Cement News tagged under: Results

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JK Cement reports uptick in revenue

07 November 2023, Published under Cement News

JK Cement Ltd has posted total revenue of INR25,984m (US$312.3m) in the three months ended 30 September 2023. This compares to INR21,584m in the same period a year earlier. Profit after tax for the September 2023 quarter came in at INR1789m, up from INR1257m in the same quarter in 2022. Basic and diluted earnings per share over the same period advanced from INR16.15 to INR23.16. Meanwhile, total expenses expanded from INR19,912m to INR23,527m, driven by increases in the cost of materia...

Dangote posts 53% YoY rise in revenue in 3Q23

30 October 2023, Published under Cement News

Dangote Cement Plc has reported revenue of NGN563.77bn (US$703.77m) in the third quarter of 2023, up 52.7 per cent compared to the same period in the previous year. Gross profit over the same period advanced by 46.3 per cent to NGN304.11bn, while pretax profit surged 132.4 per cent to NGN165.03bn. Profit after tax leapt to NGN98.95bn, marking a 141.3 per cent YoY advance. Meanwhile, earnings per share were up by 138.3 per cent YoY to NGN5.38 in the 3Q23.  Even with a 33 per cent YoY ris...

Saint-Gobain reports stable sales, supported by acquisitions

30 October 2023, Published under Cement News

Saint Gobain has reported stable like-for-like sales over the first nine months of 2023, compared to the same period a year earlier, despite a 3.1 per cent YoY contraction in the 3Q23. On a reported basis, sales were down 4.9 per cent to EUR36.5bn (US$38.6bn) in the 9M23 and fell by 10.5 per cent to EUR11.6bn in the 3Q23. Prices over the nine-month period advanced by five per cent YoY and by 1.9 per cent in the 3Q23, reflecting overall sequential price stability and generating a positive pri...

CEMEX reports 32% jump in EBITDA in 3Q23

27 October 2023, Published under Cement News

CEMEX has reported nine per cent YoY growth in sales for the third quarter of 2023. EBITDA over the same period advanced by 32 per cent, while the EBITDA margin expanded by 3.5 percentage points to 19.9 per cent. For the first time since the launch of CEMEX’s pricing strategy in 2021, designed to regain profitability after a surge in input cost inflation, quarterly EBITDA margin exceeded its goal of recovering 2021 margins, according to the company. Free cash flow after maintenance cap...

Udaipur Cement reports revenue growth in September quarter

27 October 2023, Published under Cement News

India’s Udaipur Cement Works Ltd (UWCL) has reported total revenue of INR2695.2m (US$32.38m) in the quarter ended 30 September 2023, marking an increase from the INR2464.7m seen in the previous quarter and INR2205m recorded in the same quarter a year earlier. Net profit after tax for the September 2023 quarter came in at INR121.5m, compared to INR42.1m in the previous quarter and INR21.8m in the September 2022 quarter. Earnings per share increased from INR0.07 in the quarter ended 30 Se...

ACC Ltd reports YoY rise in revenue

27 October 2023, Published under Cement News

India’s ACC Ltd has reported total income of INR46,425.3m (US$557.7m) in the quarter ended 30 September 2023, down from INR52,793.5m in the previous quarter but up from INR40,561.6m in the same period a year earlier. Profit after tax came in at INR3842.9m in the September 2023 quarter, compared to a INR4639.3m profit in the previous quarter but a loss of INR910.9m in the September 2022 quarter. Total expenses in the quarter ended 30 September 2023 came in at INR41,269.5m, down from INR4...

Strong 3Q results from Vulcan boost full-year forecasts

27 October 2023, Published under Cement News

Vulcan Materials Co has reported revenues of US$2186m in the third quarter of 2023, up from US$2088m in the same period a year earlier. Gross profit over the same timeframe has advanced from US$493m to US$591m, while adjusted EBITDA has improved from US$507m to US$602m.  In the 3Q23 the aggregates segment saw its gross profit increase by 17 per cent YoY to US$508m (equivalent to US$7.95/t), while the gross profit margin expanded 200 basis points. Cash gross profit per tonne improved 18...

GCC reports 18% rise in sales in 3Q23

26 October 2023, Published under Cement News

Mexico-based cement producer GCC has reported consolidated net sales of US$416.1m in the 3Q23, up 17.9 per cent YoY. This was primarily due to increased cement and concrete volumes in Mexico, increased concrete volumes in the US and a favourable price environment in both markets. However, these were partially offset by decreased cement volumes in the US. EBITDA in the 3Q23 improved by 35 per cent YoY to US$158.5m with an EBITDA margin of 38.1 per cent. Earnings per share over the three-...

Unacem reports 12% fall in sales in 9M23

25 October 2023, Published under Cement News

Peru-based cement producer Unacem has reported an 11.6 per cent drop in cement production to 4.38Mt in the opening nine months of 2023. Clinker production over the same period declined 7.5 per cent to 4.3Mt. Cement sales over the 9M23 also contracted, down 11.7 per cent to 4.38Mt YoY, with a 13.8 per cent YoY contraction seen in the 3Q23. However, this did mark a 6.2 per cent increase compared to the previous quarter. Unacem’s revenue over the 9M23 came in at PEN2.04bn (US$526m), down s...

Heidelberg Materials raises full-year outlook

23 October 2023, Published under Cement News

In the course of preparing its quarterly statement for the first nine months of 2023, Heidelberg Materials has announced preliminary 3Q23 results above current capital market expectations. Capital market expectations are based on the average values of the latest estimates of financial analysts, compiled by Vara Research on 18 October 2023. Preliminary financial figures from the cement producer’s quarterly statement for January to September 2023 show: Preliminary revenue amounts to EU...