Cement News tagged under: business results

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Lafarge Africa narrows loss to NGN8.8bn in 2018

21 June 2019, Published under Cement News

Lafarge Africa reported a NGN8.8bn (US$24.4m) loss in 2018, compared with NGN34.39bn in the previous year. The company’s audited results have been released, showing revenue of NGN308bn, up from NGN299bn in 2017. Finance costs increased to NGN45.973bn from NGN43.217bn, while loss before tax reached at NGN19.508bn. A tax credit of NGN10.707bn reduced the loss after tax to NGN8.802bn. Lafarge will sell its entire stock of issued share capital in Lafarge South Afria Holding Ltd to Caricement ...

VICEM reports 5% rise in 1H sales

20 June 2019, Published under Cement News

State-owned Vietnam Cement Industry Corp (VICEM), the country’s leading cement producer, is estimated to have sold 14.98Mt of cement and clinker in the first half of 2019, representing a five per cent YoY increase. The total includes 13.1Mt of cement, up 11.4 per cent YoY, and 1.87Mt of clinker, a 25 per cent YoY drop. In the 1H19 VICEM’s pretax profit is estimated to have surged 62.3 per cent YoY to VND1.66trn (US$71.2m) on a revenue of VND17.64trn, up 4.3 per cent YoY, according to Vie...

Bulgaria’s Zlatna Panega swings to BGN2.7m net profit

20 June 2019, Published under Cement News

Titan-owned Zlatna Panega Cement reported a non-consolidated net profit of BGN2.7m (US$1.6m) in 2018, a significantly-improved result when compared with the non-consolidated net loss of BGN-6.8m the previous year. The Bulgaria-based cement producer saw its sales revenue increase 8.6 per cent to BGN90.5m from BGN83.3m in 2017 on the back of a 17.1 per cent YoY rise in cement sales from BGN63.3m to BGN74.1m. Cost of goods decreased by 3.6 per cent to BGN77.4m in 2018 from BGN80.3m in 2017 ...

Tanzania Portland Cement reports increased profits for 2018

12 June 2019, Published under Cement News

Tanzania Portland Cement (TPC PLC), also known as Twiga Cement, recorded a 28 per cent YoY increase in operating profit for 2018, rising to TZS80.06bn (US$34.8m) from TZS62.67bn. The growth in profit has been attributed to a 28 per cent increase in revenue and higher clinker production, despite that selling and administrative expenses were also up nine per cent YoY. "2018 was also critical to consolidate the processes and the organisation at country level, but also a good opportunity for T...

Chia Hsin Cement Corp posts 21% fall in revenues in May

11 June 2019, Published under Cement News

Chia Hsin Cement Corp reported a 21.2 per cent decrease in revenues to TWD146.5m (US$4.67m) in May when compared with May 2018, when revenues reached TWD185.9m was posted. For the first five months of 2019, revenues declined by 8.2 per cent to TWD760m from TWD828m in the 5M18.

Vassiliko Cement reports rise in domestic sales for 2018

11 June 2019, Published under Cement News

Cyprus-based Vassiliko Cement has reported a 17 per cent rise in cement sales to the domestic market in 2018. However, total income fell 4.4 per cent YoY to EUR97.9m from EUR102.4m. The company has attributed the result to a decline in cement exports, alongside a rise in the cost of energy and CO 2 emission allowances. Cyprus’ construction industry contracted between 2008-15. However, the last four years have seen a steady upward trend. In 2018 the company noted that cement sales reached ...

Taiwanese producers report positive May results

10 June 2019, Published under Cement News

Taiwan’s Hsing Ta Cement has reported a 30 per cent YoY increase in revenue for May 2019, rising to TWD800.42m (US$25.4m) from TWD625.56m. In the first five months of the year, the company saw revenue advance 30.6 per cent to TWD2.91bn from TWD2.23bn. Meanwhile, Lucky Cement announced that its revenue was up 3.6 per cent to TWD305.28m in May, compared with TWD294.58m in the year-ago period. In Jan-May 2019, revenue increased 3.9 per cent to TWD1.46bn from TWD1.41bn.

Votorantim Cimentos records 6% net revenue rise

06 June 2019, Published under Cement News

Brazil's Votorantim Cimentos has reported a 5.5 per cent YoY rise in net revenue to BRL2524m (US$654.5m) for the first quarter of 2019. The increase was attributed to the results of its Brazilian and other Latin American operations, combined with the positive effect of the real’s depreciation against the US dollar. The company’s adjusted EBITDA surged 179.9 per cent to BRL586m from BRL214m, while its EBITDA margin advanced to 23 per cent from nine per cent. The most significant growth in E...

Holcim Philippines reports 35% EBITDA surge in 1Q19

05 June 2019, Published under Cement News

Holcim Philippines has reported a 5.8 per cent YoY decrease in revenue to PHP8.1bn (U$156.28m) for the first quarter of 2019. However, EBITDA has surged 35 per cent to PHP1.7bn while its EBITDA margin climbed from 14.6 per cent to 20.8 per cent in the 1Q19. A minor increase in net profit to PHP704m from PHP700m has been attributed to higher interest expenses for funding capital projects. "I am very pleased to share that we have successfully followed up our strong finish in 2018 with an exce...

Cementir

04 June 2019, Published under Cement News

Cementir's first-quarter turnover recovered by 9.1 per cent to EUR264.4m and EBITDA rose by 39.8 per cent to EUR33.7m, while at the trading level the advance was reduced to 23.6 per cent to EUR7.8m. At the pretax level, there was a swing from a EUR7.2m profit to a loss of a EUR0.3m. Net debt at the end of March was EUR416.4m compared with EUR387.1m a year earlier to give a gearing level of 16.9 per cent. The number of employees increased by 2.6 per cent to 3063. Shipments of grey and whit...