Cement News tagged under: 2Q19
Saudi Cement producers profits recover in 2Q1902 August 2019, Published under Cement NewsSaudi Cement posted net income of SAR92.3m (US$24.613m) in 2Q19 and profits were up 59 per cent in the period compared to 2Q18, but declined by 30.3 per cent compared to 1Q19. The company recorded cement sales of SAR338.6m and received average prices of SAR217.6/t. "The YoY increase is mainly attributed to improved selling price and volumetric sales, despite an increase in administrative expenses. Deviation in 2Q earnings from our estimates is mainly ascribed to higher-than-expected cost... |
Cemex Latin America sees sales fall to US$249m in 2Q1926 July 2019, Published under Cement NewsCemex Latin America Holdings SA announced consolidated net sales of US$249m in 2Q19, a YoY fall of 11 per cent in US dollar terms or by four per cent in local currency terms. Operating EBITDA reached US$46m in 2Q19, a decline of 28 per cent in US dollar terms or 23 per cent in local currency terms YoY. Domestic grey cement volumes rose by one per cent in 2Q19, while consolidated ready-mix and aggregates' volumes declined by five per cent and six per cent, respectively when compared to 2Q18.... |
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