Cement News tagged under: business results

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Vicat reports 13% rise in 1H sales but rising energy costs affect EBITDA

28 July 2022, Published under Cement News

Vicat reported a 12.5 per cent increase in first-half sales to EUR1755m (US$1790.6m) in the January-June 2022 period when compared with the 1H21, when sales reached EUR1560m. At constant scope and exchange rates, the advance was 14.5 per cent. However, in the 1H22 EBITDA declined by 10.4 per cent YoY (9.8 per cent at constant scope and exchange rates) to EUR269m from EUR300m in the 1H21. The EBITDA margin retreated to 15.3 per cent from 19.2 per cent in the year-ago period. The company...

JK Lakshmi Cement sees revenue gain

28 July 2022, Published under Cement News

JK Lakshmi Cement has reported unaudited standalone revenue from operations of INR15,510m (US$194.3m) in the three months ended 30 June 2022, compared to INR12,315m in the same period a year earlier. Total expenses over the same period advanced from INR10,871m to INR14,060m with power and fuel expenses rising from INR2413m to INR3659m, and transport, clearing and forwarding charges increasing from INR2483m to INR3120m. EBITDA in the three months ended 30 June 2022 came in at INR2243m, ...

UWCL reports on revenue rise

28 July 2022, Published under Cement News

India's Udaipur Cement Works Ltd (UWCL) has reported unaudited revenue from operations of INR2781.1m (US$34.8m) in the quarter ended 30 June 2022, compared to INR2163.3m in the same period a year earlier. Total expenses over the three-month period came in at INR2594.4m, up from the INR1951.9m seen in the same quarter in 2021. Cost of materials consumed had jumped from INR272.7m in the quarter ended 30 June 2021, too INR318.5m in the same period this year. Meanwhile, power and fuel expen...

Yanbu Cement 2Q profits down 25% in 1H22

28 July 2022, Published under Cement News

Saudi Arabian cement producer Yanbu Cement Co reported a 24.5 per cent fall in its net profits after zakat and tax to SAR86.97m (US$23.2m) when compared with the 1H21, when the company achieved profits of SAR115.23m. Revenues were down by 10.3 per cent to SAR479.8m in the 1H22 from SAR353.09m in the 1H21. While second-quarter revenues slipped by 1.9 per cent YoY to SAR238.17m from SAR242.69m in the 2Q21, 2Q22 net profits after zakat and tax advanced 14.9 per cent to SAR48.04m from SAR41....

Holcim reports on record results in 1H22

27 July 2022, Published under Cement News

Holcim has reported record sales on CHF14,681m (US$15,273m) in the first half of 2022, marking a 16.9 per cent increase YoY, driven by sales growth in all segments. Net sales in the second quarter alone were up 13.6 per cent YoY to CHF8240m. Record recurring EBIT was also seen in the 1H22, coming in at CHF2173m, up 9,6 per cent YoY. This was attributed to a robust improvement in profitability in the company's Solutions & Products segment and strong recurring EBIT margin expansion in North ...

Yamama sees 9% dip in 1H profits

27 July 2022, Published under Cement News

Yamama Cement Co of Saudi Arabia saw its net profit after zakat and tax decline by 9.2 per cent YoY to SAR120.1m (US$32m) in the 1H22 from SAR 132.55m in the 1H21. Sales expanded by 12.5 per cent YoY to SAR430.86m in the 1H22 from SAR382.83m in the year-ago period. In the second quarter of 2022, net profits were up by 16.8 per cent YoY to SAR90.69m from SAR77.68m in the 2Q21. Sales increased by 3.3 per cent to SAR209.28m from SAR202.57m in the 2Q21.

Cementos Pacasmayo shows improved 2Q and 1H results

26 July 2022, Published under Cement News

Peru-based Cementos Pacasmayo SAA announced its consolidated results for the second quarter of 2022 and the six months ended 30 June 2022. 2Q22 In the second quarter of 2022 revenues increased 14.1 per cent YoY on the back of an increase in average prices of bagged cement. Sales volumes of cement, concrete and precast declined 1.9 per cent when compared with the peak levels in the 2Q21. Consolidated EBITDA advanced 33.9 per cent YoY to PEN120.5m thanks mainly to higher operating profit....

UltraTech Cement expected to report 29% fall in profit

22 July 2022, Published under Cement News

UltraTech Cement is expected to report a 29 per cent YoY drop in net profit to INR12,140m (US$151.9m) for the three months ended 30 June 2022, compared to INR17,000m in the same quarter a year earlier. According to The Economic Times, the fall is due to a 10-15 per cent YoY surge in power and fuels costs, as petcoke and thermal coal prices remain elevated, along with an estimated 5-7 per cent uptick in freight costs. Revenue for the quarter is expected to come in at INR142,380m, up 2...

HeidelbergCement India sees revenue increase

20 July 2022, Published under Cement News

HeidelbergCement India has posted revenue of INR6001.5m (US$75.1m) in the quarter ended 30 June 2022, compared to INR5664.5m in the same quarter a year earlier. Profit over the same period has contracted from INR686.5m to INR516.1m. Expenses came in at INR5308.4m in the quarter ended 30 June 2022, up from INR4626m in the same quarter in the year-ago period. Power and fuel costs have risen over the same period from INR1345.9m to INR2103.4m. 

Ramco Cements reports rise in revenue in 2021-22

20 July 2022, Published under Cement News

The Ramco Cements Ltd has reported revenue of INR60.1bn (US$752.3m) in the FY21-22, compared to INR53.03bn in FY20-21. Net profit over the same period has advanced from INR7.61bn to INR8.93bn, while EBITDA has fallen from INR15.82bn to INR13.14bn. In terms of costs, power and fuel accounted for the greatest share in the FY20-22 at 23 per cent, up from 15 per cent in the FY20-21. All other costs remained stable with freight and forwarding expenses accounting for 20 per cent in the FY21-22, ...