Vicem posts major losses, prompting government intervention
Vietnam Cement Industry Corp (VICEM) has reported consolidated losses of VND1.4trn (US$58m) for 2024, triggering government intervention. Deputy Prime Minister, Tran Hong Ha, ha...
Business Results
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Indian cement makers face pressure from pricing weakness in 3QFY24-25
Indian cement manufacturers are expected to report single-digit volume growth for the third quarter of FY24-25, while profitability is likely to decline due to continued pricing...
Bestway remains Pakistan’s largest cement producer
The Board of Directors of Bestway Cement Ltd recently presented its report with unaudited financial statements for the quarter ending 30 September 2024. The company recorded a ...
InterCement sees EBITDA rise 6% YoY in 3Q24
InterCement Participações SA reported EBITDA growth of six per cent YoY in the 3Q24, on the back of margin recovery in Brazil taking into account the sale of the African operati...
Paraguay's INC reports sales of 11m bags in 11M24
Paraguayan cement producer Industria Nacional del Cemento (INC) sold 11,057,000 bags of cement in the January-November 2024 period, according to the company. The high sales volu...
Crown Cement earned a profit after tax of BDT1001m in FY24
Crown Cement PLC, in Bangladesh, recently released its annual report for FY23-24. During the last financial year, the company earned a profit after tax of BDT1001m (US$0.83m). I...
Titan Zlatna Panega reports profit surge
Bulgaria-based Zlatna Panega Cement , part of the Titan Group , saw its net profit soar to EUR8.4m in 2023 from EUR340,000 in the previous year as energy and fuel prices decline...
Cherat Packaging's revenue slides
Cherat Packaging Ltd has reported that decreased demand from the cement industry is impacting its business. According to the company’s July-September 2024 quarter (1QFY24-25) fi...
Premier Cement Mills reports lower revenue in 1QFY24-25
Premier Cement Mills PLC of Bangladesh recently announced its financial results for the July-September 2024 quarter (1QFY24-25). The company’s profit for the quarter fell to BDT...
Cemento Melón sees net loss in 9M24
Cemento Melón posted a 2.1 YoY per cent drop in revenue to CLP180,309.39m (US$184.3m) in the 9M24. Operating costs increased by 6.8 per cent YoY to CLP133,468.444m, driven mainl...