Cement News tagged under: business results
HeidelbergCement reports rise in revenues and earnings for 3Q1808 November 2018, Published under Cement NewsHeidelbergCement saw a 7.2 per cent rise in revenues to EUR4.943bn in 3Q18 from EUR4.61bn in the year-ago period. EBITDA fell 6.3 per cent to EUR750m in July-September 2018 from EUR800m in July-September 2017 while net profit increased by 12 per cent to EUR580m from EUR518m in the year-ago period. HeidelbergCement reported a five per cent rise in cement and clinker sales to 35.1Mt in the third quarter of 2018 from 33.4Mt in 3Q17. Following adjustment for the disposal of its US white cement... |
Buzzi Unicem's 9M18 cement volumes rise by 3.1%08 November 2018, Published under Cement NewsBuzzi Unicem reports that its 9M18 cement volumes recorded a rise of 3.1 per cent to 20.9Mt, up from 20.3Mt in 9M17. Consolidated net sales for the 9M18 amounted to EUR2137.4m , up 0.2 per cent compared to EUR2133.4m in the same period of 2017. Cement and clinker sales of the group in the period January-September 2018 stood at 20.9Mt, an advance of 3.1 per cent compared to the previous year (-0.8 per cent on a like-for-like basis). Meanwhile, Buzzi Unicem's ready-mix sales fell by 1.... |
Taiheiyo Cement sees 2% advance in net profit for 1HFY1808 November 2018, Published under Cement NewsTaiheiyo Cement has reported a four per cent increase in revenue to JPY438.7bn (US$3.86bn) in the first half of FY18, ended 30 September 2018. In 1HFY17 the company saw a revenue of JPY421.94bn. Operating profit slipped to JPY27.38bn in 1HFY18 from JPY27.43bn in 1HFY17 while pretax profit fell to JPY27.11bn from JPY28.07bn in the year-ago period. Net profit edged up 2.4 per cent from JPY16.93bn in 1HFY17 to JPY17.34bn in the first half of this financial year. Taiheiyo Cement also released ... |
Vicat hit by weaker exchange rates07 November 2018, Published under Cement NewsVicat's turnover for the first nine months of the year advanced by 1.4 per cent to EUR1947m, which represents an underlying improvement of 7.6 per cent. The gearing level was reduced from 38.1 per cent at the end of September last year to 37.1 per cent this time. Turnover in cement was 1.8 per cent ahead at EUR1124m and represented 51 per cent of the group total. Cement deliveries improved by 3.1 per cent to 17.44Mt. The aggregates and concrete turnover eased by 0.6 per cent to EUR749m, or 3... |
FLSmidth reports 71% order increase in 3Q1807 November 2018, Published under Cement NewsFLSmidth has released its interim 3Q18 report and recorded a 71 per cent order increase to DKK7.164bn (US$1.102bn), on the back of two large cement plant orders in Central America at a combined value of DKK1.9bn. This brought the order backlog to DKK17.2bn, the highest level in three years. "It makes us proud each time a customer selects us to deliver and install mission critical equipment or grants FLSmidth an important service contract to enhance productivity. At the same time, our stron... |
Martin Marietta Materials reports double-digit 3Q growth07 November 2018, Published under Cement NewsMartin Marietta Materials’ nine-month turnover improved by 7.6 per cent to US$3224m and increased turnover by 12.1 per cent to US$1219.6m in the third quarter of 2018. EBITDA advanced by 15.1 per cent to US$349m. The trading profit only improved by six per cent to US$240.7m, the net attributable profit rose by 18.9 per cent to US$180.2m. The aggregates turnover increased by 9.8 per cent to US$1778.1m in the first nine months, while the third quarter showed a 16.5 per cent advance to US$68... |
Dandot Cement's losses depend in FY0807 November 2018, Published under Cement NewsDandot Cement Company Ltd (DCCL) of Pakistan announced its financial results for the year ended 30 June 2018, declaring a net loss of PKR751.45m (US$5.62m) up by 42.4 per cent YoY, as compared to loss of PKR527.68m reported in the same period last year. DCCL's net sales decreased by 27.7 per cent to PKR1.3bn YoY, as compared to PKR1.8bn in the same period last year. The company incurred lower distribution expenses of PKR5.11m against PKR24.15m in the same period last year. The administr... |
Cementos Yura sees 30% 3Q net profit fall07 November 2018, Published under Cement NewsPeru-based Cementos Yura saw its net profit fall by 30 per cent YoY to PEN52m (US$15.4m) in the third quarter of 2018. The company has attributed the slide to a lower gross profit as the cost of sales increased 14 per cent YoY to PEN146m due to higher clinker production costs. Sales increased to PEN261m with domestic shipments up four per cent due to higher demand for the Yura and Frontera brands. Exports contracted by 35 per cent YoY in the third quarter. The loss in exports was due to th... |
Sagar Cements reports 40% production increase07 November 2018, Published under Cement NewsIndia’s Sagar Cements has reported that its consolidated production has increased by 40.1 per cent YoY to 273,216Mt for October 2018, compared to 195,066Mt in October 2017. Furthermore, the company’s consolidated sales for the month rose by 43.73 per cent YoY to 279,554Mt from 194,500Mt. |
Sharjah Cement records decreasing sales06 November 2018, Published under Cement NewsUAE-based Sharjah Cement has announced an 82.3 per cent fall in net profit for the 3Q18, dropping to AED2.2m (US$599,046) from AED12.4m a year ago. The company has attributed the results to a decline in income from investments and sales. Sales decreased 9.9 per cent to AED131.3m from AED145.7m in the 3Q17. In the first nine months of 2018, Sharjah’s profit was down 67 per cent at AED14.3m compared to AED43.6m in the year-ago period. |