Cement News tagged under: business results
Holcim's 1H24 profit growth driven by Solutions & Products26 July 2024, Published under Cement NewsHolcim has announced record profitable growth in the first half of 2024. Net sales for the six-month period came in at CHF12,813m (US$14,516m), down 1.9 per cent YoY from CHF13,067m in the same period a year earlier but up 1.6 per cent in local currency terms. Recurring EBIT over the same time frame advanced 12.7 per cent in local currency from CHF2043m to CHF2210m, with the recurring EBIT margin coming in at 17.2 per cent in the 1H24 compared to 15.6 per cent in the 1H23. Operating profit... |
Ramco Cements sees 55% fall in net profit26 July 2024, Published under Cement NewsThe Ramco Cements Ltd reported a 55 per cent fall in net profit to INR355m (US$4.24m) during the quarter ended 30 June 2024, compared to INR793m in the same quarter of 2023. The company’s net revenue decreased by seven per cent in the first quarter of FY24-25 to INR20.97bn, down from INR22.49bn in the same period of FY23-24. During the first quarter of FY24-25, sales volume was 4.4Mt, compared to 4.3Mt in the April-June quarter of 2023. This was due to weak demand amid general electi... |
Yanbu Cement sees 14% rise in 1H net profit26 July 2024, Published under Cement NewsSaudi Arabia-based Yanbu Cement Co announced its interim condensed consolidated financial results for the period ended 30 June 2024. Sales for the six month-period advanced SAR428.37m (US$114.2m), up 7.7 per cent YoY from SAR397.56m in the 1H23. The increase was attributed to a rise in sales volumes and the average selling price. Operating profit increased 17.8 per cent YoY to SAR112.23m in the 1H24 from SAR95.4m. Net profit improved 13.6 per cent YoY to SAR98.07m from SAR86.3m in th... |
GCC posts 9% advance in 2Q earnings25 July 2024, Published under Cement NewsMexico-based GCC SAB de CV reported consolidated net sales down by one per cent to US$360.3m in the second quarter of 2024 from US$364.1m in the 2Q23. US cement and concrete prices increased by 5.3 and 8.1 per cent, respectively while in Mexico cement and concrete prices were up by 2.5 and 6.4 per cent, respectively. However, these increases were not able to offset falls in volumes. Cement volumes were down by 7.1 per cent both in the US and Mexico while concrete volumes saw a 14.3 p... |
Breedon reports uptick in revenue in 1H2424 July 2024, Published under Cement NewsBreedon Group has announced underlying revenue of GBP764.6m (US$985.9m) in the first half of 2024, up three per cent from GBP742.7m in the same period a year earlier. According to the company, this has been supported by its entry into the US. Underlying EBITDA over the same time frame has advanced five per cent to GBP118.1m, while the EBITDA margin has risen slightly from 15.1 per cent in the 1H23 to 15.4 per cent in the same period a year later. Underlying profit before tax has declined s... |
Saurashtra Cement publishes increase in revenue24 July 2024, Published under Cement NewsSaurashtra Cement Ltd has reported consolidated revenue from operations of INR17.65bn (US$210m) in FY23-24 (ended 31 March 2024), up from INR16.45bn (seven per cent YoY). EBITDA for the year was INR1.2bn, compared to INR572m in FY22-23, reflecting a 77.1 per cent YoY increase. Net profit for the year before tax came in at INR565m, marking an 88 per cent YoY increase. Blended cement sales growth was higher than the overall sales growth and clinker production was up nine per cent than th... |
Cementos Pacasmayo reports stable net profit in 1H2423 July 2024, Published under Cement NewsPeru-based Cementos Pacasmayo SAA reported a 3.4 per cent uptick in income to PEN457.1m in the second quarter of 2024 from PEN442m in the 2Q23, supported by the sales mix as concrete and prefabricated sales increased due to the Piura airport project and the recovery of public investment. However, a contraction in the demand for bagged cement saw total sales volumes decrease by 5.8 per cent. Of total sales, cement represented a sales value of PEN369.6m in the 2Q24, down from PEN383.5m in th... |
UltraTech sees sales increase in 1QFY24-2522 July 2024, Published under Cement NewsUltraTech Cement Ltd , part of Aditya Birla Group, has reported consolidated net sales of INR178,790m (US$2.14bn) in the first quarter of FY24-25 (ended 30 June 2024). This compares to INR175,190m in the same period a year earlier. Profit before interest, depreciation and tax fell from INR32,230m 1QFY24-25 to INR32,050m in the same period a year later, while profit after tax advanced slightly from INR16,880m to INR16,970m. According to the company, the quarter under review saw a six per... |
JK Cement posts 65% YoY jump in PAT01 July 2024, Published under Cement NewsJK Cement has reported revenue from operations of INR109,180m (US$1308m) in FY2023-24 (ended 31 March 2024), up 17 per cent YoY. Net sales over the same period came in at INR105,630m, marking a 16 per cent YoY expansion, while profit after tax jumped 65 per cent YoY to reach INR8310m. Over the 12-month period the company produced 18.53Mt of grey and white cement (including wall putty), up 17 per cent YoY, giving a utilisation rate (excluding Toshali and Fujairah) of 81 per cent. In ter... |
PPC FY23-24 results bolstered by strong Zimbabwe performance25 June 2024, Published under Cement NewsPPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According to the company, this was primarily driven by the strong performance in its Zimbabwean operations. EBITDA over the same time frame improved 38.6 per cent from ZAR896m to ZAR1242n, with the EBITDA margin up 1.6 percentage points to 12.3 per cent in FY23-24. In the South Africa and Botswana business, cement revenue... |