Cement News tagged under: Indian subcontinent
Orient Cement Ltd reports loss as costs escalate10 November 2022, Published under Cement NewsOrient Cement Ltd has posted revenue from operations of INR6152m (US$75.5m) in the quarter ended 30 September 2022. This is down from INR7139m in the previous year but up from the INR6161m posted in the same period a year earlier. Meanwhile, the company reported a net profit of INR568m in the quarter ended 30 September 2021, which fell to INR374m in the quarter ended 30 June 2022, and finally a loss of INR94.9m in the three months up to 30 September 2022. Basic earnings per share have c... |
Ramco Cements' profits hit by rising production costs10 November 2022, Published under Cement NewsRamco Cements Ltd has reported unaudited standalone revenue of INR17,932m (US$220m) in the quarter ended 30 September 2022. This compares with INR17,793m in the previous quarter and INR15,010m in the same quarter a year earlier. Net profit in the September 2022 quarter came in at INR114.7m, down from INR1122.7m in the previous year and significantly lower than the INR5170.8m reported in the September 2021 quarter. Power and fuel costs have advanced from INR2862.5m in the September 2021 ... |
Anjani Portland Cement sees revenue slip and profits tumble09 November 2022, Published under Cement NewsIndia's Anjani Portland Cement Ltd has reported standalone revenue from operations of INR1068m (US$13.05m) in the quarter ended 30 September 2022, compared to INR1047m in the same period a year earlier. The previous quarter, ended 30 June 2022, saw revenue of INR1106m. Net profit for the September 2022 quarter came in at a loss of INR106.6m, versus a gain of INR68.9m in the same quarter a year earlier. The quarter ended 30 June 2022 reported a loss of INR25.7m. Earnings per share fell f... |
Maple Leaf Cement begins Line 4 production09 November 2022, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) that an additional dry process clinker production line of 7000tpd grey clinker, a brownfield expansion at the company’s existing site in Iskanderabad , Punjab, successfully started production on 3 November 2022, according to a bourse filing of Company Secretary Muhammad Ashraf. MLCF had signed a contract with Chengdu Design & Research Institute, China, to supply a 7000tpd grey clinker line in March last ye... |
INSEE Cement extends biodiversity MoU with IUCN08 November 2022, Published under Cement NewsSri Lanka’s largest cement producer, INSEE Cement , has entered into a Memorandum of Understanding (MoU) with the International Union for Conservation of Nature and Natural Resources (IUCN), according to The Colombo Post. The agreement will extend their long-standing partnership to continue INSEE’s biodiversity projects for a further three years, from 2022 to 2025. The MoU was signed by Nandana Ekanayake, chairman and CEO of INSEE Cement, and Anshuman Saikia, coordinator of regional portfo... |
The India Cements Ltd sees 8% advance in revenue08 November 2022, Published under Cement NewsThe India Cements Ltd has reported consolidated revenue from operations of INR13,270m (US$161.5m) in the quarter ended 30 September 2022, compared to INR12,340m in the same period a year earlier, an increase of 7.5 per cent YoY. Profit over the same period fell from a gain of INR320m to a loss of INR1210m, reports Dow Jones Newswires. Basic earnings per share came in at -INR3.62 versus INR0.87 in the quarter ended 30 September 2021. Power and fuel costs over the same timeframe jumped from ... |
Pakistan cement dispatches fall 19% in October07 November 2022, Published under Cement NewsCement dispatches in Pakistan fell for the fourth month in a row in October, coming in at 4.25Mt, compared to 5.22Mt in October 2021, down 18.5 per cent. According to the All Pakistan Cement Manufacturers Association, local dispatches declined 15.5 per cent YoY from 4.6Mt in October 2021 to 3.89Mt in the same month this year. Exports fell by 40.7 per cent over the same period from 611,378t to 362,350t. Cement mills based in the north of Pakistan dispatched 3.27Mt of cement in October thi... |
Adani Enterprises posts three-fold rise in revenue07 November 2022, Published under Cement NewsAdani Enterprises Ltd has posted a three-fold rise in revenue in the second quarter of FY22-23. Revenue for the three-month period came in at INR387,150m (US$4694m), compared to INR132,180m in the 2QFY21-22. EBITDA over the same timeframe advanced by 69 per cent to INR21,360m, while profit after tax improved by 117 per cent to INR4610m, reports The Times of India. Led by Asia’s richest person, Gautam Adani, the company has made inroads into the infrastructure and cement manufacturing se... |
Fuel and power costs hit profits at JK Lakshmi Cement07 November 2022, Published under Cement NewsIndia-based JK Lakshmi Cement Ltd has reported consolidated revenue from operations of INR13,735m (US$166.9m) in the quarter ended 30 September 2022. This compares to INR16,541m in the previous quarter and INR12,088m in the same quarter a year earlier. EBITDA in the September 2022 quarter came in at INR1835m, versus INR2637m in the previous quarter and INR2116m in the same quarter in 2021. Net profit after tax fell from INR872m in the quarter ended 30 September 2021 to INR617.9m in the ... |
Gujarat Sidhee Cement sees fall in revenue04 November 2022, Published under Cement NewsIndia’s Gujarat Sidhee Cement Ltd has reported unaudited revenue from operations of INR1422m (US$17.16m) in the quarter ended 30 September 2022, down from INR1663m in the same period a year earlier. Profit over the 2022 three-month period posted a loss of INR154m, compared to a loss of INR0.8m in the same quarter in 2021. Basic earnings per share over the 2022 quarter came in at -INR1.73, versus -INR0.01 in the comparable period in 2021. In the half year ended 30 September 2022, revenu... |