Cement News tagged under: business results
PT Semen Indonesia receives 9M19 profit decline08 November 2019, Published under Cement NewsCement producer PT Semen Indonesia received a profit decline in 9M19 on the back of surging finance costs. Although Semen Indonesia earned IDR1.3trn (US$92.85m) in net profit from January to September, the profit was a 38 per cent down from 9M18 due to increasing finance costs, which jumped 235.33 per cent YoY. According to the company's financial report released on 31 October, revenue increased 31 per cent YoY to INR28.12trn in the nine-month period thanks to additional contributions from ... |
Hilal Cement Co reports loss in 3Q1908 November 2019, Published under Cement NewsKuwait’s Hilal Cement Co has reported a loss of KWD52,300 (US$172,700) in the third quarter of 2019, according to a company bourse statement. However, in the first nine months of 2019 the company’s profit advanced 57.5 per cent YoY to KWD801,410 from KWD508,860. |
Titan Cement Group's turnover rises by 9% in 3Q1907 November 2019, Published under Cement NewsTitan Cement Group's 3Q19 results saw consolidated turnover rise by 8.7 per cent compared to 3Q18, EBITDA rose by 15.4 per cent and net profit increased by 25.7 per cent. In the 9M19 consolidated turnover rose by 9.7 per cent to EUR1208.5m and EBITDA grew by 5.8 per cent to EUR208.4m. However, net profit declined by 9.9 per cent in 9M19 to EUR45.3m, because of depreciation charges, partly due to IFRS adoption and the consolidation of Turkey in full in 2019. Regional results In ... |
Star Cement sees 16% rise in net profit07 November 2019, Published under Cement NewsIndia-based Star Cement reported a standalone net profit of INR550.8m (US$7.8m) for the quarter ended 30 September 2019, up 16.2 per cent YoY from INR474m in the year-ago period. The company’s net revenues increased by seven per cent to INR3.735bn in the July-September quarter whencompared with INR3.49bn in July-September 2018. Operating expenses were up 9.5 per cent YoY to INR3.105bn from INR2.934bn in the equivalent quarter of the previous year while other income surged from INR2.7m to... |
Umm Al Qura Cement returns to profits07 November 2019, Published under Cement NewsUmm Al Qura Cement Co reported a profit of SAR18.9m (US$5.04m) in the 3Q19, when compared with a loss of SAR3.93m posted in the 3Q18. Revenues of the Saudi cement producers surged 89.7 per cent to SAR63.96m in the 3Q19, compared with SAR33.7m in the year-ago quarter, according to a bourse statement. For the first nine months of 2019, net profits surged by 719 per cent to SAR52.7m from SAR6.43m in the 9M18. Total revenues were up 43 per cent YoY to SAR173.9m. |
Siam Cement reports 35% fall in net profit07 November 2019, Published under Cement NewsThailand’s Siam Cement has reported a 35 per cent fall in net profit to THB6.20bn (US$205m) for the 3Q19. However, revenue rose eight per cent YoY to THB110.33bn. Revenue from its chemicals business decreased 24 per cent YoY to THB44.05bn, while revenue from its cement and building material segment was down two per cent to THB45.32bn. The company attributed the results to the lower contribution from its chemical business and weaker demand for its products amid the US-China trade war. |
Malayan Cement Bhd on course for profits in 202007 November 2019, Published under Cement NewsMalayan Cement Bhd is likely to turn a profit from 2020 onwards by reducing operating costs and implementing a cost rationalisation initiative which began in 1H19, according to a research house. In the 1H19 Malayan Cement's net loss fell by 45 per cent YoY to MYR80.5m (US$19.4m) and while revenue was down six per cent, operating costs declined by 12 per cent. The company has since benefitted from improved cement prices, up from MYR210 to MYR230/t in October. Analyst Affin Hwang Capit... |
Birla Corp sees 450% rise in net profit06 November 2019, Published under Cement NewsIndia's Birla Corp has seen a 450 per cent increase in net profit to INR880m (US$12.4m) in the 2QFY19-20, compared with INR160m in the corresponding period of the previous fiscal. Revenue advanced 10.9 per cent YoY to INR16.47bn, while EBITDA surged 61 per cent to INR3.32bn. The EBITDA margin climbed to 20.1 per cent from 13.9 per cent. The company has attributed the positive results to higher realisation from premium and blended cement sales, and cost rationalisation. Capacity utilisatio... |
Eastern Province Cement records 300% increase in net profit06 November 2019, Published under Cement NewsSaudi Arabia’s Eastern Province Cement Co has reported a 300 per cent increase in net profit to SAR36m (US$9.6m) in the 3Q19, compared with SAR9m in the year-ago period. Sales also advanced 42.6 per cent YoY to SAR174m from SAR122m. During the first nine months of 2019, net profit surged 159.1 per cent YoY to SAR114m from SAR114m in the 9M18. The increase in profit has been attributed to higher cement sales from strong local demand, alongside lower selling and marketing expenses. |
Vicat05 November 2019, Published under Cement NewsVicat's turnover for the first nine months of 2019 improved by 5.7 per cent to EUR2059m, which represents an underlying reduction of 0.7 per cent. Cement deliveries declined by 4.4 per cent to 16.66Mt. The aggregates and concrete turnover improved by 9.3 per cent to EUR819m with shipments of aggregates edging ahead by 0.3 per cent to 17.21Mt and deliveries of ready-mixed concrete declined by 2.4 per cent to 6.76Mm³. The turnover from other activities was off by 1.5 per cent at EUR328m. Th... |