Cement News tagged under: Results

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CNBM issues 9M23 profit warning

18 October 2023, Published under Cement News

China National Building Material (CNBM) has issued a profit warning for the opening nine months of 2023. According to Reuters, the company expects to report a 70 per cent YoY contraction in profits over the nine-month period. The decline has been blamed on falling cement prices.

Breedon Ireland reports 48% profit growth in 2022

16 October 2023, Published under Cement News

Breedon Ireland , the Irish cement-making business of the UK-based Breedon Group , reported profit of EUR21.5m in 2022, up 48 per cent from EUR14.5m in the previous year. Revenue over the same period advanced 21 per cent to EUR72.8m, according to Irish Independent. The results come despite higher energy prices and fears over what impact the government’s planned concrete levy would have on the residential construction market. In 2022 the Irish government announced a five per cent concret...

UltraTech reports 16% YoY sales volume growth in 1QFY24

02 October 2023, Published under Cement News

UltraTech has announced Indian grey cement sales of 25.24Mt for the quarter ended 30 September 2023 (2QFY24). White cement sales over the same period came in at 0.42Mt giving a total sales volume for India of 25.66Mt for the quarter. Grey cement sales overseas stood at 1.18Mt for the three-month period, taking total consolidated sales for UltraTech to 26.69 in the 2QFY24. This marks a 16 per cent increase on the 23.10Mt reported in the same quarter a year earlier, but is down 11 per cen...

Keerthi Industries reports 4% drop in revenue

27 September 2023, Published under Cement News

Keerthi Industries Ltd (formerly Suvarna Cements Ltd) has reported revenue of INR2405.6m (US$28.9m) in the FY22-23, ended 31 March 2023, down four per cent compared to INR2499.5m in the same period a year earlier. Profit before interest and depreciation declined from INR348.5m in FY21-22 to INR17.4m a year later, while the INR222.5m pretax profit seen in FY2021-22 fell to a loss of -INR110.7m in FY22-23. The company produced 478,515t of cement over FY22-23 along with 474,584t of clinker....

Zimbabwe boosts PPC sales growth

26 September 2023, Published under Cement News

PPC has recorded a three per cent advance in sales volumes in the five months to August 2023, compared to the same period in 2022, reports The Herald Zimbabwe. According to the company, the increase is being attributed to strong growth in its Zimbabwe market, which saw cement sales volumes expand by 42 per cent over the same timeframe. In January this year, the Zimbabwean government banned imports of cement, which has helped prop up domestic cement sales. “Group cement sales volumes (in...

Hoffmann Green reports 252% increase in sales volumes

18 September 2023, Published under Cement News

Hoffmann Green Cement Technologies has reported revenue of EUR1.676m in the first half of 2023 (ended 30 June 2023), compared to EUR544,000 in the same period a year earlier. EBITDA over the same timeframe advanced from -EUR3.519m to -EUR3.648m, while the company saw a net loss of -EUR3.606m in the 1H23, versus a net loss of -EUR4.558m in the 1H22. Cement sales volumes over the 1H23 came in at 7338t, up 251.6 per cent YoY, in line with the company’s 2023 target of 24,000t. Historically, ...

Caribbean Cement sees revenue advance in 1H23

13 September 2023, Published under Cement News

Caribbean Cement Co Ltd has reported consolidated unaudited revenue of JMD14,277m (US$92.48m) in the first half of 2023. This compares to JMD13,516m in the same period a year earlier. Gross profit in the 1H23 came in at JMD4986m, down from the JMD6102m seen in the opening six months of 2022. The total cost of sales and operating earnings has advanced from JMD8763m in the 1H22 to JMD10,677m in the same period a year later. Over the same timeframe, operating earnings before other income a...

Kohat Cement reports 18% increase in sales in FY23

01 September 2023, Published under Cement News

Kohat Cement Company (KOHC) has reported sales of PKR38.92bn (US$126.9m) in the fiscal year ending 30 June 2023 (FY23), marking an 18.4 per cent increase on the previous year. Gross profit over the same period advanced by 6.3 per cent from PKR9.8bn to PKR10.4bn, while profit after tax saw a 15.9 per cent improvement from PKR5.02bn in FY22 to PKR5.82bn in FY23. Earnings per share over the same timeframe expanded by 15.9 per cent from PKR25.01 to PKR28.98.   KOHC has also successfully ins...

Deccan Cements posts fall in income in FY22-23

31 August 2023, Published under Cement News

Deccan Cements Ltd has reported total income of INR7908.3m (US$95.6m) in the year ended 31 March 2023 (FY22-23), down from INR8022.2m in FY21-22. Net profit after tax contracted from INR875.7m in FY21-22 to INR492.9m the following year, while earnings per share fell from INR62.52 to INR35.19 over the same period. Total expenses before finance costs, exceptional items and tax came in at INR7117.5m in FY22-23, marking an increase from the INR6561.1m seen in FY21-22. Revenue from sales of ...

Anjani Cement reports loss in 2022-23

30 August 2023, Published under Cement News

India-based Anjani Cement has reported consolidated turnover of INR6615m (US$79.9m) in 2022-23, compared to INR8012.6m in 2021-22. Gross profit over the same period has declined from INR1471.5m to INR240, while profit before tax has fallen from a profit of INR587m in 2021-22 to a loss of -INR641m in 2022-23. Consolidated cement production in 2022-23 came in at 1.400Mt with a capacity utilisation rate of 59 per cent, compared to 1.717Mt and 78 per cent, respectively, in the same period a ...