Cement News tagged under: business results
Cement Co of Nigeria doubles 9M revenues29 October 2019, Published under Cement NewsCement Co of Nigeria saw 9M revenue advance 117.2 per cent to NGN42.51bn (US$5.3bn) in 2019 from NGN19.57bn in the 9M18, reports Reuters News. In addition, the company posted a 9M profit before income taxes of NBN11.68bn, up 103.8 per cent when compared with NGN5.73bn in the 9M18. Cement Co of Nigeria markets its cement under the Sokoto Cement brand name. The company is majority-owned by BUA International Ltd. |
Carthage Cement reports 7% rise in 9M revenues29 October 2019, Published under Cement NewsTunisia-based Carthage Cement saw total turnover increase by seven per cent YoY to TND183m (US$64.6m) in the 9M19 from TND171m in the 9M18, according to African Manager. Turnover in the domestic market advanced 42 per cent YoY, improving the company’s market share to 23 per cent from 17 per cent in the previous-year’s nine-month period. The cement company increased its clinker and cement production by 11 and 22 per cent, respectively, when compared with the 9M18. However, aggregates output... |
LafargeHolcim28 October 2019, Published under Cement NewsLafargeHolcim has reported net sales of CHF7142m (US$7181m) for the third quarter of 2019, compared to CHF7362m in the same period a year earlier, marking a 4.9 per cent uptick on a life-for-like (LfL) basis. Recurring EBITDA over the same period stood at CHF1881m, up 6.4 per cent LfL from the CHF1867m reported in the 3Q18. “Q3 is the fifth consecutive quarter of over-proportional growth in profitability and we are on track to achieve all targets for 2019,” said Jan Jenisch, CEO, Lafarge... |
PT Indocement28 October 2019, Published under Cement NewsIn the first nine months of 2019, PT Indocement has reported cement sales volumes of 12.8Mt. Although this marks a decline of 1.9 per cent YoY, it has still fared better than the Indonesian cement industry as a whole, which has fallen by 2.2 per cent YoY over the same period. However, September this year saw sales advance by 6.2 per cent compared to the previous month. Looking ahead to the final quarter of the year, the company remains confident due to a downward trend in bank interest ra... |
Cemex28 October 2019, Published under Cement NewsCemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing operations and adjusting for foreign-exchange fluctuations. Higher prices for its products, in local currency terns, in all regions were more than offset by the lower volumes seen in Mexico and the Asia, Middle East and Africa region. Operating EBITDA over the same period fell by nine per cent to US$681m. Consolidated ... |
Anhui Conch28 October 2019, Published under Cement NewsAnhui Conch has announced its results for the third quarter of 2019. For the three-month period from 1 July 2019 to 30 September 2019, the company reported revenue of CNY110.7bn (US$15.66bn), which marks a 42.37 per cent uptick YoY compared to CNY77.7bn in the same period last year. Net profit for the 3Q19 came in at CNY28.8bn, up 14.96 per cent, while basic earnings per share improved from CNY3.90 in the 3Q18 to CNY4.49 in the same period this year. Operating costs over the quarter ad... |
UltraTech Cement28 October 2019, Published under Cement NewsUltraTech Cement has announced its unaudited financial results for the quarter ended 31 September 2019. Consolidated net sales came in at INR94.91bn (US$1.34bn), compared to INR90.88bn in the same period a year earlier. Profit before interest, depreciation and tax was INR20.72bn, versus INR15.64bn in the year-ago period. Profit after tax over the same period rose from INR3.56bn to INR5.79bn. During the quarter, variable costs increased by three per cent compared to the previous quarter, whil... |
Cementos Polpaico sees 23% earnings rise in 9M1928 October 2019, Published under Cement NewsChile-based Cementos Polpaico, owned by the Hurtado Vicuña Group, reported earnings of CLP3869.19m (US$5.32m) in the 9M19, representing a rise of 22.8 per cent YoY. In the first nine months of 2018, the company’s earnings reached CLP3150.38m. The cement producers recorded income from ordinary activities of CLP132.68bn in the 9M19, a 9.4 per cent advance when compared with CLP121.321bn in the year-ago period. EBITDA increased 46.6 per cent YoY, explained by “a 9.4 per cent increase in reven... |
Qassim Cement sees profits surge in 3Q1928 October 2019, Published under Cement NewsSaudi Arabia’s Qassim cement has seen its net profits after zakat and tax advance to SAR90.16m (US$24m) in the third quarter of 2019, from SAR5.68m in the 3Q18. The increase in profits was mainly ddriven by the rise in sales, investment return and an increase in other income. Total revenues jumped by 155.7 per cent to SAR190.17m. In the January-September 2019 period, net profits were up by 166.6 per cent to SAR 216.6m compared to SAR81.23m in the same period in 2018. Revenues advanced by 6... |
Higher prices ensure Holcim Philippines receives better 9M19 earnings28 October 2019, Published under Cement NewsIn a disclosure to the Philippine Stock Exchange, Holcim Philippines Inc said EBITDA almost doubled in the 9M19 to PHP1.2bn (US$23.4m) on cost improvements across all its operations coupled with better prices of cement and aggregates. Net income for the third quarter surged to PHP457.2m from PHP176.9m in the same period of the previous year. However, sales volumes were still lower than the third quarter of 2018 despite improved pricing resulting in lower net sales of PHP8.3bn from PHP8.5bn ... |