Najran Cement reports SAR53.5m profit in 2019
Saudi Arabia’s Najran Cement Co has reported a net profit of SAR53.5m (US$14.27m) in 2019, a significant improvement upon the SAR83.5m net loss in the previous year. Sales also ...
Business Results
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Maple Leaf Cement posts loss despite increasing sales during 6MFY19-20
Pakistan-based Maple Leaf Cement Factory Ltd (MLCF) has announced its consolidated financial results for the half year ended 31 December 2019. It incurred a net loss of PKR1.76b...
Cementos Argos sees 11% rise in revenue for 2019
Colombia’s Cementos Argos saw a 11.4 per cent YoY rise in consolidated revenue to COP9.3trn (US$2.71bn) in 2019. EBITDA increased 14.3 per cent YoY to COP1.75trn, while its oper...
Thatta Cement's profits slip in 1HY19-20
Pakistan's Thatta Cement Company Ltd (THCCL) has announced its consolidated financial results for the half year ended 31 December 2019. It posted a profit of PKR116m (US$0.75m),...
Gharibwal Cement posts loss in 1HY19
Gharibwal Cement Ltd (GWLC) of Pakistan has announced its financial results for the half year ended 31 December 2019. GWLC incurred a net loss of PKR245m (US$1.58m) as compared ...
Dewan Cement profit succumbs to fall in sales in 1HY19-20
Dewan Cement Ltd (DCL) of Pakistan has announced its financial results for the half year ended 31 December 2019. It incurred a net loss of PKR172m (US$1.15m) as compared to prof...
Kuwait Portland Cement records 26% decline in profit
Kuwait Portland Cement has announced a 26.4 per cent YoY decrease in 2019 profit to KWD7.59m (US$24.88m), compared with KWD10.32m a year earlier. Operating revenue also declined...
GCC reports record 4Q19 US net sales
Grupo de Cemento de Chihuahua (GCC), the Mexican cement producer that serves cement and concrete markets in USA, Mexico and Canada had 4Q19 consolidated net sales increased 11 p...
Ambuja Cement sees revenue up 6% in the 4Q19
India’s Ambuja Cement (LafargeHolcim) has reported a 47.6 per cent YoY decline in consolidated net profit to INR7.22bn (US$100.4m) for the December 2019 quarter, against INR13.7...
Fauji Cement reports shrinkage in profit for 1HY19
Cement players in Pakistan continue to report losses due to increase in cost of sales and finance charges during first half of the current financial year 2019-20. Fauji Cement c...