Cement News tagged under: business results
Holcim sales dip 2% in the 1Q2425 April 2024, Published under Cement NewsHolcim has reported net sales of CHF5586m (US$6117m) in the opening quarter of 2024, down 2.4 per cent from the CHF5725m seen in the 1Q23. In local currency, sales were up 3.4 per cent YoY. Recurring EBIT in the 1Q24 came in at CHF532m, marking 7.8 per cent YoY growth, or 17.1 per cent growth in local currency. According to the company, the quarter saw a strong contribution from its Solutions & Products business with roofing sales advancing by 67 per cent YoY in local currency. North Am... |
GCC net income up 51% in 1Q2424 April 2024, Published under Cement NewsGCC SAB de CV reported a 11.9 per cent YoY increase in consolidated net sales to US$272.8m in the 1Q24 from US$243.9m in the 1Q23, mainly on the back of higher sales volumes in the US and favourable pricing in both markets. However, operating expenses were up by 45.5 per cent YoY to US$58.5m in the 1Q24 from US$40.2m in the year-ago period. The company posted a 31.6 per cent advance in EBITDA to US$82.9m in the first three months of 2024 when compared with US$60m in the equivalent period... |
Qatar National Cement reports dip in sales in 1Q2424 April 2024, Published under Cement NewsQatar National Cement Co has reported sales of QAR106.06m (US$29.14m) in the first quarter of 2024, ended 31 March. This compares to QAR127.95m in the same period a year earlier. Net income came in at QAR51.37m, down from the QAR64.1m seen in the opening quarter of 2023. Basic earnings per share from continuing operations stood at QAR0.08 in the 1Q24, compared to QAR0.10 in the year-ago period, reports Market Screener. |
Anhui Conch revenue up 7% YoY in 202322 April 2024, Published under Cement NewsAnhui Conch Cement has beaten analyst expectations by posting revenue of CNY141bn (US$19.5bn). This marks a 6.8 per cent increase on the previous year. Net income in 2023 came in at CNY10.7bn, down 33 per cent on 2022, while the profit margin fell 12 per cent YoY in 2023. According to the company, the decline in margin was driven by higher expenses. Earnings per share in 2023 stood at CNY2.02, compared to CNY2.99 in 2022. |
Belarusian cement plants post losses16 April 2024, Published under Cement NewsIn 2023 OAO Krichevcementnoshifer reported a loss of BYN120.65m (US$36.9m), a fourfold YoY increase despite a 9.3 per cent YoY revenue increase, according to Charter 97. OAO Krasnoselskstroymaterialy doubled its loss to BYN55.1m in 2023 when compared with 2022 while its revenue saw a 5.6 per cent YoY uptick. The OJSC Belarussian Cement Plant reduced its net loss by 16 per cent to BYN34.36m in 2023 while its revenue declined by 2.9 per cent over the same period. The Belarusian ce... |
International Cement Group sees revenue advance 14% YoY11 April 2024, Published under Cement NewsInternational Cement Group (ICG) , which operates cement plants in Tajikistan and Kazakhstan, has reported revenue of SGD257.4m (US$191.4m) in 2023, up 14 per cent on the SGD225.2m seen in the previous year. Net income over the same period was down 44 per cent to SGD16.1m. EBITDA in 2023 was recorded at SGD60.8m, down from SGD66.2m in the previous year, while profit after tax contracted from SGD38.8m in 2023 to SGD29.1m in 2024. According to the company, the fall in profit was driven by a s... |
Trinidad Cement post-tax profit soars in 202308 April 2024, Published under Cement NewsTrinidad Cement Ltd (TCL) saw revenue increase by 8.2 per cent YoY to TTD2.229bn (US$328.8m) from TTD2.061bn in 2022. EBITDA slipped by one per cent YoY to TTD514m, of which 85 per cent was attributed to the Jamaican operations, according to David Inglefield, the company's chairman. “Guyana also continues to improve its profitability with an increase in EBITDA of over 53 per cent compared to last year due to higher sales volumes and stronger pricing," he said. In terms of the Trinidad ... |
Steppe Cement posts 24% drop in 1Q revenue05 April 2024, Published under Cement NewsKazakhstan-based Steppe Cement reported revenue of KZT3.779bn (US$8.4m) in the first quarter of 2024, down 23.5 per cent from KZT4.938bn in the year-ago period. The company's market share in Kazakhstan contracted to 11.5 per cent in the 1Q24 from 12.7 per cent in the 1Q23. Steppe Cement sold 175,383t of cement, representing a 18.4 per cent drop when compared with the 1Q23 when sales volumes stood at 214,832t. The average price received by the cement producer fell 6.3 per cent to KZT21,545... |
CNBM reports 10% YoY revenue drop04 April 2024, Published under Cement NewsCNBM has reported revenue of CNY210.2bn (US$29.1bn) in 2023, down 10.1 per cent on the previous year. This was primarily attributed to a fall in the group’s basic building materials segment, which was partially offset by an increase in revenue in its engineering technical services segment and an uptick in its new materials segment. Profit attributable to equity holders of the company contracted 52.5 per cent over the same period to CNY3.86bn, while EBITDA declined 14.3 per cent to CNY33.8b... |
Huaxin Cement net income picks up in 202302 April 2024, Published under Cement NewsChina-based Huaxin Cement posted revenues of CNY33.8bn (US$4.671bn) in 2023, up 11 per cent when compared with the previous year. Net income edged up by 2.3 per cent YoY to CNY2.76bn in 2023, but the company’s profit margin slipped to 8.2 per cent from 8.9 per cent as the company saw an increase in expenses. Earnings per share (EPS) increased to CNY1.33 in 2023 from CNY1.30 in 2022. While the company’s revenue was in line with analyst predictions, EPS missed analyst estimates by one per... |