Cement News tagged under: business results
Sumitomo Osaka Cement reports JPY1bn loss12 August 2022, Published under Cement NewsJapan-based Sumitomo Osaka Cement Co Ltd reported a 1QFY22-23 revenue of JPY45.5bn (US$337.4m), up from JPY43.78bn in the 1QFY21-22. The company posted an operating loss of JPY3.15bn in the 1QFY22-23, in contrast to a 1QFY21-22 operating profit of JPY2.92bn. There was a pretax loss of JPY2.8bn, when compared with a pretax profit of JPY3.99bn in the equivalent quarter of the previous financial year. In terms of net profit, Sumitomo Osaka Cement Co Ltd saw a loss of JPY1.11bn when compared ... |
Keerthi Industries reports revenue fall12 August 2022, Published under Cement NewsIndia-based Keerthi Industries Ltd, formerly Suvarna Cements Ltd, has reported unaudited revenue of INR571.67m (US$7.2m) in the quarter ended 30 June 2022, compared to INR714.18m in the same period a year earlier. Although total expenses over that period have fallen from INR622.71m to INR554.25m, power and fuel costs expanded from INR230.08m to INR290.74m, and cost of materials jumped from INR79.91m to INR86.82m. Profit for the quarter ended 30 June 2022 came in at INR18.12m, considerably... |
Tokyo Cement Co (Lanka) sees 76% increase in 2Q revenues11 August 2022, Published under Cement NewsTokyo Cement (Co) Lanka plc posted a 76 per cent YoY increase in revenues to LKR11,442m (US$31.8m) in the three months ended 30 June 2022 (2QFY22-23). In the equivalent quarter of the previous year revenues stood at LKR6503m. The company’s gross profit increased by 285 per cent YoY to LKR3299m in the 2QFY22-23 when compared with LKR856.6m in the year-ago period. Profit before interest and taxation was up 272 per cent YoY to LKR2256m from LKR606.3m. However, finance expenses of LKR2224m... |
City Cement posts 26% drop in 2Q sales11 August 2022, Published under Cement NewsSaudi Arabia-based City Cement Co saw a 50.1 per cent drop in net profit after zakat and tax to SAR24.8m US$6.61m) in the second quarter of 2022. In the 2Q21 net profit after zakat and tax stood at SAR49.7m. The company reported sales of SAR89.2m in the 2Q22, down 25.5 per cent from SAR119.8m in the 2Q21. The company attributes the decrease to reduced sales volumes and values. |
Southern Province sees 42% fall in 1H net profits11 August 2022, Published under Cement NewsIn the first half of 2022, Saudi Arabia-based Southern Province Cement Co reported net profits after zakat and tax of SAR150m, down 41.6 per cent YoY from SAR257m in the 1H21, according to Mubasher. The company’s revenues declined by 22.4 per cent YoY to SAR564m from SAR727m in the 1H21. During the second quarter of 2020 net profits after zakat and tax fell 29.9 per cent yoY to SAR61m from SAR87m in the 2Q21. Revenues decreased by 18.5 per cent to SAR234m in the 2Q22 from SAR287m in 2Q21. |
Taiwan Cement reports 21% hike in July revenue11 August 2022, Published under Cement NewsTaiwan Cement has posted a revenue of TWD10,102.468m (US$336.3m) in July 2022, ,up 21.4 per cent when compared with TWD8,319.972m, , according to a filing on the Taiwan Stock Exchange. In the first seven months of 2022, revenues slipped 0.2 per cent to TWD58,247.2m from TWD58,343.336m in the 7M21. |
Hsing Ta Cement posts 13% increase in July revenue10 August 2022, Published under Cement NewsTaiwan-based Hsing Ta Cement Co Ltd reported a 13.3 per cent advance in revenue to TWD557.403m (US$18.5m) in July 2022 from TWD492.134m in July 2021, according to a filing on the Taiwan Stock Exchange. The company’s revenue in the January-July 2022 period decreased 15 per cent to TWD3562.279m from TWD4189.866m. |
Arabian Cement posts 34% rise in 2Q profit10 August 2022, Published under Cement NewsSaudi cement producer Arabian Cement Co reported a 2Q net profit after zakat and tax of SAR45m (US$12m), up 34.2 per cent from SAR33.5m in the 2Q21. The increase in profit was achieved despite sales slipping from SAR233m in the 2Q21 to SAR231m in the 2Q22 as the average sale price increased. In addition, there was an increase in the share of profit of associated companies and a decrease in finance costs. The 2Q22 also saw a decrease in sales volumes of Arabian Cement and its subsidiary i... |
Taiheiyo Cement posts 1Q revenue of JPY177bn09 August 2022, Published under Cement NewsJapanese cement producer Taiheiyo Cement Corp saw a 10.6 per cent increase in group revenue to JPY176.52bn (US$1308.5m) in the 1QFY22-23 when compared with JPY159.61bn in the equivalent period of the previous financial year. Operating profit was down 87.8 per cent from JPY9.92bn in the 1QFY21-22 to JPY1.21bn in the 1QFY22-23 while pretax profit contracted by 79.1 per cent to JPY2.19bn from JPY10.48bn during the same period. The company reported a JPY220m net loss in the 1QFY22-23, comp... |
Birla Corporation hit by escalating fuel costs08 August 2022, Published under Cement NewsBirla Corp Ltd has reported a 25.2 per cent increase in revenue to INR22,180.6m (US$278.8m) in the first quarter of FY22-23, despite tepid cement demand. However, profitability was hit by rising power, fuel and freight costs, along with the costs incurred with the optimisation of the newly-commissioned Mukutban plant in eastern Maharashtra. Commercial production at the plant began on 30 April 2022 with capacity at the unit expected to reach 3.9Mta, taking the company's total production cap... |