Cement News tagged under: business results

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Flying Cement profits recede in FY19

08 October 2019, Published under Cement News

Flying Cement Company Ltd (FCCL) of Pakistan has announced its financial results for FY19. It declared a net profit of PKR142.36m (US$0.9m) against PKR181.5m earned in the same period last year.  FCCL showed a profit dropped by 21.6 per cent. The fall in profit is reportedly due to increase in the cost of sale to PKR3bn from PKR2.6bn during this period, despite increase in sale. The company sales stood at PKR3.2bn compared to PKR2.9bn in the same accounting period last year. The distribut...

Steppe Cement suffers weak 3Q19

08 October 2019, Published under Cement News

Steppe Cement Ltd of Kazakhstan had a weak third-quarter performance but said year-to-date revenue benefitted from rising cement prices. The construction materials producer said revenue in the three months to the end of September was 10 per cent lower compared with the prior year, at KZT10.56bn (US$27.1m). A cement sales volume of 576,692t was achieved by Steppe Cement during the 3Q19, an 11 per cent decrease from the 3Q18. However, for the first nine months of 2019 revenue rose by 10 per...

Power Cement reports 11% fall in sales

07 October 2019, Published under Cement News

Pakistan’s Power Cement Ltd has reported a 11.2 per cent decline in net sales to PKR3.85bn (US$24.5m) in the FY19 ended 30 June, falling from PKR4.34bn in the year-ago period. Gross profit was down 76.7 per cent YoY to PKR157.28m in the period. However, profit after tax increased 82 per cent to PKR582.1m from PKR319.9m.

Pioneer Cement profit shrinks by 52% in FY19

07 October 2019, Published under Cement News

Pioneer Cement Ltd (PIOC) of Pakistan has announced its financial results for the year ended 30 June 2019 today. It earned a net profit of PKR790m (US$5m) as compared to PKR1.644bn earned in the same period last year – falling by 52 per cent YoY. Sales declined from PKR10.12bn to PKR9.73bn during this accounting period. The drop in profit is reportedly due to increase in the cost of sales to PKR7.598bn from PKR7.310bn and an increase in finance cost from PKR94m to PKR270m during this report...

Pioneer Cement records 4% fall in revenue

04 October 2019, Published under Cement News

Pakistan’s Pioneer Cement has reported a 3.8 per cent fall in revenue to PKR9.73bn (US$62.07m) in the FY19, compared with PKR10.12bn in the year-ago period. Operating profit declined 30.9 per cent YoY to PKR1.59bn from PKR2.3bn, while profit after tax slipped 51.9 per cent to PKR790m.

Attock Cement's perceptions for Pakistan's cement industry  

02 October 2019, Published under Cement News

Top officials of Attock Cement Pakistan Ltd (ACPL) presented a pictorial review of Pakistan cement industry in local bourse house on 30 September. Muhammad Rehan, chief financial officer and  Muhammad Irfan Amanulah, senior general manager and company secretary, highlighted the company performance, issues negating to industry's profitability and future outlook. Cement sales The sale of cement in Pakistan is likely to remain flat at 47Mt during FY19-20 but may inch up to 49Mt during FY21-...

Titan

26 September 2019, Published under Cement News

In the first half of 2019, Titan Group recorded growth in sales revenue in all regions, with the exception of the eastern Mediterranean sales region. Consolidated turnover for the group reached EUR785.4m, up 10.2 per cent on the 1H18. This is attributed to the strong performance of the US market, growth in demand in southeastern Europe, and a modest recovery of sales in the group’s Greek operations. EBITDA remained flat YoY at E122.2m as the persistent challenging conditions in both Egypt...

Votorantim

26 September 2019, Published under Cement News

Votorantim Cimentos has reported a 3.7 per cent YoY increase in its consolidated net revenue from goods sold and services in the opening half of this year to BRL5.822bn (US$1.403bn). Gross profit over the same period contracted 7.1 per cent to BRL825.3m on the back of a 5.8 per cent YoY uptick in the cost of goods sold and services. Operating profit in the 1H19 expanded by 54.8 per cent YoY to BRL517.4m, while net profit improved significantly, rising to BRL118.9m from a loss of BRL290.9m in...

Cementir

26 September 2019, Published under Cement News

In the first half of 2019, Cementir Holding SpA reported revenue from sales and services of EUR591m, down 0.6 per cent on the same period last year. EBITDA advanced by 14.7 per cent YoY to EUR110m, while the EBITDA margin increased from 16.31 per cent in the 1H18 to 18.59 per cent in the 1H19. Over the six-month period, volumes of cement and clinker sold, including white cement, came in at 4.3Mt, a contraction of 12.2 per cent YoY. This was mainly due to the negative trend in Turkey, partial...

Vicat

26 September 2019, Published under Cement News

Vicat’s consolidated sales in the 1H19 fell 0.6 per cent YoY, at constant scope and exchange rates, to EUR1340m. EBIT also contracted, down by eight per cent to EUR97m, compared to EUR107m in the 1H18. Vicat’s home market of France saw strong activity in the infrastructure, industrial and commercial markets, offsetting the contraction in the residential sector. Overall sales came in at EUR500m in the 1H19, up 5.1 per cent YoY, at constant scope and exchange rates, with cement sales advancing...