Cement News tagged under: business results
Eagle Cement's net profit rises to US$82m16 March 2018, Published under Cement NewsPhilippine-based Eagle Cement Corp increased its net profit last year by four per cent to PHP4.26bn (US$82m) on strong sales volumes. Excluding expenses from its initial public offering, net profit rose by five per cent to PHP4.33bn last year, the company disclosed to the Philippine Stock Exchange on Friday. Eagle Cement reached PHP14.87bn in net sales in 2017, a 12 per cent YoY increase. "We have continued to beat our operational targets in terms of volume growth and cost efficiencies.... |
Yanbu Cement reports 39% fall in profit for 201716 March 2018, Published under Cement NewsSaudi Arabia’s Yanbu Cement has reported a 39.4 per cent YoY decrease in profit for the full-year 2017 period, falling to SAR319m (US$85.07m) from SAR526m. The company has attributed the results to a decline in sales volume and the average price of sales, according to Mubasher. In the 4Q17 profit dropped 7.7 per cent to SAR96m, compared with SAR104m of the year-ago period. |
NCC announces 39% drop in profit for 201716 March 2018, Published under Cement NewsDubai-based National Cement Company (NCC) has announced a 38.7 per cent YoY decrease in profit during the full-year 2017 period, to AED53.58m (US$14.59m) from AED89.02m. According to a company statement, the board has recommended the distribution of AED53.8m in cash dividends for 2017, with a per-share dividend of AED0.15, as a result. The projected dividends account for 15 per cent of its capital. |
Siam City Cement posts 28% revenue increase 43% net profit dip 201714 March 2018, Published under Cement NewsSiam City Cement announced a total consolidated revenue increase of 25.8 per cent to THB43.885bn in 2017 from THB34.896bn the previous year. Net sales increased 27.6 per cent YoY to THB43.634bn from THB34.192bn during the same period. But as expenses surged 34.8 per cent YoY to THB39.632bn, the company’s profit before joint venture and associate shares, finance cost and income tax expenses fell by 22.7 per cent to THB4.253bn from THB5.501bn in 2016. Net profit came down 42.6 per cent ... |
Saudi Cement companies await upturn on 2Q18 export sales14 March 2018, Published under Cement NewsSaudi cement companies' sales in February fell 11 per cent 3.63Mt compared to sales of 4.09Mt in February 2017. However, analysts are confident that 2Q18 sales will increase on the back of higher exports. Asharq Al-Awsat reported that Saudi Arabian cement companies will rely on completing domestic construction projects and increased exports to raise revenues in 2Q18. "Saudi cement companies are positioned to boost sales in the second half of this year," said economic specialist Faisal ... |
ARM Cement issues profit warning for 201713 March 2018, Published under Cement NewsKenya-based ARM Cement has issued a profit warning for the 2017 period, suggesting that the company will post a loss of at least KES3.5bn (US$34.5m). According to a notice sent on Monday, the producer anticipates that the loss will widen by a further 25 per cent from KES2.8bn recorded in 2016. "The Group’s performance has been adversely affected by difficult market conditions and import ban for coal in Tanzania, by the prolonged and disruptive election period in Kenya, as well as a strai... |
Cementarnica Usje net profit falls 9% in 201713 March 2018, Published under Cement NewsMacedonia’s Cementarnica Usje reported a nine per cent YoY fall in its non-consolidated net profit to MKD1.09bn (US$61.8m) in 2017. The Titan-owned company’s operating profit decreased 10 per cent to MKD1.18 as operating expenses rose six per cent to MKD3.33bn, the cement producer said in a bourse filing. Operating revenues increased by three per cent to MKD4.58bn, driven by a 42 per cent YoY rise in export revenues to MKD1.56bn, which were able to set off a nine per cent contraction ... |
Chia Hsin Cement Corp reports revenue decrease in February12 March 2018, Published under Cement NewsTaiwan-based Chia Hsin Cement Corp has announced its results for the Jan-Feb 2018 period, recording a 26 per cent YoY decrease in revenue from TWD404.17 (US$13.80m) to TWD297.68m. In February the company saw a 27 per cent fall in revenue to TWD125.59m from TWD171.51m of the year-ago period. |
China Resources Holding forecasts significant increase in 1Q18 earnings12 March 2018, Published under Cement NewsChina Resources Cement Holdings (CRCH) said it expects a "significant increase" in group net profit for the first quarter ending on 31 March 2018, after it more than doubled its profit last year. Average selling prices of the company's cement products were about 33 per cent higher over the first two months of 2018 from a year earlier, the company said in a stock exchange filing. CRCH's group net profit jumped to HKD3.62bn (US$462m) in 2017, rising about 173 per cent from the year-ago perio... |
Universal Cement Corp reports revenue decrease in February09 March 2018, Published under Cement NewsUniversal Cement Corp. has reported a decrease in revenue for the February 2018 period, falling 13 per cent to TWD268.12m (US$9.14m) from TWD308.36 of the year-ago period. However, the Jan-Feb revenue increased by eight per cent YoY from TWD672.2m to TWD728.6m. |