Cement News tagged under: business results

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Titan Group's 1H20 revenues stable at EUR786m

30 July 2020, Published under Cement News

Titan Group consolidated revenue in the 1H20 amounted to EUR786.3m, remaining largely stable (+0.1 per cent) over the same period the previous year. Group cement and cementitious volumes reached 7.9Mt in the 1H20, down two per cent from 8.1Mt in the 1H19. Ready-mix sales edged up 1.3 per cent YoY to  2.64Mm 3 from 2.6Mm 3 in 1H19, while aggregate volumes totalled 9.2Mt, up 2.6 per cent from 8.9Mt in 1H19. EBITDA was up 12 per cent YoY, reaching EUR136.8m, while the group's EBITDA margin r...

Martin Marietta reports 1H cement gross profit up 26%

29 July 2020, Published under Cement News

US-based building materials producer Martin Marietta posted total revenues of US$1.27bn in the 2Q20, representing a marginal decline from US$1.28bn in the 2Q19. However, the company’s gross profit increased 6.6 per cent from US$356.9m in the 2Q19 to US$380.5m one year later while earnings from operations advanced 7.2 per cent from US$285.9m to US$306.4m during the same period. Net earnings attributable to Martin Marietta were up 14.8 per cent to US$217.6m in the 2Q20 from US$189.5m in the ...

Breedon Group sees revenue decline by 25% to GBP353.3m in 1H20

29 July 2020, Published under Cement News

Breedon Group Plc announced its interim (unaudited) results for the six months ended 30 June 2020 with revenue reaching GBP353.3m, representing a 25 per cent drop from GBP447.4m in 1H19. Breedon recorded cement sales of 0.8Mt in the 1H20, down from 1Mt in 1H19, while ready-mix sales declined to 1Mm 3 in the 1H20 from 1.5Mm 3 in the 1H19. Breedon also sold 8Mt of aggregates and 1Mt of asphalt in the period, down from 9.9Mt and 1.4Mt, respectively in the 1H19. Despite the COVID-19 lockdown ...

UltraTech Cement's consolidated net sales reach INR75,630m in 1QFY21

29 July 2020, Published under Cement News

UltraTech Cement Ltd’s (Aditya Birla Group) consolidated net sales reached INR75,630m (US$1.01bn) in the 1QFY21 compared to INR112,290m in the 1QFY20. Profit before interest, depreciation and tax was at INR23,530m, down from INR30,840m in the corresponding period of the previous year. Normalised profit after tax was INR9,060m compared to INR12,810m in the corresponding period of the previous year. On a standalone basis, net sales stood at INR72,900m compared to INR10,8510m in 1QFY20. Profi...

Cemex sales decline by 10% in 2Q20

28 July 2020, Published under Cement News

Cemex reported significant disruption from COVID-19 in 2Q20. Sales declined by 10 per cent YoY and EBITDA fell by six per cent to US$554m. These decreases were attributed to lockdown measures. The decline in quarterly consolidated net sales was due to lower volumes for the company's three core products in almost all regions. The USA was the one exception with cement volumes growing six per cent. Net operating earnings before other expenses decreased 17 per cent to US$279m on a like-for-li...

India Cements post 77% drop in 1Q net profit

28 July 2020, Published under Cement News

India Cements reported a 76.5 per cent fall in its net profit to INR169.6m (US$2.3m) in the first quarter of FY20-21 from INR722.1m in the 1QFY19-20. Total income declined 48.3 per cent to INR7.603bn in the 1QFY20-21 from INR14.72m in the year-ago period. EBITDA reached iNR1.59bn despite a steep drop in volumes due to the COVID-19 pandemic. “By first quarter results, it is just like reaching at the crossroads. We have dealt with the COVID pandemic, we have neither asked any employees to ...

Cemex Latam Holdings sales decline 36% in 2Q20

28 July 2020, Published under Cement News

Cemex Latam Holdings, SA announced that in a quarter marked by significant disruption from the COVID-19 pandemic, sales declined by 36 per cent in 2Q20, while EBITDA fell by 32 per cent, in local-currency terms, YoY. Cemex’s consolidated cement volumes declined by 33 per cent during the second quarter YoY. However, volumes recovered significantly in June, doubling the volumes sold during April. Quarterly consolidated prices for cement improved by four per cent YoY and remained stable seque...

Yamama Cement Co reports 2% slip in 2Q revenues

28 July 2020, Published under Cement News

Yamama Cement Co reported a 2.2 per cent slip in 2Q revenues to SAR161.7m (US$43.1m) in the 2Q20 when compared with SAR165.3m in the 2Q19. The company’s net profits declined 10 per cent YoY in 2Q20 to SAR47.6m from SAR53.2m in the 2Q19. Increasing general and administrative expenses as well as lower other revenues were key factors in the profit fall.

Najran Cement posts 1H results

28 July 2020, Published under Cement News

Saudi Arabia-based Najran Cement reported sales of SAR121.5m (US$32.4m) in the second quarter of 2020. The company’s gross profit reached SAR50.3m while its operational profit stood at SAR40.4m. Net profit after zakat and tax was SAR33m. For the first half of 2020 the company posted sales of SAR277.8m and a gross profit of SAR106.8m. Operational profit reached SAR86.5m while net profit after zakat and tax reached SAR73.1m.

Ciments de Bizerte sees 1H turnover up 2%

27 July 2020, Published under Cement News

Tunisian cement producer Ciments de Bizerte has seen its total turnover expand 1.6 per cent YoY to TND42.781m (US$15.6m) in the first half of 2020. Domestic turnover edged up 0.2 per cent YoY to TND40.112m while export turnover improved 26.8 per cent YoY to TND2.669m. In addition, clinker production increased 17.2 per cent to 282,440t in the 1H20 despite the total suspension of production for 45 days following the general COVID-19 lockdown. However, cement production fell by 4.7 per cent....