Cement News tagged under: business results
Ramco Cements sees 50% advance in net profit23 May 2019, Published under Cement NewsIndia’s Ramco Cements has reported a 50 per cent YoY increase in net profit to INR1.65bn (US$23.68m) for the 4QFY18-19, while revenue advanced 21 per cent to INR15.43bn. For the full fiscal year, revenue was up 12 per cent YoY at INR51.87bn. However, fluctuating cement prices and increasing fuel prices meant the company saw a nine per cent fall in profits to INR5.07bn. The company’s performance in the FY18-19 was boosted by a 19 per cent rise in cement sales to 11.12Mt, compared to 9.3Mt... |
China National Building Materials (CNBM)22 May 2019, Published under Cement NewsCNBM’s net profit jumped by 176 per cent YoY to CNY2.6bn (US$376m) in the opening quarter of 2019, according to Credit Suisse. Outperforming market expectations, the rise is being attributed to a higher average selling price and strong sales volumes. |
Semen Indonesia22 May 2019, Published under Cement NewsIn April 2019 PT Semen Indonesia sold a total of 3,096,519t of cement and clinker. This compares to 3,161,372t in the previous month. Semen Indonesia contributed 2,144,359t to the April total, mainly from domestic sales (1,851,219t) but also exports (293,140t). This was slightly down on the 2,219,685t reported in March this year. A further 204,601t was added by TLCC in April, made up of 117,301t to the domestic market and 87,300t in exports. This was an improvement on the 133,541t seen in th... |
Cementos Argos22 May 2019, Published under Cement NewsIn the 1Q19 Cementos Argos sold 3.8Mt of cement, up 4.7 per cent YoY. Revenue over the same period advanced by 14 per cent to COP21.trn (US$628.5m), while operating EBITDA was up 3.7 per cent to COP311bn. However, energy costs increased by 11 per cent YoY over the quarter, mainly due to higher coal prices in Colombia and increasing electricity tariffs in Puerto Rico. In the US region Argos’ cement volumes advanced by 13 per cent YoY to 1.4Mt on the back of a double-digit increase in the D... |
Dangote Cement22 May 2019, Published under Cement NewsThe first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN240.2bn (US$668m) while EBITDA contracted by 11.2 per cent to NGN111.8bn. Nigeria: despite a subdued economy, the cement market grew by six per cent in 1Q19 with Dangote supplying almost 4Mt. Revenues, however, fell by 2.3 per cent to NGN169.9bn, EBITDA contracted by 10.4 per cent and margins fell to 60.9 per cent ... |
Anhui Conch22 May 2019, Published under Cement NewsAnhui Conch’s revenue increased by 62.5 per cent YoY to CNY30.5bn (US$4.4bn) in the opening quarter of 2019. Net profit over the same period advanced by 27.2 per cent from CNY4.77bn to CNY6.08bn. Earnings per share improved from CNY0.90 in 1Q18 to CNY1.14 in 1Q19. Meanwhile, Qarshi Conch Cement, a subsidiary of Anhui Conch, has commenced work on its new US$150m plant in Karshi, Uzbekistan. The plant, which will have a cement production capacity of 1.2Mta, is due to become operational in D... |
PT Indocement22 May 2019, Published under Cement NewsPT Indocement’s revenue increased by 8.5 per cent YoY to IDR3732bn (US$257m) in the opening quarter of 2019. EBITDA over the same period advanced by 25.9 per cent from IDR560.1bn to IDR705.2bn. The EBITDA margin expanded from 16.3 to 18.9 per cent on the back of an eight per cent increase in the selling price, two per cent uptick in volumes and a 5.6 per cent decline in fuel and power costs per tonne, according to the company. Over the three-month period, total sales volumes expanded from... |
India’s return to stability22 May 2019, Published under Cement NewsWhile India’s cement consumption saw a strong double-digit advance in 2018, such rates are unlikely to be sustainable and expectations are that consumption growth will moderate to more stable levels in 2019. Gradual improvements in capacity utilisation rates and input costs are also on the cards, while the outlook for prices still remains unclear despite an upswing in some regions at the start of this year. The Indian market is expected to moderate to more stable levels of growth in 2... |
Cementarnica Usje records 47% rise in net profit for 1Q1921 May 2019, Published under Cement NewsNorth Macedonia’s Cementarnica Usje (Titan) has announced that its consolidated net profit rose 47 per cent YoY to MKD138.8m (US$2.5m) in the first quarter of 2019. Total operating revenue increased 32 per cent to MKD851.9m in the 1Q19, while expenses advanced one per cent to MKD661.5m. Domestic market sales were up 31 per cent at MKD562.6m in the first three months of the year, while international sales surged 38 per cent to MKD266.8m. |
Asia Cement Corp announces 54% rise in net income21 May 2019, Published under Cement NewsTaiwan’s Asia Cement Corp saw a 54.4 per cent surge in net income for the first quarter of 2019 at TWD2.93bn (US$93.6m). Analysts has claimed that the results were mainly due to a strong cement business in China and non-operating income from its investments in other affiliates of its parent company, Far Eastern Group, according to the Taipei Times. Consolidated revenue in the first four months of 2019 increased 17.1 per cent YoY to TWD27.83bn. The company has stated that it was still p... |