Bangladesh cement profitability falls in 1Q18
The Bangladeshi cement industry reports a fall in profit due to the increase in raw material cost despite an increase in sales volumes of 12 per cent in 1Q18. The earnings of li...
Business Results
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Eagle Cement records 3% net profit increase
Philippines-based Eagle Cement Corp has recorded a three per cent YoY increase in net profit to PHP1.1bn (US$21.29m) for the first quarter of the year. Revenue has risen six per...
Orient Cement announces 4% revenue increase
India's Orient Cement (OCL) has announced a 3.9 per cent YoY increase in revenue for the final quarter of FY18, rising to INR6.2bn (US$92.79m) from INR5.97bn. However, this was ...
Umm Al Qura Cement announces fall in net profit
Saudi Arabia’s Umm Al Qura Cement Co has announced a 40 per cent YoY fall in net profit for the first quarter of 2018, decreasing to SAR10.2m (US$2.72m) from SAR17m, according t...
Pakistan cement firms see profits fall
Pakistani cement companies continue to report decreases in profits, largely due rises in the cost of sale and other factors in the 9MFY17-18.
Caribbean Cement pays first instalment of asset buyback
Jamaica’s Caribbean Cement Co Ltd (Carib Cement) has paid the first instalment of JMD1.3bn (US$10.50m) on an asset buyback agreement with its parent company, Trinidad Cement Ltd...
Breedon Group
Breedon Group, which in 2017 generated a turnover 43.5 per cent higher at GBP652.4m (EUR750.5m), produced EBITDA 39.8 per cent ahead at GBP117m (EUR134.6m) and a pretax profit o...
Votorantim Cimentos
Votorantim Cimentos generated a turnover 6.9 per cent lower at BRL11,104m (US$3165.8m/ EUR2622m) and EBITDA declined by some 25.7 per cent to around BRL1762m (EUR416m). Group ce...
CRH
CRH concluded a EUR19m deal with Breedon Group in the early part of 2018, whereby Breedon acquired four quarries and an asphalt plant in Britain in exchange for 27 ready-mixed b...
Cemex Latin American Holdings
Cemex Latin American Holdings' turnover declined by 8.4 per cent in the 1Q18 to US$301.1m, while EBITDA came off by 28.8 per cent to US$65.9m. At the trading level there was a 3...