Cement News tagged under: business results
GCC sees 8% rise in consolidated net sales23 October 2019, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has recorded an 8.3 per cent YoY rise in consolidated net sales to US$301.7m for the third quarter of 2019, on the back of improved cement volumes and prices in Mexico and the USA. EBITDA advanced 15.2 per cent to US$96.4m from US$83.7m in the 3Q18, while the EBITDA margin remained largely unchanged at 31.9 per cent from 30 per cent. Regionally, net sales rose 5.5 per cent and 9.1 per cent in Mexico and the US, respectively. "GCC delivered stro... |
Sagar Cements sees revenue increase 3%23 October 2019, Published under Cement NewsIndia's Sagar Cements has recorded a consolidated net profit of INR45.2m (US$637,532) in the quarter ended 30 September 2019, compared with a loss of INR80m in the year-ago period. Total revenue increased 2.7 per cent YoY to INR2.65bn from INR2.58bn. "The growth would have been even better, but for the sluggishness in the overall economy and an extended monsoon, which weighed down on demand. Profitability improved on the back of several cost-saving initiatives as well as moderating input c... |
Ambuja Cement sees 1% rise in net sales for 3Q1923 October 2019, Published under Cement NewsIndia’s Ambuja Cement (LafargeHolcim) reported a modest decline in standalone sales volumes to 5.23Mt in the 3Q19, compared with 5.456Mt in the year-ago period. However, net sales climbed 1.3 per cent YoY to INR25.56bn (US$360.48m) and EBITDA advanced 22.9 per cent to INR4.4bn. Profit after tax increased 31.3 per cent to INR2.35bn from INR1.79bn. "In the backdrop of general slowdown in economy and subdued construction activity, Ambuja has delivered yet another quarter of good EBITDA and ... |
UltraTech boosts capacity and reports 3Q results22 October 2019, Published under Cement NewsUltraTech completed the acquisition of Century's cement business, with the Scheme of Demerger effective from 1 October 2019. With this acquisition, UltraTech's cement manufacturing capacity stands augmented to 117.4Mta, including its overseas capacity. This makes UltraTech the third-largest cement company in the world, outside of China. It is also the only company in the world to have a capacity of over 100Mta in a single country, outside of China. The quarter ended 30 September 2019 witn... |
Fauji Cement reports fall in profit by 63% in 1QFY2022 October 2019, Published under Cement NewsPakistan-based Fauji Cement Co Ltd (FCCL) has announced its financial results for 1QFY20 on 21 October. It posted a net profit after tax of PKR293m (US$1.87m), down 63 per cent YoY, compared to PKR801m earned in same quarter last year, says a filing of company to Pakistan Stock Exchange. The major factor responsible for this fall was the drop in sales to PKR4.2bn from PKR5.3bn during this accounting period. The distribution and administrative expenses have also been increased to PKR52m and ... |
Shree Cement sees fivefold profit jump in 2QFY19-2022 October 2019, Published under Cement NewsIndian cement producer Shree Cement has seen its profit surge fivefold to INR3.133bn for the quarter ended 30 September 2019 (2QFY19-20). In the year-ago period, the company posted a consolidated net profit of INR637.7m, according to a company filing to the Bombay Stock Exchange. The consolidated total income of the company increased to INR30.308bn, up 4.3 per cent when compared with INR29.072bn in the 2QFY18-19. |
Dalmia sees 5% hike in 2Q revenues22 October 2019, Published under Cement NewsDalmia Bharat Cement reported consolidated revenues of INR22.85bn (US$322m) in the quarter ended 30 September 2019 (2QFY19-20), up 5.2 per cent when compared with INR21.73bn in the year-ago period. The company posted a consolidated profit of INR360m for the quarter ended 30 September 2019. In other news, the company said it plans to become a pan-India players with the acquisition of Murli Cement in Maharashtra and a a new plant in Rajasthan. This would enable Dalmia Bharat to enter the Mah... |
Shiva reports 2Q loss at INR62.2m21 October 2019, Published under Cement NewsIndia-based Shiva Cement Ltd has reported net sales of INR57.2m (US$806,037) in the 2QFY19-20 as compared to INR106.8m in the 1QFY19-20. When compared with the 2QFY18-19, sales increased 28 per cent from INR44.7m. In addition, the company posted a net loss of INR62.2m in the second quarter, when compared with INR41.3m in the first quarter of this financial year. However, net loss was up 5.3 per cent when compared with INR5.91m in the 2QFY19-20. |
Bestway Cement’s profits sharply eroded in 1QFY1918 October 2019, Published under Cement NewsBestway Cement Ltd (BWCL) of Pakistan has announced its financial results for the 1QFY19, ended 30 September 2019. It declared a net profit of PKR300m (US$1.97m) against PKR2.257bn earned in the same period last year. It shows 1Q profit plummeted by 86.7 per cent YoY. The fall in profit is reportedly due to a dip in the company's sales and a modest increase in finance costs as shown in the financial results sent to the Pakistan Stock Exchange. BWCL's sales stood at PKR15.47bn in July-Septem... |
ACC shows 45% increase in profit for the 3Q1916 October 2019, Published under Cement NewsIndia’s ACC (LafargeHolcim) saw its consolidated net profit rise 44.7 per cent YoY to INR3.03bn (US$42.25m) in the 3Q19, on the back of a three per cent climb in net sales to INR34.64bn. Operating EBITDA was up 26 per cent YoY to INR5.57bn from INR4.44bn. However, consolidated cement sales volumes fell two per cent to 6.44Mt from 6.54Mt in the 3Q18. In the 9M19 net profit increased 40 per cent YoY to INR11.04bn, compared with INR7.88bn in the year-ago period. Net sales advanced six per cen... |