Cement News tagged under: business results
LafargeHolcim02 May 2018, Published under Cement NewsThe Indian Holcim subsidiary ACC Ltd has increased cement deliveries 7.7 per cent to 7.11Mt and ready-mix concrete by 16.7 per cent to 0.84Mt in the first quarter of 2018. The turnover improved by 14.4 per cent to INR35.57bn (EUR439.9m). EBITDA expanded by 18 per cent to INR4.92bn crore (EUR55.5m), while the pretax profit jumped by 44.1 per cent to INR3.76bn (EUR46.5m). However, the company’s net attributable profit was ahead by a more modest 18.5 per cent to INR2.5bn (EUR30.9m). Unlike ... |
A strong domestic market drives Dangote's 1Q18 results30 April 2018, Published under Cement NewsThis week Dangote Cement Group reported on its 1Q18 business results that saw group revenues surge up 16.3 per cent to NGN242.1bn (US$0.67bn). Cement sales in Nigeria have been particularly strong rising by 5.3 per cent to 3.97Mt, while exports from the company’s homeland have risen to 211,000t in 1Q18 with Togo, Niger and Ghana the main export destinations. Pan-African sales increased 4.4 per cent YoY to 2.24Mt. "The first quarter of 2018 has started strongly with substantial incre... |
Shree Cement reports 31% increase in net profit30 April 2018, Published under Cement NewsIndia’s Shree Cement has reported a 31.1 per cent YoY rise in standalone net profit for the quarter ending 31 March 2018, increasing to INR3.99bn (US$60.14m) from INR3.04bn. Net revenue surged 18.1 per cent to INR28.11bn, compared to INR23.80bn of the year-ago period. The cement sector helped boost the revenue, with a six per cent uptick in cement sold. This has been attributed to an increased demand in the northern and central regions of the country, according to Live Mint. However, fue... |
Czech Cement Hranice sees 6% YoY sales rise in 201730 April 2018, Published under Cement NewsCement Hranice reported a 6.3 per cent YoY sales increase to CZK1.569bn (US$74.6m) in 2017 from CZK1.476bn in the previous year. The Dyckerhoff-owned Czech producer supplied product with a value of around CZK1.12bn of sales to the domestic market and a further CZK450m represented exports, according to the Czech News Agency. "The year 2017 was characterised by a growth in the volume of sales both in the Czech Republic and Slovakia. The Czech construction sector continued growing, and than... |
Hail Cement reports 49% fall in net profit for 1Q1830 April 2018, Published under Cement NewsSaudi Arabia’s Hail Cement recorded a 48.9 per cent YoY fall in net profit for the 1Q18, decreasing to SAR4.23m (US$1.13m) from SAR8.28m. The company attributed the results to a decline in prices, drop in demand and strong competition, according to a statement to the Saudi Stock Exchange. Despite this, the profit results were a 6.9 per cent QoQ increase. Additionally, sales rose 9.7 per cent to SAR48.73m, compared with SAR44.4m of the year-ago period. |
Cemex Philippines sees 6% in 1Q turnover27 April 2018, Published under Cement NewsCemex Philippines 1Q18 turnover amounted to US$113.6m, an increase of six per cent, while in peso terms this amounts to a 9.9 per cent advance to PHP5891m. EBITDA declined by 17.3 per cent to PHP886m, which translates into a 20.1 per cent reduction to US$17.1m. The pretax profit dropped by 77.4 per cent to US$2m and the net attributable loss was odd by 72.3 per cent to US$1.9m. Cement shipments increased by 16 per cent as production volume advanced by 19 per cent thanks to the de-bottlen... |
A strong domestic market drives Dangote's 1Q18 results27 April 2018, Published under Cement NewsThis week Dangote Cement Group reported on its 1Q18 business results that saw group revenues surge up 16.3 per cent to NGN242.1bn (US$0.67bn). Cement sales in Nigeria have been particularly strong rising by 5.3 per cent to 3.97Mt, while exports from the company’s homeland have risen to 211,000t in 1Q18 with Togo, Niger and Ghana the main export destinations. Pan-African sales increased 4.4 per cent YoY to 2.24Mt. "The first quarter of 2018 has started strongly with substantial increases ... |
Cemex reports increase in net sales in 1Q1827 April 2018, Published under Cement NewsCemex has announced a 92.3 per cent YoY fall in profit for the 1Q18, decreasing from US$336m to US$26m. The sharp decline has been attributed to higher operating expenses and foreign exchange loss. Operating EBITDA declined four per cent to US$535m, while the EBITDA margin was down 1.9 per cent YoY at 18.8 per cent. However, the company has recorded an eight per cent increase in overall net sales to US$3.38bn from US$3.14bn. Consolidated cement volumes increased by one per cent to 1... |
Cemex Latin American Holdings hurt by lower volumes in Colombia and Panama27 April 2018, Published under Cement NewsCemex Latin American Holdings' turnover declined by 8.4 per cent in first quarter of the year to US$301.1m, while EBITDA came off by 28.8 per cent to US$65.9m. At the trading level there was a 36 2. per cent profit reduction to US$44.1m. After an 11.4 per cent decline in the interest charge to US$14.8m and other items, the pretax profit showed a 15.9 per cent reduction to US$48.2m and the net attributable profit emerged 15.3 per cent lower at US$30m. Net debt at the end of March was 3.4 ... |
Lucky Cement to establish 1.2Mta Samawah grinding plant27 April 2018, Published under Cement NewsLucky Cement Ltd of Pakistan is planning to set up greenfield clinker production facility in southeast of Baghdad, Iraq, according to Irfan Chawala, the ompany's CFO in information sent to Pakistan Stock Exchange (PSX). Lucky Cement plans to set up a 1.2Mta clinker line in Samawah as a step to becoming self-sufficient in terms of clinker production in the country.The US$109m project will be carried out as a joint venture with an existing local partner and is subject to all regulatory and s... |