Sumitomo Osaka Cement sees 55% increase in net profit
Japan’s Sumitomo Osaka Cement has seen a 54.5 per cent YoY increase in net profit to JPY7.7bn (US$70.05m) for the nine-month period ended December 2019. Total sales saw a 3.3 pe...
Business Results
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Taiheiyo Cement records 10.4% decline in net profit
Japan’s Taiheiyo Cement has seen a 10.4 per cent YoY decline in net profit to JPY30.5bn (US$277.5m) for the nine-month period ending 31 December 2019. Sales were also down 4.3 p...
Star Cement reports 18% decline in net profit
India’s Star Cement has reported an 18.2 per cent decline in net profit to INR459.2m (US$6.4m) in the quarter ending 31 December 2019, compared with INR561.4m in the year-ago pe...
Sagar Cements reports 2% increase in production for January
India’s Sagar Cements has reported a 1.7 per cent YoY increase in standalone cement production for January 2020, rising to 228,455Mt from 224,607Mt in the year-ago period. Conso...
Eagle Materials reports a 5% revenue increase
US-based Eagle Materials has reported a five per cent YoY increase in revenue to US$350.2m for the quarter ending 31 December 2019. However, the company posted a net loss of US$...
SCG sees 14% revenue increase from Cambodian operations
Thailand's Siam Cement Group has reported a 13.9 per cent YoY increase in sales revenue from its Cambodian operations in 2019, rising to US$451m from US$396m in the previous yea...
Qassim Cement sees net profit treble in 2019
Saudi Arabia-based Qassim Cement Co reported a 83.7 per cent increase in revenue to SAR781.9m (US$208.5m) in 2019 from SAR425.7m in 2018. The company net profit after zakat and ...
Tokyo Cement Co (Lanka) Ltd sees revenues fall in 4Q19
Tokyo Cement Co (Lanka) Ltd earned profits of LKR257m (US$1.42m) in the December quarter. Revenues fell 13 per cent to LKR8.2bn in the quarter, but cost of sales fell at a faste...
Birla Corp sees 200% rise in net profit
India’s Birla Corp has announced a 200 per cent YoY increase in its net profit to INR810m (US$11.32m) for the 3QFY19-20, while revenue advanced 10.7 per cent to INR17.35bn. EBIT...
Cemex Holdings Philippines raises PHP12.7bn from SRO
Cemex Holdings Philippines completed a stock rights offering last week, raising PHP12.77bn (US$250.6m) from selling 8.29bn common shares. The proceeds are expected to be used to...