Cement News tagged under: business results

RSS feed

HeidelbergCement achieves 10% revenue growth in 2018

19 February 2019, Published under Cement News

HeidelbergCement has presented its preliminary, unaudited figures for sales volumes, revenue and result from current operations before and after depreciation and amortisation for the 4Q18 and the whole of 2018. Group revenue rose by 10 per cent to EUR 4.7bn, up from EUR4.3bn in 2017. In 2018 the cement and clinker sales volumes of the group increased moderately by three compared with the previous year to 130Mt, up from 126Mt in 2017. Deliveries of aggregates rose slightly by one per c...

Ambuja sees 188% 4Q net profit surge

19 February 2019, Published under Cement News

Ambuja Cements' sales rose 6.7 per cent to 13.63Mt in the quarter ended 31 December 2018 from 12.78Mt in 4Q17. This resulted in a total income of INR68.552bn (US$959.7m) in the October-December 2018 quarter, up 9.3 per cent YoY, while consolidated net profit surged 188 per cent to INR13.779bn. In its outlook LafargeHolcim-owned Ambuja Cements said the higher investment in the road network and housing sector, announced in India’s interim Budget 2019 will help boost economic development in ...

Saurashtra Cement reports net loss of INR6.7m

18 February 2019, Published under Cement News

Indian cement producer Saurashtra Cement saw its net profit fall to INR6.7m (US$93,790) in the quarter ended December 2018 when compared with INR33.2m in the year-ago period. Sales rose 11.3 per cent to INR1.585bn in the October-December 2018 from INR1.424bn in October-December 2017.

Cementos Mélon reports profit up 9% in 2018

18 February 2019, Published under Cement News

Cementos Mélon saw an 8.9 per cent increase in profits to CLP9.067bn (US$13.7m) in 2018 but EBITDA fell 2.9 per cent to CLP28.572bn. The fall was attributed to lower sales of cement and concrete as well as a rise in raw material costs.  The Chile-based cement producer reported a 4.5 per cent rise to CLP191.347bn from CLP193.014m in 2017.

Cherat Cement records PKR1.02bn net profit in 1HFY18-19

14 February 2019, Published under Cement News

Cherat Cement Company Ltd (CCCL) has announced its financial results for the half year ended 31 December 2018. CCCL declared a net profit of PKR1.02bn (US$7.29m), down by 23.9 per cent YoY, as compared to PKR 1.349bn earned in the same period last year.   CCCL's Executive Director and Company Secretary, Abid Vazir, said the company's net sales during the 1HFY18-19 fell to PKR7.032bn from PKR 7.585bn during the first six months of FY17-18. It incurred a higher distribution cost of PK...

Cementos Pacasmayo revenues sees 5% rise in 4Q18

14 February 2019, Published under Cement News

Peru-based Cementos Pacasmayo reported a rise of 4.6 per cent in revenues to PEN340.7m (US$102.3m) in the fourth quarter of 2018 with sales volumes of cement, concrete and precast increasing 5.6 per cent to 656.2t as the public sector recovered. Demand from self-construction and small- and medium-sized projects also advanced. The cement EBITDA margin slipped by 5.8 percentage points to 26.6 per cent, mainly due to higher production costs and a non-cash effect generated by the provision of ...

Deccan Cements sees four-fold 3Q net profit surge

14 February 2019, Published under Cement News

India-based Deccan Cements reported a near four-fold hike in its net profit for the third quarter ended 31 December 2018. Net profit surged to INR329.9m from INR89.5m in the 3QFY18-19. Total income of the company increased from INR1362.1m in the year-ago period to INR5029.2m in the third quarter of the current financial year. Deccan Cements produces OPC, PPC, blended and slag cement as well as generating hydroelectric, wind and thermal power.

RAK Cements profit falls to AED13m

14 February 2019, Published under Cement News

Ras Al Khaimah Co for White Cement and Construction Materials has posted a 57 per cent drop in net profit to AED13m (US$3.5m) in 2018. The company’s revenues fell from AED767.92m in 2017 to AED755.22m one year later while total assets declined to AED1.03bn in 2018 versus AED1.102bn the previous year.

Saudi cement sales fall 9% in January

13 February 2019, Published under Cement News

Cement sales in Saudi Arabia declined by nine per cent in January 2019 when compared with sales in the previous year. Sales volumes of companies listed on the Tadawul fell 9.3 per cent YoY to 3.7Mt, according to a monthly report by Yamama Cement.  Cement stockpiles increased to 1.12Mt from 1.05Mt. Southern Province Cement Co posted the highest sales in January, up 27 per cent YoY to 569,000t. Saudi Cement Co followed with sales of 452,000t, representing a YoY decrease of 11.7 per cent. N...

Martin Marietta Materials achieves record volumes and profits

13 February 2019, Published under Cement News

US-based Martin Marietta Materials saw turnover advance by seven per cent in 2018 to US$4244.3m. EBITDA was 8.6 per cent ahead at US$1103.8m, but the final quarter showed a 5.9 per cent decline. The trading profit eased by 1.4 per cent to US$690.7m, while interest charge increased by 49.8 per cent 137.1m, giving a pretax profit 6.9 per cent lower at US$576.1m. A tax charge compared with a credit in the previous year gave a net attributable profit 34.1 per cent lower at US$470m. The compan...