South Korea: Sungshin Cement back in the black in 2016
South Korean cement producer Sungshin Cement Co Ltd improved its revenues by 1.2 per cent to KRW686.6bn in 2016 from KRW678.7bn, according to the country’s Financial Supervisory...
Business Results
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Kenya: East African Portland Cement reports 1H16-17 pretax loss
In the first half of the FY16-17 ended December 2016 East African Portland Cement Co (EAPCC) has reported a pretax loss of KES533.7m (US$5.2m), an improvement when compared with...
Peru: Cementos Yura Q4 profit falls by 20%
Cementos Yura has announced that its profits for4Q16 were down by 20.1 per cent YoY to PEN40.2m (US$12.4m), reports Business News Americas.
Oman Cement annual profit up 10% as production rises
Oman Cement has announced that its profits rose by 10 per cent in 2016, to OMR12.87m (US$33.4m). During 2016, Oman brought a fifth cement mill online, which has helped the compa...
India: Ambuja net profit leaps 85% in 4Q16
LafargeHolcim-owned Ambuja Cement reported a 85.2 per cent rise in its consolidated net profit to INR2.057bn (US$30.7m) for the fourth quarter ended 30 December 2016 from INR1.1...
UAE: Arkan’s profits fall by 25% in 2016
Arkan Building Materials has seen its annual profits fall by a quarter to AED75.7m (US$20.6m), according to reports in Construction Week Online.
Saudi Arabia: Southern Province reports 48% fall in 4Q profits
Southern Province Cement reported a decline of 48 per cent in its profits for the fourth quarter of 2016. Profits in 4Q16 fell to SAR156m (US$41.6m) from SAR300m in 4Q15.
Turkey: Akcansa Çimento sees 1.8% rise in FY16 net profit
Akcansa Çimento reported largely-stable revenues of TRY1.46m (U$398.1m) for 2016, when compared with TRY1.46bn in 2015. FY16 net profit increased to TRY286.4m in 2016, up 1.8 pe...
Boral's Australian cement turnover declines
Boral's turnover for the six months to the end of December declined by 4.6 per cent to AUD2093m (EUR1497m), largely reflecting the transfer of US Bricks to joint venture status ...
India: Prism results point to mild demonetisation impact
Prism Cement has released its trading statement for the three months to December 2016, revealing that cement sales volumes have only been slightly harmed by the impact of demone...