Cement News tagged under: Results

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Plant disruption drives Lafarge Zimbabwe to a loss

02 May 2022, Published under Cement News

Lafarge Cement Zimbabwe recorded a US$695m loss in 2021, compared to a US$5bn profit in the same period a year earlier. The fall is reportedly due to the negative impact of disruptions from the roof collapse at one of its cement mills and the adverse effect of the COVID-19 pandemic. This led to a 21 per cent decline in 2021’s volume uptake and a subsequent loss before tax of US$364m, versus a US$3.2bn profit in the previous year. The collapse of the mill plant halted operations between Oc...

Lucky Cement sees double-digit profit growth

02 May 2022, Published under Cement News

Lucky Cement Limited has reported profit after tax on a consolidated basis of PKR26.53bn (US$142.9m), of which PKR5.81bn was attributable to non-controlling interests, in the nine months ending March 31, 2022. This translates into earnings per share (EPS) of PKR64.07, compared to PKR56.36 in the same period a year earlier. The company saw gross turnover of PKR265.70bn, up 31.2 per cent YoY. Consolidated net profit, attributable to the owners’ of the holding company, advanced by 13.7 per cent...

HeidelbergCement enjoys improved 1H results

29 July 2021, Published under Cement News

HeidelbergCement’s positive sales development in the first quarter of 2021 continued in the second quarter, leading to a 9.7 per cent YoY increase in cement and clinker sales volumes to 61.8Mt in the first half of 2021 from 56.3Mt in the year-ago period. Deliveries of aggregates advanced by 7.5 per cent YoY to 145Mt from 134.8Mt in the 1H20 while ready-mixed concrete sales in the 1H21 were up by 8.3 per cent YoY to 23.5Mm3 from 21.7Mm3 in the 1H20. Asphalt deliveries increased by 11.5 per ce...

HeidelbergCement reports good 2019 results growth

18 February 2020, Published under Cement News

HeidelbergCement reports good 2019 results growth in addition to the preliminary unaudited figures already published on 12 February 2020, HeidelbergCement has today presented – as scheduled – preliminary unaudited figures for the group areas and the fourth quarter 2019. "We have concluded the 2019 business year successfully," said Dr Dominik von Achten, chairman of the Managing Board of HeidelbergCement. “All group areas contributed to the good results – however with varied development in t...

South Valley Cement losses increase sharply

31 December 2019, Published under Cement News

South Valley Cement Company, Egypt, posted a 930 per cent year-on-year increase in losses during the first nine months of 2019, according to the company’s financial statements. The cement producer’s losses amounted to EGP173.9m (US$10.83m) in the January-September period, compared to EGP16.8m in the same period in 2018, according to a statement to the Egyptian Exchange. During the same period, the company’s sales fell by almost half to EGP345.26m from EGP656.3m in the same period in 2018.

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.