Cement News tagged under: business results
Sumitomo Osaka sees 3% fall in net profit07 August 2019, Published under Cement NewsJapan’s Sumitomo Osaka Cement has announced a 2.5 per cent YoY fall in net profit to JPY2.1bn (US$19.7m) for the quarter ending 30 June. Sales were down by 2.1 per cent to JPY58.9bn while pretax profit decreased 10.6 per cent to JPY3bn. However, operating profit saw a 3.5 per cent increase to JPY2.8bn. The company has forecast a 53.9 per cent rise in net profit to JPY12bn for the full fiscal year ending March 2020. Sales are expected to advance 2.5 per cent to JPY257.4bn and pretax profit ... |
Arkan sees 55% net profit increase in 1H1906 August 2019, Published under Cement NewsUAE-based Arkan Building Materials has announced a 55 per cent YoY increase in net profit to AED33.8m (US$9.2m) for the 1H19. The positive result has been attributed to cost management schemes, the award of an insurance claim and proceeds from the Emirates Cement Factory sale. However, group revenue declined 8.9 per cent to AED458.9m, compared with AED503.8m in the 1H18. The fall was a result of market price pressure as export markets saw a slowdown, according to the company. |
Mangalam Cement posts record quarterly profit06 August 2019, Published under Cement NewsIndia’s Mangalam Cement has reported a record net profit of INR330m (US$4.66m) for the quarter ending 30 June, following an INR150m net loss in the year-ago period. Operational revenue surged 31 per cent YoY to INR3.33bn from INR2.55bn, while the EBITDA margin improved to 20.4 per cent from 1.9 per cent. |
Sharjah Cement sees 85% drop in profit for 1H1906 August 2019, Published under Cement NewsUAE-based Sharjah Cement has seen an 84.7 per cent YoY fall in profit to AED2.54m (US$691,626) for the 1H19, compared with AED16.55m in the year-ago period. The company also reported an 8.5 per cent decline in revenue to AED291.43m from AED318.48m. In the 2Q19, profits slipped 60.2 per cent to AED1.74m from AED4.37m. Revenue decreased 5.1 per cent to AED138.31m, against AED145.81m in the 2Q18. |
HeidelbergCement reports challenging environment in 1H1905 August 2019, Published under Cement NewsThis week HeidelbergCement released its 1H19 results, which were impacted by falling volumes in Ukraine, USA and Egypt. Nevertheless, the group saw evenues up by seven per cent and price increases of just under six per cent. The group's cement and clinker sales volume decreased by 1.4 per cent to 61Mt in 1H19. Deliveries of aggregates rose by 0.3 per cent to 145.6Mt in 1H19 and sales of ready-mixed concrete increased by 6.3 per cent to 24.4Mm 3 in the 1H19. "Despite a persistentl... |
Buzzi Unicem reports strong 1H EBITDA05 August 2019, Published under Cement NewsBuzzi Unicem's first-half turnover improved by 13.6 per cent to EUR1518.7m and EBITDA rose by 26.9 per cent to EUR288.6m. Group cement deliveries improved by 7.1 per cent to 13.9Mt, but ready-mixed concrete deliveries eased by 0.5 per cent to 5.8Mm³. The first-half results include a EUR12.3m non-recurring benefit arising from the first time adoption of IFRS 16. The depreciation and impairment charges increased by 18.3 per cent to EUR123m and the 1H trading profit advanced by 34.1 per cent... |
JK Cement reports 212% increase in net profit05 August 2019, Published under Cement NewsIndia’s JK Cement has reported a 211.8 per cent YoY increase in standalone net profit for the quarter ending 30 June, rising to INR1.53bn (US$21.86m) from INR493.2m. Net revenue of the company rose 19 per cent to INR132.7bn from INR111.5bn. During the April-June quarter, operating expenses advanced 6.1 per cent to INR102.4bn from INR9.65bn. However, operating profit surged 102 per cent to INR30.3bn, compared with INR1.5bn in the year-ago period. |
Arabian Cement Co signs petcoke supply deal05 August 2019, Published under Cement NewsEgypt’s Arabian Cement Co has signed an agreement with Egyptian Refining Co, a subsidiary of Qalaa Holdings, for the supply of 272,155t of petcoke. "This agreement aligns with Arabian Cement Co’s efforts to reduce production costs, and highlight our leading market position in implementing projects and signing agreements with key industry partners," said Sergio Alcantarilla, CEO of ACC. According to Mr Alcantarilla, the agreement will help diversify the company's energy sources and result... |
Kuwait Portland Cement sees slight fall in 2Q19 profit05 August 2019, Published under Cement NewsKuwait Portland Cement has noted a 0.7 per cent YoY decline in profit for the 2Q19 to KWD1.52m (US$5m), compared with KWD1.53m in the corresponding period of last year. However, the company’s net profit for the first half of the year increased 3.2 per cent to KWD5.57m from KWD5.4m, according to a statement to the Boursa Kuwait. |
Qassim Cement sees 2Q profit rise05 August 2019, Published under Cement NewsSaudi cement producer Qassim Cement reported a net profit after zakat and tax of SAR70.5m (US$18.8m), a 383 per cent increase YoY, when net profit reached SAR18.4m, according to Reuters. Second-quarter sales surged from SAR88.1m in the 2Q18 to SAR154.5m in the 2Q19. The rise in sales was driven by an increase in average selling prices. |