Sumitomo Osaka sees 3% fall in net profit
Japan’s Sumitomo Osaka Cement has announced a 2.5 per cent YoY fall in net profit to JPY2.1bn (US$19.7m) for the quarter ending 30 June. Sales were down by 2.1 per cent to JPY58...
Business Results
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Arkan sees 55% net profit increase in 1H19
UAE-based Arkan Building Materials has announced a 55 per cent YoY increase in net profit to AED33.8m (US$9.2m) for the 1H19. The positive result has been attributed to cost man...
Mangalam Cement posts record quarterly profit
India’s Mangalam Cement has reported a record net profit of INR330m (US$4.66m) for the quarter ending 30 June, following an INR150m net loss in the year-ago period. Operational ...
Sharjah Cement sees 85% drop in profit for 1H19
UAE-based Sharjah Cement has seen an 84.7 per cent YoY fall in profit to AED2.54m (US$691,626) for the 1H19, compared with AED16.55m in the year-ago period. The company also rep...
HeidelbergCement reports challenging environment in 1H19
This week HeidelbergCement released its 1H19 results, which were impacted by falling volumes in Ukraine, USA and Egypt. Nevertheless, the group saw evenues up by seven per cent ...
Buzzi Unicem reports strong 1H EBITDA
Buzzi Unicem's first-half turnover improved by 13.6 per cent to EUR1518.7m and EBITDA rose by 26.9 per cent to EUR288.6m. Group cement deliveries improved by 7.1 per cent to 13....
JK Cement reports 212% increase in net profit
India’s JK Cement has reported a 211.8 per cent YoY increase in standalone net profit for the quarter ending 30 June, rising to INR1.53bn (US$21.86m) from INR493.2m. Net revenue...
Arabian Cement Co signs petcoke supply deal
Egypt’s Arabian Cement Co has signed an agreement with Egyptian Refining Co, a subsidiary of Qalaa Holdings, for the supply of 272,155t of petcoke. "This agreement aligns with A...
Kuwait Portland Cement sees slight fall in 2Q19 profit
Kuwait Portland Cement has noted a 0.7 per cent YoY decline in profit for the 2Q19 to KWD1.52m (US$5m), compared with KWD1.53m in the corresponding period of last year. However,...
Qassim Cement sees 2Q profit rise
Saudi cement producer Qassim Cement reported a net profit after zakat and tax of SAR70.5m (US$18.8m), a 383 per cent increase YoY, when net profit reached SAR18.4m, according to...