Cement News tagged under: business results
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 ... |
Titan Group reports 9M21 revenues of EUR1.26bn12 November 2021, Published under Cement NewsTitan Group's consolidated revenue for the first nine months of 2021 reached EUR1.26bn, posting a five per cent increase on the 9M20. Revenue growth in local currencies was 10.1 per cent, while EBITDA came under pressure to registering EUR219.6m, a 4.3 per cent decline. Revenue in the USA recorded a 8.7 per cent increase in US dollar terms in the first 9M21, translated into a corresponding increase of 2.1 per cent in euro terms to EUR731.3m. When compared to the 9M20, EBITDA softene... |
Taiheiyo Cement posts 6% net profit rise12 November 2021, Published under Cement NewsJapan’s Taiheiyo Cement has seen a 19.2 per cent YoY decline in revenue to JPY339.8bn (US$2.98bn) in the first half of the FY21-22 ended 30 September, compared to JPY420.63bn in the year-ago period. However, net profit rose 5.6 per cent to JPY19.49bn from JPY18.46bn in the 1HFY20-21. |
Votorantim Cimentos records regional 3Q21 performance rise in US and Brazil12 November 2021, Published under Cement NewsIn Brazil Votorantim Cimentos' net revenue in the 3Q21 was BRL2.9bn (US$529.3m), an increase of 24 per cent compared to the 3Q20. Adjusted EBITDA was BRL672m an increase of 11 per cent compared to the same quarter last year. The positive results in Brazil in the 3Q21 were primarily due to growth in sales volume and prices, even when considering the strong comparison base in 3Q20 and economic dynamics with higher costs and higher inflation, said Votorantim Cimentos. The Brazili... |
Votorantim Cimentos sees net income rise by 57 per cent in 3Q2111 November 2021, Published under Cement NewsVotorantim Cimentos posted net income of BRL1.1bn (US$200.5m) in the 3Q21, an increase of 57 per cent over the same period last year. The company had global net revenue of BRL6.4bn in the 3Q21, an increase of 24 per ent compared to the 3Q20, primarily due to an increase in sales volume and favourable price dynamics. Votorantim Cimentos' global cement sales totalled 10.4Mt in the 3Q21, a seven per cent increase compared to the 9.7Mt sold in the 3Q20. Votorantim Cimentos ended... |
FLSmidth sees 22% rise in revenue11 November 2021, Published under Cement NewsFLSmidth has reported a 22 per cent YoY increase in revenue to DKK4660m (US$718.8m) in the third quarter of 2021, compared to DKK3834m in the 3Q20. EBITA advanced 72 per cent to DKK305m from DKK177m, while EBITA margin reached 6.5 per cent from 4.6 per cent. Including currency effects, order intake increased by 15 per cent YoY to DKK4549m against DKK3955m in the year-ago period. “Third quarter saw strong momentum in order intake. In particular for service orders, as activity in the min... |
Eagle Cement Corp announces 89% advance in profit11 November 2021, Published under Cement NewsPhilippine-based Eagle Cement Corp has seen its net profit surge 89 per cent to PHP5.1bn (US$101.76m) in the first nine months of 2021, against PHP2.7bn in the comparable period of last year. Net sales advanced 63 per cent YoY to PHP16.2bn, which has been attributed to a double-digit growth in volumes despite the average selling price of cement declining. “We are pleased to report an encouraging set of results amid the pandemic, much lower cement prices and increasing input costs,” sai... |
Nuvoco records group revenues of INR2000m in 2QFY21-2211 November 2021, Published under Cement NewsNuvoco Vistas Corp Ltd (Nuvoco) announced its unaudited financial results for the quarter ended 30 September 2021 with consolidated revenue from group operations (including NU Vista Ltd) reaching at INR20,200m (US$26.89m). Consolidated EBITDA margin stood at 17 per cent. Commenting on the results, Jayakumar Krishnaswamy, MD of Nuvoco Vistas Corp Ltd, said, “In spite of the challenging market conditions in our major operating market of East, we were able to achieve volumes at par as compar... |