Cement News tagged under: business results
Cementir reports 36% rise in 1H net profit28 July 2023, Published under Cement NewsCementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in revenues in the Nordic and Baltic area, Belgium and the USA. In the 2Q23 cement and clinker volumes sold declined by 6.8 per cent YoY to 2.8Mt due to a slowdown in sales in Denmark, Turkey, Belgium and the USA, despite the increase seen in China, Egypt and Malaysia. In the 2Q23 sales of ready-mixed concrete were down ... |
GCC sees net income increase 53% YoY in 2Q2328 July 2023, Published under Cement NewsGCC SAB de CV reported a 13.7 per cent increase in consolidated net sales to US$364.1m in the first quarter of 2023. In Mexico sales advanced 34.4 per cent as a result of a 3.2 and 8.8 per cent increase in cement and concrete volumes, respectively. Cement and concrete prices rose by 11.5 and 14 per cent, respectively. Excluding the appreciation of the local currency, sales were up by 20.2 per cent. In the USA, sales were up 6.6 per cent, partly due to a 3.6 per cent pick-up in concrete... |
Holcim reports 1H23 organic net sales up 7%27 July 2023, Published under Cement NewsHolcim saw its net sales decline by 11 per cent YoY to CHF13,067m in the 1H23, but organic net sales expanded by 7.4 per cent over the same period, reports the Swiss-based building materials group. “Growth reflects the strengthened earnings profile of the Group as it moves its portfolio towards businesses with superior growth and profitability,” said the group in a statement. The company invested CHF1800m in the 1H23 in the acquisition of 18 companies, including CHF1.300m for eight acquisi... |
Titan Group announces 1H23 consolidated sales of EUR1229m27 July 2023, Published under Cement NewsTitan Group ’s consolidated sales for the H123 surpassed the EUR1.2bn (US$1.335bn) level, reaching EUR1229m, increased by 18.7 per cent versus the 1H22. EBITDA increased to EUR241.2m compared with EUR136.3m in the 1H22, an increase of 77 per cent, with profitability margins expanding, as investments implemented during the last two years are progressively improving cost performance. Group EBITDA over the past 12-month period (July 2022-June 2023) reached EUR436m. Net profit after taxes a... |
Breedon reports solid 1H2326 July 2023, Published under Cement NewsBreedon Group plc announced its unaudited interim results for the first six months of 2023, ended 30 June. Revenues for the UK-based construction materials group increased by 11 per cent YoY to GBP742.7m (US$958.7m), but EBIT saw a five per cent drop YoY to GBP62.1m in the 1H23. On a like-for-like basis (adjusting for six bolt-on acquisition in the last 12 months), revenue increased by seven per cent and EBIT by four percent. As as result the EBIT margin slipped by 140 basis points to 8.... |
Siam City Cement posts 1Q23 revenue of THB1188m in Vietnam26 July 2023, Published under Cement NewsThailand-based Siam City Cement Co (SCCC) has posted a revenue of THB1188m (US$34.5m) from its Siam City Cement Vietnam business in Vietnam in the first quarter of 2023. This represents a 33.6 per cent YoY drop. EBITDA of the Vietnamese operations was -THB52m in the 1Q23, compared with THB371m in the 1Q22. As a result, the EBITDA margin declined from 20.7 per cent in the 1Q22 to -4.4 in the 1Q23. However, signs of recovery have been seen, according to the company, with moderate growt... |
Cementos Pacasmayo sees 9% drop in 2Q net profit24 July 2023, Published under Cement NewsPeru-based Cementos Pacasmayo reported a 12.1 per cent YoY drop in revenues to PEN442m (US$123.4m) in the second quarter of 2023, due to a drop in demand, which was affected by severe rainfall due to cyclone Yaku and a stagnation in public investment as a result of new regional authorities. Sales volumes of cement, concrete and precast fell by 17.9 per cent YoY. The company achieved consolidated EBITDA of PEN112.7m, down 6.5 per cent YoY, due to reduced revenues. However, it saw a consol... |
Carthage Cement advances 1H turnover by 24%18 July 2023, Published under Cement NewsTunisia-based Carthage Cement increased its turnover by 24 per cent YoY to TND208.546m (US$68.92m) in the first half of 2023, according to information on the Tunis Stock Exchange. The improvement of the company’s results is attributed to a jump in 1H cement sales with local sales increasing by 25 per cent YoY to TND158.822m and exports by 19 per cent to TND31.284m. In addition, the company’s aggregate sales advanced by 38 per cent YoY to TND11.227m. |
UNACEM Peru sees 20% uptick in sales and record production in 202206 July 2023, Published under Cement NewsPeru-based UNACEM saw its net cement sales increase by 19.7 per cent YoY to PEN2655m in 2022, according to its 2022 integrated report. Total sales reached PEN2835m. EBITDA reached PEN882.3m, up 16.9 per cent YoY when adjusted for other income and costs, while net profit stood at PEN421.5m, up 6.6 per cent YoY. Dispatches increased to 6.666Mt in 2022. Bagged cement dispatches accounted for 68.9 per cent of its sales while bulk cement took a 31.1 per cent share. In addition, the company br... |
LafargeHolcim Maroc posts 3% advance in 1Q revenue01 June 2023, Published under Cement NewsHolcim-owned LafargeHolcim Maroc has reported a three per cent uptick in revenues to MAD2131m (US$209.2m) in the first quarter of 2023 from MAD2077m in the year-ago period. Morocco’s cement demand declined by 5.3 per cent to 3.248Mt in the January-March 2023 period when compared with the first three months of 2022, when consumption reached 3.248Mt. The company’s debts fell by five per cent YoY to MAD4887m at 31 March 2023. |