Cement News tagged under: business results

RSS feed

South Valley Cement posts net loss in 2019

07 July 2020, Published under Cement News

Egypt’s South Valley Cement Co reported a net loss of EGP316.35m (US$19.7m) in 2019, against a net profit of EGP10.19m in the previous year. In the first nine months of 2019, the company had seen its net loss widen to EGP173.9m from EGP16.8m in the 9M18.

Belarusian Cement Co sees sales rise 105% in 5M20

06 July 2020, Published under Cement News

Belarusian Cement Co produced 1.835Mt of cement in the January-May 2020 period, an increase of 104.7 per cent YoY. Total domestic sales also advanced 112.1 per cent YoY. Belarusian Cement Mill dispatched 656,600t of cement (up 3.6 per cent YoY), including 407,800t of domestic sales (up 13.8 per cent). OAO Krasnoselskstroymaterialy reportedly sold 568,300t of cement in the 5M20, climbing 110.2 per cent. OAO Krichevtsementnoshifer also saw sales rise 109.6 per cent YoY to 465,000t. Through t...

Najran Cement Co fully repays loan for WHR project

02 July 2020, Published under Cement News

Najran Cement Co has fully repaid the remaining amount of a SAR45m (US$12m) existing loan, which was used to finance the company's waste heat recovery project. The credit facility was originally supposed to be repaid in three instalments due on 31 December 2020, 31 March 2021, and 30 June 2021, according to a bourse filing. Following this transaction, the company now has a SAR355m loan that will be paid in instalments over five years. 

Malaysia’s CMS sees 64% drop in net profit

02 July 2020, Published under Cement News

Malaysia-based Cahya Mata Sarawak Bhd (CMS) reported a 32.5 per cent drop in revenue to MRY282.5m (US$65.9m) in the first quarter of 2020. Its cement segment saw revenues fall by 17.9 per cent to MRY120.2m and was the least-affected part of the business. Profit before tax declined 57.1 per cent YoY to MYR32.7m with the cement segment being the only one to record a profit. CMS’s cement business saw a 69 per cent rise in profit before tax to MYR144.7m. This resulted in a cement profit margin...

Andhra Cement January-March net sales down 85% YoY

02 July 2020, Published under Cement News

India-based Andhra Cement has reported standalone net sales of INR109.5m (US$1.44m) in January-March 2020, down 85.4 per cent when compared with INR749.4m in January-March 2019. In the January-March 2020 quarter the company posted a net loss of INR-543.8m while EBITDA was INR113.2m.

Power Cement begins commercial operations at 7700tpd plant

01 July 2020, Published under Cement News

Pakistan’s Power Cement Ltd has announced that its 7700tpd clinker production plant has reached its rated capacity and will therefore begin commercial production from 1 July 2020.   The company noted production levels of 450,096t and 502,541t of cement and clinker, respectively, during the 9MFY19-20. Domestic sales reached 418,757t, while cement exports were at 4372t and clinker exports at 111,800t. Overall this represents a nine per cent decline in both domestic and export sales. However,...

Anjani Portland Cement reports net profit rise in FY19-20

01 July 2020, Published under Cement News

India’s Anjani Portland Cement has reported a 14.7 per cent decline in total income to INR1.03bn (US$13.63m) for the final quarter of FY19-20, compared to INR1.21bn in the year-ago period. Net profit also fell 30.2 per cent YoY to INR80.4m from INR115.1m. In the full FY19-20, total income was down 5.9 per cent to INR4.13bn from INR4.39bn in the previous fiscal year. However, net profit surged 74.2 per cent YoY to INR403.5m from INR231.6m in the FY18-19.

Tourah Portland Cement sees loss widen in 1Q20

29 June 2020, Published under Cement News

Egypt’s Tourah Portland Cement has seen its net loss widen to EGP64.9m (US$4m) in the first quarter of 2020, compared to EGP50.9m in the 1Q19. The company also reported an 82.8 per cent YoY decline in sales to EGP50m from EGP290.8m.

Suez Cement sees 27% fall in revenue

29 June 2020, Published under Cement News

Egypt’s Suez Cement has posted an EGP389.65m (US$24.07m) net loss in its consolidated results for the 1Q20, compared to an EGP213.07m profit in the first quarter of 2019. The company’s revenue also fell 26.5 per cent YoY to EGP1.33bn from EGP1.81bn. Suez Cement’s standalone results saw its net loss widen to EGP193.84m in the January-March 2020 period, against EGP95.16m in the 1Q19.

Star Cement sees 4% increase in sales

26 June 2020, Published under Cement News

India’s Star Cement has reported a 3.5 per cent rise in net sales to INR5.57bn (US$73.58m) in the final quarter of the FY19-20, compared with INR5.38bn in the corresponding period of the previous fiscal. However, the company’s net profit declined 4.4 per cent YoY to INR858.3m from INR897.7m. In the full FY19-20, total income edged up two per cent YoY to INR18.73bn from INR18.37bn. Net profit declined to INR2.86bn, a 4.4 per cent fall from INR2.99bn in the FY18-19.