Cement News tagged under: business result
Nuvoco Vistas sees 32% drop in 2Q EBITDA on sluggish demand24 October 2024, Published under Cement NewsIndia-based Nuvoco Vistas Corp posted a revenue of INR22.69bn in the 2QFY24-25 ended 30 September 2024. This represents a 11.8 per cent drop from INR25.73bn in the 2Q23-24. EBITDA reached INR22.9m, a decline of 31.8 per cent from INR33.6m in the 2QFY23-24. The company sold 4.2Mt of cement in the July-September 2024 quarter, down by 6.7 per cent from 4.5Mt in the year-ago quarter. “The macro environment remains challenging, characterised by sluggish demand and pricing pressure,” the compa... |
Kunda sees 6% drop in revenue in 202306 August 2024, Published under Cement NewsHeidelberg Materials Kunda AS 's sales revenue declined by 6.1 per cent YoY to EUR37.8m in 2023. The majority of this revenue, or EUR35.5m, was generated in Estonia with smaller revenues from the Swedish market (EUR1.3m) and Latvia (EUR1m), according to the company’s annual report. Cement volumes saw a 24 per cent drop due to a drop in construction volumes and higher prices. In addition, cement export share fell to six per cent. Cement production declined in line with the drop in sales.... |
Digvijay Cement reports financial results from 1H2430 July 2024, Published under Cement NewsDigvijay Cement has reported its revenue from ongoing operations for the period ended 30 June 2024 as INR1.76bn (US$21.1m). This represents an 8.3 per cent decrease from the corresponding period in the year previous where revenue was reported at INR1.9bn. The EBITDA of the company has also decreased in this period, from INR324m to INR237m, a 26.8 per cent decrease. “The performance during the quarter was sub-par due to severe heat, general elections led to a very subdued demand. P... |
Raysut Cement 1H loss widens15 July 2024, Published under Cement NewsOman-based Raysut Cement posted a total revenue of OMR31.6m (US$82.1m) in the first half of 2024, representing a 5.7 per cent decline when compared with OMR33.5m in the year-ago period. The group’s loss widened to OMR4.7m from OMR1.7m in the 1H23. |
Misr Beni Suef Cement announces return to profitability in 202312 March 2024, Published under Cement NewsOn 7 March 2024, Misr Beni Suef Cement Company SAE (MBSC) reported that it made a net profit of EGP369.102m (US$7.520m) after tax in 2023. This comes after they reported net losses of EGP145.945m in 2022. In 2022 the company reported sales of EGP1.844bn. Over the same period in 2023, MBSC’s sales grew to EGP2.023bn. The company’s return to profitability, following a year of net losses, could be attributed to its 9.7 per cent sales growth in 2023. MBSC is an Egypt-based cement produce... |
Sinai Cement narrows 1Q loss30 May 2023, Published under Cement NewsEgypt-based Sinai Cement Co , part of Vicat , saw consolidated net losses after tax of EGP58.47m (US$1.89m) in the first quarter of 2023, compared with losses of EGP67.19m in the 1Q22. The company’s sales reached EGP1240m in the 1Q23, representing a 160.7 per cent increase on EGP475.57m in the year-ago period. |
FLSmidth sees strong 1Q22 revenue growth05 May 2022, Published under Cement NewsFLSmidth 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 CNY1.2bn24 March 2022, Published under Cement NewsChina 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 202116 February 2022, Published under Cement NewsFLSmidth 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 NewsRussia-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... |