Cement News tagged under: 3Q18

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Lafarge Malaysia records 3Q18 net loss of MYR109m

21 November 2018, Published under Cement News

Lafarge Malaysia recorded a net loss in 3Q18 of MYR109.28m (US$26m) down 160 per cent from MYR42.01m in 3Q17. Revenue fell by 14 per cent YoY to MYR495.1m in 3Q18. The decline in earnings was down to lower cement sale and higher operating expenditure. Higher energy prices, as well as the lower production output and timing of the scheduled plant maintenance put pressure on costs. "The decrease was due to the soft market demand and continuing domestic pricing pressures," said Lafarge Malay...

RHI Magnesita held back by Chinese market in 3Q18

05 November 2018, Published under Cement News

RHI Magnesita's 3Q18 results reported that the company's cement and lime segment continues to be held back by reduced cement production in the Chinese market and the company's ongoing focus on pricing and quality, against more commoditised competitors. However, CEO Stefan Borgas said: "The solid results in third quarter reflect a continuation of the positive trends we saw in the first half, driven by strong end-markets, the positive response by customers to the full portfolio and solution ...

Southern Province Cement's net profits fall to SAR3.5m in 3Q18

01 November 2018, Published under Cement News

Southern Province Cement (SPC) reported a net profit of SAR5.3m (US$1.41m) in 3Q18, down 65 per cent QoQ and down 91 per cent YoY.  "...with the current economic situation, low construction activities and high competition we don’t believe prices are going up in the near term," Al Rajhi added. In terms of sales, 4Q18 should witness a slight increase in profits for SPC as there are no holiday breaks, reported the Argraam news site.

1QFY19 remains gloomy for cement industry in Pakistan

01 November 2018, Published under Cement News

Pakistan's cement sector net earnings have dropped by 38 per cent YoY to PKR8.224bn (US$62m) in 1QFY19 on the back of a number of factors, including a surge in international coal prices (12 per cent YoY), the devaluation of the Pakistani rupee against the US dollar (18 per cent YoY) and higher fixed costs (depreciation and financial cost) on the account of plant expansion. This observation was made by market analysts at Karachi-based Spectrum Securities Ltd following their evaluati...

Caribbean Cement's debt repayments hurt 3Q18 results

31 October 2018, Published under Cement News

Caribbean Cement has blamed finance costs linked to debt owed to Cemex as well as volatile currency movements for its lower profits in 3Q18. The company's 3Q18 sales amounted to JMD4.5bn (US$33.5m) up seven per cent YoY, but profits fell to JMD305m at the end of September 2018, down from JMD748m a year ago. "The reduction in profit before taxation compared to the same period in 2017 was impacted by foreign exchange losses of JMD464m and interest payments of JMD227m. Both are related to t...

LafargeHolcim 3Q18 sales grow by 5.8%

26 October 2018, Published under Cement News

LafargeHolcim reports that its 3Q18 results saw like-for-like net sales grow by 5.8 per cent and by 5.1 per cent in the first nine months of 2018 compared to the prior-year period. Growth was driven by increased demand as well as sales price increases. Recurring EBITDA grew over-proportionally by a very strong 8.1 percent in 3Q18 compared to 3Q17. Steep cost inflation in energy and logistics was more than offset by the company’s volume growth as well as the effectiveness of its pricing and...

HeidelbergCement partially adapts 2018 outlook

18 October 2018, Published under Cement News

Today, HeidelbergCement has made a new assessment of the current business year based on preliminary numbers for the 3Q18. Sales volumes and revenue of the first nine months of 2018 developed within expectations and the guidance for the full year remains unchanged. However, the outlook for 2018 is adapted to a low- to mid-single-digit percentage decline (previously: mid- to high-single digit percentage increase). HeidelbergCement said in a statement that: "The reason for the adjustment is...