Pakistan cement firms' profitability remain vulnerable in 1H19
Both Attock Cement and Lucky Cement recorded a fall in profit in their half-yearly results. According to Intermarket Securities Ltd, during 1H19 it is expected that the top ceme...
Business Results
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HeidelbergCement targets cash generation
This week the trend for divestments from the large multinationals was again demonstrated by LafargeHolcim's admission that it may seek a buyer for its operations in the Philippi...
FLSmidth records higher order intake in 2018
FLSmidth released its 2018 annual report which records strong order intake, revenue growth and steps taken to improve profitability in cement. Order intake grew to DKK21.741bn (...
Lucky Cement records net profits of PKR5.8bn for 2H18
Lucky Cement Ltd reported net profit after tax of PKR5.80bn (US$41.47m) after taking out PKR0.34bn attributable to non-controlling interests for the half year ended 31 December ...
Asia Cement records 83% revenue surge in 2018
South Korea’s Asia Cement has announced a 82.8 per cent YoY increase in revenue in its preliminary unaudited results for the 2018 period, rising to KRW843.3bn (US$754.1m) from K...
UltraTech
UltraTech has posted a 19 per cent YoY increase in its net sales in 3QFY19 with consolidated sales coming in at INR92,580m (US$1.29bn), compared to INR77,790m in 3QFY18. Over th...
SCG records 6% rise in revenue for 2018
Thailand’s Siam Cement Group (SCG) announced a six per cent YoY rise in sales revenue to THB478.4bn (US$15.3bn) for 2018. However, profit for the year decreased 19 per cent from...
Eagle Materials posts a 7% fall in revenue for 3QFY19
US-based Eagle Materials has reported a seven per cent YoY fall in revenue to US$333.3m in the third quarter of FY19, ended 31 December. Net earnings fell 43 per cent to US$57.7...
Unacem reports 6% rise in sales but 48% drop in net profit
Peru-based Unacem has reported 4Q18 sales of PEN507.8m, up 5.6 per cent when compared with sales of PEN481m in the equivalent period of the previous year. Operating profit incre...
Ramco Cements records 15% revenue increase
India’s Ramco Cements Ltd has announced an 18 per cent fall in net profit to INR1.01bn (US$14.18m) for the quarter ending 31 December 2018, compared with INR1.23bn recorded in t...