23, mainly on the back of higher sales volumes in the US and favourable pricing in both markets. However, operating expenses were up by 45.5 per cent YoY to US$58.5m in the 1Q24 from US$40.2m in the year-ago period. The company posted a 31.6 per cent advance in EBITDA to US$82.9m in the first three months of 2024 when compared with US$60m in the equivalent period... |
Qatar National Cement reports dip in sales in 1Q2424 April 2024, Published under Cement NewsQatar National Cement Co has reported sales of QAR106.06m (US$29.14m) in the first quarter of 2024, ended 31 March. This compares to QAR127.95m in the same period a year earlier. Net income came in at QAR51.37m, down from the QAR64.1m seen in the opening quarter of 2023. Basic earnings per share from continuing operations stood at QAR0.08 in the 1Q24, compared to QAR0.10 in the year-ago period, reports Market Screener. |