Cement News tagged under: business results
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... |
Anhui Conch26 April 2018, Published under Cement News2017 marked a 34.65 per cent increase in revenue YoY for Anhui Conch, taking it to CNY75,310m (US$11,991m). Net attributable profit to equity shareholders came in at CNY15,898m for the year, 85.43 per cent up on 2016. Rising costs remain a challenge with consolidated costs increasing 20.77 per cent in 2017, mainly driven by a substantial increase in the price of coal. Raw material and fuel costs were also up, expanding by 17.42 and 61.78 per cent YoY, respectively. Increased domestic demand ... |
Dangote Cement26 April 2018, Published under Cement NewsDangote Cement has recorded a 16.3 per cent YoY rise in group revenue to NGN242.bn (US$673m) in the first quarter of 2018. Cement volumes over the three-month period improved by 2.8 per cent YoY to 6.2Mt, while EBITDA advanced 22.2 per cent to NGN125.9bn. Commenting on the results, Joe Makoju, Dangote’s newly-appointed group chief executive, said, “The first quarter of 2018 has started strongly with substantial increases in revenues and profitability that drove excellent cash generation a... |
PT Indocement26 April 2018, Published under Cement NewsPT Indocement sold 17.1Mt of cement in 2017, an increase of 4.4 per cent or 717,000t compared to the previous year. Domestic clinker sales came in at 650,000t. Meanwhile, national cement demand advanced by 7.6 per cent in 2017 as production capacity in the country continued to grow. According to the company, its focus on the domestic market meant its cement and clinker exports declined by 57.9 per cent YoY, falling from 390,400t in 2016 to 164,400t last year. The company’s market share contr... |
Semen Indonesia26 April 2018, Published under Cement NewsSemen Indonesia sold 6.79Mt of cement in the first quarter of 2018, up four per cent YoY. Domestic sales accounted for 6.19Mt of this, marking a 1.3 per cent improvement YoY. Exports, meanwhile, advanced by 44.9 per cent YoY to almost 0.6Mt. This compares to national growth of 6.6 per cent YoY with Indonesia reporting total cement sales of 15.72Mt in the 1Q18, compared to 14.75Mt in the same period a year earlier, according to the Indonesian Cement Association. March saw domestic consumpt... |
UltraTech Cement records revenue increase in 4QFY1826 April 2018, Published under Cement NewsIndia’s UltraTech Cement has reported a 29 per cent YoY fall in its standalone profit for the 4QFY18 period, to INR4.88bn (US$73.05m) from INR6.88bn. The decline has been partly attributed to a stamp duty of INR2.26bn and deferred tax of INR410m due to a change in tax rates. Standalone revenue rose 36.5 per cent to INR90.02bn for the period, according to Money Control. EBITDA grew 33.2 per cent to INR17.03bn from INR13.56bn, while the EBITDA margin contracted to 18.9 per cent from 19.3 pe... |
CRH 1Q18 underlying sales slip 2%26 April 2018, Published under Cement NewsA GBP16.5m (EUR19m) deal was concluded with CRH in the early part of 2018, whereby Breedon acquired four quarries and an asphalt plant in Britain in exchange for 27 ready-mixed batching plants and GBP4.9m (EUR5.6m) in cash. CRH's underlying sales in the 1Q18 declined by around two per cent, with European turnover also being off by two per cent. The Americas turnover slipped three per cent while in The Philippines there was a five per cent decline. Group EBITDA in 1H18 are expected to be s... |