Cement News tagged under: business results

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Solusi Bangun Indonesia reviews its capex after challenging 2Q20

10 July 2020, Published under Cement News

Semen Indonesia-owned Solusi Bangun Indonesia (SBI) is reviewing its capital expenditure plans for 2020 due to the coronavirus pandemic, according to Bisnis. "The current conditions are still very dynamic, which depends on the corona virus which is still ongoing. Many government projects, such as from the Ministry of Public Works and Public Housing (PUPR), have not been running because of it " the company’s President Director, Aulia Mulki Oemar, said. While the company had prepared a IDR50...

Taiwan's producers report positive June results

10 July 2020, Published under Cement News

Taiwan’s Universal Cement Corp has reported a 28.2 per cent YoY rise in its revenue to TWD453.56m (US$15.39m) for June 2020, compared to TWD353.93m in the year-ago period. In the first half of the year, the company saw revenue increase 8.8 per cent to TWD2.59bn. Elsewhere, Chia Hsin Cement Corp saw a 27.5 per cent advance in revenue to TWD166.77m from TWD130.82m in June 2019. In the 1H20, revenue climbed 11.4 per cent YoY to TWD992.3m. In June 2020 Taiwan Cement Corp noted that its revenu...

Tangshan Jidong Cement reports fall in net profit

10 July 2020, Published under Cement News

China’s Tangshan Jidong Cement has reported its results for the first half of 2020. The company saw its net profit fall around 30.3-34.3 per cent YoY to CNY0.98-1.04bn (US$139.82-148.38m) in the 1H20. In the first half of last year, the company announced a net profit of CNY1.49bn.

Steppe Cement sells 0.76Mt of cement in 1H2020

09 July 2020, Published under Cement News

Steppe Cement of Kazakhstan reports that it sold 764,752t of cement in the 1H20 for KZT13,677m (US$33.24m), down from 780,315t for KZT10,079m in 1H19. This represents a decline of two per cent in volume and three per cent in turnover. The average price of cement in the 1H20 was KZT17,884/t, excluding VAT, compared to KZT18,042/t in the 1H19. The ex-works price declined to KZT14,727/t from KZT15,148/t in the 1H19. Kazakhstan's cement market grew by two per cent in the 1H20, compared to the ...

Lucky Cement sees 33% rise in June revenue

09 July 2020, Published under Cement News

Taiwan’s Lucky Cement has posted a 32.6 per cent rise in revenue to TWD360.6m (US$12.25m) for June 2020, compared to TWD272m in the year-ago period. In the first six months of the year, revenue advanced 28.3 per cent YoY to TWD2.23bn from TWD1.74bn.

ACC Ltd's net sales rise 6%

08 July 2020, Published under Cement News

ACC Ltd (LafargeHolcim) held its 84th AGM on 6 July via video conference and reporting its net sales in 2019 increased by six per cent to INR153.43bn (US$2.04bn) and its premium range of cement products delivered strong double-digit volume growth. ACC's ready-mix concrete business with a total of 90 plants continued to record strong growth of 12 per cent in volume terms and 13 per cent revenue growth over previous year. Focussed cost reduction initiatives resulted in operating EBITDA impro...

Lafarge Cement Zimbabwe sees revenue advance 104%

07 July 2020, Published under Cement News

Lafarge Cement Zimbabwe saw its profit for 2019 rise to US$178m, while volumes remained flat YoY at 323,000t. Gross profit increased 251 per cent to US$496m from US$141m in 2018. Kumbirai Katsande, chairman of the company, attributed the improved margins to agile pricing and disciplined cost management. The company saw its revenue advance 104 per cent YoY to US$919m in 2019, compared to US$449m in the previous year. It also started the implementation of a US$25m capex programme, which wil...

South Valley Cement posts net loss in 2019

07 July 2020, Published under Cement News

Egypt’s South Valley Cement Co reported a net loss of EGP316.35m (US$19.7m) in 2019, against a net profit of EGP10.19m in the previous year. In the first nine months of 2019, the company had seen its net loss widen to EGP173.9m from EGP16.8m in the 9M18.

Belarusian Cement Co sees sales rise 105% in 5M20

06 July 2020, Published under Cement News

Belarusian Cement Co produced 1.835Mt of cement in the January-May 2020 period, an increase of 104.7 per cent YoY. Total domestic sales also advanced 112.1 per cent YoY. Belarusian Cement Mill dispatched 656,600t of cement (up 3.6 per cent YoY), including 407,800t of domestic sales (up 13.8 per cent). OAO Krasnoselskstroymaterialy reportedly sold 568,300t of cement in the 5M20, climbing 110.2 per cent. OAO Krichevtsementnoshifer also saw sales rise 109.6 per cent YoY to 465,000t. Through t...

Najran Cement Co fully repays loan for WHR project

02 July 2020, Published under Cement News

Najran Cement Co has fully repaid the remaining amount of a SAR45m (US$12m) existing loan, which was used to finance the company's waste heat recovery project. The credit facility was originally supposed to be repaid in three instalments due on 31 December 2020, 31 March 2021, and 30 June 2021, according to a bourse filing. Following this transaction, the company now has a SAR355m loan that will be paid in instalments over five years.