Cement News tagged under: business results

RSS feed

Sagar Cements records 27% fall in production

09 December 2019, Published under Cement News

India’s Sagar Cements has seen the company's standalone cement production/purchase decline 27.4 per cent to 172,160t in November 2019, compared to 236,967t in the year-ago period. Consolidated cement production was down 23.1 per cent YoY to 244,291t from 317,796t. Standalone cement sales for the month also fell 29.4 per cent to 167,720t from 237,409t sold in November 2018. Consolidated cement sales dipped to 241,195t, a decline of 23.5 per cent compared to 315,106t in the previous year’s ...

Ciments du Maroc reports 4% rise in 9M turnover

29 November 2019, Published under Cement News

Ciments du Maroc, the Moroccan subsidiary of HeidelbergCement, has posted a 9M19 turnover of MAD2.67bn, up 3.8 per cent YoY. For the third quarter of 2019, the company reported revenues of MAD831m, representing a three per cent fall when compared with the 3Q18. The fall is due lower cement sales volumes as construction sites wound down activity in August. However, turnover is expected to increase by two per cent for the full year of 2019.

CMSB 3Q profit drops 7%

27 November 2019, Published under Cement News

Cahya Mata Sarawak Bhd (CMSB)’s net profit declined seven per cent to MYR72.83m (US$17.451m) in the 3Q19, ended 30 September 2019 from MYR78.02m in the 3Q18. The company’s revenue remained stable at MYR467.18m (3Q18: MYR465.17m). The fall was attributed to rising sales costs and a decrease in other income. Cost of sales advanced three per cent to MYR371.29m in the 3Q19 from MYR362.13m in the year-ago period. Other income decreased 63 per cent to MYR3.67m from MYR10.02m over the same period...

CRH forecasts record 2019 earnings

26 November 2019, Published under Cement News

Ireland-based building materials major CRH predicts that its full-year earnings will expand by 23 per cent to reach a record EUR4.15bn. The trading outlook follows the company's announcement of its January-September 2019 results. Group sales rose nine per cent YoY to EUR21.8bn in the 9M19. There was a six per cent YoY increase in sales by its Europe Materials division, while Americas Materials sales advanced by four per cent YoY. Building products sales were up three per cent when compared...

Carthage Cement reports TND76m net loss

25 November 2019, Published under Cement News

Tunisian cement producer Carthage Cement Co announced a loss of TND76m (US$26.7m) for the year ended 31 December 2018, compared to a loss of TND69m in the previous year. The company managed to reduce its operating deficit by nearly TND4m, the net financial charges rose from TND49.4m in 2017 to TND65m at the end of December 2018. Operating expenses increased 32 per cent YoY to 262.9m as consumable purchases rose. Personnel changes remained almost unchanged at TND28.5m.

PPC's group revenue impacted by Zimbabwe

21 November 2019, Published under Cement News

PPC announced a group revenue of ZAR4.9bn (US$330.1m) and group EBITDA of ZAR868m for the six months ended 30 September 2019. Group revenue was down 12 per cent on results from the six-month period at ZAR5.6bn, which was attributed to a 17 per cent volume decline in group cement volumes. Group EBITDA was also affected by Zimbabwe's currency devaluation and hyperinflation as well as the trading environment in South Africa, plus a one-off restructuring costs of ZAR83m. When excluding PPC Zimb...

Breedon Group revenues up to GBP800m in 10M19

20 November 2019, Published under Cement News

Breedon Group Plc has released results for the first 10 months to 31 October 2019 with revenues up by eight per cent to approximately GBP800m. The results included a 10-month contribution from the former Lagan Group that was acquired by Breedon in April 2018. Breedon said it had performed well, seeing improved EBIT and continuing robust cash generation during the 10-month period. "These results were achieved against the backdrop of a flat construction market in Great Britain, where lower...

Semen Indonesia sees 41% rise in October sales

19 November 2019, Published under Cement News

Semen Indonesia Group, including SBI, reported a 40.8 per cent rise in sales volumes to 4,771,181t in October 2019 when compared with a volume of 3,388,174t in October 2018. Semen Indonesia, excluding SBI and TLCC, reported a 5.8 per cent uptick in sales to 3,342,839t from 3,159,448t. The company sold 2,877,048t in the domestic market, up 1.4 per cent YoY, and 465,791t to export markets, representing a 44.6 per cent increase on October 2018. Thang Long Cement Co (TLCC)  sales increased b...

Taiwan Cement reports net profits of US$580.9m in 9M19

19 November 2019, Published under Cement News

Taiwan Cement's net profit last quarter rose 10.17 per cent annually to NT$6.54bn (US$214.4m). Net profit in 9M19 increased by 11.14 per cent to NT$17.72bn (US$580.9m), a company record. Taiwan Cement put the strong results down to stable cement prices and a stronger contribution from the company’s coal-fired Ho-Ping power plant in Hualien on the back of falling coal prices. However, revenue declined 3.51 per cent to NT$87.56bn during the January-to-September period. TCC President, John Li...

Thatta’s WHR project to start in 2QFY19-20

18 November 2019, Published under Cement News

Pakistan-based Thatta Cement Co Ltd is currently implementing its waste heat recovery project that will generate 5MW of electricity for the company at its Sindh plant. Commercial operation is expected to start in the second quarter of the current financial year, says the company in its latest quarterly report. In the quarter ended 30 September 2019, overall sales of Thatta Cement fell by 43.3 per cent YoY due to a decrease in sales in the south. The cost of sales to sales ratio has incre...