Cement News tagged under: Results

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Titan reports 13% advance in 1Q turnover but EUR6.2m net loss

23 May 2019, Published under Cement News

Greece-based Titan Group reported a 12.5 per cent rise YoY in consolidated turnover to EUR362.7m in the first quarter of 2019 ended 31 March 2019. The company attributed the higher sales to a robust US market and growth in southeastern Europe. EBITDA was up two per cent to EUR44m as the company faced a challenging business environment in Egypt and Turkey. Titan's net result was impacted by higher depreciation charges and unfavourable foreign exchange rates, recording a EUR6m loss (1Q18: E...

Fauji Cement profits surge 15%

22 April 2019, Published under Cement News

Fauji Cement Company Ltd (FCCL), Pakistan, posted earnings of PKR2.4bn (USD16.99m), up by 15 per cent YoY for the nine months ended March 31 in FY2019. Net sales declined by 1.07 per cent to PKR15.64bn, from PKR15.81bn, primarily owing to drop in local dispatches. Over the period, distribution costs fell by 4 per cent to PKR183m, but administration expenses increased by 8 per cent to PKR 295m.

Sika sees successful start to the year

09 April 2019, Published under Cement News

Sika has reported a successful start to 2019 business year, reporting a new sales record of CHF1644.8m (EUR1462m) in the first quarter. This equates to an increase of 7.1 per cent  in local currencies. A negative currency effect (-1.3 per cent ) led to robust sales growth in Swiss francs of 5.8 per cent . Paul Schuler, Chief Executive Officer: “In a commercially challenging environment we have delivered sales growth of 7.1 per cent, which represents a strong start to the new business...

HeidelbergCement reports record 2017

22 March 2018, Published under Cement News

Despite a challenging environment, HeidelbergCement has announced at 14 per cent YoY increase in revenues to EUR17.3bn in 2017 from EUR15.2bn in 2016 although on a pro-forma basis, ie taking into account the contributions of Italcementi for the 1H16, the increase was more modest at two per cent. The company's sales volumes of cement, aggregates and ready-mixed concrete increased significantly and reached new records, particularly due the acquisition of Italcementi. Total cement sales reac...

Ambuja Cements Ltd posts 89% leap in 4Q17 profits

21 February 2018, Published under Cement News

Ambuja Cements Ltd (LafargeHolcim Group) has reported an 89 per cent jump in quarterly profit, helped by higher cement sales volume. Stand-alone profit rose to INR3.38bn (US$52.2m) in the fourth quarter ended 31 December 2017, from INR1.79bn a year earlier. Cement sales volume rose to 5.87Mt in the quarter, from 5Mt in the 4Q16. Net quarterly sales advanced 19 per cent YoY to INR26.12bn.  

Pakistan exports fall 16% in 1HFY18

25 January 2018, Published under Cement News

The volume of cement exports from Pakistan fell by 16.04 per cent YoY in the first half of the current financial year (July-Dec 2017). Data released by the Federal Bureau of Statistics shows that Pakistan exported 2.35Mt of cement in the period, compared to 2.80Mt of the 1HFY17. The value of the cement exports decreased by 18.57 per cent, to US$118.5m from US$145.6m of the year-ago period. In December 2017 the country exported 293,522t of cement, a MoM decrease of 19.24 per cent from 363,4...

Vicat reports 4% growth in consolidated 9M17 sales

07 November 2017, Published under Cement News

Vicat’s 9M17 sales reached EUR1.92bn (USD2.22bn) versus EUR1.87bn a year earlier, reflecting a 4 per cent rise at constant scope and exchange rates. On a reported basis, the group’s sales rose 2.9 per cent compared with the same period of 2016. These results were supported by a 4 per cent pick-up in sales at constant scope across all Vicat’s regions, except for West Africa. The negative currency effect was -4 per cent, predominantly a result of the depreciation in the Egyptian pound and Tu...

Eagle Materials Inc 2Q fiscal 2017 cement volumes rise

26 October 2017, Published under Cement News

Eagle Materials Inc reported that in its financial results for the 2Q fiscal 2017, ended 30 September 2017, cement volumes were up 12 per cent, including the Fairborn business, while the Texas Lehigh cement joint venture volumes were down six per cent. The company also benefitted from cement prices being up seven per cent overall.   Second-quarter EBITDA increased five per cent, reflecting the financial results of the recently-acquired cement plant in Fairborn, Ohio, and related assets (the...

Cimpor's 1H volumes down 2.7 per cent

14 September 2017, Published under Cement News

Cimpor reported that first-half 2017 EBITDA growth in Argentina, Paraguay and South Africa, and to a lesser extent Portugal, mitigated adverse operating environments in the company’s other group regions. Sales of EUR921m (US$1.096bn) rose 2.6 per cent YoY. An average price adjustment of 10 per cent offset lower volumes.  EBITDA of EUR166m was 2.6 per cent lower compared to 1H16 on the back of non-recurring costs. Excluding these items, EBITDA remained stable. Cement and clinker volumes...

Maple Leaf FY17 net profit dips

14 September 2017, Published under Cement News

Pakistan-based Maple Leaf Cement Factory Ltd (MLCF) reported a net profit of PKR4.77bn in FY17, a decline of two per cent on a YoY basis. Revenue was up by two per cent YoY to PKR24.0bn for FY17. Finance costs of the company declined by 27 per cent YoY to PKR318m during FY17.  Along with the results the company also announced a final cash dividend of PKR1.75/share taking cumulative DPS to PKR3.75/share (compared to a DPS of PKR4.0 in FY16).