Cement News tagged under: business results
Gujarat Sidhee Cement commissions WHR plant28 February 2018, Published under Cement NewsGujarat Sidhee Cement has commissioned a 5.5MW waste heat recovery unit at its plant in Sidheegram, with effect from Sunday. Elsewhere, the company reported positive results for the 3Q17, with sales rising 21.2 per cent YoY to finish at INR1.28bn (US$19.78m). Net profit reached INR46.2m, compared to a net loss of INR43.5m seen in the year-ago period. |
Gharibwal Cement earns PKR752m in 1HFY17-1828 February 2018, Published under Cement NewsGharibwal Cement Ltd (GCL) has announced its financial results for the half year ended 31 December 2017. It reported a profit after tax of PKR752m (US$6.7m) compared to PKR1.112bn, a fall of 32 per cent YoY. According to a notification of the company to the Pakistan Stock Exchange (PSX), GCL's sales decreased to PKR5.47bn from PKR5.52bn during this period. It incurred a distribution cost of PKR10m against PKR13m in 1HFY16-17. The administrative expenses stood at PKR193m compared to PKR18... |
Power Cement announces increase in sales28 February 2018, Published under Cement NewsPower Cement Ltd (PCL) has announced a fall of 18 per cent YoY in profit after tax for the half year ended 31 December 2017. According to a notification to the Pakistan Stock Exchange on 26 February, PCL's sales increased by 1.5 per cent to PKR2.09bn (US$18.85bn) compared to PKR2.06bn, recorded in the corresponding period last year. PCL incurred a distribution cost of PKR67m against PKR54m of the year-ago period. Alongside this, administrative expenses also rose to PKR57m (1HFY16-17: PKR3... |
Kohat Cement profits fall by 25% in 1HFY17-1827 February 2018, Published under Cement NewsKohat Cement Co Ltd (KCCL) has announced a fall of 24.9 per cent in profit YoY for the half year ended 31 December 2017. KCCL reported a profit after tax of PKR1.644bn (US$4.6m) compared to PKR2.19bn (US$6m), earned in corresponding period last year. According to a notification of company to Pakistan Stock Exchange (PSX) on 26 February, its sales dropped by four per cent to PKR6.867bn from PKR7.164bn during this period. KCCL incurred a distribution cost of PKR68m against PKR71m in 1HFY1... |
Raysut Cement reports negative results for 201727 February 2018, Published under Cement NewsOman-based Raysut Cement Company has reported negative sales revenue and net earnings results due to competition from UAE producers and ongoing socio-economic disturbances in Yemen, according to the Times of Oman. "There has been severe competition across markets, coupled with socio-political disturbances in Yemen. Unabated supply of cement from the UAE due to surplus capacity and price decline has caused a dent in prices and volume of sales in the northern markets of Oman," stated the com... |
QNCC to increase capacity in 2H1826 February 2018, Published under Cement NewsQatar National Cement Company (QNCC) is expected to increase its production capacity by 5500tpd during 2H18, due to the start-up of a new plant later in the year. The company also announced that its total production of OPC and SRC cement decreased to 3.5Mt in the 2017 full-year period, compared to 3.7Mt of the previous year. Similarly, cement sales fell 8.1 per cent YoY to 3.4Mt from 3.7Mt. Total sales revenue dropped 10 per cent from QAR1.14bn (US$313.19m) to QAR1.03bn in 2017. The co... |
Dewan Cement reports 1% profit rise in 1HFY17-1826 February 2018, Published under Cement NewsDewan Cement Ltd (DCL) has announced its financial results for the half year ended 31 December 2017. It reported a profit after tax of PKR550m (US$4.96m), c ompared to PKR476m (US$4.29m) in the corresponding period last year – representing a growth of 15.5 per cent YoY. According to a notification of company to Pakistan Stock Exchange (PSX), the company's sales increased to PKR6.45bn from PKR6.19bn during this period. Distribution costs of PKR106m were incurred against PKR96m in 6... |
CMS sees 27% rise in earnings23 February 2018, Published under Cement NewsCahya Mata Sarawak Bhd (CMS), Malaysia, saw its earnings rise 27.2 per cent to MYR215.2m (US$55m) in the financial year ended 31 December 2017 from MYR169.2m in 2016 although earnings in 4Q17 were lower. Earnings related to the company’s four divisions: cement, construction and road maintenance, cosntruction materials and trading, and property development. Total revenues in 2017 increased by 3.6 per cent YOY to MYR1.6bn from MYR1.55bn. CMS also recorded a higher share of profit of MYR... |
Fecto Cement plans greenfield project23 February 2018, Published under Cement NewsPakistan-based Fecto Cement Ltd has announced plans to construct a 6000tpd greenfield plant and a 9MW waste heat recovery (WHR) power plant in Palai, Khyber Pakhtunkhwa. The decision to expand was undertaken following the receipt of an exploration licence for limestone mining and to meet the growth in cement demand. Elsewhere the company modified its Sangjani plant by replacing coal dosing equipment and the motors of both induced draught fans, which increased clinker production to 2760tpd... |
Cementos Argos22 February 2018, Published under Cement NewsCementos Argos has reported consolidated cement volumes of 4.04Mt in 4Q17, up 17.6 per cent compared to the same period last year. This takes the full-year volume to 16.275Mt, an increase of 16.5 per cent YoY. According to the company, the increase in volumes is due to “positive dynamics” in the US and Central America and the Caribbean regions. Revenue in 4Q17 came in at COP2107bn (US$729m), an advance of 5.1 per cent versus 4Q16, with full-year revenue of COP8533bn, a YoY improvement of ... |