Cement News tagged under: Results
BBMG Corp posts 17% fall in revenue in 202230 March 2023, Published under Cement NewsChina’s BBMG Corp has posted a 16.8 per cent YoY decline in revenue in 2022 to CNY102,822.2m (US$14,938m). Net profit over the same period fell 66.6 per cent to CNY1739.9m, while basic earnings per share contracted from CNY0.27 to CNY0.11. Sales of cement in 2022 came in at 78Mt, while clinker sales reached 8.9Mt, giving a combined annual sales volume of 86.9Mt, marking a 12.8 per cent YoY decline. According to the National Bureau of Statistics of China, national cement output in 2022 was... |
Semen Indonesia sales volume declines 3% in 202228 March 2023, Published under Cement NewsSemen Indonesia Group (SIG) recorded lower sales volume inline with lower domestic demand in 2022. Domestic cement sales volume weakened by 3.4 per cent YoY to 63.03Mt led by a contraction in bag sales volume of 8.7 per cent YoY due to price increases, while the bulk market maintained growth of 14.5 per cent. SIG’s total sales contracted by 12.9 per cent YoY to 36.92Mt. Domestic cement sales declined 7.2 per cent YoY to 31.6Mt in 2022, while regional sales fell by 36.4 per cent YoY ... |
CNBM reports 17% drop in sales in 202227 March 2023, Published under Cement NewsChina National Building Material Company Ltd (CNBM) has reported sales of CNY230.167bn (US$33,441m) in 2022, down 16.5 per cent YoY from CNY275.618bn in the previous year. Net income over the same period fell from CNY17.094bn to CNY8.650bn, while basic earnings per share declined from CNY1.932 to CNY0.944. Net profit fell to CNY7.96bn in 2022 compared to CNY16.3bn in 2021, down 51 per cent YoY. According to the company, cement production contracted 10.5 per cent to a decade-low of 2.13bt ... |
Holcim Philippines sees sales dip in 202227 March 2023, Published under Cement NewsHolcim Philippines has reported net sales of PHP26,587m (US$489.7m) in 2022, down from PHP29,946m in the previous year. Operating EBITDA over the same period fell from PHP5412m to PHP4068m, while net profit declined from PHP2565m to PHP1643m. In the fourth quarter of 2022, net sales came in at PHP7475m, up from PHP6797m in the 4Q21. Operating EBITDA dipped slightly from PHP955.9m in the 4Q21 to PHP995.6m in the same period a year later, while net profit improved from PHP264.7m to PHP4... |
Hoffmann Green reports flat revenue in 202227 March 2023, Published under Cement NewsHoffmann Green Cement Technologies has reported revenue of EUR2.22m in 2022, down from EUR2.38m in the previous year. EBITDA over the same period declined from a loss of EUR5.23m to a loss of EUR6.62m. The decrease in EBITDA over the year was due to higher raw material costs (EUR0.6m), increased product testing and development (EUR0.4m) and higher payroll (EUR0.4m). 2021 saw a net loss of EUR5.56m, followed by a net loss of EUR6.74m in 2022. The company recorded a strong increase in acti... |
Tabuk Cement reports 30% YoY increase in revenue in 202224 March 2023, Published under Cement NewsSaudi Arabia’s Tabuk Cement Co has reported revenue of SAR297.55m (US$79.35m) in 2022, up 30.2 per cent from the SAR228.53m seen in 2021. Over the same period, net profit after zakat and tax advanced 18 per cent from SAR17.76m to SAR20.97m. Meanwhile, earnings per share rose from SAR0.20 to SAR0.23, reports Zawya. In the first nine months of 2022, revenue was up 20.6 per cent YoY at SAR210.11m, while net profit fell 80.71 per cent YoY to SAR3.36m. |
Luks Group (Vietnam Holdings) hit by construction standstill in 2H2223 March 2023, Published under Cement NewsLuks Group (Vietnam Holdings) Co Ltd has reported revenue of HKD492.88m (US$62.8m) in 2022, down from HKD513.23m in the previous year. Profit for 2022 came in at HKD48.5m, compared to HKD84.6m in 2021, while earnings per share fell from HKc16.8 to HKc10.6 over the same period. Revenue from sales of cement products stood at HKD281.45m in 2022, marking a contraction from HKD310.3m in 2021. According to the company, the fall in cement revenue was due to Vietnam’s real estate and construc... |
Umm Al Qura sees net profit plunge 72% YoY in 202223 March 2023, Published under Cement NewsSaudi Arabia-based Umm Al Qura Cement Company has reported revenue of SAR221.21m (US$58.99m) in 2022, down 20.66 per cent from the SAR278.83m seen in the previous year. Net profit after zakat and tax over the same period fell 71.77 per cent to SAR22.98m, reports Zawya. Earnings per share in 2022 came in at SAR0.42, compared to SAR1.48 in 2021. In the first nine months of 2022, the company saw revenue contract by 15.13 per cent YoY to SAR179.29m, while net profit after zakat and tax was do... |
Loma Negra posts 1% uptick in revenue in 202210 March 2023, Published under Cement NewsArgentina’s Loma Negra has reported a two per cent YoY increase in revenue in the 4Q22 to ARS36,763m (US$215m), mainly driven by a strong performance in the concrete and aggregates segments, which helped offset a fall in cement sales. Adjusted EBITDA came in at ARS13,173m, up 5.4 per cent YoY in adjusted pesos, or up 42.7 per cent in dollars at US$91m. Net profit over the quarter stood at ARS7452m, boosted by the sale of non-strategic property, according to the company. For the full y... |
Lafarge Africa sees net sales improve 27% YoY06 March 2023, Published under Cement NewsLafarge Africa Plc has reported a 27.3 per cent rise in net sales in FY22 to NGN373.2bn (US$812.9m), compared to NGN293.1bn in FY21. Recurring EBIT over the same timeframe advanced by 29.3 per cent to NGN84.2bn with the recurring EBIT margin moving from 22 per cent in FY21 to 23 per cent a year later. Earnings per share over the same period improved by 5.2 per cent from NGN3.17 to NGN3.33. Khaled El Dokani, CEO of Lafarge Africa, commented, “In 2022, we recorded 27.3 per cent and 29.3... |