Cement News tagged under: business results
HeidelbergCement04 March 2019, Published under Cement NewsThe 2018 preliminary figures from HeidelbergCement show a 4.7 per cent advance, or +8.0 per cent on a comparative basis, in turnover to EUR18,075m. However, EBITDA declined by 6.8 per cent to EUR3074m and the trading profit was off by 9.4 per cent to EUR1984m, or by 3.6 per cent on a comparative basis. The group sales of cementitious materials rose by 3.2 per cent to 129.93Mt, while the aggregates volume increased by 1.4 per cent to 309.4Mt. Ready-mixed concrete deliveries were ahead by 3... |
LafargeHolcim04 March 2019, Published under Cement NewsLafargeHolcim’s Indian subsidiary ACC Ltd reported an 8.5 per cent rise in cement deliveries in 2018 to 28.4Mt and in the fourth quarter the advance was 8.7 per cent to 7.5Mt. Cement capacity increased by 5.9Mta thanks to a new greenfield operation in Madhya Pradesh and a new grinding plant in Uttar Pradesh as well as expansions to the plants in Tikaria and Sindri. Ready-mixed concrete deliveries improved by 16.6 per cent to 3.16Mt in the year, helped by the commissioning of 18 new plants du... |
Sharjah Cement reports fall in profit for 201804 March 2019, Published under Cement NewsUAE-based Sharjah Cement & Industrial Development Co has reported a 54.6 per cent YoY fall in profit during 2018, declining to AED29.4m from AED64.78m (US$17.6m) in 2017. Revenue also decreased 8.2 per cent to AED596.8m, compared with AED650m of the previous year. |
LafargeHolcim Bangladesh's profits up 38%04 March 2019, Published under Cement NewsLafargeHolcim Bangladesh has informed Dhaka Stock Exchange (DSE) that its consolidated profit stood at BDT1.11bn (US$13.1m) for the year ended on 31 December 2018, up 38 per cent from BDT805m in the previous year. Producing around 4.2Mta of cement, LafargeHolcim Bangladesh has sofar invested about US$500m in Bangladesh, and is having plans for further investments. The plant at Chhatak, Sunamganj, is the only dry-process integrated cement plant of the country. Furthermore, the company's pl... |
Arabian Cement records net loss in 201804 March 2019, Published under Cement NewsArabian Cement has recorded a SAR26.2m (US$6.98m) loss for the full-year 2018 period, compared with a SAR262.7m net profit of the previous year. The Saudi producer has attributed the loss to a drop in average selling prices, lower sales, higher financing expenses and zakat provision, according to the company’s statement to the Saudi Stock Exchange. Sales declined 34 per cent to SAR600.7m in 2018, falling from SAR905.7m in 2017. The 4Q18 saw the company’s profit drop 83.2 per cent YoY to SA... |
Adelaide Brighton posts 1% fall in net profit in 201801 March 2019, Published under Cement NewsAustralian cement producer Adelaide Brighton posted a 1.4 per cent decline in net profit to AUD185.3m (US$131.5m) in 2018 as cement margins declined and slower growth in South Australia and Western Australia offset strong demand in New South Wales and Victoria. “East coast construction markets were strong in 2018, South Australia and the Northern Territory were flat and Western Australia was down, while lime demand from the resources sector was stable,” Adelaide Brighton’s CEO, Nick Miller... |
Misr Beni Suef and Alexandria Cement report improved results in 201801 March 2019, Published under Cement NewsEgypt-based cement companies Misr Beni Suef Cement and Alexandria Cement have posted improved results in 2018. Misr Beni Suef Cement posted net profits of EGP241.491m (US$13.8m) in 2018, more than twice its net profits of EGP110.616m announced in 2017. Alexandria Cement reported a reduction in its consolidated net loss in 2018, which fell to EGP394.166m from EGP513.934m in 2017. Stand-alone losses also decreased to EGP251.976m in 2018 to EGP401.794m in the previous year. |
EAPC sees 6M loss widen in 201801 March 2019, Published under Cement NewsKenyan cement producer East African Portland Cement reported a KES1.2bn (US$12m) loss for the half-year ending 31 December 2018, compared with a KES970m loss in the prior-year period. Sales revenue fell by 55 per cent to KES1.3bn. The company attributed the widening loss to a difficult business environment with increasing input prices, the sluggish market and challenges in its production due to a tight working capital. |
Holcim Philippines reports 5% fall in net profit01 March 2019, Published under Cement NewsHolcim Philippines has reported a five per cent fall in 2018 net profit to PHP2.55bn (US$49.3m), compared with PHP2.69bn of the previous year. However, the company also noted a three per cent YoY rise in net sales to PHP35.62bn. EBITDA in 2018 declined 10 per cent to finish at PHP4.89bn. The profit decrease has been attributed to higher interest expenses from short-term loans to fund its ongoing expansion projects. "In 2018, we faced higher production and financing expenses, but we succe... |
Dandot Cement declares loss of PKR177.51m in 1HFY18-1901 March 2019, Published under Cement NewsDandot Cement Company Ltd (DCCL) has announced its financial results for the half-year ended 31 December 2018. It declared a loss of PKR177.51m (US$1.27m), as compared to loss of PKR320.95m reported in the equivalent period last year. DCCL Company Secretary, Muhammad Kamran, informed the Pakistan Stock Exchange (PSX) that net sales during the 1HFY18-19 slightly increased to PKR741.30m from PKR679.05m during this period. It incurred a higher distribution cost of PKR2.7m against PKR2m in the... |