Cement News tagged under: business results

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Tourah Portland Cement posts net loss in 2019

10 March 2020, Published under Cement News

Egypt’s Tourah Portland Cement has posted a net loss of EGP617.25m (US$39.3m) in 2019, compared with an EGP36.09m profit in the previous year. Total sales also declined 51.7 per cent YoY to EGP531.75m from EGP1.1bn. The company’s board of directors has reportedly stated that it has been one of the worst years for the industry due to higher supply, stronger competition and lower demand.

Suez Cement sees net loss narrow in 2019

10 March 2020, Published under Cement News

Egypt’s Suez Cement has seen its consolidated net loss narrow to EGP1.18bn (US$75.23m) in 2019 from EGP1.32bn in the previous year. However, sales declined 13.1 per cent YoY to EGP6.46bn from EGP7.43bn. In its standalone results, the company recorded a net loss of EGP1.26bn against an EGP10.69m profit in 2018.

LafargeHolcim Bangladesh profits grow in 2019

09 March 2020, Published under Cement News

LafargeHolcim Bangladesh has posted profit after tax of BDT1.737bn (US$16.24m) in 2019 as compared to BDT1.115bn in 2018.  This represents a growth of 56 per cent in profit after tax YoY, says the cpmany. The company recorded a growth of seven per cent in sales during 2019, which rose to BDT17.840bn from BDT16.632bn during this period. The company also declared 10 per cent cash dividend for 2019, which is the same as in the previous four years, as the cement maker continues to hold steady ...

Dyckerhoff Cement Ukraine sees 414% surge in profit

06 March 2020, Published under Cement News

Dyckerhoff Cement Ukraine has reported a 414.2 per cent surge in profit to UAH814.27m (US$32.7m) for 2019, against UAH158.36m in the previous year, according to the Ukrainian News Agency. The company’s total assets as of the end of 2019 also increased by 8.7 per cent YoY to UAH2.65bn.

Sagar Cements records 8% YoY fall in production

06 March 2020, Published under Cement News

India’s Sagar Cements has seen its standalone cement production fall 7.9 per cent to 207,860t in February 2020, compared to 225,751t in the year-ago period. Consolidated cement production was also down 3.6 per cent YoY to 287,833t from 298,540t. The company's standalone cement sales for the month declined 2.6 per cent YoY to 212,002t from 217,540t in February 2019. However, consolidated cement sales increased 2.4 per cent YoY to 294,518t from 287,512t.

Yanbu Cement reports 183% rise in net profit for 2019

05 March 2020, Published under Cement News

Saudi Arabia’s Yanbu Cement has reported a 182.7 per cent increase in net profit to SAR257.8m (US$68.75m) for 2019, compared to SAR91.2m in the previous year. The company’s revenue also climbed 27.2 per cent YoY to SAR975.7m from SAR767.1m.

Saudi Cement Co records 13% increase in net profit

04 March 2020, Published under Cement News

Saudi Cement Co has seen a 12.7 per cent YoY increase in net profit to SAR451.4m (US$120.37m) for the full-year 2019 period, compared with SAR400.5m in the previous year. Total sales for the company also advanced 28.6 per cent YoY to SAR1.44bn from SAR1.12bn.

CRH EBITDA up 25% in 2019

03 March 2020, Published under Cement News

CRH plc posted a six per cent advance, or three per cent like-for-like (LfL), in sales to EUR28.3bn in 2019 when compared with 2018. The company’s EBITDA increased 25 per cent (+3 per cent LfL) YoY to EUR4.2bn while it saw an EBITDA margin increase of 230 basis points. “CRH delivered good profit growth in 2019 supported by positive momentum in our heritage businesses and strong contributions from recent acquisitions. With a continuing focus on margin expansion, cash generation and enhanced ...

Sephaku Cement sees profits fall on construction activity decline

03 March 2020, Published under Cement News

Sephaku Cement (Dangote group) says it expects the next 12-18 months to be tough on the building sector. Declining numbers of new construction sites are impacting on business. The market is expected to remain subdued, Sephaku Cement said, as reflected by the 12.7 per cent decline in building plans passed for 2019, according to Stats SA data. Sephaku Cement reported profit after tax slumped to ZAR1.3m (US$83,745) in its year to end-December, from ZAR128.7m previously. It said it had sel...

Holcim Philippines posts 41% net income advance in 2019

03 March 2020, Published under Cement News

Holcim Philippines achieved a revenue of PHP33.5bn (US$660.4m) in 2019 despite a slow first half in terms of construction activity. However, the company’s operating EBITDA increased 36.7 per cent YoY to PHP6.7bn in 2019 from PHP4.9bn in 2018 as the company benefitted from initiatives to raise efficiencies and improve costs across the board. The rise was further supported by a more favourable product mix and the stable contribution of its aggregates business. The company’s full-year net in...