Cement News tagged under: business result

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Bestway Cement profit falls 23% in FY19

12 August 2019, Published under Cement News

Bestway Cement Ltd (BCL) has announced its financial results for the year ended 30 June 2019 on 8 August by declaring of net profit of PKR10.09bn (US$63m), amounting to a fall of 23.3 per cent YoY, as compared to PKR13.15bn in the same period last year. The company's net sales during the reporting year increased by 2.5 per cent to PKR79bn from PKR77.11bn during the same period last year. It incurred a lower distribution cost of PKR1.33bn against PKR1.62bn in the same period last year. Admi...

LafargeHolcim

02 April 2019, Published under Cement News

LafargeHolcim's turnover in 2018 amounted to CHF27,466m (US$ 27,471m) , a YoY increase of 1.6 per cent, while in euro terms this amounted to EUR24,178m. The Asia-Pacific region generated 27.2 per cent of group turnover, while Europe represented slightly more with 27.5 per cent and North America provided 21.4 per cent. Latin America contributed 9.9 per cent and Africa/Middle East 11.2 per cent. Margins eased from 22.2 per cent in 2017 to 21.9 per cent in 2018 while underlying operating EBITDA...

Gharibwal Cement's net profit falls 14.8%

29 September 2017, Published under Cement News

Gharibwal Cement Ltd has reported that its net profit fell by 14.84 per cent to PKR2.283bn (US$21.6m) in FY17 on YoY basis.  The company said sales increased by sales 6.7 per cent to PKR11.22bn in FY17 from PKR10.522m the previous year. However, a higher cost of sales saw gross profit fall from PKR4.172m to PKR3.854m and pretax profits from PKR3.695m to PKR3.045m. The company incurred a distribution cost of PKR27m and administrative cost of PKR320m versus PKR20m and PKR307m, resp...

Paraguay: INC expects to close year with PYG25bn in cash

29 September 2017, Published under Cement News

Paraguay’s Industria Nacional del Cemento (INC) expects to close this year with around PYG25bn (US$4.4m) in cash and a positive balance, according to its President, Jorge Méndez. He added that various projects undertaken at the plant – such as conversion from a fuel oil-based to a 100 per cent petcoke firing programme at Vallemí and the planned modern palletiser at Villeta – will enable the cement producer to increase output and decrease production costs.

HeidelbergCement

11 September 2017, Published under Cement News

HeidelbergCement's quoted Italcementi subsidiary, Suez Cement, saw a consolidated 1H17 loss of EGP40.61m (EUR1.95m), compared with a profit of EGP53.76m. Suez Cement is to dissolve its Saudi Arabian subsidiary Al Madinah International Pre-Casy Concrete Company. HeidelbergCement’s British subsidiary Hanson Cement hopes to start work this year in a GBP20m (EUR18.4m) investment in a new grinding mill at its Padeswood works to replace three of the existing four mills there. The new mill will ...

Hail Cement sees 15.3% rise in net profit for 3Q16

17 October 2016, Published under Cement News

Hail Cement posted a 15.27 per cent increase in net profit for the 3Q16, according to a bourse filing. The cement company reported a net profit of SAR20.12m (US$5.4m) from SAR17.45m in 3Q15, which was attributed to unrealised investment loss recognised during the same quarter last year. In the first nine months of 2016, net profits slipped 3.3 per cent YoY to SAR80.85m from SAR83.59m. The lower profits were a result of lower total sales as demand fell, competition increased and there was a...

Ambuja Cements reports 4.4% profit fall

29 April 2016, Published under Cement News

India’s Ambuja Cements has reported a 4.4 per cent fall in net profit, which reached INR3.038bn (US$45.6m) in 1Q16. In the first quarter of 2015, net profit reached INR3.177bn. The company’s income has decreased by 0.89 per cent at INR25.809bn for quarter under review as compared to INR25.581bn for the quarter ended 31 March 2015. Net sales declined slipped by 0.3 per cent to INR24.18bn in 4QFY16 as against INR24.25bn in the corresponding quarter last year, according to a company statemen...

PT Semen Indonesia

02 March 2016, Published under Cement News

2015 saw cement sales at Semen Indonesia grow by 0.4 per cent as exports soared on the back of weak domestic demand. Total sales for the year came in at 26.45Mt, compared to 26.35Mt in 2014. While domestic sales contracted by 0.7 per cent to 25.97Mt, exports jumped by 144.3 per cent to reach 197,284t, mainly destined for Timor Leste, Bangladesh, Sri Lanka, Mauritius and the Maldives. Total cement sales for the country in 2015 stood at 61Mt, according to the Indonesian Cement Association (...

Spain: Cementos Molins 2015 profit up 65% YoY

01 March 2016, Published under Cement News

Cementos Molins posted a consolidated net profit of EUR50.8m in 2015, representing a 65 per cent rise YoY. The Spanish cement producer’s overseas companies saw profits rise by 9.3 per cent to EUR64m while the domestic arm continued to note net losses despite a 52.6 per cent YoY improvement. Cementos Molins is currently investing in production units in Mexico, Bolivia and Colombia.It is building a new production line in its Apazapan works in Mexico while in Bolivia the construction of a cem...

Paraguay: demand up 8%, prices to fall 15%

08 January 2016, Published under Cement News

In 2015 Paraguayan cement producer Industria Nacional del Cemento (INC) sold 12.4m bags of cement, an increase of eight per cent YoY, according to Jorge Méndez, CEO of INC. Mr Méndez also said that the previously-loss-making company had racked up 28 consecutive months of profits and saw its profit reach around PYG42bn during this time. Since March the company has been able to reduce the cost of cement and a further US$22m in savings are expected as a new fuel system is expected to drop cos...