Cement News tagged under: business results
Heidelberg Materials Bangladesh reports loss in 3Q2422 October 2024, Published under Cement NewsHeidelberg Materials Bangladesh posted sales of BDT2934.9m (US$24.5m) in the July-September 2024 quarter, down 19.6 per cent YoY from BDT3651.3m in the 3Q23. Operating profit fell by 71.5 per cent YoY to BDT17.3m from BDT60.7m over the same period. The company also reported a net loss of BDT7.96m in the 3Q24. The loss per share was BDT0.14, according to a disclosure on the Dhaka Stock Exchange website. The company attributed the negative result to a drop in sales volumes and net sales ... |
Yamama Cement posts 140% advance in 3Q net profit22 October 2024, Published under Cement NewsSaudi Arabia-based Yamama Cement reported sales of SAR285.2m (US$76.1m) in the 3Q24, up 34.7 per cent from SAR211.7m in the 3Q23. The company’s net profit surged by approximately 140 per cent to SAR97.9m in the 3Q24 from SAR40.8m in the 3Q23, reported Reuters. |
Attock Cement Pakistan sees 96% 1Q post-tax profit drop21 October 2024, Published under Cement NewsAs announced on 18 October, Attock Cement Pakistan Ltd (ACPL) reported a significant decline in profit for the 1QFY24-25. The company revealed a profit after tax of PKR62m (US$223,674), a dramatic drop from PKR1.544bn in the same period last year, marking a 96 per cent YoY decrease. This decline is attributed partly to the gain from selling its subsidiary, Saqr Al Keetan, in the 1QFY23-24. However, a closer examination of the results indicates that increased distribution and financial cost... |
Dewan Cement Ltd reported a net loss of US$1.72m for FY23-2402 October 2024, Published under Cement NewsDewan Cement Ltd (DCL), a major cement producer in Pakistan, has reported a net loss of PKR509.7m (US$1.72m) for the financial year ended 30 June 2024 (FY23-24), slightly improving from a loss of PKR586.3m in the previous fiscal year. The company’s net turnover increased by 10.5 per cent to PKR22.319bn, up from PKR20.199bn in the FY22-23 period. Despite the rise in turnover, the cost of sales also grew, reaching PKR21.925bn, resulting in a gross profit of PKR993.9m, more than double the... |
PPC cement sales fall in 4M24-2501 October 2024, Published under Cement NewsPPC cement sales declined 4.6 per cent in South Africa and Botswana in the first four months of FY24-25. However, revenue increased by 1.6 per cent YoY, supported by a 5.5 per cent hike in prices. The company said it would continue to focus on the turnaround of its cement businesses to improve profitability and cash generation, focussing on people, organisational culture, processes as well as industrial and supply chain optimisation, reported The Star. “The South African cement business is... |
Gharibwal Cement posts 15% increase in FY net profit26 September 2024, Published under Cement NewsGharibwal Cement Ltd reported a net sales revenue of PKR18.165bn (US$65.5m) in the financial year ended 30 June 2024 (FY23-24), down 0.8 per cent from PKR18.316bn in the FY22-23. The Pakistani cement producer posted a gross profit PKR3.775bn, representing a 0.5 per cent decrease when compared with the year-ago period when gross profit was PKR3.793bn. Profit from operations slipped by 1.2 per cent to PKR2.75bn in FY23-24 from PKR2.783bn in FY22-23. However, net profit increased by 14.5 ... |
Les Ciments de Bizerte posts 59% drop in 1H revenue24 September 2024, Published under Cement NewsLes Ciments de Bizerte announced disappointing results in 1H24. Revenues at the Tunisian cement producer declined by 59.3 per cent YoY to TND19.58m (US$6.45m) in the 1H24 from TND48.2m in the 1H23. The company’s loss increased by 55.2 per cent YoY to TND-26.8m from TND-17.27m over the same period. In addition, Les Ciments de Bizerte saw its cost of sales fall by 54.6 per cent to reach TND21.43m while financial expenses declined by 22.5 per cent to reach TND5.93m in the 1H24. "Given the s... |
Pioneer Cement reports 98% surge in full-year net profit18 September 2024, Published under Cement NewsPakistan-based Pioneer Cement Ltd , reported revenue of PKR35.52bn (US$127.7m) in the FY23-24 ended 30 June 2024. This represents a drop of 1.8 per cent when compared with PKR36.165bn in the FY22-23. However, the company’s gross profit improved by 25 per cent YoY to PKR11.763bn in FY23-24 from PKR9.409bn in the year-ago period while operating profit saw a 21 per cent uptick to PKR10.756bn from PKR8.889bn over the same period. The company’s net profit advanced by 98.2 per cent to PKR5.17... |
Hoffman Green Technologies reports strong 1H24 results16 September 2024, Published under Cement NewsHoffmann Green Cement Technologies reported its 2024 half-year results, with revenue rising to EUR3.28m in 2024 from EUR1.68m in 2023, showing a 95.7 per cent increase. EBITDA improved to -EUR3.09m in 2024 from -EUR3.65m in 2023, marking a 15.2 per cent improvement, while the net loss widened to -EUR5.19m in 2024 from -EUR3.61m in 2023, a 44 per cent increase. Cash holdings fell to EUR25.03m in 2024 from EUR42m in 2023, a decrease of 40.4 per cent, and shareholders’ equity decreased to EUR67... |
Cemento Polpaico sees 13% in 2Q revenue16 September 2024, Published under Cement NewsChile-based Cemento Polpaico has reported a revenue of CLP75,974.55m (US$83.1m) in the second quarter of 2024, down 12.7 per cent when compared with CLP87,062.56m in the year-ago period. The company’s net loss fell to -CLP2061.89m from -CLP2348.78m in the 2Q23. In the first half of 2024, the company posted a revenue of CLP159,434.44m, down 12.4 per cent when compared with CLP181,936.39m in the 1H23. Net loss improved to -CLP3262.32m in the 1H24 from -CLP4796.41m in the equivalent period of ... |