Cement News tagged under: business results
Cementos Argos' revenues slip in 201821 February 2019, Published under Cement NewsCementos Argos has posted its full-year 2018 results and reported that cement and ready-mix volumes fell in 4Q18 by three and seven per cent, respectively. The company pointed to unfavourable weather conditions in the USA and higher electricity and fuel costs in Colombia that were only partially offset by stronger sales in the Caribbean. Full-year 2018 results Cement volumes in 2018 slipped to 16.02Mt from 16.19Mt in 2017, down -1.1 per cent. Ready-mix volumes for the full year 2018 v... |
Caribbean Cement earns revenues of US$131m in 201821 February 2019, Published under Cement NewsCaribbean Cement reported an improved financial performance in 2018 compared to 2017. Revenue earned for 2018 was JMD17.6bn (US$130.8m), representing an increase of six per cent YoY. Profit before taxation for 2018 was JMD3.3bn, an increase of 118 per cent over the JMD1.5bn reached in the previous year. Net profit after tax for the period amounted to JMD2.5bn from JMD1.1bn in 2017. Caribbean Cement terminated the lease with parent company Trinidad Cement in April 2018 with the acquisition... |
Sungshin Cement reports 33% rise in net profit in 201821 February 2019, Published under Cement NewsSouth Korea-based Sungshin Cement Co reported its preliminary and unaudited results for 2018. The company saw a 6.3 per cent increase in revenues to KRW688.12bn (US$611.4m) in 2018 from KRW647.19bn in the previous year. However, the company’s operating profits slipped by 6.7 per cent from KRW32.8bn in 2017 to KRW30.61bn one year later. Its net profit rose 32.6 per cent from KRW12.12bn in 2017 to KRW16.07bn. |
Kohat Cement earns net profit of PKR1.526bn in 1HFY1921 February 2019, Published under Cement NewsKohat Cement Co Ltd (KCCL) has announced its financial results for the half year ended 31 December 2018, declaring a net profit for the period of PKR1.526bn (US$10.9m), a fall of 7.17 per cent YoY, as compared to PKR1.644bn in the same period last year. The company had net sales during the half year PKR8.391bn from PKR6.867bn during this period, an increase of 22.19 per cent. KCCL incurred increasing distribution costs of PKR 73m against PKR68m in the same period last year. The administr... |
Vicat's net underlying 2018 profits 12% ahead20 February 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... |
Gulf Cement Co sees fall in profit in 201820 February 2019, Published under Cement NewsUAE-based Gulf Cement Co reported revenues of AED475.707m (US$129.5m) in 2018, according to the company’s preliminary results. This represents an 18.4 per cent drop from AED583.203m the previous year. The company’s net operating profit of AED24.360m in 2017 declined to a loss of AED49.072m in 2018 while net profit fell from AED40.613m to a loss of AED32.99m over the same period. |
Fauji Cement's profit increases by 43.88% in 1HFY1920 February 2019, Published under Cement NewsFauji Cement Co Ltd (FCCL) has announced its financial results for the half year ended 31 December 2018, by declaring of net profit for the period of PKR1.82bn (US$13m), increased by 43.88 per cent YoY, as compared to PKR1.26bn in the same period last year. Net sales of FCCL during the half year increased at of PKR10.431 bn from PKR10.268 bn, up by two per cent during this period. It incurred a distribution cost of PKR120m against PKR119m in the same period last year. The administrative ex... |
HeidelbergCement achieves 10% revenue growth in 201819 February 2019, Published under Cement NewsHeidelbergCement has presented its preliminary, unaudited figures for sales volumes, revenue and result from current operations before and after depreciation and amortisation for the 4Q18 and the whole of 2018. Group revenue rose by 10 per cent to EUR 4.7bn, up from EUR4.3bn in 2017. In 2018 the cement and clinker sales volumes of the group increased moderately by three compared with the previous year to 130Mt, up from 126Mt in 2017. Deliveries of aggregates rose slightly by one per c... |
Ambuja sees 188% 4Q net profit surge19 February 2019, Published under Cement NewsAmbuja Cements' sales rose 6.7 per cent to 13.63Mt in the quarter ended 31 December 2018 from 12.78Mt in 4Q17. This resulted in a total income of INR68.552bn (US$959.7m) in the October-December 2018 quarter, up 9.3 per cent YoY, while consolidated net profit surged 188 per cent to INR13.779bn. In its outlook LafargeHolcim-owned Ambuja Cements said the higher investment in the road network and housing sector, announced in India’s interim Budget 2019 will help boost economic development in ... |
Saurashtra Cement reports net loss of INR6.7m18 February 2019, Published under Cement NewsIndian cement producer Saurashtra Cement saw its net profit fall to INR6.7m (US$93,790) in the quarter ended December 2018 when compared with INR33.2m in the year-ago period. Sales rose 11.3 per cent to INR1.585bn in the October-December 2018 from INR1.424bn in October-December 2017. |