Cement News tagged under: business results
Cemex Philippines sees 63% fall in 9M17 income30 October 2017, Published under Cement NewsCemex Holdings Philippines Corp said on Friday that its net income for the first nine months of 2017 had fallen 63 per cent as a result of lower prices and volumes amid heightened competition. Net profit in the 3Q17 declined to PHP688m (US$13.33m) from the PHP1.88bn reported in the same period last year primarily due to lower prices and volumes. The company said financial expenses fell 39 per cent from a year ago following the refinancing of the company's dollar-denominated loan with ... |
Shiva quarterly net loss deepens30 October 2017, Published under Cement NewsIndia’s Shiva Cement has reported a deepening net loss of INR86m (US$1.33m) in the July-September 2017 quarter when compared with a net loss of INR26.3m in the year-ago quarter. Sales fell 41.8 per cent to INR36.6m in the quarter ended September 2017 when compared with INR62.9m in the July-September 2016 quarter. |
Cemex 3Q17 net sales total US$3.5bn27 October 2017, Published under Cement NewsCemex announced that its consolidated net sales reached US$3.5bn during the 3Q17, representing an increase of two per cent, or an increase of one per cent on a like-to-like basis, versus the comparable period in 2016. Operating EBITDA decreased by eight per cent during the quarter to US$702m versus the same period in 2016. Fernando A Gonzalez, Cemex Chief Executive Officer, said: "We are pleased with the double-digit, year-to-date growth in operating EBITDA in our two largest markets: Mex... |
Elementia sees 39% rise in 3Q EBITDA26 October 2017, Published under Cement NewsMexico-based Elementia reported EBITDA of MXN1.296bn (US$67.9m) in 3Q17, an increase of 38.9 per cent YoY. The company attributes the rise in earnings to higher sales and prices in its cement division. The company posted third-quarter revenues of MXN6.555bn, up 40 per cent when compared with the July-September 2016 period. Net income reached MXN340m, swinging the building materials firm back into the black after a loss of MXN47m in 3Q16. |
Maple Leaf reports growth in 1QFY1826 October 2017, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has reported that during 1QFY18 its profit after tax (PAT) stood at PKR1.05bn (US$9.9m), showing a growth of 47 per cent on QoQ basis. MLCF incurred selling and distribution expense of PKR266m and administrative expense of PKR150m during this quarter against PKR373m and PKR122m incurred respectively in 1QFY17. |
Ambuja Cements sees 9.7% net profit rise in 3Q25 October 2017, Published under Cement NewsLafargeHolcim-owned Ambuja Cements' standalone unaudited income remained stable in 3Q17 at INR24.73bn (US$379.8m) when compared with the previous year (3Q16: INR24.72bn) but noted a 25.4 per cent drop when compared with 2Q17, when it reached INR33.16bn. Profit before tax rose 11.3 per cent YoY to INR3.36bn from INR30.02bn but saw a 38.6 per cent decrease QoQ (2Q17: INR5.47bn) while net profit reached INR2.72bn, up 9.7 per cent from INR2.48bn in 3Q16, but down 31.3 per cent from INR3.92bn ... |
GCC reports 16% sales boost in 3Q results25 October 2017, Published under Cement NewsGrupo Cementos de Chihuahua announced its results for the third quarter of 2017, which reflect the successful integration of the operations acquired in Texas and New Mexico late last year as well as favourable pricing in the US and Mexico, and progress in implementing the company’s growth strategy. Total sales increased 15.9 per cent YoY to MXN4.968bn (US$258.8m) in 3Q17 from MXN4.288bn. The company’s 3Q EBITDA saw a similar rise to MXN1.421bn, up 14.2 per cent from MXN1.245bn. Margins sli... |
Southern Province Cement sees two-third drop in 3Q profit25 October 2017, Published under Cement NewsSaudi cement producer Southern Province Cement saw its third-quarter sales decrease 43.2 per cent to SAR216m from SAR380m in the 3Q16. The company’s net profit declined by 67.2 per cent to SAR57m from SAR174m in the same period a year ago. |
China Resources Cement 9M profit up 216%23 October 2017, Published under Cement NewsChina Resources Cement reported a 215.9 per cent rise in profit attributable to owners for the 9M17 to HKD2648.6m (US$ 339.4m) . Turnover increased 16.4 per cent to HKD20,344.9m in the first nine months. The consolidated gross profit saw a 36 per cent YoY advance to HKD6023.6m. The consolidated gross margin was 29.6 per cent, representing a rise of 4.3 percentage points over 25.3 per cent reported in 9M16. The increases in consolidated gross profit and gross margin were mainly attri... |
Dangote Cement group increases revenues by 37% in 9M1720 October 2017, Published under Cement NewsDangote Cement’s overall group revenue increased by 36.5 per cent from NGN442.1bn (US$1.08bn) in the first 9M16 to NGN603.6bn in 9M2017, despite a 10.1 per cent fall in group cement volumes to 16.5Mt, as the impact of price increases dampened demand in Nigeria. The group’s profit for the period was NGN193.1bn, up 44.6 per cent compared to NGN133.5bn in 2016. “Dangote Cement has continued to perform strongly in 2017 with revenues up nearly 37 per cent despite a fall in volumes. In our key ... |