CIMAT posts revenues down by a quarter for 2016
Ciment de l’Atlas (CIMAT) expects to report revenues of MAD2.16bn (US$215.7m) in 2016, compared with MAD2.67bn the year prior. The company attributes the drop to the deceleratio...
Business Results
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Lithuania: Akmenes largely offsets decline in Russia exports
Preliminary data show that Lithuania’s Akmenes Cementas posted EUR51m in total revenue, down by EUR4.4m on 2015.
UltraTech Q3FY17 reports post-tax profit up 5%
UltraTech Cement reported a 4.7 per cent rise in consolidated net profit at INR59.39bn (US$871.6m) for the quarter ended 31 December 2016 due to lower expenses. In 3Q15 company,...
Najran 4Q16 profit falls 73%
Najran Cement reported a fall in profits of 72.55 per cent to SAR14.76m (US$3.93m) in 4Q16 from SAR53.73m in 4Q15. The company attributed the lower profit to reduced sales volum...
Saudi Arabia: Northern Cement profits down 57% in 4Q16
Northern Region Cement Co reported a 57.3% YoY decline in profits in the fourth quarter of 2016, according to the company's filing to the Saudi Stock Exchange (Tadawul).
Oman: Raysut Cement net profits rise in 2016
Raysut Cement has reported a 1.02 per cent growth in net profits of OMR21.17m (US$54.98m) for 2016, against OMR20.95m reached in 2015.
Kazakhstan: Steppe Cement FY16 results
Steppe Cement Ltd recorded revenue for the year ended 31 December 2016 of KZT17.94bn (US$54.01m), representing an eight per cent drop YoY from KZT19.53bn recorded last year.
Semen Indonesia net profit down by 3% in 2016
PT Semen Indonesia Tbk made a net profit of IDR4.01trn (US$301.6m) in 2016, which was lower than the IDR4.52trn the previous year. "National cement growth in the year was down t...
India: Sagar Cements sees sales dip in December
In a trading statement released this week, Sagar Cement has reported a slight decline in cement sales for December compared with a year earlier. Consolidated results – which inc...
India: Prism Cement sees losses shrink for 1HFY17
Prism Cement has released its financial results for the first half of its trading year, which began on 1 April, revealing a loss of INR50.62m (US$0.75m) over the six-month perio...