Cement News tagged under: business results
Gabon cement output jumps 21% in 9M1907 January 2020, Published under Cement NewsCement production in Gabon has increased by 20.7 per cent in the first nine months of 2019, according to DirectInfosGabon. Output from CIMAF and CimGabon reached 421,356t. Cement sales advanced by 17.7 per cent to 413,604t due to strong local demand, mainly from the self-build sector during the dry season. Cement company revenues were up 15.8 per cent YoY to XAF39.864bn (US$68m). |
Fecto forms new subsidiary, reports fall in domestic sales27 December 2019, Published under Cement NewsFecto Cement Ltd has approved the formation of a wholly-owned subsidiary to implement the investment in a new cement plant. The Pakistani cement producer had earlier announced plants to build a 6000tpd greenfield plant and 9MW waste heat recovery power plant in Palai, Khyber Pakhtunkhwa. Completion of the project would be expected in 18 months’ time. Financial performance 1QFY19-20 In the first quarter of the 2019-20 financial year, Fecto Cement increased its clinker production by 10.4... |
Dandot Cement continues to posts losses20 December 2019, Published under Cement NewsDandot Cement Company Ltd (DNCC) of Pakistan has announced its financial results for the first quarter ended September 2019, yesterday. It incurred a net loss of PKR220m (US$1.42m) as compared to loss of PKR49.4m reported in the same quarter last year. The major factor responsible for this declining trend in company’s profit, was a 63.7 per cent fall in sales to PKR144m from PKR397m in the same period last year. The company incurred a higher distribution cost and lesser administrative ex... |
Universal Cement Corp sees 17% rise in revenue10 December 2019, Published under Cement NewsTaiwan’s Universal Cement Corp has seen a 17 per cent YoY surge in November revenue to TWD493.4m (US$16.19m) from TWD421.8m in the same period of 2018. In the first 11 months of 2019, revenue increased 5.4 per cent YoY to TWD4.55bn against TWD4.32bn of January-November 2018. |
Taiwan Cement Corp records modest decline in revenue10 December 2019, Published under Cement NewsTaiwan Cement Corp has posted a revenue of TWD11.678bn (US$383m) for November 2019, a modest decline of 0.9 per cent from TWD11.784bn from the corresponding period of last year. Between January-November this year, the company has seen revenue decrease 2.4 per cent YoY to TWD110.45bn from TWD113.2bn of the 11M18. |
Asia Cement Corp records 5% YoY revenue increase10 December 2019, Published under Cement NewsTaiwan’s Asia Cement Corp has recorded a 4.9 per cent increase in November 2019 revenue to TWD8bn (US$262.5m), compared with TWD7.626bn in the year-ago period. In the first 11 months of the year, revenue climbed 6.6 per cent YoY to TWD81.23bn from TWD76.2bn. |
Sagar Cements records 27% fall in production09 December 2019, Published under Cement NewsIndia’s Sagar Cements has seen the company's standalone cement production/purchase decline 27.4 per cent to 172,160t in November 2019, compared to 236,967t in the year-ago period. Consolidated cement production was down 23.1 per cent YoY to 244,291t from 317,796t. Standalone cement sales for the month also fell 29.4 per cent to 167,720t from 237,409t sold in November 2018. Consolidated cement sales dipped to 241,195t, a decline of 23.5 per cent compared to 315,106t in the previous year’s ... |
Ciments du Maroc reports 4% rise in 9M turnover29 November 2019, Published under Cement NewsCiments du Maroc, the Moroccan subsidiary of HeidelbergCement, has posted a 9M19 turnover of MAD2.67bn, up 3.8 per cent YoY. For the third quarter of 2019, the company reported revenues of MAD831m, representing a three per cent fall when compared with the 3Q18. The fall is due lower cement sales volumes as construction sites wound down activity in August. However, turnover is expected to increase by two per cent for the full year of 2019. |
CMSB 3Q profit drops 7%27 November 2019, Published under Cement NewsCahya Mata Sarawak Bhd (CMSB)’s net profit declined seven per cent to MYR72.83m (US$17.451m) in the 3Q19, ended 30 September 2019 from MYR78.02m in the 3Q18. The company’s revenue remained stable at MYR467.18m (3Q18: MYR465.17m). The fall was attributed to rising sales costs and a decrease in other income. Cost of sales advanced three per cent to MYR371.29m in the 3Q19 from MYR362.13m in the year-ago period. Other income decreased 63 per cent to MYR3.67m from MYR10.02m over the same period... |
CRH forecasts record 2019 earnings26 November 2019, Published under Cement NewsIreland-based building materials major CRH predicts that its full-year earnings will expand by 23 per cent to reach a record EUR4.15bn. The trading outlook follows the company's announcement of its January-September 2019 results. Group sales rose nine per cent YoY to EUR21.8bn in the 9M19. There was a six per cent YoY increase in sales by its Europe Materials division, while Americas Materials sales advanced by four per cent YoY. Building products sales were up three per cent when compared... |