Cement News tagged under: 9M17

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Titan blown off course by Irma and devaluation in Egypt

03 November 2017, Published under Cement News

Titan Group released its 9M17 results this week and was hit by two exceptional events, namely hurricane Irma and the currency devaluation in Egypt. While the group's turnover reached EUR114.5m, a 1.8 per cent increase on the same period in 2016, 3Q17 turnover declined by 7.4 per cent to EUR370.7m and EBITDA fell by 15.3 per cent to EUR72.4m. USA bolsters results In the USA, where the company operates 3.5Mta cement capacity, the company reported that the market continues to grow despite ...

Dangote Cement group increases revenues by 37% in 9M17

20 October 2017, Published under Cement News

Dangote Cement’s overall group revenue increased by 36.5 per cent from NGN442.1bn (US$1.08bn) in the first 9M16 to NGN603.6bn in 9M2017, despite a 10.1 per cent fall in group cement volumes to 16.5Mt, as the impact of price increases dampened demand in Nigeria. The group’s profit for the period was NGN193.1bn, up 44.6 per cent compared to NGN133.5bn in 2016. “Dangote Cement has continued to perform strongly in 2017 with revenues up nearly 37 per cent despite a fall in volumes. In our key ...