LafargeHolcim Bangladesh reports 6% increase in PAT
LafargeHolcim Bangladesh has seen its profit after tax advance 6.2 per cent to BDT843m (US$9.94m) in the first half of 2020, against BDT794m last year. The company has noted the...
Business Results
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Qatar National Cement reports 32% fall in profit
Qatar National Cement has reported a 31.8 per cent YoY decline in net profit to QAR68.3m (US$18.76m) for the first half of 2020, compared to QAR100.1m in the year-ago period. Th...
Summit Materials announces 2Q results and new CEO
US-based Summit Materials saw a 24.5 per cent rise in operating income for the second quarter of 2020 to US$100.1m from US$80.4m in the year-ago period. Adjusted EBITDA also adv...
Twiga sees 33% rise in net profit for 1H20
Tanzania Portland Cement (Twiga) has reported a 33 per cent YoY increase in net profit to TZS34.94bn (US$15.05m) in the first half of 2020, against TZS26.19bn in the 1H19. "Desp...
ACC reports 40% fall in net profit
India’s ACC (LafargeHolcim) has reported a 40 per cent YoY decline in consolidated net profit to INR2.71bn (US$36.2m) in the first quarter of FY20-21, compared to INR4.55bn in t...
Orient Cement evaluates COVID-19 impact on operations
India's Orient Cement Ltd estimates that it lost around 225,000t of cement sales towards the end of the FY19-20 due to the COVID-19 pandemic, which may have an impact of up to I...
European building materials sector shows resilience
Following the downturn in activity for the French construction materials sector in April, the following month saw the beginnings of a sequential recovery and even more impressiv...
Eagle Cement Corp aims to complete Bulacan expansion in 2020
Philippine-based Eagle Cement Corp is now looking to complete its 2Mta Bulacan plant expansion before the year ends, following delays related to the COVID-19 pandemic. "This pla...
Oman Cement sees 9% decline in 1H20 profit
Oman Cement Co has reported an 8.7 per cent decline in net profit after tax to OMR2.1m (US$5.46m) for the first half of 2020, compared to OMR2.3m in the 1H19. However, the compa...
HeidelbergCement's preliminary 2Q20 results above market expectations
In the course of preparing the 1H20 financial report of HeidelbergCement AG, the preliminary 2Q20 financial figures deviate from the capital market expectations, which are based...