Cement News tagged under: financial business results
Bestway Cement's post expansion capacity will stand at 15.2Mta30 November 2022, Published under Cement NewsThe top management of Bestway Cement Ltd organised a corporate briefing earlier this month to discuss the company's 1QFY22-23 results and outlook. The company's CFO, Muhammad Amir Khan, and Head of Budgeting, Treasury and Reporting, Muhammad Danish Khan, of Bestway Cement Ltd announced that the start of commercial operation of 7200tpd clinker line at the Minawali location is expected in December 2022 and the 7200tpd clinker line in Hattar II will start up in March 2023. The post-expan... |
Aramit Cement Ltd posts loss in 1QFY2321 November 2022, Published under Cement NewsAramit Cement Ltd of Bangladesh has announced its financial results for three months (July 2022 to September 2022) on 14 November 2022. It posted a net loss of BDT89.5m (US$0.879m) during these three months compared to a loss of BDT66.4m in the corresponding period last year, says Company Secretary Syed Kamruzzaman. The company’s net sales decreased by 83.15 per cent to BDT50.17m from BDT297m, the top line recorded in the same quarter last year. Administrative expenses remained stag... |
Sephaku Holdings posts net profit after tax of ZAR26.7m15 November 2022, Published under Cement NewsSephaku Holdings (Dangote Group) has posted net profit after tax of ZAR26.7m (US$1.54m) for the six months ended 30 September, building on the net profit after tax of ZAR17.8m it posted in the prior comparable six months. CEO Neil Crafford-Lazarus said SepCem has been suffering from decreased demand for building materials and especially bagged cement for close to a year. The subsidiary’s sales revenue declined to ZAR1.16bn, compared with ZAR1.19bn in the prior comparable period. The ... |
JK Cement records net profit of INR1248m14 November 2022, Published under Cement NewsJK Cement has reported that its standalone net profit declined by 26.1 per cent to INR1248m (US$15.5m) in the 2QFY22-23. This is against INR1688m in the year-ago period, the company said in a regulatory filing. The revenue from operations during the declined by 16.7 per cent during the period. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) was down by 9.8 per cent at INR2967m from INR3290m in the year ago period. The company has also approved an expansion p... |
Argos records sales of COP8.5trn during the 3Q2210 November 2022, Published under Cement NewsArgos ( Grupo Argos ) has reported the highest levels of sales and EBITDA in its history, with figures of COP8.5trn (US$302.6m) and COP1.5trn, and increases of 20.7 and 4.3 per cent, respectively. During the third quarter the EBITDA increased 27 per cent and we had an increase of 20 basis points in the EBITDA margin during the period. Regarding volumes, from January to September, Argos delivered 12.3Mt of cement, 2.3 per cent less and 5.8Mm 3 of concrete, 8.7 per cent higher. Du... |
Titan records consolidated sales of EUR1662m in 9M2210 November 2022, Published under Cement NewsTitan Group's consolidated sales for the first nine months of 2022 reached EUR1661.8m posting a 31.6 per cent increase. Energy costs have seen their highest levels during the early part of the 3Q22. However, the group was able to both increase prices as well as work on improving the energy mix, achieving a higher EBITDA. In the 3Q22 EBITDA recorded a strong increase of 23.9 per cent versus EUR95.4m in the3Q21, while year-to-date EBITDA increased to EUR234.5m, 6.8 per cent above 2021. ... |
Nuvoco Vistas reports INR1300m loss in 2QFY2210 November 2022, Published under Cement NewsNuvoco Vistas Corp reported a INR1300m (US$15.99m) consolidated loss for the July-September quarter (2QFY22-23). The company had reported a loss of INR260m in the corresponding quarter last year. The consolidated cement sales volume for the company improved by 15 per cent YoY to 4.4Mt in 2QFY22-23. Consolidated revenue from operations during the same period improved by 19 per cent YoY to INR24,010m in line with higher sales volume and improved prices. Consolidated EBITDA for the quarter... |
Buzzi Unicem records net sales of EUR3bn in 9M2209 November 2022, Published under Cement NewsBuzzi Unicem reported consolidated net sales in the 9M22 of EUR3004m, up 18.2 per cent compared to EUR2542m in 9M21. Cement and clinker sales of the group, in the first nine months of 2022, reached 21.9Mt, down 6.2 per cent compared to the previous year. Ready-mix concrete sales closed with a more moderate slowdown at 8.8Mm 3 , a fall of 2.8 per cent. Foreign exchange rate variances positively contributed for EUR160.9 m. Net debt improved from EUR16.8m at the end of 2021 to a positive pos... |
Summit Materials net revenue rises to US$686m in 3Q2207 November 2022, Published under Cement NewsSummit Materials ' reported net revenue rose by US$23.8m to US$686m in the 3Q22, up 3.6 per cent on the 3Q21. Adjusted EBITDA declined US$5.4m to US$184.9m over the same period, reflecting the impact of divestitures and inflationary cost of revenue conditions. The company saw 3Q22 cement net revenues of US$119.9m, an increase of 29.6 per cent compared to 3Q21. Sales volumes of cement rose by 12.4 per cent in the 3Q22 driven by compounding price actions taken in 2022 and a focus on va... |
Heidelberg Materials grows revenue 13% in 9M2204 November 2022, Published under Cement NewsHeidelberg Materials ’ revenue in the first 9M22 rose significantly by 12.9 per cent in comparison with the previous year to EUR15,802m (9M21: EUR13,996m). Excluding consolidation and exchange rate effects, the rise amounted to 12.3 per cent. In particular, price increases in all group areas contributed to the revenue growth. Changes to the scope of consolidation of EUR622m had a negative effect on revenue, while exchange rate effects of EUR624m had a positive impact. The result from... |