Cement News tagged under: FY18
CCNN reports record net profit of NGN5.7bn in FY1811 April 2019, Published under Cement NewsCement Company of Northern Nigeria (CCNN) has released its FY18 results, reporting a net profit of NGN5.7bn (US$15.75m) , 77 per cent higher than in 2017. The earnings report is the first since the merger with Kalambaina Cement. Revenue reached NGN31.7bn, up 62 per cent YoY. EBITDA rose by 86 per cent to NGN7.9bn. CNN produced 0.76Mt of cement and sold over 0.74Mt. Sales in Nigeria rose by 49 per cent YoY to NGN28.9bn, while export figures rose from NGN0.2bn in 2017 to NGN2.9bn in 2018. T... |
Buzzi Unicem reports EBITDA rose by nearly 14% in 201829 March 2019, Published under Cement NewsBuzzi Unicem released its consolidated financial statement for 2018, reporting that EBITDA rose by 13.6 per cent in 2018 to EUR577m, up by EUR69m on 2017. Net debt increased to EUR891m rising by EUR28m after investments of EUR444m, of which EUR31m were for expansion projects, EUR45m for the acquisition of Seibel & Sohne in Germany and EUR161m for the strategic agreement with Grupo Ricardo Brennand in Brazil. In 2018 the group sold 27.9Mt of cement , up 4.3 per cent on 2017 and 12.1Mm 3 ... |
HeidelbergCement considers further portfolio optimisation22 March 2019, Published under Cement NewsDr Bernd Scheifele, chairman of HeidelbergCement Group, reflected positively on the group's full year 2018 results and its prospects for 2019. HeidelbergCement's revenue rose by five per cent to EUR18.1bn from EUR17.3 in FY17, even though it was impaired by negative currency effects of EUR592m. Adjusted for currency and consolidation effects, revenue increased by eight per cent. The cash flow also developed positively in 2018. HeidelbergCement generated sufficient cash to pay a full divi... |
Titan Group records turnover of EUR1.4bn in FY1821 March 2019, Published under Cement NewsTitan Group recorded consolidated turnover for 2018 at EUR1490.1m, recording a marginal one per cent decline compared to 2017. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by five per cent to EUR259.7m. Group net profit after minority interests and the provision for taxes reached EUR53.8m, posting a 26 per cent increase compared to 2017. In 4Q18 group turnover increased by 7.5 per cent reaching EUR388.2m and EBITDA increased by 6.6 per cent to EUR6... |
HeidelbergCement's operating line makes progress21 March 2019, Published under Cement NewsFinancial guidance for 2019 is for 'solid' or 'moderate' growth in Heidelberg Cement's revenue, EBITDA and EPS, and 'significant' net debt reduction (depending on which report you read). The group's management expects volume increases in all business lines, a tail-wind from energy cost inflation, and further margin improvement from the EUR100m SG&A cost cutting programme, reports Bernstein. HeidelbergCement reported earnings per share (EPS) grew by 25 per cent to EUR5.76 on EBIT grow... |
Raysut Cement's production rises 14% in FY1808 March 2019, Published under Cement NewsRaysut Cement Co of Oman has released consolidated financial statements for the year ended 31 December 2018, reporting that it produced 3.398Mt of clinker and 3.326Mt of cement against 2.967Mt of clinker and 2.913Mt of cement, respectively in 2017. The overall production of clinker is higher YoY by 14.5 per cent and cement by 14.2 per cent, respectively. According to the report, out of total production, the parent company produced 2.051Mt of clinker and 2.11Mt of cement at its Sal... |
Sephaku Cement sees 6% FY18 cement volumes fall07 March 2019, Published under Cement NewsSephaku Cement (Dangote Group) reported FY18 cement volumes fell by 6.4 per cent YoY in South Africa. Revenue also fell 3.1 per cent to ZAR2.2bn (US$153.9m) compared with ZAR2.37bn in 2017 while EBITDA slipped to ZAR461.5m from ZAR504.2m in FY17. Sephaku Cement reported that profit margins were affected by above-inflation cost increases on energy costs such as electricity and low availability of coal. Maintenance costs also impacted on performance. The company's net profit for 2018 was ZA... |
Cementos Argos' revenues slip in 201821 February 2019, Published under Cement NewsCementos Argos has posted its full-year 2018 results and reported that cement and ready-mix volumes fell in 4Q18 by three and seven per cent, respectively. The company pointed to unfavourable weather conditions in the USA and higher electricity and fuel costs in Colombia that were only partially offset by stronger sales in the Caribbean. Full-year 2018 results Cement volumes in 2018 slipped to 16.02Mt from 16.19Mt in 2017, down -1.1 per cent. Ready-mix volumes for the full year 2018 v... |
Caribbean Cement earns revenues of US$131m in 201821 February 2019, Published under Cement NewsCaribbean Cement reported an improved financial performance in 2018 compared to 2017. Revenue earned for 2018 was JMD17.6bn (US$130.8m), representing an increase of six per cent YoY. Profit before taxation for 2018 was JMD3.3bn, an increase of 118 per cent over the JMD1.5bn reached in the previous year. Net profit after tax for the period amounted to JMD2.5bn from JMD1.1bn in 2017. Caribbean Cement terminated the lease with parent company Trinidad Cement in April 2018 with the acquisition... |
Buzzi Unicem's cement volumes rise 4.3% in FY1808 February 2019, Published under Cement NewsBuzzi Unicem's financial year 2018 results saw cement volumes at 27.9Mt, up 4.3 per cent from 26.8Mt in FY17. Ready-mix concrete volumes reached 11.8Mm 3 , down 3.6 per cent from 12.3Mm 3 in FY17. Consolidated net sales equalled EUR2873m (EUR2806m in 2017), up 2.4 per cent and up 3.2 per cent like-for-like. Group net debt at the end of 2018 amounts to EUR891m, up EUR28m compared to EUR863m at the end of 2017. Italy Buzzi Unicem's sales of hydraulic binders and clinker were up 13.3 ... |