Cement News tagged under: business results

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Robust demand and pricing support 23% revenue advance for Titan in 1Q22

12 May 2022, Published under Cement News

Titan Cement International SA has announced a 22.6 per cent YoY increase in revenue to EUR454.6m in the opening quarter of 2022. This has been attributed to strong pricing across all products and countries, and resilient demand. EBITDA over the same period came in at EUR46.4m, down 17.3 per cent YoY as the phasing in of higher prices only gradually absorbed the increase in energy and input costs. According to the company, further price increases have already been announced in most markets ...

Loma Negra reports 1Q22 results

09 May 2022, Published under Cement News

Loma Negra saw its net sales revenue decrease by 5.5 per cent to ARS19.3bn (US$171m) in the first quarter of 2022 as cement and concrete sales declined and improvements in aggregates in the railway segment. Consolidated adjusted EBITDA reached ARS6.484bn, down 11.2 per cent when compared with the 1Q21. The EBITDA margin contracted 214 basis points YoY from 35.7 to 33.6 per cent. The net profit of ARS3.134bn was down 21.3 per cent when compared with the year-ago period. Commenting on the...

Dangote volumes up 4% in 1Q22

06 May 2022, Published under Cement News

Dangote has reported a 24.2 per cent YoY increase in group revenue to NGN413.2bn (US$995.4bn) in the opening quarter of 2022. Group EBITDA over the same period advanced by 18.6 per cent to NGN211bn giving a margin of 51.1 per cent. Sales volumes for the group fell by 3.6 per cent YoY to 7.2Mt as operations relying on cement and clinker imports, namely Ghana, Sierra Leone and Cameroon, were disrupted by global supply chain issues. Profit after tax in the 1Q22 advanced by 18 per cent YoY to re...

Caribbean Cement posts flat 1Q profit

06 May 2022, Published under Cement News

Caribbean Cement Co Ltd in Jamaica has reported a flat profit for its 1Q22 but views the future with optimism. In the January-March 2022 quarter, Caribbean Cement saw a profit of JMD1.59bn (US$10.3m) on a revenue of JMD6.8bn, compared to a profit of JMD1.53bn on JMD5.97bn a year earlier. "CCC remains encouraged about the future, especially given the recent actions by the Government of Jamaica to remove curfews and fully reopen the economy. The company is also heartened by the strong ceme...

Vicat sees 12% rise in consolidated sales in the 1Q22

05 May 2022, Published under Cement News

Vicat has posted a 12.4 per cent uptick at constant scope and exchange rates in 1Q22 consolidated sales to EUR789m when compared with the equivalent year-ago period. The reported YoY change was 11.6 per cent. The company saw solid sales growth in all regions and higher selling prices. In addition, no impact from the Ukraine-Russia conflict on the group’s activity was noted in the 1Q22. Commenting on these figures, the Group's Chairman and CEO, Guy Sidos, said: "Vicat’s first-quarter sales...

Cementos Pacasmayo posts 44% rise in 1Q net income

28 April 2022, Published under Cement News

Peru-based Cementos Pacasmayo reported a 13 per cent YoY increase in revenues to PEN525.4m (US$137.3m) in the 1Q22, primarily due to the rise in average prices of bagged cement as sales volumes of cement, concrete and precast fell by 5.3 per cent from 933Mt in the 1Q21 to 883.8Mt in the 1Q22. Although the company was impacted by a temporary decrease in sales to reconstruction-related projects and self-construction, the market has seen a pick-up in March. Consolidated EBITDA advanced 21.3...

GCC sees 16% rise in 1Q net sales

27 April 2022, Published under Cement News

GCC reported an 15.7 per cent advance in consolidated net sales to US$206.9m in the first quarter of 2022 when compared with the equivalent period of 2021. Operating income in the 1Q22 was 23.1 per cent higher at US$31.4m when compared with the 1Q21. In the 1Q22 EBITDA increased 10.2 per cent YoY to US$54.5m (1Q21: US$49.5m) with a margin of 26.4 per cent, down from 27.7 per cent in the 1Q21. However, net income dropped 14.3 per cent YoY to US$13.1m from US$15.3m in the 1Q21. As of 31...

BUA sees jump in profit following new plant

25 April 2022, Published under Cement News

BUA Cement increased sales in the 1Q22 by 58.5 per cent to NGN97bn (US$233.4m) following the commissioning of its new 3Mta Kalambaina Line 4 . Other income surged seven times to NGN186m on the back of insurance claims, which represented 88.7 per cent of the income class. In addition, the management reduced net finance costs by 96.5 per cent. Post-tax profit increased by 48.2 per cent to NGN33.1bn when compared with the 1Q21. Profit margins stood at 34.2 per cent. BUA Cement expects to...

Cement Hranice sees 4% uptick in net profit in 2021

25 April 2022, Published under Cement News

Czech cement producer Cement Hranice , owned by Dyckerhoff AG, increased its sales by 13.4 per cent to CZK2.037bn (US$89.8m) in 2021 when compared with sales posted in 2020. The company’s net profit advanced by four per cent YoY to CZK585.7m. "The past year was marked by increased demand for cement sales. Especially at the end of the year, we were forced to reduce our clinker and cement stocks to the lowest possible level, but we still had to slightly reduce deliveries to our customers," a...

Carthage Cement improves 1Q cement exports

22 April 2022, Published under Cement News

Tunisia-based Carthage Cement has improved its export turnover in the first quarter of 2022. Exports were up 32 per cent YoY to TND65m (US$21.8m). The company’s total turnover reached TND83.9m, up 3.4 per cent when compared with the 1Q21. The increase was achieved despite a challenging building and public works market. In terms of production in the first three months of 2022, Carthage Cement produced 398,284t of clinker, which represents an advance of seven per cent YoY. Cement product...