OCL India 2Q net profit up 154% to INR860m
OCL India Ltd reported a 154 per cent surge in in net profit to INR857.1m from INR336.9m for the quarter ended 30 September 2016 as the company derived a higher income from oper...
Business Results
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Lafarge Cement Jordan posts JOD2.75m 3Q16 loss
Lafarge Cement Jordan posted a loss of JOD2.75m (US$3.9m) in the 3Q16 against profit of JOD8950 (US$12,600) in the same period in 2015, according to a filing of unaudited 3Qfina...
Egypt: mixed 9M16 results for Suez and Tourah
Suez Cement reported a net profit of EGP49.6m (US$5.59m) for the first nine months of 2016. For the third quarter the company saw losses of EGP-66.9m, an increase from EGP-63.3m...
China: Gansu Qilianshan Cement 9M16 net profit up 223%
Gansu Qilianshan Cement Group Co Ltd, a subsidiary of Sinoma, reported a net profit hike of 223.3 per cent YoY to CNY204m for the first nine months of 2016.
China Resources Jan-Sep net profit declines 35%
China Resources Cement reported a 35 per cent fall in net profit for the first nine months of 2016 as weaker revenues impacted profits of the Hong Kong-listed cement producer. N...
Saudi Arabia: Eastern Province and Tabuk Cement see fall in 3Q16 profits
Eastern Province Cement Co and Tabuk Cement are the latest Saudi cement producers to post a fall in third-quarter profits amid lower sales and higher production costs.
Saudi Arabia: Northern Cement sees 43% profit fall in 3Q16
Northern Region Cement Co reported a 42.83 per cent decline in net profits to SAR30.09m (US$8m) in 3Q16 from SAR52.64m a year earlier. Profits also decreased 38.16 per cent QoQ,...
UltraTech Cement
UltraTech Cement has recorded a 25 per cent increase in consolidated net profit in the quarter ending 30 September 2016. Profit rose to INR6.14bn (US$92.1m) versus INR4.9bn in t...
Saudi Arabia: Yanbu, All Jouf and Saudi Cement see fall in 3Q16 profits
More Saudi cement producers have reported a fall in profits for the third quarter of 2016. The decline in profits were attributed to lower sales and a drop in average selling pr...
Saudi Arabia: Yamama sees 41% net profit decrease
Yamama Cement Co reported a 41 per cent YoY fall in net profits to SAR56.3m (US$15m) in the 3Q16 from SAR95.53m (US$25.47m).