Cement News tagged under: business results
China Resources Cement sees 7% fall in net profit in 1H1912 August 2019, Published under Cement NewsChina Resources Cement has reported a 6.5 per cent YoY drop in net profit to HKD3.77bn (US$480.8m) for the first six months of 2019, against HKD4.03bn in the corresponding period of last year. The company has attributed the results to falling sales of cement, clinker and concrete amid a slowing Chinese economy. Revenue declined six per cent to HKD17.41bn in the 1H19. The company has noted that it will continue to seek partnerships with domestic and overseas companies, according to a state... |
China Shanshui Cement records 75% increase in net profit12 August 2019, Published under Cement NewsChina Shanshui Cement has seen a 75 per cent YoY rise in net profit to CNY1.19bn (US$168.5m) for the first half of 2019, which it has attributed to higher cement sales. Revenue in the 1H19 increased 39.6 per cent to CNY9.44bn, compared with CNY6.76bn in the year-ago period. However, the company expects cement demand to slow in the second half as real estate development sees a slowdown in the country. |
UltraTech Cement announces 91% rise in consolidated profit09 August 2019, Published under Cement NewsIndia’s UltraTech Cement Ltd has announced a 91 per cent YoY growth in consolidated net profit to INR12.08bn (US$171.2m) for the quarter ending 30 June, compared with INR6.31bn in the year-ago period. Net sales increased 15 per cent to INR100bn, while EBITD surged 61 per cent to INR28.4bn from INR17.6bn. Standalone net sales rose 15.5 per cent YoY in the 1QFY19-20, reaching INR96.48bn from INR83.54bn. The company more than doubled its net profit which soared to INR11.99bn from INR5.98bn. E... |
Loma Negra sees 2% drop in 2Q revenue but EBITDA up09 August 2019, Published under Cement NewsArgentina-based Loma Negra reported a 2.2 per cent YoY drop in 2Q net revenue to ARS7.47bn (US$165m) while consolidated adjusted EBITDA increased 7.1 per cent YoY to ARS1.929bn, according to Wall Street Online. The rise in EBITDA was attributed mainly to the cement, masonry and lime segment in Argentina but was also supported by growth across the company’s other key segment. Moreover, it was partially offset by non-recurrent production footprint adequacy cost of around ARS188m, without whi... |
Saurashtra Cement posts rising 1Q net profit09 August 2019, Published under Cement NewsIndia-based Saurashtra Cement reported a consolidated revenue from operations of INR1.51bn (US$21.4m) in the 1QFY19-20 (ended 30 June 2019), down 10.1 per cent from INR1.68bn in the year-ago period. The company’s 1QFY19-20 net profit jumped to INR156.1m in the April-June 2019 quarter from INR49.4m in the previous-year’s equivalent quarter. |
Al Jouf Cement reports 2Q profit09 August 2019, Published under Cement NewsSaudi cement producer Al Jouf Cement posted sales of SAR46.2m (US$12.3m) in 2Q19, representing a 70 per cent rise when compared with 2Q18 when sales reached SAR27.2m, according to Reuters. Net profit after zakat and tax in the second quarter rose to SAR0.1m, a significantly improved performance when compared with 2Q18 when the company posted a loss of SAR13.7m. The rise in profit has been attributed to and increased sales volume and average selling price. |
FLSmidth sees 16% increase in revenue for 2Q1908 August 2019, Published under Cement NewsFLSmidth’s order intake for the second quarter of 2019 reached DKK4.95bn (US$751.5m), a modest decrease of two per cent YoY. Orders included a large cement plant in Morocco and a significant mining order in Australia. The order backlog stood at DKK16.76bn by the end of the quarter, up 16 per cent from the 2Q18. Revenue increased 16 per cent to DKK5.47bn, attributed to the strong order intake and build-up of order backlog in recent quarters. EBITA advanced 28 per cent to DKK487m, while the... |
Yura records 43% decline in 2Q19 profit08 August 2019, Published under Cement NewsPeru’s Cementos Yura (Gloria Group) has reported a 43 per cent YoY fall in profit to PEN56.5m (US$16.67m) for the second quarter of 2019. Cement sales were down 0.3 per cent to PEN231.3m in the 2Q19, while dispatches to external markets fell 22 per cent. Production between April-June reached 602,031t, decreasing five per cent compared to the year-ago period. In particular, clinker production fell 18 per cent to 331,707t due to a scheduled maintenance halt. However, results are expected ... |
Dangote Cameroon sees 7% sales drop08 August 2019, Published under Cement NewsDangote Cameroon has posted a 7.1 per cent drop in sales in the 1H19 when compared with the 1H18. "Our 1.5Mta clinker mill in Douala sold about 0.6Mt of cement in the first half of 2019, down 7.1 per cent from 0.64Mt sold in the first half of 2018. We estimate that our market share was 40 per cent during the period, "says Dangote. "The decrease in our sales can be attributed to persistent security concerns in the North West and Southwest regions, which resulted in a reduction in activity, ... |
Eagle Cement Corp announces 44% rise in net profit07 August 2019, Published under Cement NewsPhilippines-based Eagle Cement Corp has announced a 44 per cent YoY rise in net profit for the first six months of 2019 to PHP8.2bn (US$156.7m), while also reporting a 21 per cent increase in sales volume and higher selling prices. In the 2Q19 net income surged 39 per cent to PHP1.7bn and revenues showed 22 per cent growth to PHP5.1bn. "We will continue to leverage on the growing [demand for] local cement, led by the private sector, and supported by the infrastructure push of the gover... |