Cement News tagged under: business results
PPC reports revenues of ZAR10.4bn in FY1901 July 2019, Published under Cement NewsPPC has reported revenue up one per cent in the FY19 ended 31 March, rising to ZAR10.4bn (US$772.7m), while EBITDA increased four per cent to ZAR1.9bn. PPC's overall cement volumes rose by one per cent to 5.9Mt. South Africa's cement market (including Botswana) as a whole saw a decline of 2-3 per cent in sales but the inland market remains competitive, according to the company. The coastal markets were impacted by increased imports which rose by 84 per cent in 2018 to 1Mt. Production cost... |
PT Indocement27 June 2019, Published under Cement NewsCement consumption in Indonesia is expected to grow by 6-8 per cent YoY in the second half of 2019, according to PT Indocement. For the full year 2019 the growth figure is forecast to be between 3-4 per cent, with consumption mainly driven by infrastructure projects. Commercial and residential projects due to start in the 2H19 will add to demand, while the residential property market is expected to see a boost with the reduction in tax on high-end housing and a relaxation of the loan-to-valu... |
PT Semen Indonesia27 June 2019, Published under Cement NewsIn May 2019 the Semen Indonesia group sold a total of 3,353,940t of cement and clinker. This compares to 3,058,721 in the previous month and 2,840,181t in May 2018. Semen Indonesia contributed 2,320,344t to the May total, a contraction of 9.71 per cent YoY, mainly from domestic sales (1,992,823t) but also exports (327,521t). TLCC added a further 204,601t, a YoY decline of 24.28 per cent, made up of 117,301t to the domestic market and 87,300t overseas. PT Solusi Bangun Indonesia (SBI) sold... |
Sephaku Cement set to increase prices this month27 June 2019, Published under Cement NewsSouth Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," said Sephaku Holdings, 36 per cent owner of Sephaku Cement, in a statement. The company will incre... |
PPC announces new CEO and delays annual results presentation27 June 2019, Published under Cement NewsSouth Africa’s PPC has appointed Roland van Wijnen as its new CEO after a search that began in November 2018 when Johan Claassen announced he would be retiring from the role. "We are pleased to have secured Roland, a Dutch national, whose listed company experience and exposure to international global best practice will broaden the management practices of PPC. He has a detailed knowledge of the cement sector. He is up-to-speed with our strategic imperatives and will advance the process with... |
Lafarge Africa narrows loss to NGN8.8bn in 201821 June 2019, Published under Cement NewsLafarge Africa reported a NGN8.8bn (US$24.4m) loss in 2018, compared with NGN34.39bn in the previous year. The company’s audited results have been released, showing revenue of NGN308bn, up from NGN299bn in 2017. Finance costs increased to NGN45.973bn from NGN43.217bn, while loss before tax reached at NGN19.508bn. A tax credit of NGN10.707bn reduced the loss after tax to NGN8.802bn. Lafarge will sell its entire stock of issued share capital in Lafarge South Afria Holding Ltd to Caricement ... |
VICEM reports 5% rise in 1H sales20 June 2019, Published under Cement NewsState-owned Vietnam Cement Industry Corp (VICEM), the country’s leading cement producer, is estimated to have sold 14.98Mt of cement and clinker in the first half of 2019, representing a five per cent YoY increase. The total includes 13.1Mt of cement, up 11.4 per cent YoY, and 1.87Mt of clinker, a 25 per cent YoY drop. In the 1H19 VICEM’s pretax profit is estimated to have surged 62.3 per cent YoY to VND1.66trn (US$71.2m) on a revenue of VND17.64trn, up 4.3 per cent YoY, according to Vie... |
Bulgaria’s Zlatna Panega swings to BGN2.7m net profit20 June 2019, Published under Cement NewsTitan-owned Zlatna Panega Cement reported a non-consolidated net profit of BGN2.7m (US$1.6m) in 2018, a significantly-improved result when compared with the non-consolidated net loss of BGN-6.8m the previous year. The Bulgaria-based cement producer saw its sales revenue increase 8.6 per cent to BGN90.5m from BGN83.3m in 2017 on the back of a 17.1 per cent YoY rise in cement sales from BGN63.3m to BGN74.1m. Cost of goods decreased by 3.6 per cent to BGN77.4m in 2018 from BGN80.3m in 2017 ... |
Tanzania Portland Cement reports increased profits for 201812 June 2019, Published under Cement NewsTanzania Portland Cement (TPC PLC), also known as Twiga Cement, recorded a 28 per cent YoY increase in operating profit for 2018, rising to TZS80.06bn (US$34.8m) from TZS62.67bn. The growth in profit has been attributed to a 28 per cent increase in revenue and higher clinker production, despite that selling and administrative expenses were also up nine per cent YoY. "2018 was also critical to consolidate the processes and the organisation at country level, but also a good opportunity for T... |
Chia Hsin Cement Corp posts 21% fall in revenues in May11 June 2019, Published under Cement NewsChia Hsin Cement Corp reported a 21.2 per cent decrease in revenues to TWD146.5m (US$4.67m) in May when compared with May 2018, when revenues reached TWD185.9m was posted. For the first five months of 2019, revenues declined by 8.2 per cent to TWD760m from TWD828m in the 5M18. |