Cement News tagged under: financial business results
Dangote Group posts 17% revenue rise in FY2228 February 2023, Published under Cement NewsDangote Cement Group announced revenues us 17 per cent to NGN1618.3bn (US$3.51m) in FY22 and EBITDA up 3.5 per cent at NGN708.2bn. Profit after tax increased by 4.9 per cent to NGN382.3bn. Net debt at the end of the period totalled NGN422.8bn with a net gearing of 39.2 per cent. Nigerian operations sold 17.8Mt of cement and clinker during the period, down 4.1 per cent from the 18.6Mt sold in 2021. When looking at the domestic sales alone, Nigerian operations sold 17Mt, down 3.8 per cent Y... |
Cementos Molins posts revenues of EUR1268m in 202228 February 2023, Published under Cement NewsCementos Molins closed 2022 with revenues amounting to EUR1268m, up 31 per cent compared to previous year, driven by sales increase across all businesses and the significant contribution of acquisitions completed last year. On a LfL basis, revenues increased by 18 per cent. EBITDA reached EUR276m, 14 per cent higher than previous year, due to the performance of South American and Asian businesses and the contribution by the acquisitions. High negative impact of inflation on costs has be... |
Pakistan manufacturers post strong 1HFY22-23 financial results27 February 2023, Published under Cement NewsAccording to the Pakistan Stock exchange (PSX), Pioneer Cement Ltd (PIOC) earned a profit of PKR1.76bn (US$6.81m) in 1HFY22-23 compared to PKR1.14bn made in the previous year’s corresponding period. This reflects a growth of 54.1 per cent YoY. PIOC's gross sales increased by 19.4 per cent to PKR25.08bn in 1HFY22-23 from PKR21bn during the same period last year. It incurred distribution expenses of PKR61m against PKR52m in the previous financial period. The administrative costs rose to P... |
FLSmidth report 3% EBITA margin growth for cement in 202227 February 2023, Published under Cement NewsFLSmidth announced a positive 3.3 per cent EBITA margin improvement for its cement division in 2022, compared to -0.3 per cent in 2021. Cement EBITA amounted to DKK204m (US$29m) in 2022 compared to DKK-19m in 2021. Cement revenue increased by two per cent YoY organically and by seven per cent including favourable currency effects, reported FLSmidth. Cement EBITA continued the positive trend seen during 2022, driven by the increased revenue and higher gross margin. The company ann... |
Holcim reshapes for the future24 February 2023, Published under Cement NewsHolcim caught the cement world's attention this week when it announced the launch of a major low carbon cement project in Europe. The French cement plant of Saint-Pierre-la-Cour is the location of the project that will use the company's proprietary ProximaTech technology to produce ECOPlanet cement, which is a calcined clay cement, with a 50 per cent lower CO2 footprint than OPC. The development of the ECOPlanet cement in France was given an important boost after the French government com... |
Holcim reports net sales of CHF29,289m in 202224 February 2023, Published under Cement NewsHolcim reported its financial results for 2022 announcing net sales of CHF29,189m (US$31.2m) for 2022. This was a 12.9 per cent rise on a LfL basis compared to the prior year. The increase was driven by the fast expansion of the Solutions & Products division, which grew by 54 per cent compared to the previous year. Holcim CEO, Jan Jenish, said: " In 2022, we delivered record financial results with CHF 29.2bn in net sales, CHF 4.8bn in recurring EBIT, 9.5 per cnet ROIC and a record ... |
Cementir reports 27% revenue rise in 202209 February 2023, Published under Cement NewsCementir reported consolidated 2022 group r evenue at the record level of EUR1720.9m (US$1851.4m), up by 26.5 per cent compared to EUR1360m in 2021. EBITDA reached the record level of EUR355m, up by 14.2 per cent on 2021. EBIT, after amortisation, depreciation, impairment losses and provisions of EUR119.4m (EUR113.2m in 2021), amounted to EUR235.6m, up by 19.1 per cent from EUR197.8m in the previous year. Profit before taxes was EUR247.6m, an increase of 43.9 per cent compared to ... |
Lucky Cement increases profit by 23% in 1HFY21-2231 January 2023, Published under Cement NewsPakistan cement producer Lucky Cement Ltd has announced its financial results for the half-year ending 31 December 2022. It reported a profit after tax of PKR7.128bn (US$27.4m) compared to PKR5.744 earned in the corresponding period last year, a growth of 23 per cent YoY. According to a notification of the company to the Pakistan Stock Exchange (PSX), Lucky Cement’s sales increased by 21 per cent to PKR45.333bn from PKR37.549bn during the same period last year. It incurred adistributio... |
UltraTech Cement Ltd posts consolidated net sales of INR152,990m in 3QFY2223 January 2023, Published under Cement NewsUltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 31 December 2022. Consolidated net sales totalled INR152,990m (US$1.88bn) compared to INR127,100m over the corresponding period of the previous year. Profit after tax was INR10,580m as compared to INR11,730m in the 3QFY21-22, resulting in subdued margins. Domestic grey cement sales volume rose 13 and 12 per cent QoQ, respectively. Energy and raw material costs were up 33 and 13 pe... |
FLSmidth announces 4Q22 and 2022 results19 January 2023, Published under Cement NewsFLSmidth announced that its full-year 2022 preliminary and unaudited results are in line with guidance, the cement sector recording DKK1.6bn (US$232.7m) in revenues in the 4Q22 and DKK6.3bn (US$916.2m) in 2022. EBITDA margin totalled 4.3 per cent in the 4Q22 for cement and 3.3 per cent for the 2022. The 4Q22 and 2022 results included costs related to the thyssenkrupp mining acquisition of DKK125m and DKK252m, respectively. In addition, the 4Q22 and 2022 results include costs related to wi... |