Cement News tagged under: business results
Breedon on track to deliver record earnings25 November 2022, Published under Cement NewsBreedon Group reported that trading conditions remained supportive in the second half, enabling the company to fully recover rising input costs through robust pricing and disciplined cost management. In the four months to October 2022 group revenue expanded by 16 per cent YoY, resulting in a revenue of GBP1186m in the year to date, up 14 per cent YoY and 12 per cent on a like-for-like basis. In Great-Britain the group delivered a strong operational performance and advanced strategically.... |
InterCement posts 17% sales increase in 3Q2223 November 2022, Published under Cement NewsInterCement has reported cement and clinker sales of 5.494Mt in the third quarter of 2022, up 1.2 per cent on the same quarter a year earlier (3Q21: 5.428Mt). Total sales over the 3Q22 advanced by 16.5 per cent YoY to US$492m, driven mainly by a solid volume performance in Argentina and healthy pricing across all locations. Total EBITDA improved by 2.7 per cent YoY from US$122m in the 3Q21 to US$126m in the 3Q22, while adjusted EBITDA was up 2.1 per cent from US$127m to US$130m. Cost pr... |
CRH sees sales advance 13% YoY in 9M2222 November 2022, Published under Cement NewsIn the opening nine months of 2022, CRH plc has seen its sales advance by 13 per cent YoY to US$24.4bn. Over the same period, EBITDA has improved by 14 per cent to US$4.2bn, while the EBITDA margin is up 10bps to 17.1 per cent. According to the company, the positive momentum experienced in the first half of the year continued into the third quarter, driven by resilient demand, strong pricing and continued delivery from its integrated solutions strategy. Third quarter sales in Americas M... |
Arabian Cement back in profit in 9M2218 November 2022, Published under Cement NewsEgypt’s Arabian Cement Company has reported revenue of EGP3333.9m (US$135.9m) in the first nine months of 2022, up from EGP1568.1m in the same period a year earlier. Profit after tax in the 9M22 came in at EGP244.7m, compared to a loss of EGP24.5m in the first nine months of 2021. Earnings per share over the same period advanced from -EGP0.08 to EGP0.63. Domestic sales accounted for EGP2597.9m of total revenue in the 9M22, with exports (EGP575.9m) and services (EGP160.1m) making up the... |
PPC posts 23% drop in EBITDA17 November 2022, Published under Cement NewsPPC Ltd , which is currently finalising its results for the six months ended 30 September 2022, has posted a 23 per cent YoY drop in EBITDA to ZAR728m (US$42.1m) in the six months ended 30 September 2022. Excluding PPC Zimbabwe, EBITDA fell 12 per cent YoY. Net debt continued to improve, coming in at ZAR677m on 30 September 2022, compared to ZAR1009m in March of this year. According to the company, shareholders should expect earnings per share (EPS) for the 2022 six-month period to “diff... |
Kuwait Portland Cement 3Q profit stable15 November 2022, Published under Cement NewsKuwait Portland Cement posted a 3Q total operating revenue of KWD32.7m (US$106.2m) in 3Q22, up from KWD27.6m in the equivalent period of 2021. The company’s net profit attributable to shareholders remained stable at KWD1.3m in the 3Q22. |
Universal Cement sees 3Q profits surge15 November 2022, Published under Cement NewsTaiwan-based Universal Cement Corp reported a 22.7 per cent YoY increase in revenue to TWD1783.1m (US$57.6m) in the third quarter of 2022 from TWD1453.2m in the same period a year earlier. Pretax profit advanced by 158 per cent from TWD240.1m in the 3Q21 to TWD618.7m in the 3Q22 while net profit surged 193.8 per cent YoY from TWD194m to TWD570m. |
Burnpur Cement reports further losses14 November 2022, Published under Cement NewsIndia-based Burnpur Cement Ltd has reported total revenue of INR330.3m (US$4.09m) in the quarter ended 30 September 2022. This compares to INR312.9m in the previous quarter and INR337.4m in the quarter ended 30 September 2021. A loss from continuing operations of INR202.5m was seen in the September 2022 quarter, versus a loss of INR179.2 in the previous quarter and a loss of INR183.9m in the comparable quarter a year earlier, reports Dow Jones Newswires. The loss is being attributed to fi... |
Holcim Philippines posts loss as expenses rise14 November 2022, Published under Cement NewsHolcim Philippines has reported a 6.93 per cent increase in total revenue to PHP6.94bn (US$121.17m) in the third quarter of 2022, up from PHP6.49bn in the same period a year earlier. Despite this, the company posted a net loss of PHP173.28m in the 3Q22, down from a profit of PHP669.26m in the 3Q21. According to the company, this was due to higher expenses with its gross expense increasing by 13.3 per cent from PHP5.62bn to PHP6.37bn over the same period. Revenue for the opening nine mon... |
Votorantim Cimentos achieves consolidated net revenue of BRL7.6bn in 3Q2211 November 2022, Published under Cement NewsVotorantim Cimentos ended the 3Q22 with consolidated net revenue of BRL7.6bn (US$1.25bn), an increase of 19 per cent compared to the same period last year. Consolidated adjusted EBITDA in 3Q22 was BRL1.7bn, up six per cent from 3Q21 and 29 per cent higher than 2Q22. The consolidated EBITDA margin was 23 per cent, an increase of three percentage points compared to 2Q22. The company’s global cement sales totalled 10.2Mt in the third quarter of this year, with a slight drop of one per ... |