PPC reports 8% rise in 1H revenues
PPC posted an eight per cent increase in 1HFY18-19 revenues to ZAR5.597bn (US$403.9m) on the back of strong growth in the rest of Africa as the company’s performance in its dome...
Business Results
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Ecocem pretax profit declines 38%
Slag cement producer Ecocem Materials Ltd reported a rise in turnover of 9.4 per cent in 2017 to EUR79.4m (US$90.5m) from EUR72.6m in the previous year. Pretax profit decreased ...
Lafarge Malaysia records 3Q18 net loss of MYR109m
Lafarge Malaysia recorded a net loss in 3Q18 of MYR109.28m (US$26m) down 160 per cent from MYR42.01m in 3Q17. Revenue fell by 14 per cent YoY to MYR495.1m in 3Q18. The decline i...
Anjani Portland records 15% net sales increase
India’s Anjani Portland Cement has reported a 15 per cent increase in net sales to INR1.05bn during the 2QFY18-19 ended 30 September, rising from INR912.9m of the year-ago perio...
Cementos Argos reports 13% rise in 3Q net income
Cementos Argos revenues edged up 1.1 per cent to COP2218bn (US$692.6m) in the third quarter of 2018 from COP2194bn in the 3Q17. In terms of sales volumes, the company increased ...
Sephaku Cement looks to cost-cutting measures despite net profit rise
Sephaku Holdings is embarking on a cost-reduction programme to reduce head office expenses over the next year. The initiative is in response to the current declining demand due ...
JK Lakshmi reports 41% fall in net profit
India’s JK Lakshmi Cement has reported a 41 per cent YoY fall in net profit for the 2QFY18-19 ended 30 September, to INR78.1m (US$1.08m) from INR132.3m. However, total income ro...
Mangalam Cement records 22% income increase
India-based Mangalam Cement Ltd has announced a 22.4 per cent YoY increase in total income to INR2.91bn (US$40.3m) for the 2QFY18-19, rising from INR2.38bn. Net profit advanced ...
Kuwait Portland Cement reports KWD7.8m in 9M profit
Kuwait Portland Cement has posted a net profit of KWD2.4m (US$7.9m) in 3Q18, down 23.1 per cent when compared with KWD3.12 in 3Q17, according to a company statement on the Kuwai...
Star Cement records 45% rise in net profit
India’s Star Cement Ltd has reported a 28.7 per cent YoY rise in net sales to INR3.62bn (US$49.98m) for the 2QFY18-19 ended 30 September, from INR2.81bn of the year-ago period. ...