Cement News tagged under: business results
DG Khan Cement's net profit falls by 47%25 April 2019, Published under Cement NewsDG Khan Cement (DGKC) has announced its unconsolidated financial results for 9MFY19. It reported net profit after tax of PKR2.62bn (US$18.5m), down 47 per cent YoY. The company's net sales surged by 30 per cent YoY to PKR 30.37bn from PKR 23.37bn during this period on the back of increases in cement prices and volumes (mainly exports), a research house remarked. Other highlights include a 46 per cent YoY increase in distribution expenses to PKR1bn, reportedly on account of a rise in exp... |
Thatta Cement's achieves net profit after tax of PKR164m25 April 2019, Published under Cement NewsThatta Cement Company Ltd (TCC), announced its financial results for 9MFY19 on 24 April. It reported net profit after tax of PKR164m (US$1.16m), down 47 per cent when compared to PKR307m in the year-ago period. TCC's net sales increased to PKR2.89bn from PKR2.17bn during this period, representing a growth of 33 per cent YoY. The company incurred higher distribution expenses of PKR208m and administrative expenses fell to PKR77m compared to PKR7m and PKR95m, respectively in nine months of t... |
PT Indocement24 April 2019, Published under Cement NewsFollowing less than five per cent growth in cement consumption in Indonesia last year and a slow start to 2019, all eyes are now on the second half of this year to boost cement demand. With the presidential elections out of the way, the country’s cement producers are hoping for an increase in demand on the back of government investment in infrastructure and housing. But oversupply and rising production costs remain a challenge. For Heidelberg-owned Indocement, overcapacity in the market o... |
UltraTech24 April 2019, Published under Cement NewsIn the quarter ending 31 March 2019, on a standalone basis, UltraTech Cement saw its domestic net sales increase by 18 per cent YoY to INR103.34bn. The domestic sales volume jumped 16 per cent YoY with the clinker capacity at Manavar, Madhya Pradesh, now operating at 100 per cent utilisation. Profit before interest, depreciation and tax came in at INR23.53bn, compared to INR18.14bn in the same period a year earlier. Variable costs during the quarter advanced by three per cent YoY on the back... |
Cementos Argos24 April 2019, Published under Cement NewsOn the back of positive net profits in 2018, Grupo Argos has announced plans to invest COP2.6trn (US$816m) in its energy, construction and cement subsidiaries in 2019. Improving its environmental performance is one area of importance to the company, which has recently opted to switch its trucks in Medellín, Colombia, to electric-powered vehicles instead. The new trucks will be powered by 600V batteries and capable of carrying 4t of cement each. Argos aims to roll out this initiative across o... |
CRH reports positive 1Q1924 April 2019, Published under Cement NewsAhead of tomorrow's AGM, CRH reports that the group has had a positive start to the year with 1Q19 like-for-like group sales seven per cent ahead of 1Q18. Sales volumes benefited from mild weather conditions and good momentum across most major markets for the group. Sales growth was also supported by pricing progress, reports CRH. Like-for-like sales for America Materials operations were four per cent up in 1Q19, while aggregate and asphalt volumes were ahead of 1Q18 due to favourable wea... |
Shiva Cement announces net loss in the 4QFY18-1924 April 2019, Published under Cement NewsIndia’s Shiva Cement has reported a net loss of INR51.2m (US$732,110) for the quarter ended March 2019, against a net profit of INR24.1m during the year-ago period. Sales declined 5.6 per cent YoY to INR84.2m from INR89.2m. For FY18-19, the company’s net loss narrowed to INR212.6m from INR310.9m. Meanwhile, sales increased 16.3 per cent to INR293.8m in the full-year period, compared with INR252.6m of the previous financial year. |
Aalborg puts Cementir on a better global footing23 April 2019, Published under Cement NewsThis week Aalborg Portland , owned by Cementir Holdings, reported a record turnover in 2018 of DKK8.895bn (US$1.37bn), the highest that the company has achieved, due to higher sales volumes following acquisitions in Belgium and the US. Aalborg’s key role Aalborg Portland's latest results highlight the importance of the Denmark-based company in supporting Cementir Holdings’ operations throughout the world. It is a key part of Cementir’s 3.3Mta white cement capacity and 20 per cent share ... |
Carthage Cement sees revenues up 3% in 1Q1923 April 2019, Published under Cement NewsTunisia-based Carthage Cement has reported a three per cent increase in revenues for the first quarter of 2019. Revenues were up to TND59.771m (US$19.889m) from TND54.862m. The company’s clinker and cement output expanded 10 and 26 per cent, respectively when compared with the 1Q18. However, clinker exports were down YoY to TND8.5m due to disruption at the ports, which led to deliveries being postponed from March to April 2019. In aggregates production increased by three per cent YoY b... |
Qassim Cement announces 2% drop in 1Q19 net profit23 April 2019, Published under Cement NewsSaudi Arabia’s Qassim Cement has announced that its net profit for the 1Q19 has fallen 2.1 per cent YoY to SAR56m (US$14.93m) from SAR57.2m. The company also reported that its sales for the first quarter increased 3.7 per cent to SAR153.4m, compared with SAR147.9m of the year-ago period. |