Cement News tagged under: business results

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Fecto Cement posts loss in 1HY19

02 March 2020, Published under Cement News

Fecto Cement Ltd has informed Pakistan Stock Exchange that it has posted a loss of PKR299m (US$1.48m) for the half year ended 31 December 2019 as compared to profit PKR105m, earned in the same period last year. The losses are attributed to a slide in net turnover, which decreased by 22.91 per cent to PKR1.91bn from PKR2.28bn in the same period last year. The company incurred a lesser administrative expenses and distribution costs of PKR121m and PKR62m against PKR143m and PKR102m, respectiv...

Cementos Molins reports 5% rise in net profit for 2019

28 February 2020, Published under Cement News

Cementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentine peso and the hyperinflation in the Latin American country impacted the results. Excluding this, consolidated net profit growth would have been 16 per cent while EBITDA would have advanced by 13 per cent, said the company in a statement. The company achieved a turnover of EUR797m, reporting a four per cent YoY incr...

Cahya Mata Sarawak 4Q net profit down 90%

28 February 2020, Published under Cement News

Malaysia’s Cahya Mata Sarawak Bhd’s (CMS) net profit declined 90 per cent to MYR5.4m (US$1.28m) in the fourth quarter ended 31 December 2019, compared to MYR53.5m in the 4Q18. Profit before tax decreased 76 per cent YoY to MYR20.2m in the 4Q19 from MYR83.1m in the 4Q18. CMS revenue in the 4Q19 also fell eight per cent YoY to MYR456.5m from MYR496.8m reported in the 4Q18. The reduced performance was attributed to its cement, construction, road maintenance and property development business....

Power Cement reports loss due to revenue fall in 1HY19

28 February 2020, Published under Cement News

Power Cement Ltd has announced its financial results for the half year ended 31 December 2019. It reported a loss after taxation of PKR365m (US$2.366m) compared to a profit of PKR9.7m in the corresponding period last year. The major factors responsible were reduced earnings and higher expenses together with expensive financing during this accounting period. The financing cost increased to PKR207m from PKR77m during this accounting period. The company sales decreased by 38 per cent to PKR1.2...

Arabian Cement sees 88% profit fall in 2019

28 February 2020, Published under Cement News

Arabian Cement Co posted a 87.5 per cent drop in net profit to EGP28.93m (US$1.85m) in 2019 when compared with the previous year, according to the company’s consolidated financial statement. In 2018 the company reported a consolidated net profit of EGP231.64m. The Egypt-based cement producer’s sales declined to EGP3.1bn, compared to EGP3.27bn in 2018. As a stand-alone business net profits fell to EGP30.09m in 2019 from EGP233.64m in the previous year.

LafargeHolcim's FY19 net sales total CHF26.7bn

27 February 2020, Published under Cement News

LafargeHolcim's reported that its FY19 net sales reached CHF26.72bn (US$27.49bn), up 3.1 per cent on a like-for-like basis compared to the prior year, driven by good growth in Europe and North America, good price dynamics across all business segments and higher prices in most markets. Recurring EBITDA amounted to CHF6,153m, up 6.5 per cent like-for-like for the full year, driven by good pricing, improvement in efficiencies and the company's Strategy 2022 'Building for Growth'. Record...

Dangote Cement sees modest revenue decline in 2019

27 February 2020, Published under Cement News

Nigeria’s Dangote Cement has seen a modest 1.1 per cent YoY decrease in revenue to NGN891.67bn (US$2.45bn) for 2019, compared to NGN901.21bn in the previous year. EBITDA also fell 9.2 per cent YoY to NGN395.43bn from NGN435.26bn, while the margin declined to 44.3 per cent from 48.3 per cent in 2018. Total cement sales volumes in 2019 remained largely consistent YoY at 23.566Mt against 23.535Mt in 2018. "Dangote Cement maintained strong financial performance despite a low growth environmen...

Adelaide Brighton sees revenue down 8% in 2019

27 February 2020, Published under Cement News

Australia’s Adelaide Brighton Ltd has reported a 74.5 per cent YoY fall in net profit to AUD47.2m (US$31.1m) for 2019, decreasing from AUD185.2m in the previous year. Revenue also declined 7.5 per cent to AUD1.517bn from AUD1.630bn. The company’s EBITDA was down 23 per cent to AUD271.6m from AUD352.8m in 2018. "In 2019, construction materials markets softened on the eastern seaboard of Australia, particularly in Queensland and New South Wales – driven by an oversupply of multi-residential ...

East African Portland Cement announces 8% revenue increase

27 February 2020, Published under Cement News

Kenya’s East African Portland Cement has reported a KES1.63bn (US$16.1m) net loss in the first half of the financial year, ending 31 December 2019. This is largely consistent with the KES1.62bn net loss seen in the 1HFY18-19. However, the company’s revenue increased eight per cent to KES1.48bn, compared with KES1.37bn in the corresponding period of the previous year.

Boral posts lower 1H earnings

26 February 2020, Published under Cement News

Boral Ltd reported a statutory net profit after tax (NPAT) of AUD137m (US$90m) for the half-year ended 31 December 2019, after significant items of AUD20m. The half-year results reflects lower 1H earnings from Boral Australia and USG Boral due to cyclical declines in Australian and South Korean housing markets, partially offset by improvement initiatives. Volume pressures and higher costs also affected earnings of Boral North America. EBITDA of AUD439m and EBITDA from continuing operations ...