China’s cement industry sees CNY80bn profit in 1H19
China’s cement industry in the first half of 2019 saw profits advance by 20 per cent to CNY80bn (US$11.6bn), according to China Securities Journal. Cement output increased 6.8 p...
Business Results
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ACC records 39% rise in net profit for 2Q19
India’s ACC Ltd (Ambuja Cements) has reported a 38.6 per cent YoY rise in consolidated net profit to INR4.56bn (US$60.26m) for the 2Q19, due to an improvement in operating perfo...
Cementos Pacasmayo announces 12% revenue increase
Peru’s Cementos Pacasmayo has announced a 11.9 per cent YoY increase in revenue during the 2Q19, mainly attributed to an 11.8 per cent rise in the sales volume of cement, concre...
Oman Cement Co reports 52% fall in profit
Oman Cement Co has reported a 52 per cent YoY fall in profit after tax for its 1H19 unaudited results, decreasing to OMR2.3m (US$6m) from OMR4.8m of the year-ago period. The fir...
Holcim Azerbaijan reports 9% revenue increase in 2018
Holcim Azerbaijan has reported that its revenue increased 8.7 per cent YoY to AZN116.3m (US$68.57m) in 2018. After deducting transportation, administrative and sale expenses, th...
Raysut Cement Co sees revenue fall 5% in 1H19
Oman’s Raysut Cement Co has announced its unaudited consolidated results for the first six months of 2019. The company has seen a 5.1 per cent YoY decline in revenue to OMR41.7m...
Steppe Cement records 6% rise in volumes for 1H19
Kazakhstan’s Steppe Cement has sold 780,315t of cement in the first half of 2019, an increase of six per cent YoY from 738,228t in the year-ago period. The revenue from the sale...
Chinese cement companies expect significant rise in 1H net profit
Huaxin Cement has forecast a rise in net profit between 46-56 per cent YoY from CNY2.1bn (US$305m) in the first half of 2019 when compared with the 1H18, according to Reuters. T...
Lafarge Czech Republic to invest in plant upgrades
In 2019, Lafarge Czech Republic plans to invest approximately CZK54m (US$2.4m) in the renovation of selected technology for clinker and cement production. Other areas of investm...
South Valley Cement posts loss in 1Q19
Following reports that its total profit fell 54 per cent in 2018 , Egypt-based South Valley Cement has announced that it made a loss in the first three months of 2019. The compa...