India: ACC reports 2.7% advance in net profit in 2016
The Indian LafargeHolcim subsidiary ACC Ltd reported a 2.7 per cent reduction in cement deliveries for 2016 to 22.99Mt, while in the 4Q16 the reduction was 9.1 per cent to 5.45m...
Business Results
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Mixed bag for Turkish cement producers in 2016
Several cement producers in Turkey have released their results for 2016, showing a mixed performance in the year. Net profit were also down at Adana Cimento to TRY130.9m in FY16...
Hyundai Cement posts better revenues but net losses increase
South Korean cement producer Hyundai Cement Co Ltd saw improved revenues in 2016, rising from KRW363.19bn (US$319m) in 2015 to KRW378.86bn, according to the country’s Financial ...
Portland Valderrivas notes 7.6% fall in turnover in 2016
Portland Valderrivas saw its turnover decrease 7.6 per cent YoY to EUR536.2m in 2016. The company recorded a net loss of EUR-120.4m, from a net profit of EUR28.6m in 2015. In ad...
Tunisia: Carthage Cement reports positive 2016
Tunisia's Carthage Cement saw its revenues increase seven per cent YoY from TND184.2m (US$80.7m) to TND197.4m in 2016.
Lucky Cement sees half-year profits rise 12.5% to US$67m
Lucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m).
Qatar National Cement reports a 14% increase in 4Q profit
Qatar National Cement reported a profit rise of 14.4 per cent YoY to QAR119.62m (US$32.8m) in 4Q16 from QAR104.6m in 4Q15. Full-year 2016 profits increased 2.5 per cent YoY to Q...
SCG predicts Thai cement consumption will recover in 2017
Despite a disappointing performance in 2016, Siam Cement Group believes that demand in the Thai market will recover in 2017, reaching some 40Mt, the Bangkok Post reports.
UltraTech Cement
If recent figures from UltraTech Cement are anything to go by, India’s cement sector has not been as severely hit by the demonetisation process as first feared. Although results...
Eagle Materials improves profit by 44 per cent
Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2016 increased by 3.7 per cent to US$1.01b...