Cement News tagged under: business results
Hsing Ta Cement reports stable net profit14 August 2018, Published under Cement NewsTaiwanese cement producer Hsing Ta Cement saw its revenues advance 29.7 per cent to TWD1.748bn (US$56.8m) in the 2Q18 from TWD1.348bn in the year-ago period. Pretax profit more than doubled from TWD206.304m in the 2Q17 to TWD440.058m one year later. The company’s net profit remained largely stable at TWD125.366m (2Q17: TWD126.441m). |
Asia Cement Corp sees 167% rise in 2Q net profit14 August 2018, Published under Cement NewsTaiwan's Asia Cement reported a 37.6 per cent increase in revenues to TWD22.425bn (US$728.2m) in the April-June 2018 quarter from TWD16.298bn in 2Q17. Pretax profit was up by 174.9 per cent from TWD2.469bn in the 2Q17 to TWD6.788bn in 2Q18 while net profit surged by 167.9 per cent to TWD4.33bn in the 2Q18 from TWD1.616bn in the year-ago period. |
Chia Hsin Cement Corp profit surges in 2Q1813 August 2018, Published under Cement NewsChia Hsin Cement Corp reported a rise of 15 per cent in its revenues for the 2Q18 to TWD529.67m (US$17.2m) from TWD460.547m. Pretax profits increased from TWD28.99m in 2Q17 to TWD265.4m one year later while net profits soared from TWD10.59m to TWD246.811m over the same period. |
Suez Cement reports net profits of EGP250m in 1H1813 August 2018, Published under Cement NewsSuez Cement reported EGP250.59m (US$14m) in net profits for the six-month period ended June, against a loss of EGP40.61m in the year-ago period, according to a filing to the Egyptian Exchange (EGX). Sales amounted to EGP 3.96bn at the end of June, versus EGP 3.11bn in 1H17. Profits climbed to around EGP 156.62m in 1H18, up from EGP20.81m in the same period a year earlier. Suez Cement previously reported an EGP128.15m in profits for the three-month period ended March, versus EGP41.53m in th... |
Taiwan Cement posts record quarterly profits13 August 2018, Published under Cement NewsTaiwan Cement Corp posted a record 2Q profit, due mainly to higher cement prices in China, rising sales and increased contribution from its China-based subsidiary, TCC International Holdings Ltd. The Taipei-based firm's 2Q18 net income, attributable to the parent company, hit TWD7.06bn (US$229.9m), up 228.71 per cent YoY from TWD$2.15bn, the company said in a filing with the Taiwan Stock Exchange. Consolidated revenue rose 34.83 per cent to TWD33.32bn from TWD24.71bn, while gross margin... |
Sri Lanka’s Tokyo Cement reports increased loss13 August 2018, Published under Cement NewsTokyo Cement Plc reported losses of LKR605m (US$3.78m) in the June 2018 quarter as revenues fell and the sale of a vessel added LKR380m to the losses already sustained. In the June 2018, revenues declined four per cent to LKR7.76bn while costs rose by four per cent to LKR6.2bn. Finance expenses increased 170 per cent to LKR380m. Gross profits fell 27 per cent YoY to LKR1.507bn. The company attributed the losses to a slowdown in construction as delayed local government polls had halted sma... |
FLSmidth witnesses slow growth in cement sector10 August 2018, Published under Cement NewsThis week FLSmidth released its 1H18 report in which it reported revenues of DKK8.965bn (US$1.37bn), edging up from DKK8.956bn in 1H17 and a roughly stable gross profit of DKK2.255bn (1H17: DKK2.298bn). Net profit from continuing activities saw losses narrow to DKK31m from DKK34m in 1H17. The gross order intake slipped from DKK10.141bn to DKK10.074bn in 1H17 although in the second quarter the company saw order intake up by 10 per cent, which include 13 per cent organic growth as the Minera... |
Loma Negra reports 2Q18 net revenues up 37%10 August 2018, Published under Cement NewsLoma Negra reports its 2Q18 net revenue increased 37.2 per cent to ARS4.757bn (US$169.4m) in 2Q18, from ARS3.467bn in the comparable quarter last year. Cement, masonry and lime revenues in Argentina were up 33.4 per cent YoY, to ARS3.503bn despite volumes remaining almost flat. Cement revenues in Paraguay increased 49.2 per cent, reaching ARS369m in the quarter as the 2.4 per cent YoY decline in volume was more than offset by Paraguayan guarani appreciation against the Argentine peso and b... |
Eagle Cement Corp grows net profits by 5%09 August 2018, Published under Cement NewsPhilippine-based Eagle Cement Corp grew its net profit by five per cent YoY to PHP2.3bn (US$43.3m) in the 1H18 with higher sales volume compensating for lower selling prices. The company's first-half net sales rose by some 10 per cent YoY to PHP8.21bn. Gross profit margin was maintained at 48 per cent. Cash flow as measured by earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by five per cent during the period, translating into an EBITDA margin of 43 per cent. A... |
Cemex Latvia's turnover rises 35% with strong export sales09 August 2018, Published under Cement NewsCemex generated EUR78.067m turnover in Latvia in 2017, up 34.6 per cent against 2016, selling 970,000t of cement, while the copany's share of export sales grew to 70 per cent. Growth was recorded in all segments thanks to a robust growth of the Latvian construction sector in 2017. Growing exports to markets such Sweden and Finland as well as sales in Estonia, Lithuania and Belarus compensated for the sanctions-related drop in exports to Russia. However, interest and depreciation costs st... |