Cement News tagged under: business results

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Shree Digvijay Cement announces 9% rise in income

30 January 2020, Published under Cement News

India’s Shree Digvijay Cement has announced an 8.5 per cent increase in total income to INR1.23bn (US$17.2m) for the 3QFY19-20, compared with INR1.13bn in the year-ago period. Net profit also advanced to INR94.4m from an INR3.6m loss in the year-ago period. In the nine months ending December 2019, income rose 4.2 per cent YoY to INR3.43bn and net profit surged 671.7 per cent to INR332.6m.

Siam Cement sees 32% decline in profit for the 4Q19

29 January 2020, Published under Cement News

Thailand’s Siam Cement has seen a 32 per cent YoY decrease in profit to THB7.1bn (US$230.3m) for the October-December 2019 period. Overall revenue fell nine per cent YoY to THB106.18bn. Revenue from its cement and building material segment was down one per cent at THB45.14bn, due to lower sales in markets outside of southeast Asia, according to the company. Elsewhere, revenue from its chemicals business fell 23 per cent to THB41.35bn. For the full-year 2019, Siam Cement saw a 28 per ce...

UltraTech Cement sees 80% rise in net profit

28 January 2020, Published under Cement News

India's UltraTech Cement (Aditya Birla Group) has posted a 79.8 per cent YoY increase in consolidated net profit to INR7.12bn (US$99.67m) for the 3QFY19-20, while EBITDA rose 25.4 per cent to INR21.41bn. The company has attributed the surge in profit to a higher price realisation and lower energy costs. However, net sales declined 1.2 per cent YoY to INR101.76bn in the December quarter. Cement sales volumes also decreased four per cent YoY to 20.9Mt, impacted by a three per cent fall in do...

Qatar National Cement sees profit decline 51%

28 January 2020, Published under Cement News

Qatar National Cement has recorded a 50.5 per cent fall in net profit to QAR172.16m (US$47.29m) for 2019, compared with QAR347.83m in the previous year. The company’s total cement production declined to 2.2Mt against 2.9Mt in 2018. In 2019 sales of all types of cement dipped to 2.6Mt from 2.9Mt. The company has also announced that it aims to diversify its cement production to meet local market demands and explore the possibility of exports.

Udaipur Cement returns to profit in the 3QFY19-20

27 January 2020, Published under Cement News

India-based Udaipur Cement Works Ltd, a subsidiary of JK Lakshmi Cement Ltd, reported a net profit of INR9.7m (US$135,776) for the third quarter ended 31 December 2019. In the 3QFY18-19 the company posted a net loss of INR120.5m. Income from operations increased 15.1 per cent to INR1.586bn in the 3QFY19-20 from INR1.378bn in the equivalent period of the previous financial year.

Carthage Cement reports 5% turnover rise in 2019

24 January 2020, Published under Cement News

Tunisia-based Carthage Cement saw its total revenues increase by five per cent to TND249.6m (US$4.9m) from TND238.2m in 2019. Cement production rose 17 per cent YoY to 1.478Mt (2018: 1.263Mt). Clinker output was up six per cent to 1.5Mt when compared with 1.42Mt. Domestic revenues were up 33 per cent YoY to TND199.7m in 2019 from TND149.9m in the previous year and a market share of 19 per cent was reported by ilBoursa. In addition, the company re-entered the export markets from the 3Q19, w...

Attock Cement reports 41% growth in profit during 1HY19-20

23 January 2020, Published under Cement News

On 21 January 2020, Attock Cement Pakistan Ltd (ACPL) announced its 1HFY19-20 financial results (for the period ended 31 December 2019). According to a notification by Attock Cement to the Pakistan Stock Exchange (PSX), the company's consolidated profits after tax increased to PKR1.15bn (US$7.44m) during this period, from PKR816m earned in corresponding period of FY18. This translates an increase of 41.3 per cent on YoY basis, which was possible due to a sales increase to PKR12.45bn from P...

Jiangxi Wannianqing Cement projects profit increase for 2019

21 January 2020, Published under Cement News

China’s Jiangxi Wannianqing Cement has projected its net profit to rise from CNY1.1bn (US$160.26m) to between CNY1.28-1.5bn for 2019. The company has attributed the profit increase to the structural reforms of the cement industry and steady growth in demand for the region where it is based. This has resulted in the advancement of the company’s cement sales and product prices.

Semen Indonesia Group sees 29% rise in 2019 sales

20 January 2020, Published under Cement News

The total sales volumes of the Semen Indonesia Group, including Thang Long Cement Co (TLCC) and former Holcim subsidiary, PT Solusi Bangun Indonesia (SBI), increased 36 per cent in December 2019 to 3.93Mt from 2.891Mt (before the group’s acquisition of SBI and therefore, not included in the group’s consolidated numbers), according to a company statement. Semen Indonesia saw sales edge up 4.4 per cent to 2.782Mt YoY, of which 2.564Mt in domestic sales (+8.2 per cent) and 218,678t in export ...

Oman Cement sees net profit decline 45% in 2019

16 January 2020, Published under Cement News

Oman Cement has recorded a 45.3 per cent fall in its net profit to OMR4m (US$10.4m) for 2019, compared to OMR7.3m in the previous year. Total revenue also declined four per cent YoY to OMR50.12m from OMR52.19m.