Adverse weather and foreign currency exchange affect Titan's 1Q18
Τitan Group 1Q18 results suffered from adverse weather conditions in the US and southeastern Europe, coupled with the strengthening of the euro against the US dollar and other c...
Business Results
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Ramco Cements reports 11% revenue increase in FY18
Ramco Cements Ltd has announced an 11 per cent YoY increase in revenue for FY18, rising to INR44.43bn (US$649.71m) from INR39.93bn of the previous year. However, its stand-alone...
Melón sees 12% rise in 1Q earnings
Chile-based Cemento Melón has increased its first-quarter earnings by 12 per cent to US$7m when compared with 1Q17, despite lower cement sales volumes, according to Diario Finan...
Lafarge Malaysia reports 3% fall in revenue for 1Q18
Lafarge Malaysia Bhd has announced that its net loss widened in the 1Q18 period, increasing to MYR68.73m (US$17.27m) from MYR48.93m of the previous year. Furthermore, revenue fe...
Vicem announces 7% sales increase
Vietnam’s leading cement producer, Vicem, has announced a 6.7 per cent YoY increase in sales of clinker and cement to 9.2Mt for the first four months of 2018, according to Vietn...
Semen Indonesia sees 9% rise in 4M18 group sales
Semen Indonesia's export sales more than doubled in April to 279,945t from 118,401t in April 2017. Meanwhile, the company’s domestic cement sales remained largely stable in Apri...
Cementos Argos sees falling volumes
Cementos Argos released its 1Q18 results this week , announcing revenues of COP1.9trn (US$670m), but cement sales fell by 4.1 per cent to 3.7Mt and ready-mix volumes by 7.5 per ...
Eagle Materials records positive FY18
Eagle Materials has reported its FY18 and 4QFY18 results, which reflect an all-round positive performance. In the 2018 fiscal year, revenue increased 14 per cent YoY to US$1.4bn...
Lafarge Africa announces NGN34.3bn loss in 2017
Mobolaji Balogun, Chairman of Lafarge Africa Plc, on Wednesday said the overall drop in domestic cement demand was instrumental to the group’s NGN34.3bn (US$95.1m) loss before t...
JK Lakshmi reports 62% rise in standalone net profit
JK Lakshmi Cement reported a 62.3 per cent YoY rise in standalone net profit to INR338.4m (US$4.99m) in the 4Q18. The company’s total income saw a slight decrease of 0.8 per cen...