Cement News tagged under: business results
Yamama Cement sees revenue surge 73% in the 3Q1916 October 2019, Published under Cement NewsSaudi Arabia’s Yamama Cement Co has returned to profit in the 3Q19, posting a SAR45.7m (US$12.1m) profit against losses of SAR46.3m in the year-ago quarter. Revenue also surged 73.1 per cent YoY to SAR186.5m. In the first nine months of 2019, net profits reached SAR178.5m compared to a SAR58.7m loss in the 9M18. The company also recorded a 56.8 per cent YoY increase in revenue to SAR565.7m from SAR360.8m. |
Attock Cement profit falls 16% in 1QFY19-2015 October 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) of Pakistan has announced its financial results for the first quarter ended 30 September 2019. It declared a net profit of PKR357m (US$2.3m), against PKR423m earned in the same period last year. It shows profit dropped by 15.5 per cent due to a fall in revenue, which stood at PKR4.96bn from PKR5.68bn during this period. Other factors that led to the profit fall were the increase in distribution cost, administrative expenses and finance cost, says a notific... |
Raysut Cement sees 9% decline in revenue for 9M1915 October 2019, Published under Cement NewsOman’s Raysut Cement Co has announced an 8.5 per cent fall in total revenue to OMR62.13m (US$161.58m) in the nine months ended 30 September 2019, compared with OMR67.89m in the year-ago period. Profit before tax declined 65 per cent YoY to OMR1.01m in the 9M19, while profit after tax decreased 49.2 per cent to OMR1.01m from OMR1.99m. |
Carthage Cement adopts financial restructuring plan11 October 2019, Published under Cement NewsTunisian cement producer Carthage Cement has presented its 2019-23 business plan. In terms of financial restructuring Carthage Cement will carry out a capital increase of TND223,774,733 and see its share capital rise to TND395,909,146. The share issue price is TND1.20 (TND1 nominal value and TND 0.20 issue premium) and a parity of 13 new shares for 10 old shares. The financial restructuring will also include a cash contribution of TND153,729,552 with the balance by conversion of receivables.... |
Flying Cement profits recede in FY1908 October 2019, Published under Cement NewsFlying 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 3Q1908 October 2019, Published under Cement NewsSteppe 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 sales07 October 2019, Published under Cement NewsPakistan’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 FY1907 October 2019, Published under Cement NewsPioneer 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 revenue04 October 2019, Published under Cement NewsPakistan’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 industry02 October 2019, Published under Cement NewsTop 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-... |