Cement News tagged under: business results

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Shree Cement records 37% net profit increase

16 August 2019, Published under Cement News

India’s Shree Cement has reported a six per cent YoY increase in consolidated revenue for the quarter ending 30 June, rising to INR33.54bn (US$470.4m) from INR31.63bn. Net profit surged 36.8 per cent to INR3.82bn from INR2.79bn. The cement segment saw an 8.5 per cent rise in revenue to INR31.15bn, compared with INR28.69bn in the year-ago period. While cement sales volumes contracted 13 per cent to 6.1Mt, this was offset by higher prices. Standalone revenue recorded a modest decline of 2.4...

Grasim Industries's net profits rise by 28% in 1QFY19

15 August 2019, Published under Cement News

Grasim Industries (Aditya Birla Group) recorded a consolidated net profit rise of INR17,860m (US$250.4m) for the June quarter, up by 27.86 per cent, with strong performances from its subsidiaries UltraTech Cement and Aditya Birla Capital. The company’s total income increased by 12.72 per cent to INR19,091bn during April-June 2019, up from INR16,937bn. Revenues form the cement business during the quarter stood at INR10,177bn, a rise of 14.35 per cent on the corresponding quarter of last year.

Suez Cement records EGP293m net loss in 1H19

15 August 2019, Published under Cement News

Egypt’s Suez Cement recorded a net loss of EGP293.4m (US$17.69m) for the first half of 2019, down from an EGP238.2m profit in the year-ago period. Revenues declined 16.7 per cent YoY to EGP3.3bn from EGP3.96bn. Standalone losses widened to EGP590.5m, compared to EGP165.6m in the 1H18.

Tourah Cement sees net loss widen 205%

15 August 2019, Published under Cement News

Egypt’s Tourah Cement has seen its net losses widen 204.7 per cent YoY for the first six months of 2019, surging to EGP461.25m (US$27.78m) from EGP2.24m in the 1H18. On a quarterly basis, the company’s net loss advanced to EGP50.9m in the 1Q19 from EGP13.8m in the corresponding period of 2018.

Taiwan Cement Corp records 6% decline in revenue

14 August 2019, Published under Cement News

Taiwan Cement Corp has announced a 5.9 per cent YoY fall in revenue for the second quarter of 2019, falling to TWD31.36bn (US$1bn) from TWD33.32bn. Pretax profit saw a decline of five per cent to TWD9.33bn, while net profit rose 2.3 per cent to TWD7.23bn from TWD7.06bn.

Argos sees net income grow to US$22m in 1H19

13 August 2019, Published under Cement News

Argos has announced that the company's net income grew by 33.5 per cent to US$22m in 1H19. Argos revenues also expanded by 10.6 per cent to US$1.419m, while EBITDA registered an increase of four per cent to total US$262.4m. Cement shipments were just under 8Mt, 1.2 per cent higher than in 1H18 and concrete dispatched were 5Mm 3 , down 2.5 per cent in 1H18 due to heavy rainfall in some parts of the USA. The company also sold its stake in OMYA Andina and Cartón de Colombia in 2Q19 to ra...

West China Cement reports 23% increase in profit

13 August 2019, Published under Cement News

West China Cement Ltd has announced a 22.7 per cent increase in profit to CNY793.5m (US$112.3m) for the 1H19, compared with CNY646.7m in the year-ago period. Revenue climbed 27.2 per cent YoY to CNY3.31bn from CNY2.6bn, while EBITDA advanced 5.9 per cent to CNY1.38bn. Total cement and clinker sales volumes rose 5.1 per cent to 8.61Mt from 8.19Mt, with cement sales consisting of 8.45Mt of the final amount. "Sales volumes in Shaanxi Province have remained stable. Sales volumes in Xinjiang a...

Cherat Cement’s profits shrink by 17% per cent

13 August 2019, Published under Cement News

Cherat Cement Company Ltd (CCCL) has announced its financial results for the year ended 30 June 2019 by declaring of net profit of PKR1.76bn (US$10.98m), which fell by 17.4 per cent YoY, as compared to PKR2.13bn in the same period last year. In a bourse filling, the company says that its net sales during the reporting year increased by 10 per cent to PKR15.86bn from PKR14.39bn during the same period last year. It incurred a higher distribution cost of PKR396m, against PKR337m in the same p...

China Resources Cement sees 7% fall in net profit in 1H19

12 August 2019, Published under Cement News

China Resources Cement has reported a 6.5 per cent YoY drop in net profit to HKD3.77bn (US$480.8m) for the first six months of 2019, against HKD4.03bn in the corresponding period of last year. The company has attributed the results to falling sales of cement, clinker and concrete amid a slowing Chinese economy. Revenue declined six per cent to HKD17.41bn in the 1H19. The company has noted that it will continue to seek partnerships with domestic and overseas companies, according to a state...

China Shanshui Cement records 75% increase in net profit

12 August 2019, Published under Cement News

China Shanshui Cement has seen a 75 per cent YoY rise in net profit to CNY1.19bn (US$168.5m) for the first half of 2019, which it has attributed to higher cement sales. Revenue in the 1H19 increased 39.6 per cent to CNY9.44bn, compared with CNY6.76bn in the year-ago period. However, the company expects cement demand to slow in the second half as real estate development sees a slowdown in the country.