Cement News tagged under: business results
LafargeHolcim02 August 2018, Published under Cement NewsLafargeHolcim’s US subsidiary has acquired Tarrant Concrete, which is a leading ready-mixed concrete supplier in the Dallas-Fort Worth area. It operates three batching plants, has a staff of 90 and an annual turnover in excess of US$40m. Meanwhile in Cameroon, the new 0.5Mta cement works at Nomayos should commence production during the early part of 2019. ACC’s first half cement volume increased by 7.7 per cent to 14.35Mt and the ready-mixed concrete output advanced by 20 per cent to... |
Caribbean Cement's net profit rises in 2Q1802 August 2018, Published under Cement NewsCaribbean Cement Company's net profit for the April to June quarter rose to JMD704m (US$5.24m) compared to was up from JMD629m during 2Q17. The company's revenues also rose by 11 per cent to JMD4.4bn in the 2Q18. In the first six months of 2018, the cement producer earned JMD8.8bn in revenue, which represented an increase of nine per cent over the corresponding period last year. |
Lucky Cement earns PKR12.20bn after-tax profit in FY1801 August 2018, Published under Cement NewsLucky Cement earned after-tax profit of PKR12.2bn (US$98.4m) in FY18 as compared to PKR13.69bn in the same period last year, said the company filing to PSX. Experts comment that Lucky Cement's net sales grew by only 4.1 per cent YoY to PKR47.54bn despite a 9.3 per cent YoY increase in dispatches, largely due to lower retention prices during the year. Cost of sales grew by 25 per cent YoY PKR30.59bn, mainly on account of elevated coal and fuel oil prices on the international market, the dev... |
Arabian Cement posts net loss in 2Q1801 August 2018, Published under Cement NewsSaudi cement manufacturer Arabian Cement has recorded a SAR50.9m (US$13.57m) net loss in the second quarter of 2018, compared with a SAR35.5m profit seen in the year-ago period. Net sales also saw a significant 51.5 per cent YoY fall to SAR107.8m from SAR222.4m in the period. |
HeidelbergCement's group revenue improves by 4% to EUR4.8bn in 2Q1831 July 2018, Published under Cement NewsHeidelbergCement group revenue rose by four per cent in the second quarter to EUR4.8bn from EUR4.6bn in 2Q17. However, negative currency effects of EUR226m had an adverse impact on revenue. Adjusted for currency and consolidation effects, revenue increased by nine per cent due to sales volume growth in all business lines and successful price increases. In the second quarter, the group's cement and clinker sales volumes rose by three per cent to 33.7Mt, up from 32.6Mt in 2Q17. Adjusted for ... |
Qassim Cement Q218 sees 65% profit fall31 July 2018, Published under Cement NewsSaudi cement producer Qassim Cement reported a 65.4 per cent fall in net profit to SAR18.4m in the second quarter of 2018, when compared with a net profit of SAR53.2m in 2Q17. Sales declined by 34.8 per cent from SAR135.1m in 2Q17 to SAR88.1m in the April-June 2018 period. |
Najran Cement losses surge to 651% in 2Q1831 July 2018, Published under Cement NewsSaudi Arabia’s Najran Cement’s losses reached SAR-31.73m (US$-8.46m) in the second quarter of 2018, representing an increase of SAR4.2m when compared with the 2Q17, according to a statement to the Saudi Stock Exchange (Tadawul). Quarter-on-quarter the company’s losses increased 212 from SAR18.18m. Najran has attributed the slide to a drop in average selling prices, combined with a fall in sales volumes as demand has fallen and competition increased. Higher production and finance costs... |
SCG Vietnam reports 20% revenue increase in 1H1831 July 2018, Published under Cement NewsSiam Cement Group (SCG) Vietnam has announced a 20 per cent surge in revenue to VND14.53trn (US$631.74m) in the first half of the year. The 2Q18 saw the company record a 28 per cent YoY rise in revenue to VND8.46trn, on the back of a large contribution from the packaging business, according to Viet Nam News. |
Nigeria’s CCNN sees profit after tax more than double30 July 2018, Published under Cement NewsThe Cement Co of Northern Nigeria (CCNN) reported a revenue of NGN19.588bn (US$54.2m) in 2017, representing a 31.6 per cent rise when compared with revenues of NGN14.088bn of the previous year. CEO of the BUA Group, CCNN’s parent company, Abdul Samad Rabiu, attributed the rise to improved cement prices and efficient cost management. Gross profit in 2017 reached NGN7.605bn, nearly double the NGN3.936bn recorded in 2016. Profit after tax increased from NGN1.254bn in 2016 to 3.224bn one ... |
Titan looks for a stronger 2H18 performance27 July 2018, Published under Cement NewsThis week, Titan Cement Group announced its 1H18 results , which were hit by the strengthening euro against foreign currencies. Turnover fell by 7.9 per cent YoY to EUR712.5m in the first six months of 2018 from EUR773.8m in 1H17 while EBITDA declined from EUR142.1m in 1H17 to EUR122.2m in 1H18. Despite this, the group recorded significantly higher net profits than in 1H17 at EUR24.8m (1H17:EUR13.9m). Looking ahead, the Greek multinational is counting on improved weather in the USA and f... |