Cement News tagged under: business result

RSS feed

FLSmidth sees strong 1Q22 revenue growth

05 May 2022, Published under Cement News

FLSmidth has reported strong revenue growth in the first quarter of 2022, driven by a high order backlog. Organic group revenue advanced by 23 per cent YoY over the three-month period. Including currency effects, revenue was up 27 per cent to DKK4706m (US$669.65m), primarily due to a 56 per cent increase in capital revenue. Group EBITA improved by 59 per cent to DKK302m, while the group EBITA margin increased from 5.1 to 6.4 per cent.    According to the company, much of the revenue growth ...

China Tianrui Group Cement posts 2021 profit of CNY1.2bn

24 March 2022, Published under Cement News

China Tianrui Group Cement Co Ltd has reported a profit attributable of CNY1.2bn (US$188.4m) in 2021 when compared with CNY1.86bn in 2020. The company’s revenues increased to CNY12.72bn in 2021, up from CNY12.17bn in 2020, according to Reuters.

FLSmidth sees 5% rise in order intake in 2021

16 February 2022, Published under Cement News

FLSmidth reported a five per cent increase in order intake in 2021 as the impact of the COVID-19 pandemic waned and project sites became more accessible. Including currency effects the intake was up by four per cent to DKK19,233m (US$2941m) with mining and cement contributing equally to the growth. Service order intake advanced by 14 per cent while capital orders declined by seven per cent. FLSmidth Group CEO, Mikko Keto, commented: “FLSmidth delivered a solid performance in 2021. Despite ...

Iskitimcement ups output by 20%

24 January 2022, Published under Cement News

Russia-based JSC Iskitimcement (owned by JSC HC Sibcem) produced 1.18Mt of cement in 2021, representing a 20 per cent YoY rise. The company also advanced sales by 21 per cent to 1.19Mt in the year. Bulk cement sales, which represent 80 per cent of total sales, reached 954,000t. In addition, 86,000t of cement were shipped in 1t bulk bags and 145,000t were dispatched in 25kg and 50kg paper bags. A total of 92,000t, or 63 per cent of all products sold in paper bags, were supplied on pallets i...

Caribbean Cement triples 1H profit

02 August 2021, Published under Cement News

Caribbean Cement’s profit for the first half of 2021 has tripled to JMD3bn (US$19.3m) from JMD1bn in the 1H20, on the back of stronger domestic demand. The company’s revenues increased 32 per cent YoY to JMD12.3bn. The increase in revenues and the improved efficiency in terms of operating cost control have been key in achieving the 1H21 results.

Breedon Group Plc records 1H21 revenues of GBP600m

22 July 2021, Published under Cement News

Breedon Group Plc has announced unaudited interim results for the six months ended 30 June 2021 with revenues reaching GBP600.9m compared with GBP335.3m in the 1H2020. Profits before tax amounted to GBP56.4m and underlying EBIT totalled GBP46.2m. Net debt at the end of the period stood at GBP291.5m. Rob Wood, CEO of Breedon, said: "Breedon delivered a strong trading result in the 1H21, building on the recovery in demand which started in the second half of last year. "The outlook fo...

Indocement sales fall 9% in 9M20

28 October 2020, Published under Cement News

HeidelbergCement-owned Indocement posted sales of 11.7Mt in the January-September 2020 period, down 8.6 per cent when compared with the 9M19. The drop in sales is attributed to the impact of the COVID-19 pandemic. Indocement expects full-year sales to decrease by 5-7 per cent YoY.

Hail Cement reports profit rise in 2019

04 February 2020, Published under Cement News

Saudi cement producer Hail Cement has posted a net profit after zakat and tax of SAR59.7m (US$15.9m) in 2019 following a loss of SAR25m in 2018. The company increased its sales from SAR196m in 2018 to SAR274.4m in 2019.

CIMERWA reports 20% sales increase

06 December 2019, Published under Cement News

Rwanda-based CIMERWA posted a 20 per cent YoY increase in its sales volumes and a 28 per cent growth in revenues to RWF514m (US$560,342) in the 9M2019, attributed to the maintenance and upgrade of its 0.6Mta cement plant in Rusizi, Western Province, in 2018. CIMERWA currently produces 480,000t of cement, a significant advance when compared with an output of 364,864t of cement in 2018, less than 60 per cent of the country’s cement demand. Cement shortages saw domestic cement prices surge b...

Gharibwal Cement 51% profit fall in FY18-19

07 October 2019, Published under Cement News

Gharibwal Cement Ltd (GWLC) has released its financial results for the year ended 30 June 2019. The company earned a net profit of PKR736m (US$6.7m) as compared to PKR1.509bn earned in the same period last year, which decreased by 51.2 per cent. The fall in profit has been attributed to a decline in sales and an increase in finance expense. According to company results, sales decreased by three per cent to PKR11.35bn YoY, as compared to PKR11.70bn in the same period last year. Administrat...