Cement News tagged under: Results
Gulf Cement Co sees revenue advance 33% YoY16 February 2024, Published under Cement NewsGulf Cement Co has posted revenue of AED462.7m (US$125.99m) for 2023, up 33 per cent from the AED348.1m reported in the previous year. For 2023 the company saw a loss of AED21.84m versus a loss of AED30.46m in 2022. According to the company, the losses are the result of challenges including an increase in supply compared to demand, and falling cement and clinker prices in the local and export markets following dumping and intense competition. The global financial crisis has also had a m... |
Vicat reports 8% growth YoY in 202315 February 2024, Published under Cement NewsVicat has reported 8.1 per cent YoY growth in consolidated sales to EUR3.94bn in 2023, compared to EUR3.64bn in the previous year. Over the same period EBITDA has improved by 29.8 per cent from EUR570m to EUR740m. The EBITDA margin has expanded by 3.1 points from 15.7 per cent to 18.8 per cent. The company attributes the advance to its “geographically balanced” portfolio benefiting from cash generation in developed markets and growth opportunities in emerging markets. France, which acc... |
Yamama Cement posts 7% YoY fall in revenue in 202314 February 2024, Published under Cement NewsSaudi Arabia's Yamama Cement Co has announced revenue of SAR935.19m (US$249.38m) for 2023, down 7.23 per cent on the SAR1008.1m seen in the previous year. Operational profit was down 17.93 per cent from SAR333.13m in 2022 to SAR263.55m in 2023. Net profit over the same period has declined 14.49 per cent from SAR355.79m to SAR304.25m. Profit per share also fell, down from SAR1.76 and SAR1.5. The downturn in revenue and profit has been attributed to a low volume and value of sales as loca... |
Saurashtra Cement sees upturn in income13 February 2024, Published under Cement NewsSaurashtra Cement has posted total income of INR4508m (US$54.34m) in the quarter ended 31 December 2023. This compares to INR3781m in the previous quarter and INR4465m in the same quarter a year earlier. Net profit in the December 2023 quarter came in at INR125m, up notably from the INR7.9m seen in the previous quarter and the INR28.5m loss recorded in the quarter ended 31 December 2022. Total expenses have declined from INR4470m in the December 2022 quarter to INR4156m in the same quar... |
The Ramco Cements announces expansion plans12 February 2024, Published under Cement NewsThe Ramco Cements Ltd has announced plans to double capacity at its Kalavatala plant in Andhra Pradesh, India. According to The Hindu, the company intends to set up a second line to increase clinker capacity at the works to 6.3Mta and cement capacity to 3Mta. The expansion is expected to cost INR12,500m (US$150.57m). An additional 15MW waste heat recovery system (WHRS) will also be added. The new line is scheduled to be commissioned in FY25-26 and will take the company’s total production... |
Burnpur Cement sees income decline YoY12 February 2024, Published under Cement NewsBurnpur Cement Ltd has reported total income from operations of INR407.4m (US$4.9m) in the quarter ended 31 December 2023. This comes to INR433.9m in the previous quarter and INR349.3m in the quarter ended 31 December 2022. The company recorded a loss from continuing operations of INR451.5m for the December 2023 quarter, up from a loss of INR191.5m in the previous quarter and INR207.6m in the quarter ended 31 December 2022. Basic earnings per share declined from a loss of INR2.41 in the q... |
Birla Corp records 15% YoY revenue growth08 February 2024, Published under Cement NewsBirla Corp has reported revenue of INR23,120m (US$278.6m) in the 3QFY23-24. This compares to INR20,161m in the same quarter a year earlier, marking a 14.7 per cent YoY advance. Consolidated net profit in the 3QFY23-24 came in at INR1091.4m, versus a net loss of INR499.1m in the 3QFY22-23, according to BusinessLine Online. The company saw cement sales of 4.2Mt in the 3QFY23-24, up 13.2 per cent YoY, along with a capacity utilisation rate of 85 per cent over the three-month period. This... |
Orient Cement sees net profit jump 64% YoY06 February 2024, Published under Cement NewsIndia's Orient Cement , part of the CK Birla Group , has reported revenue from operations of INR7513m (US$90.45m) in the quarter ended 31 December 2023 (3QFY23-24). This marks a 2.6 per cent increase on the INR7322.9m seen in the same period a year earlier. Over the same timeframe, consolidated net profit advanced to INR449.9m, up 63.5 per cent from the INR275.1m recorded in the 3QFY22-23. Total expenses, meanwhile, declined one per cent to INR6814.4m over the same period. Total income... |
Nuvoco Vistas EBITDA up 55% in 3QFY2402 February 2024, Published under Cement NewsIndia-based Nuvoco Vistas Corp Ltd has reported consolidated revenue of INR24,210m (US$291.8m) in the 3QFY23-24, ended 31 December 2023. Consolidated EBITDA over the same period came in at INR4210m, up 55 per cent YoY, while the consolidated cement sales volume for the quarter stood at 4.02Mt. The company has recently commissioned a 1.2Mta mill at its Haryana cement plant, taking the producer’s overall cement capacity to 25Mta. This latest expansion will boost the company’s productio... |
Udaipur Cement Works reports strong income02 February 2024, Published under Cement NewsUdaipur Cement Works Ltd has reported total income of INR3003.3m (US$36.17m) in the quarter ended 31 December 2023. This compares to INR2695.2m in the previous quarter and INR2385.1m in the quarter ended 31 December 2022. In the nine months ended 31 December 2023, total income came in at INR8163.2m, up from the INR7374.2m seen in the same period a year earlier. Profit after tax in the December 2023 quarter stood at INR252.6m, up significantly from the INR121.5m seen in the previous qu... |