Cement News tagged under: business results

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Cementos Molins records net profits of EUR93m in 2020

01 March 2021, Published under Cement News

Cementos Molins announced the group's net profit rose by four per cent YoY to  EUR93m in 2020. In comparable terms of exchange rates and adjustment for hyperinflation of Argentina, the net profit  increased by 27 per cent in 2020. Cementos Molins revenues have reached EUR775m at the end of 2020, which represents a decrease of three per cent compared to the same period of the previous year. The strong contraction of the markets in the second quarter as a result of the impact of the COVI...

YTL Corp Bhd's net profit rises to MYR16m

01 March 2021, Published under Cement News

YTL Corp Bhd’s net profit jumped to MYR16.09m (US$3.9m) in the 2QFY21, ended 31 Dec 2020, from MYR1.29m in the preceding quarter, thanks to a strong showing by its multi-utilities business segment in Singapore. Revenue increased 10 per cent to MYR4.59bn, from MYR4.18bn in 1QFY21. Group Executive Chairman Tan, Sri Francis Yeoh Sock Ping, said YTL Corp's earnings before interest, tax, depreciation and amortisation (EBITDA) stood at MYR2bn for the six months, as the group remained resilie...

Arabian Cement reports net loss in 2020

01 March 2021, Published under Cement News

Egypt’s Arabian Cement Co has reported an EGP122.78m (US$7.8m) net loss during 2020, compared with an EGP28.92m profit in the previous year. Sales revenues declined 20 per cent YoY to EGP2.48bn from EGP3.1bn. On a standalone basis, the company saw losses reach EGP116.21m against an EGP30.09m profit in 2019.

LafargeHolcim 4Q20 regional results see net sales of CHF5994m

26 February 2021, Published under Cement News

Group net sales for the 4Q20 totalled CHF5994m (US$6628m), down 8.1 per cent from CHF6521m in the 4Q19. In the 4Q20 LafargeHolcim recorded cement sales of 51.2Mt, slipping 0.5 per cent from 51.5Mt in the 4Q19. Aggregate sales decreased to 65.8Mt in the 4Q20, down 2.5 per cent from 67.5Mt in the 4Q19. Ready-mix sales reached 11.3Mm 3 in the 4Q20, a decline of 2.4 per cent from 11.6Mm 3 in the 4Q19.   The company also reported on its results for the full-year 2020 , which saw a 5.6...

LafargeHolcim FY20 net sales dip to CHF23,142m

26 February 2021, Published under Cement News

LafargeHolcim announced FY20 net sales of CHF23,142m (US$25,588m), down 5.6 per cent on a like-for-like basis (LfL) compared to the prior year and down 13.4 per cent on a reported basis. The LfL decline mainly results from the pandemic-related disruption, mostly in the 1H20, before returning to prior-year levels in the 2H20.   Recurring EBIT reached CHF3676m, down 10.4 per cent in total and a decline of 1.9 per cent LfL for the full year, with a largely ‘V-shaped’ recovery across all ...

EAPCC sees revenue down 6%

26 February 2021, Published under Cement News

Kenya’s East African Portland Cement (EAPCC) has posted a KES1.035bn (US$9.425m) net loss for the half-year ended on 31 December 2020. The loss was still a 34 per cent improvement from the KES1.575bn loss recorded in the year-ago period. The company’s revenue fell by 6.3 per cent YoY to KES1.39bn from KSh1.48bn in the 1HFY19-20, on the back of a slowdown in the real estate and construction industry. EAPCC is also expected to end its corporate loan facility to cut high finance costs thr...

Cementos Argos' 4Q20 regional results

26 February 2021, Published under Cement News

Following yesterday’s financial results , Colombia’s Cementos Argos has also reported its regional breakdown for the final quarter and full year of 2020. USA region The company’s USA region saw a three per cent decline in cement volumes to 1.489Mt in the final quarter of 2020, compared with 1.535Mt in the 4Q19. The construction sector maintained a positive trend, supported by the strong performance of the residential segment and by a slight improvement in the infrastructure sector, accor...

Cementos Argos reports 16% rise in EBITDA

25 February 2021, Published under Cement News

Colombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of 2020, dispatching 3.96Mt. The rise was attributed in part to greater export activity from Cartagena ...

Najran Cement announces net profits of SAR204m in 2020

25 February 2021, Published under Cement News

Najran Cement announced its annual financial results on the Saudi Stock Exchange with a 281.8 per cent increase in its net profit to SAR204.3m (US$54m) in 2020, compared to SAR53.52m in 2019.   The company attributed the increase to increased sales quantity, lower cost of sales per tonne and lower financing expenses.   Najran Cement's sales increased to SAR623.2m in 2020, compared to SAR416.4m in 2019, an increase of about 49.7 per cent. Najran net profit amounted to SAR83.8m in ...

Summit Materials announces 13% increase in revenue

24 February 2021, Published under Cement News

USA-based Summit Materials has reported a 13 per cent YoY increase in net revenue for the final quarter of 2020 to US$571.9m, compared to US$506.3m in the 4Q19. Net income remained fairly consistent YoY at US$35.2m from US$35.7m. Adjusted EBITDA increased 7.8 per cent YoY in the 4Q20 to US$130.6m against US$121.1m in the year-ago period. Sales volumes increased 24.7 per cent YoY in aggregates, 4.5 per cent in cement and 6.4 per cent in ready-mix concrete for the 4Q20. Inclusive of acquisit...