Cement News tagged under: Results
Mangalam Cement reports fall in revenue09 August 2023, Published under Cement NewsMangalam Cement Ltd , part of BK Birla Group, has reported revenue from operations of INR4205.3m (US$50.8m) in the quarter ended 30 June 2023. This compares to INR4593.3m in the previous quarter and INR5138m in the same quarter a year earlier. Net profit in the June 2023 quarter came in at INR83.6m, up from the INR42.8m recorded in the previous quarter, but down from the INR158.8m seen in the quarter ended 30 June 2022. Basic and diluted earnings per share fell from INR10.22 in the June ... |
Mining sector dominates FLSmidth 1Q23 results08 August 2023, Published under Cement NewsFLSmidth has reported group revenue of DKK6016m (US$886.6m) in the first quarter of 2023, up 27.8 per cent from the DKK4706m recorded in the 1Q22. Group EBITA over the same period declined 22.2 per cent to DKK235m, compared to DKK302m in the 1Q22. Group profit in the 1Q23 stood at DKK84m, down from DKK123m in the 1Q22. Group order intake for the three-month period was DKK5632m, a contraction from the DKK7018m seen in the 1Q22. Its cement business saw revenue of DKK1582m in the opening quar... |
Nigerian cement sector expands 16% YoY in 1H2307 August 2023, Published under Cement NewsThree of Nigeria’s leading cement producers have reported combined revenue of NGN1.37trn (US$1788m) in the opening six months of 2023, despite the challenging business environment. According to The Sun, Dangote Cement , BUA Cement and Lafarge Africa Plc ’s combined revenue marks a 16.1 per cent increase in the country’s cement industry sector compared to the same period last year. Combined profit after tax for the three companies also improved, up 2.5 per cent YoY to NGN277.7bn, of which... |
India Cements reports loss in June 2023 quarter07 August 2023, Published under Cement NewsThe India Cements Ltd has reported revenue from operations of INR13,930.4m (US$168.3m) in the quarter ended 30 June 2023, down from INR14,462.3m in the same quarter a year earlier. The company saw a loss of INR752.7m in the June 2023 quarter, versus a profit of INR760.9m in the same quarter a year earlier. Total expenses in the June 2023 quarter came in at INR14,988.2m, compared to INR15,262.8m in the same quarter in the previous year. The biggest decline in expenses was seen in power a... |
Prism Johnson turns a profit in June quarter04 August 2023, Published under Cement NewsIndia-based Prism Johnson saw its net sales advance seven per cent YoY to INR19.04bn (US$230.4m) in the quarter ended 30 June 2023. Over the same period, consolidated profit after tax came in at INR207.6m, compared to a loss of INR160.1m in the same period a year earlier. Revenue from the company’s cement business, which accounts for over half its total revenue, expanded by 18 per cent YoY over the June 2023 quarter, according to Reuters. The increase in revenue has been fuelled by stro... |
Orient Cement reports profit dip in June quarter03 August 2023, Published under Cement NewsOrient Cement Ltd , part of the CK Birla Group , has reported revenue from operations of INR8251.8m (US$99.8m) in the quarter ended 30 June 2023, up from INR7139.3m in the same period a year earlier. Net profit for the three-month period came in at INR370.3m, down slightly on the INR374.1m seen in the June quarter of 2022. Total expenses over the same timeframe advanced from INR6560.5m to INR7723.9m, driven primarily by cost of materials consumed, and power and fuel. Earnings per share ... |
Ambuja Cements to acquire Sanghi Industries02 August 2023, Published under Cement NewsAmbuja Cements , part of the Adani Group , has agreed to acquire a majority stake in Sanghi Industries , reports Reuters News. According to sources close to the transaction, the deal is expected to be officially announced today. Sanghi Industries is one of the leading cement producers in the Indian state of Gujarat and currently runs 6.1Mta of cement production capacity. The exact share of the stake and the value of the deal is not yet known. In the quarter ended 30 June 2023, Ambu... |
Dangote reports 82% advance in pan-African revenue31 July 2023, Published under Cement NewsDangote Cement has reported total sales volumes of 13.4Mt in the first half of 2023. Its pan-African sales, which includes all cement plant operations outside Nigeria, came in at 5.4Mt, up 11.6 per cent YoY, mainly due to robust demand in Ethiopia, Senegal, Zambia and Congo. Group revenue in the 1H23 stood at NGN950.8bn (US$1.23bn), up 17.7 per cent YoY, while pan-African revenue advanced 81.8 per cent to NGN336.4bn. Recurring profit after tax was up 37.4 per cent to NGN292.2bn, while ... |
Dalmia Bharat sees revenue advance YoY in June quarter21 July 2023, Published under Cement NewsDalmia Bharat has reported its unaudited consolidated results for the quarter ended 30 June 2023, with revenue from operations coming in at INR36,240m (US$442m) over the three-month period. This compares to INR39,120m in the previous quarter, and INR33,020m in the same period a year earlier. Profit for the June 2023 quarter stood at INR1440m, down from INR6080m in the previous quarter and INR2050m in the same period in 2022. Total expenses in the quarter ended 30 June 2023 were reported... |
HeidelbergCement India reports marginal uptick in revenue19 July 2023, Published under Cement NewsHeidelbergCement India has reported revenue of INR5956.4m (US$72.5m) in the first quarter of FY2023-24 ended 30 June 2023. This is up marginally on the INR5898m seen in the same period a year earlier. Net profit over the same timeframe advanced 1.37 per cent to INR523.2m as fuel and packaging costs eased. The company’s total expenses over the quarter were INR5389m, up 1.51 per cent YoY, while sales volumes improved 8.2 per cent. HeidelbergCement India currently runs operations in ... |