Cement News tagged under: business results
YTL Corp returns to profit in the 4QFY1930 August 2019, Published under Cement NewsMalaysia’s YTL Corp Bhd posted a net profit of MYR2.44m (US$578,705) for the 4QFY19, against a net loss of MYR63.54m in the year-ago period. Revenue increased 20 per cent to MYR5.04bn from MYR4.2bn in the 4QFY18. Except for its property and utilities business segments, the company recorded positive growth in profit before tax (PBT) in all its business divisions during the quarter. The construction division's PBT rose 63 per cent YoY to MYR44.7m, while cement manufacturing and trading's PB... |
Cahya Mata Sarawak sees decline in 1H19 net profit29 August 2019, Published under Cement NewsMalaysia's Cahya Mata Sarawak Bhd (CMS) recorded a 54.9 per cent decline in net profit to MYR41.33m (US$9.79m) for the 2Q19, compared with MYR91.63m in the year-ago period. However, revenue showed a modest increase to MYR399.17m from MYR395.28m. In the 1H19, net profit decreased 37 per cent to MYR82.1m, while revenue rose 8.9 per cent to MYR817.35m. The company has attributed the lower earnings to the higher cost of imported clinker and coal for its cement division, which is expected to ne... |
Vassiliko Cement sees 9% increase in total income29 August 2019, Published under Cement NewsCyprus’ Vassiliko Cement has seen an 8.9 per cent YoY increase in total income to EUR53.99 for the first six months of 2019, compared with EUR49.6m in the year-ago period. Profit after tax advanced 13.5 per cent to EUR10.1m from EUR8.9m in the 1H18. The company expects to exceed the previous year’s total income of EUR97.9m in the full-year period. |
PT Indocement28 August 2019, Published under Cement NewsPT Indocement saw its total sales volumes increase by 0.7 per cent YoY to 8.4Mt in the first half of 2019. Although domestic sales remained largely unchanged, export volumes jumped by 190 per cent YoY from 29,000t in the 1H18 to 84,000t in the same period this year. Consolidated net revenue for the company improved by 7.7 per cent YoY in the 1H19 to IDR6982bn (US$489.7m), while EBITDA grew by 34.5 per cent to IDR1178.2bn. The EBITDA margin, meanwhile, advanced from 13.5 to 16.9 per cent. ... |
Cementos Argos28 August 2019, Published under Cement NewsCementos Argos has reported a 10.6 per cent YoY increase in revenue to US$1.419m in the opening half of 2019. Over the same period, net profit advanced by 33.5 per cent to US$22m, while EBITDA improved by four per cent to US$262.4m. Cement shipments during the six-month period came in at almost 8Mt, up 1.2 per cent YoY, with concrete dispatches of 5Mm 3 , down 2.5 per cent YoY due to heavy rainfall. The 1H19 also saw the company complete the sale of its stake in OMYA Andina and Cartón de Col... |
PT Semen Indonesia28 August 2019, Published under Cement NewsSemen Indonesia’s gross margin improvement in the 1H19 is being seen as indicative of a recovery in the Indonesian cement industry, according to Fitch Ratings. A report in the Singapore Business Review states that the industry has suffered six months of margin erosion due to oversupply. However, lower coal prices and improving average selling prices (ASP) have led to a recovery in margins for a number of the country’s cement producers, including Semen Indonesia, which saw its gross margins a... |
Anhui Conch28 August 2019, Published under Cement NewsIn the six months ending 30 June 2019, Anhui Conch reported revenue of CNY71.64bn (US$10.01bn), up 56.6 per cent YoY. Profit attributable to equity shareholders came in at CNY15.28bn over the same period, an increase of 17.8 per cent YoY. The increase is being partly attributed to bulk procurement of raw materials and fuel, in the face of rising prices, and optimised resource allocation, leading not only to improved results but also better operational quality. Over the same period, the co... |
China National Building Materials (CNBM)28 August 2019, Published under Cement NewsIn the first half of 2019, CNBM’s subsidiary Sinoma International reported a 12.38 per cent YoY jump in operating income to CNY11.33bn (US$1.58bn). Net profit over the same period advanced by 16.1 per cent to CNY752m. Meanwhile, CNBM’s Beijing New Building Materials (BNBM) subsidiary saw an 0.8 per cent YoY increase in operating income to CNY6.04bn over the same six-month period, while its net profit fell from a profit of CNY1.29m in the 1H18 to a loss of CNY691.4m a year later. According... |
UltraTech Cement28 August 2019, Published under Cement NewsUltraTech Cement, an Aditya Birla Group company, almost doubled its net profit in the quarter ending 30 June 2019, on the back of merger synergies and improved operational efficiency. Consolidated net profit for the three-month period came in at INR12.08bn (US$168.4m), up 91 per cent YoY from INR6.31bn, while profit before interest, depreciation and tax advanced from INR17.6bn to INR28.4bn. Its Nathdwara Cement company has now completed a major overhaul of its plants, which have “achieved... |
Adelaide Brighton achieves 1H19 revenue of AUD755.7m28 August 2019, Published under Cement NewsAdelaide Brighton recorded 1H19 revenue of AUD755.7m (US$506.1m), down 6.3 per cent on 1H18 due to a softening of residential and construction demand. EBIT stood at AUD85.2m, presenting a decrease of 31 per cent, driven by rising material input costs and competitive pressures. Australia's residential construction approvals fell 25.6 per cent in the six months to June 2019, while construction is projected to hit a low in 2021. Cement sales volumes fell by eight per cent with a decline in th... |