Cement News tagged under: business results
Qassim Cement sees 38% drop in profit29 January 2018, Published under Cement NewsSaudi Arabia’s Qassim reported a 26.5 per cent YoY fall in sales to SAR626m in 2017 from SAR852m. Net profit fell 37.8 per cent from SAR405.1m in 2016 to SAR251.8m one year later. Qassim Cement runs a single 4.4Mta plant with two kiln lines in Buraydah, central Saudi Arabia. The company had a 7.4 per cent market share in 2016, according to The Global Cement Report, 12th Edition. |
Vietnam’s VVMI La Hien profit slips 1% in 201729 January 2018, Published under Cement NewsVVMI La Hien Cement JSC reported a one per cent YoY decrease in its net profit to VND27.98bn (US$1.23m) in 2017. The company’s revenue fell one per cent YoY to VND649.46bn in 2017. In 4Q17 the Vietnamese cement producer saw a a more than two-fold rise of its net profit to VND18.37bn and a 12.3 per cent increase of its net revenue to VND221.79bn. |
UltraTech Cement25 January 2018, Published under Cement NewsIn its unaudited results for the quarter ending 31 December 2017, UltraTech Cement reported consolidated net sales of INR78,970m (US$1.23bn), compared to INR59,270m in the same period a year earlier. Profit before interest, depreciation and tax for the quarter came in at INR14,940m, versus INR12,800m in the same period in 2016. Profit after tax was INR4560m, against INR5950m in the 3QFY17. According to the company, the quarter ending 31 December 2017 saw an increase in variable costs attr... |
Anhui Conch25 January 2018, Published under Cement NewsChina’s Anhui Conch has issued a positive profit alert for 2017 stating that the company expects to record “significant growth in results” and an increase of between 70-90 per cent in its net profit for the year, compared to 2016. According to the alert, the group forecasts net profit for last year to come in at between CNY5.97bn-7.68bn (US$936.7m-1205.1m). The rise in profit is being attributed to “the positive impact of the supply-side structural reform of the cement industry, resulting... |
Carthage Cement sees 12% sales drop25 January 2018, Published under Cement NewsTunisia-based Carthage Cement reported a 12 per cent YoY decline in its revenues to TND172.9m (US$72.2m) when compared with revenues of TND196.1m in 2016. While sales in the domestic market slipped by two per cent YoY to TND125.2m, exports saw an 80 per cent contraction to TND4.4m. Tunisian exports to Algeria, where a rapid capacity build-up has affected imports, have fallen by some 79 per cent YoY. The company invested some TND12.26m in 2017, down 40 per cent when compared with the p... |
SCG cement revenues up 6%24 January 2018, Published under Cement NewsThai conglomerate Siam Cement Group (SCG) saw a 14 per cent YoY rise in consolidated sales in 4Q17 to THB113.4bn, as growth in the Packaging business offset a slight decline in the Chemicals division, reports the company. Consolidated EBITDA advanced by seven per cent YoY to THB26.593bn. Revenues from SCG’s Cement-Building Materials in 4Q17 increased six per cent YoY to THB43.372bn due to the contribution of the expanded ASEAN operations. However, EBITDA was impacted by the weakness in th... |
Bizerte sees 4% rise in turnover, but debt weighs23 January 2018, Published under Cement NewsTunisia-based Société Les Ciments de Bizerte improved its turnover by 3.7 per cent to TND63.7m when compared with TND61.4m in 2016. The company’s cement and lime deliveries increased by 3.2 per cent from 607,050t to 626,591t in 2017. Clinker production increased by just under seven per cent. Les Ciments de Bizerte expects to commission new quay facilities in the first quarter of 2018 to support the company’s export sales and the discharge of petcoke for its cement works. However, ... |
UltraTech reports 37% volume jump in 3QFY1819 January 2018, Published under Cement NewsUltraTech Cement Ltd, an Aditya Birla Group Company, has announced its unaudited financial results for the quarter ended 31 December 2017 (3QFY18). Net sales stood at INR78,970m (US$1.23bn) as compared to INR59,270m (US$145.4m) in the corresponding period of the previous year, the company statement read. EBITD was INR14,940m vis-à-vis INR12,800m in the corresponding period of the previous year. Profit after tax was INR4560m as against INR5950m in 3QFY17. On a standalone basis, net ... |
BBMG expects rise of up to 12% in net profit for 201717 January 2018, Published under Cement NewsBBMG Corp expects a rise in net profit of 0.5-11.5 per cent YoY for the full-year of 2017, reports Nikkei. This translates to a net profit between CNY2.7bn (US$418.9m) and CNY3bn for the period. The significant increase shown in these preliminary results are the consequence of higher cement sales and better margins in the company’s cement and clinker businesses. After the deduction of non-recurring items, the net profit is expected to be between -11.7 and 4.6 per cent (CNY1.9-2.25bn) when... |
Raysut reports 67% profit after tax fall15 January 2018, Published under Cement NewsRaysut Cement Co of Oman has reported a 22.4 per cent drop in initial unaudited consolidated revenues in 2017 to OMR71.895m from OMR92.588 in 2016. The company’s operational profit fell by 65 per cent to OMR7.862m from OMR22.408m in the previous year. Profit before tax also saw a significant decrease at 60 per cent to OMR9.167m from OMR22.896m. Profit after tax decline by 66.6 per cent to OMR6.916m from OMR20.71m. |