Cement News tagged under: business results

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LafargeHolcim implements coronavirus action plan

27 March 2020, Published under Cement News

LafargeHolcim has announced the implementation of its action plan regarding the coronavirus pandemic, stating that it is closely monitoring all markets and the guidance provided by the authorities in each country. "In China, the recovery of the construction sector has started and all our plants outside of Hubei Province are operating. We forecast the market demand to further recover and to supply 70 per cent of last year’s volume in April 2020. In most of the other key markets, the constr...

Votorantim Cimentos records 3% rise in 2019 revenue

27 March 2020, Published under Cement News

Brazil-based Votorantim Cimentos has seen a three per cent rise in consolidated net revenue to BRL13bn (US$2.61m) in 2019, compared to BRL12.6bn recorded in the previous year. Consolidated EBITDA saw a modest increase of one per cent YoY to BRL2.7bn from BRL2.6bn, with a margin of 20 per cent (21 per cent in 2018). Brazil Net revenue in the company’s domestic market was up four per cent from BRL6.6bn in 2018 to BRL6.8bn in 2019, mainly due to higher volumes and prices in the cement market...

Buzzi Unicem sees 12% rise in sales, stable net profit in 2019

26 March 2020, Published under Cement News

Italy-based Buzzi Unicem reported a 12.1 per cent rise in net sales in 2019 to EUR3.221bn in 2019, up from EUR2.874bn. The company posted a 4.3 per cent YoY rise in cement sales to 29.122Mt in 2019 while ready-mix sales remained stable at 12.1Mm3 over the same period. EBITDA surged to 26.1 per cent to EUR728.1m in 2019 while recurring EBITDA saw a 23.9 per cent jump to EUR704.4 when compared with the previous year. Net profit advanced by 0.8 per cent to EUR385.9m and consolidated net profit ...

Eagle Cement sees sales advance 20% in 2019

26 March 2020, Published under Cement News

Philippines-based Eagle Cement Corp saw its net sales advance 20 per cent YoY to PHP19.82bn (US$387.78m) in 2019. Gross profit rose 20 per cent to PHP8.67bn, while net income reached PHP6.02bn. The company has attributed the positive results to the commissioning of its third production line in Bulacan, increasing its total capacity to 2Mta. The construction of its fourth production line in Cebu, which will boost capacity by a further 2Mta, is set for completion by December 2022. "Eagle...

Sinai Cement reports widening net loss in 2019

26 March 2020, Published under Cement News

Egypt’s Sinai Cement has reported a significant widening in its net loss for 2019. The net loss expanded to EGP442.25m (US$28.07m) from an EGP306m loss in 2018. The company has attributed the results to the accumulated effects of the Egyptian pound devaluation on imported fuel and an increase in the prices of electricity and oil.

Dongwu Cement sees 11% increase in revenue for 2019

26 March 2020, Published under Cement News

China’s Dongwu Cement has seen a 10.7 per cent increase in revenue to CNY571.15m (US$80.5m) in 2019, rising from CNY516.04m in the previous year. Profit declined 32.3 per cent YoY to CNY60.7m from CNY89.67m. "As a result of increases in both sales volume and price in China’s domestic cement industry, operating income of cement segment of the group in 2019 increased steadily as compared with the corresponding period of last year. The group recorded a profit of approximately CNY92,853,000 fr...

China Shanshui Cement records 20% revenue increase

24 March 2020, Published under Cement News

China Shanshui Cement Group has announced a 20.2 per cent YoY rise in operating revenue to CNY21.48bn (US$3.02bn) for 2019, against CNY17.87bn in 2018. Net profit also increased 24.2 per cent to CNY4.69bn from CNY3.78bn. Sales from the company’s cement segment contributed the largest amount to the results, advancing 31.1 per cent YoY to CNY17.18bn from CNY13.1bn in 2018.

Al Jouf Cement returns to profit

24 March 2020, Published under Cement News

Saudi-based Al Jouf Cement has reported a net profit after zakat and tax of SAR5.3m (US$1.41m) in 2019 when compared with a loss of SAR39.5m in 2018. The company saw sales rise to SAR169.8m in 2019 from SAR137.7m in the previous year. In addition, the cost of sales as well as general and marketing expenses was down.

Anhui Conch Cement posts 13% increase in net profit for 2019

23 March 2020, Published under Cement News

China’s Anhui Conch Cement has announced a 13 per cent increase in net profit to CNY33.59bn (US$4.73bn) for 2019, compared with CNY29.81bn in the previous year. EBITDA advanced 9.5 per cent to CNY49.33bn from CNY45.07bn. Total sales surged 22.3 per cent to CNY157.03bn against CNY128.4bn in 2018. The company has attributed the positive results to higher sales of cement and other construction materials. It is also targeting CNY10bn of capital expenditure in 2020, which is expected to be used...

Argos reports 11% rise in revenues in 2019

23 March 2020, Published under Cement News

On a consolidated basis, Colombia-based cement producer Argos reported an 11.4 per cent increase in revenues and a 14.3 per cent increase in EBITDA during 2019. The year ended satisfactorily with advances of 11.4 per cent in revenues and 14.3 per cent in EBITDA. Operations in the USA saw significant volume growth and prices in Colombia and the Caribbean recovered. The Central America region maintains conjunctural difficulties in Honduras and Panama, which was offset to some extent by the ...