Cement News tagged under: business results
Attock Cement profit falls in FY1930 July 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has announced its FY19 results, reporting a net profit after tax fall to PKR2.073bn (US$12.86m) from PKR4.4bn in FY18, down 53 per cent on YoY. Along with the result, ACPL also announced a final cash dividend of PKR4/share. The topline of the company grew 26 per cent YoY during FY19 to PKR 20.781bn, led by 29 per cent YoY growth in sales volume (mainly exports), a research house commented. However, financial charges of the company swelled significantly by... |
Cemex Holdings Philippines reports improvement in 1H1929 July 2019, Published under Cement NewsCemex Holdings Philippines (CHP) saw a significant improvement in net profit for the first six months of 2019, reversing its previous PHP582m (US$11.39m) net loss to a PHP802m profit. Net sales increased four per cent during the 1H19 to PHP12.4bn, on the back of a six per cent rise in cement prices. In the second quarter alone, sales were up two per cent YoY to PHP6.1bn. However, domestic cement volumes fell two per cent due to a slowdown in construction activity. “During the first six m... |
CCNN records 166% rise in revenue for 1H1929 July 2019, Published under Cement NewsThe Cement Company of Northern Nigeria has reported a 166 per cent YoY increase in sales revenue for the first six months of 2019, rising to NGN32.1bn (US$88.8m) from NGN12.11bn. However, the cost of production also surged 138 per cent to NGN17.8bn. Profit after tax advanced to NGN7.3bn, compared with NGN2.6bn in the 1H18. In the second quarter of 2019, the company saw a revenue of NGN15.3bn while production costs reached NGN8.6bn. |
Najran Cement narrows net loss in 2Q1929 July 2019, Published under Cement NewsSaudi Arabia’s Najran Cement has narrowed its net loss to SAR2.6m (US$693,333) in the 2Q19, compared with SAR31.7m of the year-ago period. Sales rose 38 per cent YoY to SAR76.3m from SAR55.3m. The company also reported a decrease in the cost of production per tonne of cement and higher prices. |
Ciments de Bizerte posts 5% rise in 2Q turnover29 July 2019, Published under Cement NewsCiments de Bizerte posted a 4.5 per cent rise in turnover to TND22.4m (US$7.8m) in the second quarter of 2019 when compared with the equivalent period in 2018. Cement production decreased by 4.1 per cent YoY in the 2Q19 to 143,283t. However, clinker output rose 7.3 per cent YoYt to 166,810t. Following completion of annual maintenance work, the company expects a significant rise in production, sufficient to meet domestic and export demand. |
Ambuja Cement records 1.2% increase in standalone net sales29 July 2019, Published under Cement NewsIndia’s Ambuja Cement (LafargeHolcim) has announced a 1.2 per cent YoY increase in standalone net sales to INR57.59bn (US$834m) for the 1H19. EBITDA rose 2.9 per cent to INR11.62bn from INR11.29bn. However, sales volumes fell to 12.19Mt from 12.59Mt. In the second quarter, net sales declined 0.5 per cent to INR29.12bn against INR29.27bn in the year-ago period. However, EBITDA advanced 12.2 per cent to INR6.98bn from INR6.22bn. Sales volumes decreased to 5.82Mt from 6.37Mt in the 2Q18. "Am... |
Cemex Latin America sees sales fall to US$249m in 2Q1926 July 2019, Published under Cement NewsCemex Latin America Holdings SA announced consolidated net sales of US$249m in 2Q19, a YoY fall of 11 per cent in US dollar terms or by four per cent in local currency terms. Operating EBITDA reached US$46m in 2Q19, a decline of 28 per cent in US dollar terms or 23 per cent in local currency terms YoY. Domestic grey cement volumes rose by one per cent in 2Q19, while consolidated ready-mix and aggregates' volumes declined by five per cent and six per cent, respectively when compared to 2Q18.... |
Breedon Group reports 18% revenue increase26 July 2019, Published under Cement NewsUK-based Breedon Group has reported an 18 per cent YoY rise in revenue to GBP447.4m for the first six months of 2019. Pretax profit advanced 30 per cent to GBP39.5m, compared to GBP30.4m in the 1H18. Ready-mix concrete volumes fell five per cent from 1.6Mm 3 to 1.5Mm 3 , but cement sales were up from 0.9Mt to 1Mt in the 1H19. The company also saw aggregate sales climb six per cent to 9.9Mt from 9.3Mt. "The period began well, with benign weather in the first quarter and generally healthy... |
GCC announces overall increase in sales for 1H1926 July 2019, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has announced a 1.3 per cent YoY increase in sales to US$403.9m for the first six months of 2019, against US$398.8m in the year-ago period. EBITDA declined five per cent to US$109.2m, while the EBITDA margin slipped 1.8 per cent to finish at 27 per cent. The 2Q19 saw a 3.5 per cent YoY rise in sales to US$240.5m from US$232.3m. EBITDA advanced 2.2 per cent to US$70.9m in the same period. However, the company’s EBITDA margin contracted 0.4 per cent... |
Udaipur Cement Works sees 56% surge in revenue26 July 2019, Published under Cement NewsIndia’s Udaipur Cement Works has reported a 56.4 per cent YoY increase in total revenue for the 1QFY19-20 to INR2.02bn (US$29.3m), against INR1.29bn in the year-ago period. Net profit saw a considerable improvement to INR137m in the quarter ending 30 June 2019, when compared with its INR159m loss in the 1QFY18-19. |