Cement News tagged under: business results
LafargeHolcim reports positive 201807 March 2019, Published under Cement NewsLafargeHolcim has announced that its net sales increased 5.1 per cent on a like-for-like basis to CHF27,466m (US$27,344m) for 2018. Recurring EBITDA finished at CHF6016m, up 3.6 per cent like-for-like for the full-year period, after a positive performance by the company’s cement, aggregates and ready-mix concrete segments. Net income advanced 10.8 per cent YoY to CHF1569m, compared with CHF1417m of 2017. Group sales of cement rose 4.4 per cent like-for-like at 221.9Mt, while aggregates show... |
Eagle Cement records net profit increase in 201807 March 2019, Published under Cement NewsPhilippines-based Eagle Cement Corp has recorded a 13 per cent YoY rise in net profit to PHP4.8bn (US$91.98m) in 2018, on the back of a double-digit expansion in sales volume. Net sales advanced 11 per cent YoY to PHP16.5bn for the full-year period. In the 4Q18, the company’s net income surged 36 per cent YoY to PHP1.3bn while sales increased 19 per cent to a quarterly record of PHP4.3bn. "While we are faced with challenges in the industry, we remain steadfast to expand the company to ... |
Suez Cement returns to profitability in 201807 March 2019, Published under Cement NewsEgypt’s Suez Cement reported a net profit of EGP121.43m (US$6.95m) in its full-year 2018 consolidated results, compared with a loss of EGP1.13bn in the previous year. Sales increased 14.9 per cent YoY to EGP7.42bn from EGP6.46bn. The company’s standalone profit also increased to EGP199.86m for 2018, against a loss of EGP441.79m in 2017. |
City Cement reports 19% profit increase for 201805 March 2019, Published under Cement NewsSaudi Arabia’s City Cement Co has noted an 18.9 per cent YoY rise in net profit to SAR111m (US$29.58m) for 2018, compared with SAR93.3m of the previous year. The increase was supported by a reduction in sales costs and raising operational efficiency, while the company also reported the final settlement with the main contractor, Sinoma International Engineering Co, for its second production line. In the final quarter of 2018, its profits climbed 229.8 per cent to SAR78.58m from SAR23.83m o... |
Cementir04 March 2019, Published under Cement NewsCementir Holding's adjusted turnover in 2018 improved by 4.9 per cent to EUR1196.2m and EBITDA advanced by 7.1 per cent to EUR238.5m, while the trading profit showed a nine per cent improvement to EUR153.2m. Net debt at the end of 2018 was 53 per cent lower at EUR255.4m, largely thanks to the sale of Cementir Italia to HeidelbergCement, while purchasing an additional 38.75 per cent of Lehigh White Cement Company, taking its stake to 63.25 per cent. Group shipments of grey and white cement... |
Vicat04 March 2019, Published under Cement NewsVicat's turnover edged ahead by 0.7 per cent in 2018 to EUR2582m and EBITDA eased by 2.2 per cent to EUR435m, while at unchanged exchange rates and other parameters the changes would have been +5.9 per cent and +2.7 per cent, respectively. The trading profit was ahead by 0.8 per cent to EUR249m, with the advance at unchanged parameters being 5.9 per cent. The net financial charge was 31.6 per cent or EUR8.9m lower at EUR19.3m. After a reduction in the contribution from associates from EUR5.6... |
Buzzi Unicem04 March 2019, Published under Cement NewsBuzzi Unicem's turnover improved by 2.4 per cent in 2018 to EUR2873m, with a like-for-like improvement of 3.2 per cent. Net debt at the end of December was 3.2 per cent above the level seen a year earlier at EUR891m. Group cement and clinker deliveries in 2018 increased by 4.3 per cent to 27.9Mt, while ready-mixed concrete deliveries were 3.6 per cent lower at 11.8Mm³. Buzzi Unicem's Italian turnover benefited from the initial consolidation of the Zillo group for the full year. That helpe... |
CRH04 March 2019, Published under Cement NewsCRH's turnover improved by 6.2 per cent in 2018 to EUR26,790m and EBITDA was ahead by seven per cent to EUR3365m. The trading profit rose by 3.9 per cent to EUR2177m. The net interest charge was 5.5 per cent higher at EUR305m and the pretax profit was a marginal 0.07 per cent lower at EUR1862m. The tax charge jumped from EUR55m to EUR426m but remains relatively modest at 22.9 per cent. After a jump in profits from discontinued activities from EUR107m to EUR1085m, the net attributable profit ... |
Cemex Latin American Holdings04 March 2019, Published under Cement NewsCemex Latin American Holdings saw turnover recover by 5.4 per cent to US$14,374.6m, and to virtually the same level it had two years previously, but EBITDA was 0.6 per cent lower at US$2557.9m, with the margin coming down from 5.6 to 5.2 per cent. The trading profit deteriorated by 6.9 per cent to US$1420.5m and after a 64 per cent decline in financial expenses to US$63.6m and other items, the pretax profit recovered by 11 per cent to US$805.3m. After tax and minorities, the net attributable... |
Cemex04 March 2019, Published under Cement NewsCemex' turnover improved by 1.7 per cent in 2018 to US$148,374.6m, while EBITDA eased by 0.6 per cent to US$1557.9m and trading profit fell by 6.9 per cent to US$1420.9m. However, the net interest charge dropped by 37.8 per cent to US$635.6m, as borrowings were reduced, giving a pretax profit 11 per cent higher at US$805.3m. The tax charge was 7.4 per cent after the previous year’s exceptionally charge. Minorities fell by 54.6 per cent, giving a net attributable profit 32.6 per cent lower at... |