Cement News tagged under: business results

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Ramco Cements sees 4% rise in revenue

05 February 2021, Published under Cement News

India’s Ramco Cements has reported a four per cent YoY rise in revenue from operations to INR13.24bn (US$181.55m) for the December 2020 quarter. Gross earnings advanced 91 per cent YoY to INR4.03bn. However, cement sales declined 7.1 per cent to 2.6Mt from 2.8Mt in the 3QFY19-20. "The sales volume in the current quarter was impacted due to extended and above normal monsoon in Tamil Nadu, Kerala, Karnataka, AP and Telangana," said the company. Cement prices were also under pressure in all of...

Semapa sees 182% rise in 4Q20 net profit

02 February 2021, Published under Cement News

Portugal-based Semapa recorded a net profit of EUR106.6m in 2020, a 14.1 per cent YoY decrease from EUR124.1m a year earlier. In the 4Q20, net income surged 182.3 per cent YoY to EUR33.8m. Consolidated turnover was down 16.2 per cent YoY to EUR1867m in 2020, of which EUR451m came from its cement segment. EBITDA reached EUR419.3m, falling 13.9 per cent from EUR486.8m in 2019, despite the group's positive developments in cement, which grew 15.3 per cent YoY, especially in Portugal.

Eagle Materials sees 18% rise in 3Q revenues

02 February 2021, Published under Cement News

US-based Eagle Materials Inc has reported revenues of US$404.7m in the third quarter of 2020, representing a YoY increase of 18 per cent. Commenting on the third quarter results, Michael Haack, Eagle Materials president and CEO, said, “Our third quarter results demonstrate the overall resilience of our portfolio. Despite continued pandemic-related economic uncertainty, our wallboard shipments were up nine per cent, a third quarter record for American Gypsum, and our cement shipments were u...

Siam Cement sees net profit rise 7% in 2020

29 January 2021, Published under Cement News

Thailand’s Siam Cement has reported a nine per cent decline in revenue from sales to THB399.94bn (US$13.3bn) for 2020, compared to THB437.98bn in the previous year. However, its net profit rose seven per cent YoY to THB34.41bn from THB32.01bn, on the back of an improved performance in all of its businesses. The company expects its total earnings in 2021 to grow by 5-10 per cent from the THB399bn last year, driven by high value-added product development and the circular economy. "We ha...

India Cements returns to profit in 3Q

28 January 2021, Published under Cement News

India Cements has reported an INR693m (US$9.48m) net profit for the October-December 2020 period, compared to an INR94.3m net loss in the year-ago quarter. Revenue fell 4.8 per cent YoY to INR11.84bn from INR12.44bn. The top line of the company was largely impacted by the delayed effects of COVID-19, with most of the incremental demand for cement coming from the east, central and northern regions of India.

Qatar National Cement Co sees net profit down 14%

28 January 2021, Published under Cement News

Qatar National Cement Co has seen a 6.2 per cent YoY fall in sales to QAR659.62m (US$181.2m) in 2020, against QAR703.03m in the previous year. Net profit also declined 13.8 per cent YoY to QAR148.46m from QAR172.16m in 2019.

Shree Digvijay Cement sees 17% rise in revenue

28 January 2021, Published under Cement News

India’s Shree Digvijay Cement has announced a 17.2 per cent YoY increase in standalone revenue to INR1.43bn (US$19.69m) for the December 2020 quarter, compared to INR1.22bn in the year-ago period. The company also reported a 48.5 per cent YoY rise in standalone profit to INR140.2m from INR94.4m.

Ha Tien Cement sees 29% decline in net profit

28 January 2021, Published under Cement News

Vietnam’s Ha Tien Cement has reported a 28.6 per cent YoY fall in net profit to VND153.97bn (US$6.64m) in the final quarter of 2020. Net revenue also declined 3.2 per cent to VND2.21trn. The company saw a consolidated net profit of VND615.49bn on a net revenue of VND7.96trn in 2020, down 16.9 per cent and 9.9 per cent YoY, respectively.

GCC sees 2% rise in sales for 4Q20

27 January 2021, Published under Cement News

Mexico's Grupo Cementos de Chihuahua (GCC) has seen a 1.7 per cent YoY increase in consolidated net sales to US$232.5m for the final quarter of 2020, compared to US$228.6m in the 4Q19. EBITDA fell 5.9 per cent YoY to US$81.3 from US$86.4m, while the EBITDA margin dipped to 35 per cent from 37.8 per cent. "GCC wrapped up 2020 with strong operational and financial results despite the challenges created by the COVID-19 pandemic. These positive results show GCC’s adaptability, resiliency and...

Hail Cement Co sees net profit rise 82%

26 January 2021, Published under Cement News

Saudi Arabia’s Hail Cement Co has seen its net profit surge by 82 per cent YoY to SAR107.5m (US$28.67m) in 2020. The company has attributed the results to an increase in revenue and a decline in some expenses. Revenue advanced 22.6 per cent to SAR336.3m, compared with SAR274.4m in 2019.