Cement News tagged under: business results

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Anhui Conch Cement posts 13% increase in net profit for 2019

23 March 2020, Published under Cement News

China’s Anhui Conch Cement has announced a 13 per cent increase in net profit to CNY33.59bn (US$4.73bn) for 2019, compared with CNY29.81bn in the previous year. EBITDA advanced 9.5 per cent to CNY49.33bn from CNY45.07bn. Total sales surged 22.3 per cent to CNY157.03bn against CNY128.4bn in 2018. The company has attributed the positive results to higher sales of cement and other construction materials. It is also targeting CNY10bn of capital expenditure in 2020, which is expected to be used...

Argos reports 11% rise in revenues in 2019

23 March 2020, Published under Cement News

On a consolidated basis, Colombia-based cement producer Argos reported an 11.4 per cent increase in revenues and a 14.3 per cent increase in EBITDA during 2019. The year ended satisfactorily with advances of 11.4 per cent in revenues and 14.3 per cent in EBITDA. Operations in the USA saw significant volume growth and prices in Colombia and the Caribbean recovered. The Central America region maintains conjunctural difficulties in Honduras and Panama, which was offset to some extent by the ...

PPC Zimbabwe reports 15-20% volume drop

23 March 2020, Published under Cement News

PPC Zimbabwe has reported a fall of 15-20 per cent in volumes for the 11 months ended February 2020 due to the country’s economic environment, reports the Zimbabwe Mail. However, the company has recorded improved EBITDA margins of 35-38 per cent. Inflationary pressures in the country have increased the cost of inputs as well as decreasing consumer spending. Limited access to foreign currency has also added to the challenges. “Despite the challenging trading conditions in Zimbabwe, includ...

Caribbean Cement resumes exports to Cuba

23 March 2020, Published under Cement News

Caribbean Cement Co Ltd increased its export sales threefold YoY in 2019, including markets such as Guantánamo Bay, Cuba. While CCCL’s 2019 annual report did not name Guantánamo Bay, a cement company representative told the Financial Gleaner that Caribbean Cement resumed exports to that area, and that those sales would have positively impacted on total exports. The cement producer had previously announced that it wanted to recommence exports to several Caribbean countries, including the Ba...

Titan records 8% advance in revenue for 2019

20 March 2020, Published under Cement News

Greece-based Titan Cement has seen its group consolidated revenue advance eight per cent to EUR1.609bn in 2019, compared with EUR1.49bn in the previous year. EBITDA also increased 2.8 per cent YoY to EUR267.1m from EUR259.7m. "We are well placed to simultaneously navigate the market cycles of our business and participate in the major transformational changes that will affect our sector and beyond, focusing on operational excellence and profitability, as well as on adaptability, agility and...

Eastern Province sees profit surge in 2019

20 March 2020, Published under Cement News

Saudi cement producer Eastern Province Cement Co (EPCC) has posted a 158.7 per cent jump in profits to SAR181m (US$48.3m) in 2019, up from SAR70m in 2018. Revenues increased 28.8 per cent to SAR729m last year. The increase in net profits after zakat and tax has been attributed to higher sales volumes and prices, investment income and a lower zakat provision and a refund on a provision for credit losses. There was also a reduction in losses on disposal of property, plant and equipment, repo...

City Cement reports 61% rise in profit

16 March 2020, Published under Cement News

Saudi Arabia’s City Cement has reported a 61 per cent YoY increase in net profit to SAR180.9m (US$48.2m) in 2019, rising from SAR112.3m in the previous year. The company’s total sales also advanced 54.1 per cent to SAR531.4m from SAR344.9m.

Bim Son Cement announces sales targets for 2020

16 March 2020, Published under Cement News

Vietnam’s Bim Son Cement JSC has announced a sales target of 5.6Mt of cement and clinker in 2020, up 30.2 per cent compared to 4.3Mt in 2019. The company is also aiming to reach a pretax profit of VND265bn (US$11.42m) for the year, a rise of 35.6 per cent on VND195.5bn last year.

Cementarnica Usje sees profit up 22%

16 March 2020, Published under Cement News

North Macedonia’s Cementarnica Usje (Titan Cement) has reported a 21.5 per cent YoY rise in profit to MKD1.27bn (US$23.15m) in 2019. Domestic sales advanced 8.2 per cent to MKD3.15bn, while international sales climbed 8.7 per cent to MKD1.64bn. Operating revenue increased by 9.5 per cent to MKD5.03bn.

PIBTL likely to become hub of cement/coal handling

12 March 2020, Published under Cement News

The Directors of Pakistan International Bulk Terminal Ltd (PIBT) has released the detailed financial statements for the period ended 31 December 2019. During the period, Pakistan's only coal and clinker/cement terminal at Port Muhammad Bin Qasim has handled 44.07Mt cargo against 39.66Mt in the same period last year. It depicts a modest growth of 11.1 per cent, with consistent performance.   The management of the company is focussing on strategies to increase the efficiency in cargo handling...