NCC announces 39% drop in profit for 2017
Dubai-based National Cement Company (NCC) has announced a 38.7 per cent YoY decrease in profit during the full-year 2017 period, to AED53.58m (US$14.59m) from AED89.02m.
Business Results
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Siam City Cement posts 28% revenue increase 43% net profit dip 2017
Siam City Cement announced a total consolidated revenue increase of 25.8 per cent to THB43.885bn in 2017 from THB34.896bn the previous year. Net sales increased 27.6 per cent Yo...
Saudi Cement companies await upturn on 2Q18 export sales
Saudi cement companies' sales in February fell 11 per cent 3.63Mt compared to sales of 4.09Mt in February 2017. However, analysts are confident that 2Q18 sales will increase on ...
ARM Cement issues profit warning for 2017
Kenya-based ARM Cement has issued a profit warning for the 2017 period, suggesting that the company will post a loss of at least KES3.5bn (US$34.5m). According to a notice sent ...
Cementarnica Usje net profit falls 9% in 2017
Macedonia’s Cementarnica Usje reported a nine per cent YoY fall in its non-consolidated net profit to MKD1.09bn (US$61.8m) in 2017.
Chia Hsin Cement Corp reports revenue decrease in February
Taiwan-based Chia Hsin Cement Corp has announced its results for the Jan-Feb 2018 period, recording a 26 per cent YoY decrease in revenue from TWD404.17 (US$13.80m) to TWD297.68m.
China Resources Holding forecasts significant increase in 1Q18 earnings
China Resources Cement Holdings (CRCH) said it expects a "significant increase" in group net profit for the first quarter ending on 31 March 2018, after it more than doubled its...
Universal Cement Corp reports revenue decrease in February
Universal Cement Corp. has reported a decrease in revenue for the February 2018 period, falling 13 per cent to TWD268.12m (US$9.14m) from TWD308.36 of the year-ago period. Howev...
Cementir announces 13% EBITDA rise in 2018
Cementir reported a 10.9 per cent increase in revenues to EUR1.14bn in 2017 from 1.028bn in 2016. EBITDA advanced by 12.6 per cent to EUR222.7m while net profit edged up 6.2 per...
Loma Negra 4Q17 net revenue rises by 57%
Loma Negra (InterCement group) announced its results for the three- and 12-month periods ended 31 December 2017 with net revenue for 4Q17 increasing 57.1 per cent to ARS4452m (U...