Ambuja Cements reports 12% increase in net profit
India’s Ambuja Cements reported a 12 per cent YoY rise in consolidated net profit to INR5.54bn (US$73.73m) for the quarter ending 31 March, with sales volumes falling 10 per cen...
Business Results
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Solusi Bangun Indonesia reviews its capex after challenging 2Q20
Semen Indonesia-owned Solusi Bangun Indonesia (SBI) is reviewing its capital expenditure plans for 2020 due to the coronavirus pandemic, according to Bisnis. "The current condit...
Taiwan's producers report positive June results
Taiwan’s Universal Cement Corp has reported a 28.2 per cent YoY rise in its revenue to TWD453.56m (US$15.39m) for June 2020, compared to TWD353.93m in the year-ago period. In th...
Tangshan Jidong Cement reports fall in net profit
China’s Tangshan Jidong Cement has reported its results for the first half of 2020. The company saw its net profit fall around 30.3-34.3 per cent YoY to CNY0.98-1.04bn (US$139.8...
Steppe Cement sells 0.76Mt of cement in 1H2020
Steppe Cement of Kazakhstan reports that it sold 764,752t of cement in the 1H20 for KZT13,677m (US$33.24m), down from 780,315t for KZT10,079m in 1H19. This represents a decline ...
Lucky Cement sees 33% rise in June revenue
Taiwan’s Lucky Cement has posted a 32.6 per cent rise in revenue to TWD360.6m (US$12.25m) for June 2020, compared to TWD272m in the year-ago period. In the first six months of t...
ACC Ltd's net sales rise 6%
ACC Ltd (LafargeHolcim) held its 84th AGM on 6 July via video conference and reporting its net sales in 2019 increased by six per cent to INR153.43bn (US$2.04bn) and its premium...
Lafarge Cement Zimbabwe sees revenue advance 104%
Lafarge Cement Zimbabwe saw its profit for 2019 rise to US$178m, while volumes remained flat YoY at 323,000t. Gross profit increased 251 per cent to US$496m from US$141m in 2018...
South Valley Cement posts net loss in 2019
Egypt’s South Valley Cement Co reported a net loss of EGP316.35m (US$19.7m) in 2019, against a net profit of EGP10.19m in the previous year. In the first nine months of 2019, th...
Belarusian Cement Co sees sales rise 105% in 5M20
Belarusian Cement Co produced 1.835Mt of cement in the January-May 2020 period, an increase of 104.7 per cent YoY. Total domestic sales also advanced 112.1 per cent YoY. Belarus...