Cement News tagged under: business results
Holcim Philippines sees 124% net income increase17 November 2021, Published under Cement NewsHolcim Philippines reported a 124 per cent YoY increase in net income to PHP2.3bn (US$45.66m) in the first nine months of 2021, compared to PHP1.03bn in the year-ago period, on the back of higher cement sales. “Our continuing focus on operational efficiencies and cost management enabled us to drive performance despite market demand and inflationary challenges. We take pride in leading industry innovations with our new building solutions that help partners build better,” said Horis Adrian,... |
Sagar Cements set to increase capacity to 8.25Mta17 November 2021, Published under Cement NewsIndia’s Sagar Cements is reportedly increasing capacity to 8.25Mta by the end of December, according to BusinessLine. The company opened a 1Mta integrated plant in Madhya Pradesh in October, which took capacity from 5.75Mta to 6.75Mta, while the commissioning of another plant in Odisha next month should take it to 8.25Mta. Sagar Cements has invested INR6bn (US$80.72m) and INR3.05bn in the plants in Madhya Pradesh and Odisha, respectively. |
Kohat Cement receives regulatory approvals for Punjab plant17 November 2021, Published under Cement NewsKohat Cement Co (KOHC) has obtained all the requisite regulatory approvals for setting up the greenfield 7800-10,000tpd cement production line in Khushab, Punjab province of Pakistan. According to Kohat Cement’s latest report for 1QFY22, acquisition of land is under progress and it is expected that contracts for the supply of plant will be executed. A Letter of Credit for the import of plant and machinery will be established by the end of the 2QFY22. Financial performance in 1Q... |
Mangalam Cement sees 17% revenue increase16 November 2021, Published under Cement NewsIndia’s Mangalam Cement has reported a standalone net profit of INR110.7m (US$1.49m) in the 2QFY21-22, falling 48.1 per cent YoY from INR213.3m in the year-ago period. However, net revenue advanced 17.2 per cent YoY to INR3.76bn from INR3.21bn in the 2QFY20-21. |
Mangalam sees 1H net profit up 82%15 November 2021, Published under Cement NewsIndia-based Mangalam Cement announced its unaudited financial results for the quarter and half year ended 30 September 2021. In the quarter ended 30 September 2021 (2Q21) the company saw revenues from operations advance 15.7 per cent to INR3.757bn (US$50.5m) from INR3.246bn in the 2Q20. Total revenues were up 5.9 per cent to INR3.84bn from INR3.625bn. However, profit before tax decreased 43.5 per cent to INR134m in 2Q21 from INR237m in the year-ago period due to significantly higher power ... |
Universal Cement sees 12% increase in revenue15 November 2021, Published under Cement NewsTaiwan’s Universal Cement has announced a 12.2 per cent YoY increase in revenue to TWD1.45bn (US$52.32m) in the third quarter of 2021, compared to TWD1.29bn in the comparable period of last year. However, its net profit declined 50.5 per cent to TWD194m from TWD392.1m in the 3Q20. |
Misr Cement (Qena) announces 168% surge in profit15 November 2021, Published under Cement NewsEgypt’s Misr Cement (Qena) has reported a 168 per cent YoY surge in consolidated net profit during the first nine months of 2021, reaching EGP107.4m (US$6.84m) from EGP40.11m in the comparable period of 2020. Standalone net profit also advanced 78.9 per cent to EGP80.77m against EGP45.15m in the 9M20. |
Arabian Cement Co announces contraction in net loss15 November 2021, Published under Cement NewsEgypt’s Arabian Cement Co has announced a consolidated net loss of EGP23.21m (US$1.48m) during the first nine months of 2021, an improvement from the EGP39.77m net loss seen in the 9M20. The standalone net loss reached -EGP24.53m against -EGP38.25m in the January-September 2020 period. |
Cementir reports revenues of EUR1bn in 9M2112 November 2021, Published under Cement NewsCementir has released its results for the first nine months and the 3Q21. Group revenue reached EUR1bn, up 12.4 per cent compared to EUR896.8m in the first nine months of 2020. Operating costs, equal to EUR804.9m, increased by 11.7 per cent compared to EUR720.3m in the first 9M20. During the first 9M21, cement and clinker sales volumes reached 8.3Mt, up by 8.2 per cent compared to the same period of 2020. The company said the increase was mainly attributable to performance in Turkey... |
Loma Negra reports 9% increase in 3Q revenue12 November 2021, Published under Cement NewsArgentina’s Loma Negra has reported an 8.5 per cent YoY increase in revenue to ARS17,800m (US$176m) in the third quarter of 2021, against ARS16,399m in the comparable period of 2020. Consolidated adjusted EBITDA declined 9.1 per cent to ARS4696m from ARS5167m, while the margin fell to 26.4 per cent from 31.5 per cent. Net profit also decreased 84.9 per cent YoY to ARS1490m, mainly due to an extraordinary result in the year-ago period which saw a divestment in Paraguay. “We are pleased to ... |