Cement News tagged under: business results
Vicat sees strong French volumes07 May 2019, Published under Cement NewsVicat's first-quarter turnover showed 4.7 per cent improvement to EUR600m, which represents an underlying advance of just 0.3 per cent at constant parameters and exchange rates. The cement turnover also grew by 4.7 per cent to EUR302m, as cement shipments declined by four per cent to 5Mt. Before inter-sector eliminations, the cement turnover amounted to EUR353m, a 3.3 per cent improvement. The turnover in concrete and aggregates was 6.7 per cent ahead at EUR229m, which represents an underlyi... |
Najran Cement Co posts 159% rise in net profit07 May 2019, Published under Cement NewsSaudi Cement producer Najran Cement Co reported a 159 per cent increase in net profits (after zakat and tax) to SAR6m (US$1.6m) in the 1Q19 when compared with the 1Q18, when it reported a loss of SAR10.2m. Sales revenues reached 106.5m in the first three months of 2019, up from SAR97m in the year-ago period. Total profits reached SAR22.6m, an considerable improvement when compared with the SAR9.7m reported in the 1Q18. The improved results have been attributed to an increase in sales volu... |
FLSmidth reports strong order intake in 1Q1903 May 2019, Published under Cement NewsTwo large cement orders from Paraguay and Vietnam supported Denmark-based equipment manufacturer FLSmidth’s order intake in the 1Q19. The order backlog expanded to DKK17.8bn (US$2.66bn), the highest level since 2013 and up from DKK13.9bn at the same time last year. "Our order intake and order backlog demonstrate our competitive strength. Each new order is the result of a customer's careful selection of us to deliver and install mission critical equipment or to provide important services to... |
Shanshui Cement reduces loss to CNY210.89m03 May 2019, Published under Cement NewsShanshui Cement has narrowed its loss to CNY-210.89m (US$-31.3m) for the 1Q19, according to a company statement. In the 1Q18 the company loss reached CNY-471.22m. Shanshui’s operating revenue increased by 41.5 per cent YoY to CNY2.58bn in the first quarter while its gross profit was CNY682.03m, up 43.3 per cent YoY. |
Mykolaivcement’s net profit falls to UAH174m03 May 2019, Published under Cement NewsUkrainian cement producer Mykolaivcement, indirectly controlled by CRH, has seen its net profit decline by 6.1 per cent to UAH174m (US$6.5m) in 2018, according to Ukrainian News Agency reports. Revenues slipped 3.1 per cent to UAH1.083bn YoY in 2018 while cement sales fell seven per cent to 712,000t. As a result, the company had a domestic market share of 7.9 per cent. |
Southern Province 1Q profit up 18%03 May 2019, Published under Cement NewsSaudi cement producer Southern Province Cement Co reported 17.6 per cent YoY growth in 1Q profits (after zakat and tax) to SAR120m (US$32m) in 2019. When compared with the previous quarter, profits surged 130.8 per cent from SAR52m in 4Q18. The increase in profit was attributed to a 24.8 per cent increase in sales revenues to SAR342m, a 37.3 hike in sales volume and a 9.6 per cent decline in financing costs, according to a company statement to the Saudi Stock Exchange. |
LafargeHolcim02 May 2019, Published under Cement NewsThe LafargeHolcim subsidiary Cimencam has inaugurated a 0.5Mta cement plant at Nomayos in Cameroon. Lafarge Malaysia is seeing continued weakness in demand for 2019. Prices have increased somewhat because of higher production costs, but margins remain under pressure as higher costs cannot be fully passed on. The Indian LafargeHolcim subsidiary ACC Ltd has delivered 5.6 per cent more cement in the 1Q18 at 7.5Mt and 0.94Mt of ready-mixed concrete were supply, an increase of 19 per cent.... |
Cemex02 May 2019, Published under Cement NewsCemex 1Q19 turnover declined by 6.9 per cent to US$3238.12m and EBITDA fell by 6.1 per cent to US$5561.84m. The trading profit dropped by 14.3 per cent to US$293.98m. The company's net interest charge came down by 7.1 per cent to US$189.18m and the pretax profit was reduced by 36.8 per cent to US$54.65m. The effective net debt was seven per cent lower at US$11,672m, of which 61 per cent was in US dollar, 29 per cent in euro and nine per cent in other currencies, with 70 per cent of the debt ... |
Cemex Latin American Holdings02 May 2019, Published under Cement NewsCemex Latin American Holdings' turnover declined by 11.5 per cent in the 1Q19 to US$258.2m, while EBITDA came off by 19.3 per cent to US$54.3m. At the trading level, there was a 25.4 per cent profit reduction to US$34m. After a 13.9 per cent interest charge and other items, the pretax profit showed a reduction to US$22.9m and the net attributable profit emerged at US$15.6m. Net debt at the end of March was 16.3 per cent lower than a year earlier at US$797m, giving a gearing level of 51.6 ... |
CRH02 May 2019, Published under Cement NewsCRH's underlying sales in the 1Q19 improved by around four per cent, with European turnover being ahead by 12 per cent and the Americas by four per cent. In The Phillipines volumes and price were ahead. Group EBITDA in the first half expected to be in excess of EUR1500m. First-half results will be announced on 22 August 2019. Heavy building materials volumes in Great Britain were ahead, thanks to better weather during the period. Irish volumes advanced due to good demand while cement and ... |