Cement News tagged under: business results
Cherat Cement's 1H profits up 32%09 February 2018, Published under Cement NewsCherat Cement (CHCC) announced earnings of net profit after tax of PKR1.34bn (US$12.1m) for the July-Dec 2017 period against PKR1.02bn in the corresponding period last year, showing a YoY growth of 31.6 per cent. The company also announced in a bourse filing an interim cash dividend of PKR1/share. The company's net sales increased from PKR4.08bn to PKR7.58bn during the period. Cherat Cement incurred a distribution cost of PKR165m and administrative expenses of PKR119m compared to PK... |
FLSmidth reports positive overall results08 February 2018, Published under Cement NewsFLSmidth released its annual report on Wednesday and reported a five per cent order increase to DKK19.17bn (US$3.15bn) in 2017, driven by stronger offtake in the minerals division in 2H17 and by total service activities, but revenue declined one per cent to DKK18bn. Full-year EBITA advanced 18 per cent YoY to DKK1.515bn from DKK1.289bn in 2016, while the corresponding EBITA margin rose from 7.1 to 8.4 per cent. "2017 probably marked the trough of the business cycle, and based on our goo... |
Taiheiyo Cement sees revenue increase in 9M1708 February 2018, Published under Cement NewsTaiheiyo Cement has reported its financial results for the nine-month period ended 31 December 2017. The group revenue has increased to JPY653.06bn (US$5.95bn) from JPY592.21bn seen in the year-ago period. Similarly, operating profit grew to JPY48.68bn from JPY44.23bn of the 9M16. However, net profit has fallen considerably, finishing at JPY32.53bn in the 9M17 (9M16: JPY57.12bn). The company also released its outlook for the fiscal year period ending March 2018. The group revenue is expec... |
Tasek posts MYR5.94m loss in 4Q1708 February 2018, Published under Cement NewsMalaysian cement producer Tasek Corp Bhd reported a net loss of MYR5.94m (US$1.51m) for the fourth-quarter of 2017, down from the MYR2.14m profit in 4Q16. The company’s turnover fell 16 per cent YoY to MYR135.26 on the back of lower domestic cement sales and a lower average net selling price for cement and ready-mixed concrete, according to The Malaysian Reserve newspaper. The outlook for 2018 is mixed as the property market is expected to continue to weigh on cement demand. However, c... |
Yamama Cement profit halves in 4Q1708 February 2018, Published under Cement NewsSaudi Arabia’s Yamama Cement saw its net profits slide 51.3 per cent YoY in the 4Q17 to SAR16.9m (US$4.5m) from SAR34.8m. The company attributed the fall in profits to the drop in sales on the back of a contracting domestic market and to the rise in the allocated amount for Zakat by SAR5.7m. For the full year 2017, profits declined 69.5 per cent to SAR109.9m, from SAR357.9m in 2016. |
Slow Tamil Nadu sales affect Ramco 3Q net profit07 February 2018, Published under Cement NewsRamco Cements has seen its 3QFY17-18 net profit dragged down on the back of lacklustre demand in its core market of Tamil Nadu, India. Net profit fell to INR1.227bn from INR1.519bn in the quarter ended 31 December 2016, according to The Hindu newspaper. Revenues edged up from INR9.647bn to INR10.615bn over the period. The company’s CEO, AV Dharmakrishnan, said with demand soft in Tamil Nadu, Ramco has had to look increasingly further afield for sales and he reported the eastern region is ... |
PPC records sales growth06 February 2018, Published under Cement NewsPPC reported that it has seen its sales volume grow by over 20 per cent YoY in Rwanda and Zimbabwe, for the nine-month period ended 31 December 2017. Assisted by stable pricing and a positive export performance, volumes increased by 20-30 per cent YoY in Rwanda. Similarly, its Zimbabwean operations registered an uptake of 30-40 per cent when compared to the year-ago period. However, PPC estimates that overall cement demand in South Africa declined by 3-4 per cent in the full-year 2017. ... |
Sharjah Cement FY17 net profit up 2%05 February 2018, Published under Cement NewsSharjah Cement saw net profit edge up 1.6 per cent to AED65m (US$17.7m) in 2017 from AED64m a year ago, according to Reuters. Revenues of the UAE cement producer rose 6.2 per cent from AED612m in 2016 to AED650m last year. |
Hail Cement sees drop in 2017 profit30 January 2018, Published under Cement NewsSaudi Arabia’s Hail Cement reported a 84.4 per cent YoY fall in its net profit to SAR15.5m from SAR99.7m. Total sales decreased 39.5 per cent from SAR272.1m in 2016 to SAR164.5m in 2017. The company attributed its decrease in net profit to reduced demand, tough competition and falling prices. |
Peru’s Unacem swings into profit in 4Q1729 January 2018, Published under Cement NewsUnión Andina de Cementos reported a profit of PEN34.5m (US$10.7m) in the 4Q17. The result, which is a marked improvement when compared with the loss of PEN42.3m in the same period of the previous year, was driven by the progress of public and private works. The Peruvian producer’s billed cement shipments edged up to PEN1789.2m in 4Q17. Cost of sales during the quarter rose to PEN302.8m while financial expenses advanced to PEN60m. |