Cement News tagged under: Results
CRH revenue up 12% YoY in 202203 March 2023, Published under Cement NewsCRH plc has reported a 12 per cent YoY increase in sales in 2022 to US$32.7bn. EBITDA over the same period advanced by 13 per cent to US$5.6bn, while the EBITDA margin is up 10bps to 17.2 per cent. Earnings per share (EPS) in 2022 improved by 14 per cent YoY at US$3.50. Commenting on the results, Albert Manifold, chief executive of CRH, said: “Our 2022 performance reflects the outstanding commitment of our people, the underlying strength and resilience of our business and the continued... |
Fecto Cement posts 35% revenue growth02 March 2023, Published under Cement NewsPakistan’s Fecto Cement Ltd has reported revenue of PKR4145m (US$15.15m) in the six months ended 31 December 2022, marking a YoY increase of 34.8 per cent. Local sales revenue was up 32.7 per cent YoY to PKR3959m, while export revenue advanced by 102 per cent YoY to reach PKR186m. According to the company, the increase was driven by improved selling prices. Over the six-month period, Fecto Cement sold 311,129t, down 13.87 per cent YoY. Local sales volumes fell by 14.7 per cent Yo... |
Adbri reports 8% rise in revenue in 202228 February 2023, Published under Cement NewsAdbri has reported an 8.4 per cent YoY increase in revenue in 2022 to AUD1.7bn (US$1142m), driven by price increases and volume growth across most product lines. Statutory net profit after tax came in at AUD102.6m, down from AUD116.7m in the previous year, due to higher operating costs as a result of inflation, particularly energy costs and wet weather events. Capital expenditure in 2022 stood at AUD255.1m, up from AUD140.5m in the previous year, due to the spend on the Kwinana Upgrade p... |
Heidelberg Materials' revenue hits all-time high23 February 2023, Published under Cement NewsHeidelberg Materials has reported a 13 per cent YoY increase in group revenue to an all-time high of EUR21.1bn in 2022. Adjusted profit for the financial year also rose significantly, with adjusted earnings per share up 20 per cent YoY at EUR9.47. Good progress was seen in the company’s decarbonisation programme with specific net CO 2 emissions falling by a further two per cent. According to the company, higher energy and raw material prices had a significant impact on construction act... |
Akçansa Çimento reports increase in revenue and profit21 February 2023, Published under Cement NewsTurkey’s Akçansa Çimento has announced revenue of TRY8.9bn (US$471.7m) in 2022, compared to TRY2.87bn in the previous year. Net profit over the same timeframe has risen from TRY303.6m to TRY1.52bn, according to Reuters. |
Vulcan Materials sees revenues advance in 2022 despite poor weather17 February 2023, Published under Cement NewsVulcan Materials has announced total revenue of US$7315m in 2022, up from US$5552m in the previous year. Adjusted EBITDA came in at US$1626m in 2022, compared to US$1451m in 2021, while gross profit advanced from US$1373m in 2021 to US$1558m 12 months later. In the fourth quarter of 2022, total revenue stood at US$1732m, versus US$1606m in the 4Q21. Adjusted EBITDA fell from US$383m in the 4Q21 to US$375m in the same period a year later, while gross profit remained stable at US$350m in... |
Grasim Industries sees profit tumble QoQ15 February 2023, Published under Cement NewsGrasim Industries Ltd, which owns UltraTech Cement , has reported unaudited standalone total income from continuing operations of INR62,983.1m (US$760.4m) in the quarter ended 31 December 2022. This compares to INR75,007.5m in the previous quarter and INR58,252.9m in the same period a year earlier. Net profit advanced from INR5224.7m in the quarter ended 31 December 2021 to INR9643m in the quarter ended 30 September 2022, before falling to INR2573.6m in the latest quarter ended 31 Decemb... |
HeidelbergCement India sees profit slump in December 2022 quarter15 February 2023, Published under Cement NewsHeidelbergCement India has reported total income of INR5506.7m (US$66.6m) in the quarter ended 31 December 2022, up from INR5170.6m in the previous quarter but down slightly on the INR5568.1m seen in the same quarter in 2021. Over the nine months ended 31 December 2022, total income came in at INR16,678.8m, down from INR17,135.9m in the same period a year earlier. Net profit in the quarter ended 31 December 2022 stood at INR55.8m, compared to INR70.1m in the previous quarter, and signi... |
Burnpur Cement losses continue10 February 2023, Published under Cement NewsIndia-based Burnpur Cement Ltd has reported total income of INR349.3m (US$4.24m) in the quarter ended 31 December 2022. This compares to INR330.2m in the previous quarter and INR357.2m in the same quarter a year earlier. Over the December 2022 quarter a loss of INR207.6m was seen, compared to a loss of INR202.5m in the previous quarter, and a loss of INR53.8m in the December 2021 quarter. Cement sales over the quarter ended 31 December 2022 came in at 84.7Mt In the nine months ended ... |
Boral reports 12% advance in revenue10 February 2023, Published under Cement NewsBoral has reported revenue of AUD1681.1m (US$1172.8m) in the six months ended 31 December 2022, marking a 12 per cent increase YoY. According to the company, this has been driven by higher volumes and prices. EBIT over the same period advanced by 15 per cent to AUD95.3m, while the EBIT margin was up 20bps to 5.7 per cent. Underlying net profit after tax (NPAT) grew by 53 per cent YoY to AUD56.8m, with adjusted earnings per share (EPS) coming in at 5.1 cents , up 50 per cent on the sam... |