Cement News tagged under: Cahya Mata Sarawak Bhd
Malaysia’s CMS posts 284% rise in 2Q net profit01 September 2021, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Berhad (CMS) reported a 32.3 per cent rise in 2Q revenues from MYR139.878m in the 2Q20 to MYR185.001m in the 2Q21. Profit before tax tripled from MYR18.479m to MYR57.471m over the same period. Profit attributable to equity holders of the parent company was up 283.7 per cent to MYR47.39m from MYR16.707m. In the first half of 2021 the company saw revenue edge up 17.5 per cent from MYR329.322m to MYR387.058m while profit before tax advanced from MYR36.573m to ... |
Cahya Mata Sarawak sees net profits of MYR77.8m in 1QFY2131 May 2021, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) recorded a 3.5-fold higher net profit of MYR77.8m (US$18.8m) for the first quarter ended 31 March 2021 compared with MYR17.28m in the same period last year. Revenue increased to MYR202.06m from MYR189.44m in 1QFY20. CMS said the revenue increased seven per cent due to higher contributions from the cement, trading and property development divisions. "The cement division reported a higher revenue of MYR128.17m attributed to lower clinker purchase price, ... |
Cahya Mata Sarawak sees gradual increase in cement demand04 March 2021, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Bhd (CMS) can expect an improved financial performance this year, given the anticipated gradual recovery in the demand for building materials in Sarawak following the relaxation of movement restrictions. TA Securities Research said CMS management expects demand for cement to be around 1.6Mt in 2021, backed by ongoing infrastructure projects such as the Pan Borneo Highway, Coastal Road and Baleh Hydro Dam. The group’s clinker plant is also on track... |
Malaysia’s CMS sees 64% drop in net profit02 July 2020, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Bhd (CMS) reported a 32.5 per cent drop in revenue to MRY282.5m (US$65.9m) in the first quarter of 2020. Its cement segment saw revenues fall by 17.9 per cent to MRY120.2m and was the least-affected part of the business. Profit before tax declined 57.1 per cent YoY to MYR32.7m with the cement segment being the only one to record a profit. CMS’s cement business saw a 69 per cent rise in profit before tax to MYR144.7m. This resulted in a cement profit margin... |
Cahya Mata Sarawak 4Q net profit down 90%28 February 2020, Published under Cement NewsMalaysia’s Cahya Mata Sarawak Bhd’s (CMS) net profit declined 90 per cent to MYR5.4m (US$1.28m) in the fourth quarter ended 31 December 2019, compared to MYR53.5m in the 4Q18. Profit before tax decreased 76 per cent YoY to MYR20.2m in the 4Q19 from MYR83.1m in the 4Q18. CMS revenue in the 4Q19 also fell eight per cent YoY to MYR456.5m from MYR496.8m reported in the 4Q18. The reduced performance was attributed to its cement, construction, road maintenance and property development business.... |
CMSB 3Q profit drops 7%27 November 2019, Published under Cement NewsCahya Mata Sarawak Bhd (CMSB)’s net profit declined seven per cent to MYR72.83m (US$17.451m) in the 3Q19, ended 30 September 2019 from MYR78.02m in the 3Q18. The company’s revenue remained stable at MYR467.18m (3Q18: MYR465.17m). The fall was attributed to rising sales costs and a decrease in other income. Cost of sales advanced three per cent to MYR371.29m in the 3Q19 from MYR362.13m in the year-ago period. Other income decreased 63 per cent to MYR3.67m from MYR10.02m over the same period... |
Cahya Mata Sarawak sees decline in 1H19 net profit29 August 2019, Published under Cement NewsMalaysia's Cahya Mata Sarawak Bhd (CMS) recorded a 54.9 per cent decline in net profit to MYR41.33m (US$9.79m) for the 2Q19, compared with MYR91.63m in the year-ago period. However, revenue showed a modest increase to MYR399.17m from MYR395.28m. In the 1H19, net profit decreased 37 per cent to MYR82.1m, while revenue rose 8.9 per cent to MYR817.35m. The company has attributed the lower earnings to the higher cost of imported clinker and coal for its cement division, which is expected to ne... |
Cahya Mata Sarawak reports 5% rise in net profit15 May 2019, Published under Cement NewsMalaysia's Cahya Mata Sarawak Bhd (CMS) has announced a five per cent YoY increase in net profit to MYR40.76m (US$9.76m) from MYR38.98m for the first quarter of 2019, with the rise attributed to a stronger performance across its core businesses. Quarterly revenue advanced 17.8 per cent to MYR418.8m, compared to MYR354.99m in the year-ago period. The company’s cement division reported a 67 per cent higher profit before tax in the quarter due to higher sales and lower clinker production cost... |
CMS sees 51% rise in profit15 May 2018, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Bhd (CMS) has reported a 15.4 per cent rise in unaudited revenues to MYR354.987m (US$89.7m) in the quarter ended 31 March 2018 from MYR307.679m in the corresponding quarter of 2017. Profit before tax rose 27.8 per cent from MYR44.852m in 1Q17 to MYR56.958 in 1Q18 while profit attributable to ordinary shareholders of the parents advanced by 50.7 per cent to MYR38.977m from MYR25.864m in 1Q17. “For FY2018, we also expect to see upsides for quarry produc... |
CMS sees 27% rise in earnings23 February 2018, Published under Cement NewsCahya Mata Sarawak Bhd (CMS), Malaysia, saw its earnings rise 27.2 per cent to MYR215.2m (US$55m) in the financial year ended 31 December 2017 from MYR169.2m in 2016 although earnings in 4Q17 were lower. Earnings related to the company’s four divisions: cement, construction and road maintenance, cosntruction materials and trading, and property development. Total revenues in 2017 increased by 3.6 per cent YOY to MYR1.6bn from MYR1.55bn. CMS also recorded a higher share of profit of MYR... |