Cement News tagged under: financial results
Star Cement records 10% rise in operating revenue07 February 2018, Published under Cement NewsStar Cement Ltd has released its results for the third quarter of FY17-18, showing a growth in operating revenue of 10.1 per cent YoY. Adjusted for excise duty, this translates to INR3.77bn (US$58.8m) against INR3.42bn of the 3QFY16-17, according to IIFL. EBITDA marked a considerable increase of 60.4 per cent to INR1.41bn in comparison with INR0.88bn of the previous fiscal. The EBITDA margin expanded by 1173bps YoY to 37.5 per cent. Elsewhere, Sagar Cements has reported a 47.21 per cent ri... |
JK Cement reports 10% increase in net profit05 February 2018, Published under Cement NewsJK Cement has reported a 9.77 per cent YoY increase in net profit for the quarter ending 31 December 2017. This translates to a total of INR7.2bn (US$112.2m), compared to INR6.64bn seen in the year-ago period. Net revenue grew by 26.84 per cent in the 3QFY18, finishing at INR112bn (3QFY17: INR88.7bn). However, the company’s operating expenses also rose 29.24 per cent in the Oct-Dec 2017 quarter to INR95.5bn, when compared with INR73.9bn of the previous year’s quarter. Elsewhere, JK Ce... |
Pakistan cement sales expected to rise 22%02 February 2018, Published under Cement NewsPakistan cement sales are expected to post a 22 per cent YoY growth for January 2018. This translates to an increase of 3.7Mt from the year-ago period, mainly supported by high local demand, reports The News International. "We attribute this (increase) to higher demand coming from ongoing development projects and housing schemes," said Nabeel Khursheed, an analyst at Topline Securities, in a financial report. "Local dispatches are expected to post growth of 26 percent on yearly basis,... |
National Cement posts net loss in 1HFY1831 January 2018, Published under Cement NewsNational Cement has announced that its losses increased during the first half of FY18, ended December 2017. The loss increased by 136.7 per cent, to EGP496m (US$28m) from EGP209 of the year-ago period, according to Egypt Today. The unaudited results also showed a fall in revenue to EGP726m, compared to EGP940m recorded in the 1HFY17. The company also stated that it was expected to record profits of EGP17.7m for FY18. However, the present situation suggests that National Cement may post a ... |
Orient Cement reports 12% increase in revenue30 January 2018, Published under Cement NewsOrient Cement has seen a 12.1 per cent increase in revenue in the quarter ended December 2017, according to Money Control. The revenue rose to INR5.11bn (US$80.37m) from INR4.56bn seen in the year-ago period. However, the company has reported a net loss of INR177m (US$2.78m) in the 3QFY18, compared to the loss of INR116m in the previous year’s period. EBITDA fell 14.1 per cent YoY to INR391m, and the EBITDA margin decreased by 240bps at 7.6 per cent. |
Attock Cement reports net sales increase in 2H1725 January 2018, Published under Cement NewsAttock Cement Pakistan Ltd has announced its financial results for the half-year period ended 31 December 2017. The company’s profit after tax fell 16 per cent YoY, to PKR1.15bn (US$10.38m) from PKR1.37bn seen in the year-ago period. Attock Cement’s net sales increased to PKR7.56bn in the second half of 2017, compared to PKR7.22bn of 2H16. The company also reported a distribution cost of PKR48.5m (2016: PKR52.6m) and administrative expenses of PKR24.1m (2016: 20.9m) in the 2H17. Furthe... |
UltraTech reports rise in net sales18 January 2018, Published under Cement NewsUltraTech Cement Ltd has announced that its net profit decreased by 25 per cent YoY to INR4.21bn (US$65.98m) in the October-December quarter of 2017. However, net sales of the company rose 35 per cent to INR75.8bn in the same period, according to Bloomberg. EBITDA increased by 13.9 per cent to INR12.6bn in the 3QFY18, when compared to the corresponding period of the previous financial year. "The quarter witnessed an increase in variable costs attributable to the rise in pet coke and coa... |
Lafarge Malaysia Bhd expected to return to profitability in FY1811 December 2017, Published under Cement NewsExcess supply and price pressure due to escalating competition have negatively impacted Lafarge Malaysia Bhd’s earnings in the current financial year. The company has posted three consecutive quarterly losses, with the 3Q17 resulting in a loss of MYR42m (US$10.3m) according to The Star. In the first nine months of 2017 ended 30 September, Lafarge Malaysia reported a net loss of MYR135m, a decline from the MYR42.7m net profit of the year-ago period. Revenue also dropped 13 per cent YoY to ... |
Arabian Cement profits down 84% in 4Q1617 January 2017, Published under Cement NewsArabian Cement Company have reported an 84.36 per cent YoY fall in net profit in the 4Q16, according to a bourse filing. Profits reached SAR24m (US$6.4m) in 4Q16 compared to SAR153.5m in the corresponding period of the previous year. A decrease in gross profit by SAR125m was a result of a decline in sales volume and prices, as well as the increase in general and administrative expenses by around SAR3m, the company’s statement indicated. Total net profits for 2016 retreated by 18.41 pe... |
Saudi Arabia: Hail Cement Q4 profits decline 21%17 January 2017, Published under Cement NewsHail Cement Company (HCC) reported a 20.99 per cent decrease in net profit for the 4Q16. HCC achieved SAR23.67m (US$6.31m) net profit in the quarter, falling from SAR29.95m in the 4Q15. Profits fell by 7.95 per cent to SAR104.52m in 2016 compared to SAR113.55m in 2015. The decline in net profits was attributed to lower total sales due to weak demand, despite unrealised investment profits in the shares' portfolio, the company’s statement said. Net profits rose 15.27 per cent to SAR20.12... |