Cement News tagged under: business results
LafargeHolcim03 September 2018, Published under Cement NewsLafargeHolcim has acquired Metro Mix LLC, a ready-mixed concrete producer in Denver, Colorado, which last year produced a turnover of some US$30m from two batching plants, employing in excess of 50 people. LafargeHolcim’s Kenyan subsidiary Bamburi Cement, active in Kenya and in Uganda has announced a first-half turnover 0.2 per cent lower than a year earlier at KES17,556m (EUR157.8m), with the trading profit falling by 56.2 per cent to 1164m (EUR9.9m) and the pretax profit falling by 72.9... |
Cemento Polpaico sees CLP4bn net profit in 1H1803 September 2018, Published under Cement NewsChilean cement producer Cemento Polpaico reported a 32.2 per cent increase in revenues to CLP82.114bn (US$120,143m) in 1H18 from CLP62.118bn. The company has attributed the higher operating revenues mainly to an increase in cement and concrete sales volumes, driven by an uptick in economic activity during the first six months of 2018, compared with 1H17. However, distribution costs went up from CLP13.3bn to CLP17.7bn as a new law of manual handling loads affected working practices. ... |
Bamburi Cement records 78% net profit decline in 1H1831 August 2018, Published under Cement NewsKenya’s Bamburi Cement has posted a 78.2 per cent YoY drop in net profit for the half-year period ended 30 June, falling to KES399m (US$3.96m) from KES1.83bn. Revenue remained flat at KES18.55m, compared to KES18.58bn of the previous year. The company noted the effects of a contracting market in Kenya on its performance. Meanwhile, in Uganda, a combination of lower sales due to production challenges, competitive pressure on prices and a slowdown in government expenditure negatively impact... |
Boral posts 49% net profit surge in FY1830 August 2018, Published under Cement NewsAustralia’s Boral has announced a 49 per cent YoY surge in in net profit to AUD441m (US$322.45m) for the FY18 ended 30 June. Sales revenue increased 34 per cent to AUD5.9bn, while EBITDA advanced 47 per cent to AUD1.06bn. The significant earnings growth has been attributed to the acquisition of Headwaters Inc in the US, alongside Australia’s booming construction market, according to a press release. "In recent years we have worked to initially fix and then transform Boral’s portfolio to ... |
Cherat Cement’s FY18 profit increases by 9%30 August 2018, Published under Cement NewsCherat Cement Co Ltd (CHCC) of Pakistan earned a net profit of PKR2.13bn (US$17.3m) in FY18, up by nine per cent YoY, as compared to PKR1.96bn in the same period last year. Net sales grew substantially by 49 per cent YoY to PKR14.39bn largely driven by full year operations of production line II, inaugurated in January 2017. This was despite the industry's failure to pass over enhanced FED, up by 25 per cent YoY during the year due to intense competition therein, an analyst observed. The... |
Fauji Cement's net profits rise 31 per cent in 4Q1828 August 2018, Published under Cement NewsFauji Cement Company Ltd (FCCL) announced its financial results for the year ended 30 June 2018 on 27 August. Its net profits were up by 31 per cent YoY to PKR3.429bn (US$27.8m). This was possible due to a positive tax reversal in 4Q18 and rehabilitation of cement line II. FCCL recorded 10 per cent YoY growth in local and export dispatches, partly due to resumption of normal operations post rehabilitation. FCCL net sales increased to PKR21.16bn from PKR20.42bn during this period. The com... |
CRH announces revenue increase in 1H1823 August 2018, Published under Cement NewsCRH has reported its results for the half-year period ended 30 June 2018, announcing a slight increase in revenue of one per cent YoY to EUR11.9bn (US$13.76bn). Similarly, overall EBITDA rose one per cent to EUR1.13bn, while the EBITDA margin remained consistent at 9.5 per cent. Profit after tax reached EUR378bn, advancing nine per cent from EUR346bn in the year-ago period. The company has recorded divestments of EUR2.9bn and acquisitions of EUR3.4bn in the first six months of the year, whi... |
Dongwu Cement records 60% revenue increase in 1H1823 August 2018, Published under Cement NewsChina-based Dongwu Cement International Ltd has reported a 60.4 per cent YoY increase in revenue to CNY219.49m (US$31.9m) for the six-month period ended 30 June 2018. Total profit for the period surged to CNY28,593m, compared with CNY7726m in the year-ago period. The cement sector recorded a considerable increase in sales volume, operating income and gross profit as a result of the steady demand and rising prices in the country, according to the company's unaudited financial report. In t... |
Adelaide Brighton records net profit increase in 1H1822 August 2018, Published under Cement NewsAustralia's Adelaide Brighton has posted a 17.7 per cent YoY increase in net profit to AUD84.5m (US$62m) in the 1H18. Revenue saw a rise of 11.7 per cent to AUD807.2m, on the back of strong markets in New South Wales, Queensland and Victoria. "It's really pleasing to deliver record half-year financial results and dividends for our shareholders. Revenue, EBIT, net profit, cash flow and dividends were all first-half records," said Martin Brydon, CEO, Adelaide Brighton. The company expect... |
Lukavac Cement reports 11% net profit decrease in 1H1822 August 2018, Published under Cement NewsBosnia and Herzegovina's Lukavac Cement has reported a 11.1 per cent YoY fall in its 1H18 net profit, decreasing to BAM3.2m (US$1.9m) from BAM3.6m. Operating income dropped 2.7 per cent to BAM27.9m in the first half of the year, while operating costs decreased 3.4 per cent to BAM24.2m. |