Cement News tagged under: Results

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Steppe Cement reports lower volumes in 1H23

13 July 2023, Published under Cement News

Kazakhstan-based Steppe Cement Ltd has reported sales volumes of 749,034t of cement in the first half of 2023, down from 837,063t in the same period a year earlier. Revenue over the same period fell from KZT19,579m (US$44.09m) to KZT16,977m. The average price for delivered cement over the 1H23 stood at KZT22,665/t (ex-VAT), compared to KZT23,391/t in the first half of 2022. The ex-factory price over the same period declined from KZT20,485/t to KZT19,205/t.  The cement market in Kazakhst...

Orient Cement sees revenue advance in FY22-23

05 July 2023, Published under Cement News

Orient Cement , part of the CK Birla Group, has reported total income of INR29,375.5m (US$358.2m) in its FY22-23 annual report (FY21-22:INR27,350m). EBITDA over the same period came in at INR3765.6m (FY21-22:INR6006m), with an EBITDA margin of 12.8 per cent, while profit after tax stood at INR1228.2m (FY21-22:INR2633m). Earnings per share over the 12 months were reported at INR5.99. According to Chandrakant Birla, chairman, Orient Cement, “The government’s focus on infrastructure develo...

Shree Cement reports 18% YoY revenue growth

04 July 2023, Published under Cement News

Shree Cement has reported revenue from operations of INR168,374m (US$2055m) in FY22-23 (ended 31 March 2023), up 18 per cent YoY from INR143,060m in FY21-22. EBITDA in FY22-23 came in at INR33,737m, with profit after tax of INR13,281m. The company registered total sales volumes of 31.82Mt in FY22-23, marking growth of 15 per cent YoY. According to the company this growth was driven by increased government spending and higher demand for housing. Cement production in FY22-23 was 31.21Mt,...

Ambuja Cement reports revenue of US$4746m

29 June 2023, Published under Cement News

Ambuja Cement , part of the Adani Group , has reported revenue from operations of INR389,370m (US$4746m) in FY22-23. EBITDA came in at INR58,600m, with an EBITDA margin of 15 per cent, while profit before tax stood at INR37,290m. The company has changed its financial year end so these latest results cover 1 January 2022 to 31 March 2023, a total of 15 months, so are therefore not comparable with the figures for the 12 months ended 31 December 2021. Profit after tax was reported as INR3...

ACC reports revenue of US$2706m

29 June 2023, Published under Cement News

Indian cement producer ACC Ltd has reported revenue from operations of INR222,100m (US$2706m) in FY22-23. EBITDA came in at INR22,560m, while profit after tax stood at INR8700m. The company has changed its financial year end so these latest results cover 1 January 2022 to 31 March 2023, a total of 15 months, so are therefore not comparable with the figures for the 12 months ended 31 December 2021. Profit before tax was reported as INR11,820m while earnings per share were INR46 over the sam...

Kesoram Industries banks on blended cement for future growth

16 June 2023, Published under Cement News

Indian cement producer Kesoram Industries has reported a loss of INR1160m (US$14.2m) in the year ended 31 March 2023 (FY22-23), down from INR1300m in the same period a year earlier. The company expects to be back in profit this year on the back of a steady rise in the share of blended cements in its total sales, along with lower production and distribution costs, according to The Hindu.   The cement producer’s CEO, Mr P Radhakrishnan, forecasts EBITDA to improve to INR1000-1200/t in the...

South Valley Cement reports loss in 1Q23

06 June 2023, Published under Cement News

Egypt’s South Valley Cement Co has reported net losses after tax of EGP37.05m (US$1.19m) in the opening quarter of 2023, up from EGP31.2m in the same period a year earlier. Sales over the same time frame came in at EGP338.32m, up from EGP206.32m in the 1Q22. In terms of earnings per share, a loss of EGP0.07 was seen in the first quarter of 2023, compared to a loss of EGP0.06 in the opening three months of 2022. The company runs one integrated cement plant in Beni Suef.

The KCP Ltd sees profits slide as expenses climb

26 May 2023, Published under Cement News

India-based cement producer, The KCP Limited , has announced standalone total income of INR4840m (US$58.5m) in the quarter ended 31 March 2023, up from INR4638.2m in the same period a year earlier. Total expenses over the same time frame have increased from INR4189.2m to INR4605.5m, driven primarily by power and fuel costs, resulting in a profit of INR147.5m in the March 2023 quarter, down from INR271.6m in the quarter ended 31 March 2022. Earnings per share have declined from INR2.11 in th...

The India Cements Ltd posts loss as expenses rise

25 May 2023, Published under Cement News

The India Cements Ltd has posted standalone total income of INR14,788.9m (US$178.7m) in the quarter ended 31 March 2023, compared to INR13,967.2m in the same period a year earlier. The company has reported a loss of -INR2177.9m over the March 2023 quarter, versus a loss of -INR237.1m in the March 2022 quarter. Total expenses over the same period advanced from INR14,331.9m to INR16,073.1m, with power and fuel expenses expanding from INR5142.9m to INR6156.9m. Earnings per share fell from...

Shree Cement posts 15% fall in profit

23 May 2023, Published under Cement News

India’s Shree Cement has reported gross revenue from operations of INR59.98bn (US$724m) in the quarter ended 31 March 2023, up 16.8 per cent YoY. Profit of INR5.46bn (US$66.8m) was seen over the three-month period, compared to INR6.54bn in the same period a year earlier, marking a 15.3 per cent YoY decline. The company’s EBITDA margin over the same time frame contracted by two per cent as cement prices remained flat and expenses continued to expand. Shree posted a 24.4 per cent increas...