Cement News tagged under: business results
Titan26 September 2019, Published under Cement NewsIn the first half of 2019, Titan Group recorded growth in sales revenue in all regions, with the exception of the eastern Mediterranean sales region. Consolidated turnover for the group reached EUR785.4m, up 10.2 per cent on the 1H18. This is attributed to the strong performance of the US market, growth in demand in southeastern Europe, and a modest recovery of sales in the group’s Greek operations. EBITDA remained flat YoY at E122.2m as the persistent challenging conditions in both Egypt... |
Votorantim26 September 2019, Published under Cement NewsVotorantim Cimentos has reported a 3.7 per cent YoY increase in its consolidated net revenue from goods sold and services in the opening half of this year to BRL5.822bn (US$1.403bn). Gross profit over the same period contracted 7.1 per cent to BRL825.3m on the back of a 5.8 per cent YoY uptick in the cost of goods sold and services. Operating profit in the 1H19 expanded by 54.8 per cent YoY to BRL517.4m, while net profit improved significantly, rising to BRL118.9m from a loss of BRL290.9m in... |
Cementir26 September 2019, Published under Cement NewsIn the first half of 2019, Cementir Holding SpA reported revenue from sales and services of EUR591m, down 0.6 per cent on the same period last year. EBITDA advanced by 14.7 per cent YoY to EUR110m, while the EBITDA margin increased from 16.31 per cent in the 1H18 to 18.59 per cent in the 1H19. Over the six-month period, volumes of cement and clinker sold, including white cement, came in at 4.3Mt, a contraction of 12.2 per cent YoY. This was mainly due to the negative trend in Turkey, partial... |
Vicat26 September 2019, Published under Cement NewsVicat’s consolidated sales in the 1H19 fell 0.6 per cent YoY, at constant scope and exchange rates, to EUR1340m. EBIT also contracted, down by eight per cent to EUR97m, compared to EUR107m in the 1H18. Vicat’s home market of France saw strong activity in the infrastructure, industrial and commercial markets, offsetting the contraction in the residential sector. Overall sales came in at EUR500m in the 1H19, up 5.1 per cent YoY, at constant scope and exchange rates, with cement sales advancing... |
Buzzi Unicem26 September 2019, Published under Cement NewsVery mild weather conditions and favourable exchange rates delivered better-than-expected results for Buzzi Unicem in the first half of 2019. Consolidated sales were 13.6 per cent ahead YoY at EUR1518.7m, while EBITDA recorded a 26.9 per cent YoY advance to EUR288.6m. Overall cement sales volumes expanded by 7.1 per cent in the 1H19 to 13.9Mt, compared to 12.9Mt in the same period a year earlier. Meanwhile, ready-mixed concrete (RMC) sales slid by 0.5 per cent YoY, to 5.8Mm 3 . Sales of h... |
CRH26 September 2019, Published under Cement NewsIn the first six months of 2019, CRH reported an 11 per cent YoY uptick in sales revenue to EUR13,217m EBITDA over the same period expanded by 36 per cent to EUR1540m (19 per cent ahead excluding IFRS 16 leases), with the EBITDA margin advancing from 9.5 per cent in the 1H18 to 11.7 per cent in the 1H19. Trading for the six-month period benefitted from a positive underlying demand backdrop in both Europe and North America, according to the company. In Americas Materials, like-for-like (Lf... |
Semen Indonesia26 September 2019, Published under Cement NewsIn August 2019 the Semen Indonesia group sold a total of 3,960,297t of cement and clinker. This compares to 3,820,717t in the previous month. Semen Indonesia contributed 2,788,895t to the August total, a contraction of 3.96 per cent YoY, mainly from domestic sales (2,465,795t) but also exports (323,101t). TLCC added a further 141,520t, a YoY decline of 29.77 per cent, made up of 125,019t to the domestic market and 16,501t overseas. PT Solusi Bangun Indonesia (SBI) sold 1,029,882t in Augus... |
Votorantim Cimentos reports positive 2Q net results26 September 2019, Published under Cement NewsVotorantim Cimentos saw its consolidated net revenues from goods sold and services rendered increase 3.7 per cent to BRL5.822bn (US$ 1.403bn) in the first half of 2019 when compared with the 1H18 when net sales reached BRL5.612bn, according to a company statement. However, as cost of goods sold and services rendered was up 5.8 per cent from BRL4.724bn in the 1H18 to BRL4.997bn in January-June 2019, gross profits were down 7.1 per cent from BRL888.1m in the 1H18 to BRL825.3m in the January... |
LafargeHolcim Maroc announces net profit up 9% in 1H1925 September 2019, Published under Cement NewsLafargeHolcim Maroc has reported sales of MAD3.89bn (US$401.4m) in the 1H19, up 0.2 per cent YoY. The company’s operating profit increased 10.6 per cent YoY to MAD1.65bn while net consolidated profit appreciated 8.6 per cent to MAD965m. Return on capital investment reached 11.6 per cent. "Cement volumes are up 2.1 per cent in a market due to low rainfall at the beginning of the year, while sales on certain activities including the export of clinker and trading are down," explained the com... |
Dewan Cement posts losses in FY1925 September 2019, Published under Cement NewsDewan Cement Ltd (DCL) of Pakistan has announced its financial results for FY19 today. DCL incurred a net loss of PKR275m (US$17,608) as compared to profit of PKR902m earned in the same period last year. Apparently, decline in sales and increase in taxes, induced the profit to fall during the reporting period. DCL incurred a lesser distribution cost to PKR139m against PKR156m experienced in the same period last year. However, the administrative cost was increased to PKR701m in FY19 from PK... |