Cement News tagged under: business results
Fujairah Cement reports 3% fall in revenue13 November 2017, Published under Cement NewsFujairah Cement Industries has reported a three per cent decline in revenue in 3Q17, according to Mubasher. The company posted a revenue of AED136.68m (US$37.21m) down from AED140.35m of the year-ago period. Fujairah Cement's general and administrative expenses rose 71 per cent YoY. The UAE-based cement producer's net profit has fallen 50 per cent YoY to AED6.19m from AED12.39m of 3Q16. Fujairah Cement posted a 41 per cent YoY decline in total net profit to AED27.07m for the first nine ... |
JK Cement 2Q net profit doubles to INR930m13 November 2017, Published under Cement NewsJK Cement reported a jump in standalone profit to INR931.4m (US$14.22m) for the second quarter, ended 30 September 2017. In the equivalent period of FY17, the company’s profit reached INR409.1m, said the company in a regulatory filing. Total revenue rose to INR11.421bn in the July-September 2017 quarter, a 5.5 per cent advance when compared with the INR10.822bn reported during the year-ago period. |
Mangalam Cement 2Q net profit falls 77%13 November 2017, Published under Cement NewsIndia-based Mangalam Cement reported a standalone net profit of INR10.7m (US$163,424) for the quarter ended 30 September 2017, representing a 77 per cent decrease when compared with 2QFY16, when net profit reached INR47.2m. The company’s net revenue advanced by 25 per cent to INR2.373bn in the July-September quarter from INR1.895bn reported in 2QFY16. Operating expenses increased by 25.67 per cent to RINR2.1bn from INR670.9m in the year-ago period. Mangalam’s operating profit rose by ... |
Buzzi Unicem reports good performance in Russia, Czech Republic and Italy10 November 2017, Published under Cement NewsBuzzi Unicem's turnover for the first nine months was 6.7 per cent higher at EUR2133.4m, but no EBITDA or other profit numbers have been given this time. Net debt at the end of September was 2.8 per cent lower at EUR915.2m compared with a year earlier. Capital investment in the period was 10.7 per cent lower at EUR158m. Cement deliveries were 4.1 per cent ahead at 20.3Mt and ready-mixed concrete deliveries improved by 4.8 per cent to 9.2Mm³. The Italian turnover showed a recovery and rose... |
FLSmidth reports higher EBITA margin despite lower revenue10 November 2017, Published under Cement NewsDenmark-based FLSmidth reported a 14 per cent fall in revenues in 3Q17 to DKK4101m (US$ 642.4m) from DKK4774m in 3Q16. While gross profit decreased by nine per cent to DKK1065m and EBITA was off by two per cent to DKK336, the company saw its EBITA margin improve from 7.2 per cent in 3Q16 to 8.2 per cent in 3Q17 on the back of a higher gross margin and a significantly-lower cost base. However, net profit receded from DKK170m in 3Q16 to DKK23m one year later. FLSmidth’s order intake grew... |
India Cements net profit falls 62% in 2Q1710 November 2017, Published under Cement NewsIndia Cements have reported a net profit of INR236.7m (US$3.5m) for the 2Q17 ended 30 September, reflecting a 62 per cent YoY drop, according to the New Indian Express. The company also saw a decrease in total revenue to INR12.7bn from INR13.1bn of the corresponding period in the previous financial year. EBITDA decreased to INR1.88bn for the same period. The volume of cement sold during 2Q17 amounted to 2.7Mt, including exports. The “second quarter proved more tough than we thought prev... |
JK Lakshmi Cement's reports 18% rise in 2Q revenue10 November 2017, Published under Cement NewsJK Lakshmi Cement reported a net profit of INR132m (US$2m) for the 2QFY17 period ended 30 September, a fall from INR249m of the year-ago period. However, the company also posted a revenue of INR7.7bn representing a YoY increase of 18 per cent, according to The Times of India. The second quarter of 2017 saw a minor rise in EBITDA to INR1.12bn from INR1.11bn in 2QFY16. In addition, the cost of power and fuel significantly increased to INR1.79bn from INR1.16bn in the corresponding period in... |
Anjani Portland Cement sees 2QFY17 profit halve10 November 2017, Published under Cement NewsIndian cement producer Anjani Portland Cement reported a 53.5 per cent YoY fall in profit to INR66.9m (US$1.03m) for the quarter ended 30 September 2017 (2QFY17). In the 2QFY16 profit reached INR143.9m. Revenues from operations during the quarter rose 0.8 per cent YoY from INR903.2m in the year-ago period to INR910.4m. |
Saurashtra Cement sees profit rise10 November 2017, Published under Cement NewsIndia-based cement maker Saurashtra Cement Ltd has reported a profit rise to INR100.7m (US$1.55m) in the July-September 2017 quarter from INR44m when compared with the year-ago period. Total revenues from operations slipped from INR1.22bn in 2QFY16 to INR1.16bn in 2Q17. Saurashtra Cement is part of the Mehta Group and produces cement under the Hathi brand name. It serves the markets in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh and the west coast of India from its precalciner pla... |
Cementir Holding sees a 32% increase in revenue for 3Q1709 November 2017, Published under Cement NewsItaly-based Cementir Holding reported a revenue of EUR332.4m (US$385.4m) in the third quarter of 2017, reflecting a YoY increase of 32.1 per cent YoY. EBITDA rose to EUR46.5m in 3Q17, up 44 per cent YoY from EUR67m in the 3Q16 while EBIT reached EUR42.5m, representing a 59.8 per cent rise YoY. The company posted a 3Q profit before taxes of 42.3m, a 61.8 per cent increase when compared with 3Q16. In terms of sales volumes, the company sold 3.187Mt of grey and white cement during the qua... |