Cement News tagged under: business results
Sumitomo Osaka Cement sees 4% revenue rise in FY17-1810 May 2018, Published under Cement NewsJapan-based Sumitomo Osaka Cement Co reported a 4.4 per cent rise in group revenues to JPY244.93bn (US$2.23bn) for FY17-18 ending March 2018 from JPY234.06bn in the previous financial year. Operating profit fell -11.8 per cent from JPY21.53bn in FY16-17 to JPY18.99bn in FY17-18 while pretax profit slipped 9.6 per cent to JPY20.15bn from JPY22.63bn in the same period. The company’s net profit was 9.6 per cent lower at JPY14.66bn in FY17-18 from JPY16.21bn in FY16-17. Sumitomo Osaka Ceme... |
Hsing Ta reports 13% rise in April revenues10 May 2018, Published under Cement NewsTaiwan’s Hsing Ta Cement announced a 13.2 per cent increase in revenues to TWD545,209,000 in April 2018 from TWD481,754,000t in April 2017, according to information from the Taiwan Stock Exchange. For the first four months of 2018, revenues were 10.7 per cent higher at TWD1,606,589,000, from 1,451,756,000t in the year-ago period. |
Asia contributes strongly to HeidelbergCement 1Q18 results09 May 2018, Published under Cement NewsHeidelbergCement's 1Q18 results saw sales volumes in Europe and North America impaired by a long winter and a reduced number of working days, but some emerging countries recorded considerable increases. Declining sales volumes in Europe and North America were more than offset by significant growth in Asia-Pacific and Africa-Eastern Mediterranean Basin, reports HeidelbergCement. During the first quarter, the group's cement and clinker sales volumes rose by two per cent to 28.2Mt (previous y... |
Loma Negra reports 1Q YoY results growth09 May 2018, Published under Cement NewsArgentina-based producer Loma Negra reported a 41.6 per cent rise in net revenues in the first quarter of 2018 to ARS4534m (US$230m) as the company’s combined cement, masonry and lime sales volumes in Argentina increased 9.5 per cent YoY and prices were favourable. Adjusted EBITDA advanced 40.6 per cent YoY to ARS1166m although the EBITDA margin remained flat at 25.7 per cent. In addition, Loma Negra’s concrete volumes in Argentina jumped 44.8 per cent to 0.25Mm 3 as public infrastr... |
Martin Marietta reports a weak Q1 on lower volumes09 May 2018, Published under Cement NewsMartin Marietta Materials, which last month completed its acquisition of Bluegrass, then the largest privately-held US aggregates company, has announced a first-quarter turnover five per cent below the comparable period last year at US$802m, while EBITDA showed a 16.5 per cent reduction to US$123.3m. The trading profit declined from US$77.2m to US$39.1m, a 49.4 per cent fall. After a net interest charge that was 67.9 per cent higher at US$35.1m and after other items, the pretax profit emerge... |
Fauji Cement 9M net profits total PKR2.12bn09 May 2018, Published under Cement NewsAccording to Board of Directors report of Fauji Cement Co Ltd (FCCL), during the nine-month period ended 31 March 2018, it earned a net profit of PKR2.12bn (US$18.36m) as compared to PKR1.972bn (US$17m) in the same period last year. FCCL achieved capacity utilisation of 98 per cent, compared to 87 per cent in the corresponding period of the last year. FCCL's local dispatches stood at 2.328Mt, compared to 2.132Mt during the corresponding period of the last year, showing an increase of nin... |
LafargeHolcim reports continued sales growth in 1Q1808 May 2018, Published under Cement NewsLike-for-like net sales were up 3.1 per cent to CHF5.83bn, driven by growth in cement volumes, LafargeHolcim reported in its 1Q results release. In the quarter, the company sold 47.7Mt of cement, 49.8Mt of aggregates and 11.1Mm 3 of ready-mix concrete. While cement sales were up 3.2 per cent on a like-for-like basis, aggregate and ready-mix concrete sales slipped by 1.4 and 1.1 per cent, respectively. Recurring EBITDA was down 7.7 per cent on a like-for-like basis, affected by a harsh wi... |
Holcim Philippines' net income drops in 1Q1808 May 2018, Published under Cement NewsHolcim Philippines Inc (LafageHoclim group) said net income in the first three months of the year dropped 25 per cent due to higher energy costs and lower cement prices. Holcim reported that net income for the period of PHP700m (US$13.49m), down from the PHP939.4m (US$18.1m) registered a year earlier. Margins were lower due to the higher cost of goods sold from higher input costs driven by fuel and power prices. Net sales fell three per cent to PHP8.6bn although cement sales volume incr... |
Southern Province Cement 1Q profit falls 3%08 May 2018, Published under Cement NewsSaudi Arabian cement producer Southern Province Cement Co has reported a 2.9 per cent YoY decrease in net profits in the 1Q18. Net profits fell to SAR102m (US$27.2m) in the three-month period ended March 2018, compared to SAR105m in 1Q17, according to the company’s statement to the Saudi Stock Exchange. Southern Province has attributed the drop to a decrease in sales due to lower demand and a lower selling price. Total sales contracted 9.6 per cent to SAR274m from SAR303m in 1Q17. |
Bangladesh cement profitability falls in 1Q1808 May 2018, Published under Cement NewsThe Bangladeshi cement industry reports a fall in profit due to the increase in raw material cost despite an increase in sales volumes of 12 per cent in 1Q18. The earnings of listed cement companies at the Dhaka Stock Exchange declined moderately for January-March quarter of 2018 as compared to the same period of the previous year as profit margins were squeezed. Cement companies saw tighter margins due several factors, including higher raw material prices, while cement prices have not incre... |