Cement News tagged under: business results
Tokyo Cement suffers LKR285m loss01 June 2018, Published under Cement NewsSri Lanka's Tokyo Cement Co (Lanka) Plc has reported a LKR285m (US$1.79m) loss in the March 2018 quarter compared with a profit of LKR911m a year ago. Group sales fell two per cent to LKR8.8bn over the period, according to interim accounts filed with the stock exchange. In the year to 31 March 2018, Tokyo Cement made a net profit of LKR2.27bn although sales were down one per cent to LKR36bn. |
Attock Cement seeks gypsum/laterite supplier01 June 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has invited a tender for the bulk supply of gypsum and laterite in 2018-19. According to the company announcement, offers are invited for the supply of approximately 120,000t of gypsum and 120,000t of laterite between July 2018-June 2019 at its cement plant located at Hub Chowki, Lasbela, Balochistan. Bids are due on 21 June 2018. Sales review 9MFY18 In the first nine months of the 2017-18 financial year, the company's overall cement dispatches of comp... |
Lafarge Czech Republic plans to invest CZK100m in upgrades31 May 2018, Published under Cement NewsLafarge Czech Republic has announced that it plans to invest CZK100m (US$4.54m) in plant upgrades. Half of the total amount has already been used in the reconstruction of the chimney flue gas filter into a more modern version which is 20 times more efficient, according to the press release. The company also plans to invest CZK40m in technology for storing, handling and dispensing alternative fuels into the clinker firing system. Furthermore, the cement plant is expected to improve noise em... |
National Cement Co makes net loss of EGP744m before tax31 May 2018, Published under Cement NewsNational Cement Co of Egypt recorded a net loss of EGP744m (US$41.5m) before taxes during the first nine months of fiscal year 2017-18, compared to a loss of EGP615.6m in fiscal year 2016-17. The company's financial indicators showed a total loss of EGP486.1m during the same period of the current fiscal year, compared to EGP422.9m in the nine months of the previous year. The company attributed the loss to production difficulties and the poor condition of the kiln. Meanwhile, the A... |
Semen Indonesia30 May 2018, Published under Cement NewsApril 2018 saw Semen Indonesia record a 7.1 per cent YoY increase in sales. Domestic sales for the month came in at 2,114,578t, which along with exports of 279,945t, brought total sales to 2,394,523t, compared to 2,234,869t in the same period a year earlier. During the same month, Thang Long Cement JSC (TLCC), Semen Indonesia’s Vietnamese subsidiary, saw its domestic sales advance by 3.1 per cent YoY to 179,050, while its exports leapt 107.6 per cent to 91,149t. This took total group sales t... |
Cementos Argos30 May 2018, Published under Cement NewsIn the opening quarter of 2018, Cementos Argos reported an 8.2 per cent fall in revenue to COP1.9trn (US$670m), versus COP2.7trn in 1Q17. Over the same period EBITDA improved by 31.2 per cent to COP371bn while adjusted EBITDA were up two per cent at COP300bn. The quarter saw consolidated cement and ready-mixed concrete (RMC) volumes decline with cement volumes falling from 3.8Mt in 1Q17 to 3.7Mt in the same period this year, marking a contraction of 4.1 per cent. RMC volumes decreased 7.... |
PT Indocement30 May 2018, Published under Cement NewsIn the opening quarter of 2018, PT Indocement’s net revenue advanced by 1.9 per cent to IDR3439bn (US$244m), compared to the same period a year earlier. However, gross profit fell by 15.2 per cent YoY from IDR1163bn to IDR986bn. As a result, basic earnings per share contracted from IDR133.53 in 1Q17 to IDR71.79 in the same quarter this year. According to the Indonesian Cement Association, cement sales in the country grew by 6.6 per cent YoY to 15.7Mt in the first quarter of this year. Mar... |
Anhui Conch30 May 2018, Published under Cement NewsThe first quarter of 2018 saw Anhui Conch improve its revenue by 37.59 per cent YoY to CNY18,766m (US$2943m), mainly due to an increase in selling prices. Over the same period, operating profit advanced by 120.55 per cent to CNY6191m and total profit came in at CNY6311m, up 114.9 per cent. Net profit in the first three months of 2018 stood at CNY4902m, an uptick of 114.9 per cent YoY, giving a net profit attributable to shareholders’ of CNY4778m, an increase of 121.9 per cent YoY. Basic e... |
Prism Cement reports 13% net sales increase in 4QFY1830 May 2018, Published under Cement NewsIndia’s Prism Cement Ltd has reported a 13.4 per cent YoY increase in net sales to INR16.14bn (US$238.94m) for the 4QFY18. EBITDA surged 40.3 per cent to INR1.69bn, while its EBITDA margin expanded to 10.6 per cent. However, profit after tax decreased 10.6 per cent to INR627m. The cement sector saw sales volume growth to 1.7Mt in the quarter, according to India Infoline. EBITDA/t increased to INR819/t from INR580/t of the year-ago period. |
Burnpur Cement announces net loss in FY1830 May 2018, Published under Cement NewsIndia’s Burnpur Cement reported a INR39.5m (US$585,316) net loss in the quarter ending 31 March 2018, improving from the INR233.1m net loss of the year-ago period. Furthermore, sales increased 419.8 per cent to INR186.1m from INR35.8m. In the full-year FY18 period, the company recorded a INR444.9m net loss (FY17: INR597.7m). However, sales decreased 43.4 per cent to INR420.6m (FY17: INR743.4m). |