Cement News tagged under: business results
SCG Cambodia's revenues rise 15% on strong construction actvity07 February 2019, Published under Cement NewsSCG Cambodia, a subsidiary of the Siam Cement Group, yesterday announced that revenue from sales in 2018 grew by 15 per cent, rising to US$396m. Revenue from sales in 4Q18 reached US$96m, SCG Cambodia said. Cambodia Constructors Association General Manager, Chiv Sivpheng, said demand for construction materials has been rising annually as the kingdom's construction industry grows. With increasing population and urbanisation, Mr Sivpheng said the construction industry is expected to continue ... |
Birla Corp announces results and starts constructing new facility07 February 2019, Published under Cement NewsIndia’s Birla Corp Ltd reported a INR270m (US$3.76m) net profit for the third quarter ending 31 December 2018, up from a INR220m net loss of the previous year’s period. The growth was recorded despite an increase in the cost of petcoke and coal. Furthermore, the company’s net sales rose 12 per cent to INR15.57bn in the 3QFY8-19, compared to INR13.88bn of the year-ago period. The company also announced that its RCCPL subsidiary has begun construction of a 3.9Mta greenfield integrated ceme... |
ACC sees 8% rise in cement deliveries in 201806 February 2019, Published under Cement NewsThe Indian LafargeHolcim subsidiary ACC Ltd has reported an 8.4 per cent increase in cement deliveries for 2018 to 28.44Mt, while in the fourth quarter the advance was of a similar magnitude to 7.5Mt. The turnover advanced by 12.1 per cent to INR144.77bn (EUR1774m) while EBITDA were up by 10.8 per cent to INR29.12bn (EUR260m) but the pretax profit rose by 20.6 per cent to INR15.8bn (EUR194m) and thanks to writing back tax provisions relating to earlier years of INR5.01bn, the net profit shot... |
Boral releases revised FY19 guidance06 February 2019, Published under Cement NewsBoral Ltd announced that it expects net profits after tax for 1HFY19 to be around AUD200m (US$142.6m) and EBITDA to be approximately AUD483m. Excluding the impact of lower earnings due to the sale of Denver Construction Materials (in July 2018) and Texas Block (in November 2018), EBITDA for the 1HFY19 is expected to be broadly steady. EBITDA growth from Boral North America is likely to be offset by lower earnings in Australia and a lower contribution from USG Boral. Boral's FY19 EBITDA is ... |
Thatta Cement earns PKR300m in 1HFY1906 February 2019, Published under Cement NewsThatta Cement Co Ltd (TCCL) announced its financial results for the half year ended 31 December 2018 with consolidated earnings at PKR300m (US$2.1m), down by 6.54 per cent YoY, as compared to PKR321m reported in the same period last year. According to TCCL's notification to Pakistan Stock Exchange (PSX) on 6 February, company sales during the half year period increased by 34.54 per cent YoY to PKR2.33bn as compared to PKR1.73bn during the same period last year. The company incurred high... |
Anjani Portland records 22% rise in net sales06 February 2019, Published under Cement NewsIndia’s Anjani Portland Cement Ltd has recorded a 22.2 per cent YoY rise in net sales to INR1.1bn (US$15.3m) for the third quarter of FY18-19, compared with INR902.7m of the year-ago period. However, net profit declined 27.5 per cent to INR23.7m from INR32.7m. In the nine months to 31 December 2018, the company saw a 15.5 per cent YoY increase in net sales to INR3.18bn from INR2.75bn. Net profit fell 32.5 per cent to INR116.3m in the 9MFY18-19, compared with INR172.3m of the previous year. |
Hail Cement sees a 19% increase in revenue06 February 2019, Published under Cement NewsSaudi Arabia’s Hail Cement made a net loss of SAR23.55m (US$6.27m) in 2018, compared with a SAR15.54m profit in 2017. However, revenue increased 19.1 per cent YoY to SAR195.98m. In the final quarter of 2018, the company recorded a 23.8 per cent YoY decline in profit to SAR8.83m from SAR11.59m. |
Star Cement net profit falls 5% in 3QFY18-1905 February 2019, Published under Cement NewsStar Cement reported a stand-alone net profit of INR561.4m (US$7.7m) for the quarter ended 31 December 2018, a fall of 5.4 per cent when compared with INR593.6m reported in the year-ago period. Net revenue increased by 17.2 per cent YoY to INR4.018bn in October-December 2018 from INR3.427bn in 3QFY18-19. Operating expenses advanced 23.1 per cent to INR3.207bn YoY while other income rose by 88.2 per cent YoY to INR3.2m. Operating profit slipped by five per cent YoY to INR810.6m while th... |
HeidelbergCement targets cash generation04 February 2019, Published under Cement NewsThis week the trend for divestments from the large multinationals was again demonstrated by LafargeHolcim's admission that it may seek a buyer for its operations in the Philippines , but it is not alone in trying to seek markets with higher returns. The selling hat is also being worn by HeidelbergCement, which held its Commerzbank German Investment Seminar 2019 in New York on 14 January. Dr Bernd Scheifele, Group CEO, gave a presentation update on the performance of the group in 2018 with s... |
JK Cement reports a 16.5% fall in net profit04 February 2019, Published under Cement NewsIndia’s JK Cement has reported a 16.5 per cent fall in standalone net profit to INR609.1m (US$8.49m) in the third quarter of FY18-19, compared with INR729.3m of the year-ago period. However, net sales were up 13.1 per cent to INR12.73bn from INR11.26bn. EBITDA also increased 13.9 per cent to INR2.22bn in the 3QFY18-19, compared to INR1.95bn of the previous year. |