LafargeHolcim
LafargeHolcim has agreed the sale of its 51 per cent-owned subsidiary Lafarge Malaysia to YTLCement Berhad for US$396m, a 43 per cent premium to the latest share price before th...
Business Results
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Sri Chakra Cement closes FY18-19 with INR55.9m net loss
Sri Chakra Cement reported a net loss of INR35.8m (US$515,506) in the quarter ended March 2019 compared to a net profit of INR16.9m in the year-ago quarter. The company’s sales ...
Lafarge Malaysia reduces net loss in 1Q19
Lafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent...
India Cements Jan-Mar quarter net profit advances 23% YoY
Chennai-based India Cements has reported a 23 per cent increase in its net profit for the quarter ended March 2019. Higher prices, a recovery in cement demand and improved capac...
Dungsam Cement reduces losses in 2018
Bhutan’s Dungsam Cement Corp Ltd (DCCL) has reported the narrowing of its losses to BTN30m (US$430,624) in 2018 from BTN720m in the previous year. The company has attributed the...
JK Lakshmi Cement shows 28% net profit growth
India’s JK Lakshmi Cement has reported a 27.8 per cent YoY rise in net profit to INR432.5m (US$6.2m) in the final quarter of FY18-19, against INR338.4m in the corresponding peri...
Ramco Cements sees 50% advance in net profit
India’s Ramco Cements has reported a 50 per cent YoY increase in net profit to INR1.65bn (US$23.68m) for the 4QFY18-19, while revenue advanced 21 per cent to INR15.43bn. For the...
China National Building Materials (CNBM)
CNBM’s net profit jumped by 176 per cent YoY to CNY2.6bn (US$376m) in the opening quarter of 2019, according to Credit Suisse. Outperforming market expectations, the rise is bei...
Semen Indonesia
In April 2019 PT Semen Indonesia sold a total of 3,096,519t of cement and clinker. This compares to 3,161,372t in the previous month. Semen Indonesia contributed 2,144,359t to t...
Cementos Argos
In the 1Q19 Cementos Argos sold 3.8Mt of cement, up 4.7 per cent YoY. Revenue over the same period advanced by 14 per cent to COP21.trn (US$628.5m), while operating EBITDA was u...