Cementos Argos
On the back of positive net profits in 2018, Grupo Argos has announced plans to invest COP2.6trn (US$816m) in its energy, construction and cement subsidiaries in 2019. Improving...
Business Results
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CRH reports positive 1Q19
Ahead of tomorrow's AGM, CRH reports that the group has had a positive start to the year with 1Q19 like-for-like group sales seven per cent ahead of 1Q18. Sales volumes benefite...
Shiva Cement announces net loss in the 4QFY18-19
India’s Shiva Cement has reported a net loss of INR51.2m (US$732,110) for the quarter ended March 2019, against a net profit of INR24.1m during the year-ago period. Sales declin...
Aalborg puts Cementir on a better global footing
This week Aalborg Portland , owned by Cementir Holdings, reported a record turnover in 2018 of DKK8.895bn (US$1.37bn), the highest that the company has achieved, due to higher s...
Carthage Cement sees revenues up 3% in 1Q19
Tunisia-based Carthage Cement has reported a three per cent increase in revenues for the first quarter of 2019. Revenues were up to TND59.771m (US$19.889m) from TND54.862m. The ...
Qassim Cement announces 2% drop in 1Q19 net profit
Saudi Arabia’s Qassim Cement has announced that its net profit for the 1Q19 has fallen 2.1 per cent YoY to SAR56m (US$14.93m) from SAR57.2m. The company also reported that its s...
Aalborg Portland posts record turnover in 2018
Denmark-based Aalborg Portland has recorded a five per cent rise in turnover to DKK8.90bn (US$1.37bn) in 2018, compared with DKK8.5bn in 2017, which is the company’s highest-eve...
Bamburi Cement sees operating profit fall to KES0.8bn in 2018
Bamburi Cement (LafargeHolcim) has reported that operating profit fell to KES0.8bn (US$7.92m) in the 2018, from KES4.2bn in 2017. The decline was attributed to higher energy cos...
Raysut Cement reports 10% revenue increase in 1Q19
Oman’s Raysut Cement Co has released its unaudited consolidated financial results for the 1Q19, reporting a 9.8 per cent YoY increase in revenue to OMR23m (US$59.84m) from OMR20...
Kuwait Portland Cement sees 12% profit rise in 2018
Kuwait Portland Cement Co recorded a net profit of KWD2.49m (US$8.2m) in the 4Q18. This represents a 150 per cent YoY advance when compared with KWD997,000 (US$3.2m) in the same...