RHI Magnesita reports resilient 1Q cement business
RHI Magnesita NV reports that the Industrial division continued to perform well in 1Q20, particularly in cement. Trading activity in the steel division remained weak in Europe a...
Business Results
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Cement Hranice records 5% sales increase
Czech Republic-based Cement Hranice saw a 4.7 per cent YoY increase in sales to CZK1.78bn (US$71.45m) in 2019. However, the company’s net profit fell 2.3 per cent YoY to CZK501m...
Arkan sees 14% decrease in net profit for 1Q20
UAE-based Arkan Building Materials has seen a 13.8 per cent fall in net profit to AED10.53m (US$2.87m) during the first quarter of 2020, compared to AED12.21m in the year-ago pe...
Pakistan’s Dadabhoy Cement Industries Ltd narrows 9M loss
Pakistan-based Dadabhoy Cement Industries Ltd reported an operating loss of PKR1.73m (US$10,796m) in the nine-month period ended 31 March 2020, compared to an operating loss of ...
Holcim Philippines sees 29% fall in net profit
Holcim Philippines has reported a 28.7 per cent fall in its net profit to PHP501.54m (US$9.93m) for the first quarter of 2020, compared to PHP703.86m in the year-ago period. Net...
Cemex's regional cement sales partially offset domestic market slump in 2019
Cemex released its 2019 20F annual report this week, which highlights a significant fall in cement volumes in the company's domestic market of Mexico before the impact of COVID-...
LafargeHolcim's net sales fall to CHF5.293bn in 1Q20
LafargeHolcim announced its 1Q20 results with net sales reaching CHF5.293bn (US$5.4bn), down 11.2 per cent from CHF5959m in the 1Q19. Recurring EBIT totalled CHF262m in the 1Q20...
Cemex sees consolidated net sales rise by 2% in 1Q20
Cemex announced a like-for-like consolidated net sales increase of two per cent during the 1Q20 to US$3.1bn compared to the 1Q19. Operating EBITDA rose by one per cent to US$534...
Anhui Conch Cement sees net profit decrease 19%
China-based Anhui Conch Cement has seen its net profit fall 19.2 per cent YoY to CNY4.91bn (US$693.3m) in the first quarter of 2020, compared to CNY6.08bn in the 1Q19. Revenue a...
Cemex Latam Holdings sees an 11% decline in 1Q20 net sales
Cemex Latam Holdings (CLH) announced consolidated net sales of US$214m in 1Q20, a decline of 11 per cent compared to 1Q19. Operating EBITDA reached US$46m in the period, down 12...