Cement News tagged under: business results
Lafarge suffers loss on high tax payment15 October 2018, Published under Cement NewsLafarge Cement Zimbabwe reported a loss of ZWD1174m (US$4.9m) for 1H18 due to a significant tax settlement. In 2017, the company disclosed a contingent liability of ZWD7.9m relating to a tax assessment for the 2009-13 period. Last June the matter was heard in the courts but the judgment is yet to be handed down. Income tax payments rose ZWD2.7m from ZWD26,260 during the period under review. “The company reviewed its risk assessment of the matter and booked a tax provision towards this ca... |
Hsing Ta Cement's revenue up 33% in September09 October 2018, Published under Cement NewsTaiwanese cement manufacturer Hsing Ta Cement has recorded a 32.6 per cent YoY surge in revenue for September 2018, rising to TWD690.78m (US$22.30m) from TWD521.03m. In the first nine months of 2018, the company has seen a 26 per cent increase in revenue to TWD4.71bn, compared with TWD3.74bn of the year-ago period. |
Dewan Cement's net profit falls to PKR902m09 October 2018, Published under Cement NewsDewan Cement Limited (DCL) has announced that its net profit declined to PKR902m (US$7.33m) in financial year 2018 from PKR1.30bn earned in the same period last year. It shows profit dropped by 30.9 per cent, despite increase in net sale to PKR13.47bn from PKR12.85bn during this period. The company incurred a distribution cost of PKR206m against PKR261m incurred in the same period last year. The administrative expenses increased to PKR688m from PKR684m in previous fiscal year. The com... |
CIMAF sees 42% rise in cement sales in 1H1804 October 2018, Published under Cement NewsCIMAF reported a 42 per cent rise in cement sales to 184,723t in Gabon during the first half of 2018, according to the Economic and Fiscal Policy unit of Gabon’s Economics Ministry. In January-June 2017, sales reached 130,077t. The company’s production volumes increased 37.7 per cent in the six-month period to 178,518t, up from 129,596t in 6M17. As a results, revenues were up 36.6 per cent YoY to XAF13.029bn (US$22.8m) in 6M18 from XAF9.537bn in the year-ago period. Gabon suspended cemen... |
Gharibwal Cement records 34% fall in net profit03 October 2018, Published under Cement NewsPakistan’s Gharibwal Cement Ltd has announced a 33.9 per cent YoY drop in net profit for the FY18 ended 30 June, falling to PKR1.509bn (US$12.2m) from PKR2.283bn. Despite this, sales increased 2.3 per cent to PKR11.48bn from PKR11.22bn. Distribution costs rose 19.7 per cent YoY to PKR383m against PKR320m of the previous year, while administrative expenses decreased 3.7 per cent to PKR2.6m from PKR2.7m. |
Votorantim02 October 2018, Published under Cement NewsVotorantim Cimentos saw its first-half turnover improve by 14.9 per cent to BRL5738m (EUR1177m/US$1428m), while the cement sales advanced by 18 per cent to BRL4191m (EUR890m). The aggregates turnover rose by 52.9 per cent to BRL198m (EUR40.6m), while the turnover in ready-mixed concrete was a more modest 8.7 per cent ahead at BRL1019m (EUR209m). The turnover in other products and services declined by 11.7 per cent to BRL330m (EUR67.7m). The trading profit came off by 13.2 per cent to BRL338m... |
LafargeHolcim02 October 2018, Published under Cement NewsLafargeHolcim’s Kenyan subsidiary Bamburi Cement has announced a first-half turnover of KES18,556m (EUR151.08m), an easing of 0.2 per cent, while the trading profit fell by 56.2 per cent to KES1200m (EUR10.21m) and the pretax profit dropped by 72.2 per cent to KES700m (EUR1.16m). Capital expenditure in the period amounted to KES1800m (EUR15.2m), the majority of which was spent on capacity expansion. In Kenya the market was some eight per cent lower than a year earlier, while in Uganda the r... |
Pakistan cement producers record falling sales28 September 2018, Published under Cement NewsPakistan’s Fecto Cement Ltd has announced a 42 per cent YoY fall in profit for the FY18 ended 30 June, declining to PKR441m (US$3.56m) from PKR760m. Net sales of the company decreased 4.5 per cent to PKR4.9bn, compared with PKR5.13bn from the year-ago period. The company has a cement production capacity of 0.819Mta from its facility in Sangjani, Punjab. Elsewhere, Pioneer Cement Ltd has recorded a 44 per cent YoY drop in earnings to PKR1.64bn for the FY18. Net sales were down five per cent... |
Anhui Conch26 September 2018, Published under Cement NewsIn the opening six months of 2018, Anhui Conch reported a 43.36 per cent increase YoY in revenue to CNY45,742m (US$6655m), in accordance with International Financial Reporting Standards. Profit attributable to equity shareholders over the same period came in at CNY12,964m, up 92.38 per cent YoY, while basic earnings per share advanced by 92.68 per cent from CNY1.27 in 1H17 to CNY2.44. All regions saw an increase in revenue with the East China sales region advancing by 53.37 per cent YoY ... |
China National Building Materials (CNBM)26 September 2018, Published under Cement NewsChina National Building Materials (CNBM) has reported a 22 per cent YoY increase in revenue in the opening half of 2018. Revenue for the six-month period came in at CNY95,228m (US$13,889m), while profit attributable to shareholders advanced by 159.8 per cent YoY to CNY3812m. Basic earnings per share jumped from CNY0.174 in 1H17 to CNY0.452 in the same period this year, while gross profit improved from CNY19,126m to CNY28,512m. In the first six months of 2018, the group’s sales volumes of ... |