Hsing Ta Cement sees 12% fall in revenue for May
Taiwan’s Hsing Ta Cement saw an 11.7 per cent drop in revenue to TWD706.9m (US$23.77m) for May 2020, compared to TWD800.4m in the same month last year. In the first five months ...
Business Results
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Sharjah Cement reports net loss in 1Q20
UAE-based Sharjah Cement has reported a net loss of AED9.3m (US$2.5m) in the first quarter of 2020, compared to an AED802,000 net profit in the corresponding period of last year...
BUA Cement posts 25.1% rise in revenue
BUA Cement has announced a 25.1 per cent YoY increase in revenue to NGN54bn (US$139.3m) in its financial results for the 1Q20. Profit before tax increased by 15.7 per cent YoY f...
Eagle Materials posts record revenue in FY19-20
US-based Eagle Materials has reported a record revenue of US$1.45bn in the FY19-20, up four per cent from US$1.39bn in the previous fiscal year. Net earnings climbed three per c...
Sagar Cements sees 17% fall in revenue
India’s Sagar Cements has reported a 94 per cent decline in consolidated net profit to INR11.8m (US$156,598) in the final quarter of FY19-20, compared to INR187.5m in the corres...
Flying Cement reports 96% fall in sales
Pakistan’s Flying Cement Co saw a 95.9 per cent fall in sales to PKR35.62m (US$217,705) in the January-March period of 2020, compared to PKR858.47m in the year-ago period. The c...
Ras Al Khaimah slips into the red in 1Q
In its unaudited first-quarter results, Ras Al Khaimah Cement Co reported a 26 per cent drop in sales to AED36.838m (US$10.031m) in the first quarter of 2020 ended 31 March when...
Dangote Cement sees sales slow in 1Q20
This week Dangote Group reported its 1Q20 results, which saw group sales volumes decline by 0.6 per cent with the onset of the coronavirus in March. ICR now looks deeper at the ...
Prism Johnson sees 61% fall in net profit
India’s Prism Johnson Ltd, formerly known as Prism Cement, has reported a 61 per cent fall in standalone net profit to INR564.5m (US$7.47m) in the FY19-20, compared with INR1.46...
Tokyo Cement Co (Lanka) Plc sees 23% fall in turnover in 4QFY20
Tokyo Cement Co (Lanka) PLC said the group recorded LKR8.4bn (US$45.1m) turnover for the 4QFY20, which represents a 23 per cent reduction when compared to 4QFY19. The company re...