Cement News tagged under: business results
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. |
Titan Group's 1H19 results bolstered by USA02 August 2019, Published under Cement NewsTitan Group recorded a turnover of EUR785.4m in 1H19, up 10.2 per cent on 1H18. This was attributed to a strong performance in the US market and growth in cement demand in southern Europe, along with a return to modest sales in Greece. EDITDA remained flat at EUR122.2m following challenging conditions in Egypt and Turkey, while group net profit after minority interests and taxes amounted to EUR13.3m versus EUR24.8m in 1H18. Consolidated turnover in 2Q19 for the group reached EUR422.7m, up ... |
Vicat sees poorer results in Turkey and Switzerland02 August 2019, Published under Cement NewsVicat's first-half turnover advanced by 4.6 per cent to EUR1340m but eased by 0.6 per cent on a comparative basis. EBITDA improved by 1.7 per cent to EUR228 while the margin eased from 17.5 per cent to 17 per cent. The trading profit declined by 9.4 per cent to EUR97m, while the net interest charge was EUR6m higher at EUR22m, giving an attributable profit 20.7 per cent lower at EUR46m. Cement deliveries were down by 4.9 per cent to 10.81Mt and the share of turnover from cement eased ma... |
Dalmia Bharat reports 192% increase in net profit02 August 2019, Published under Cement NewsIndia’s Dalmia Bharat Ltd has reported a 192.3 per cent YoY increase in consolidated net profit for the quarter ending 30 June, rising to INR1.52bn (US$21.82m) from INR520m. EBITDA was up 27.3 per cent to INR6.66bn from INR5.23bn. Total revenue advanced 7.1 per cent to INR25.81bn, compared with INR24.11bn in the 1QFY18-19. Cement sales volumes were fairly consistent with the year-ago period at 4.55Mt from 4.51Mt, with the flat YoY growth attributed to general elections spanning the first t... |
Saudi Cement producers profits recover in 2Q1902 August 2019, Published under Cement NewsSaudi Cement posted net income of SAR92.3m (US$24.613m) in 2Q19 and profits were up 59 per cent in the period compared to 2Q18, but declined by 30.3 per cent compared to 1Q19. The company recorded cement sales of SAR338.6m and received average prices of SAR217.6/t. "The YoY increase is mainly attributed to improved selling price and volumetric sales, despite an increase in administrative expenses. Deviation in 2Q earnings from our estimates is mainly ascribed to higher-than-expected cost... |
Gulf Cement Co posts net loss in 2Q1902 August 2019, Published under Cement NewsUAE-based Gulf Cement Co has posted an AED598,270 (US$162,905) net loss in the 2Q19, compared to an AED8.4m profit in the year-ago period. Sales costs increased to AED107m from AED101m. In the first half of 2019, profit saw a considerable decline of 84 per cent YoY to AED856,500. The company attributed the fall to a two per cent decrease in revenue and a 25 per cent rise in general, administrative and selling expenses to AED12m. |
Holcim Philippines sees 28% fall in sales for 2Q1901 August 2019, Published under Cement NewsHolcim Philippines has reported a 17 per cent YoY fall in net attributable profit to PHP716.15m (US$13.98m) for the 2Q19, while sales dropped 28 per cent to PHP7.28bn. In the first half of 2019, attributable profit declined nine per cent to PHP1.42bn and sales decreased 18 per cent to PHP15.38bn. However, EBITDA advanced 9.5 per cent to PHP3bn. "We continued to deliver value to our customers and shareholders by sustaining actions to manage our costs and improve operational efficiency de... |
Lafargeholcim Bangladesh reports 46% net profit surge01 August 2019, Published under Cement NewsLafargeHolcim Bangladesh has announced a 46 per cent YoY increase in net profit for the second quarter of 2019, according to a recent statement. The company also saw a 15.4 per cent rise in revenue to BDT4.5bn (US$52.9m) for the 2Q19, compared to BDT3.9bn of the year-ago period. "The 2Q19 results demonstrate the strong performance trend which continues from 2018. Our focus on raising profitability through commercial innovation, operational efficiency and cost control continues to pay off.... |
SCG reports falling revenue in Vietnam01 August 2019, Published under Cement NewsThailand’s Siam Cement Group (SCG) has seen a seven per cent YoY drop in its revenue from sales in Vietnam to VND7.9trn (US$339m) in the 2Q19, according to Vietnam News. Revenue from sales in Vietnam finished at VND14.6trn in the 1H19, consistent with the year-ago period, and accounted for nine per cent of the group’s total revenue. Currently, the company’s assets in Vietnam are valued at VND55.75trn. |