Cement News tagged under: business results

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Cementarnica Usje sees profit up 22%

16 March 2020, Published under Cement News

North Macedonia’s Cementarnica Usje (Titan Cement) has reported a 21.5 per cent YoY rise in profit to MKD1.27bn (US$23.15m) in 2019. Domestic sales advanced 8.2 per cent to MKD3.15bn, while international sales climbed 8.7 per cent to MKD1.64bn. Operating revenue increased by 9.5 per cent to MKD5.03bn.

PIBTL likely to become hub of cement/coal handling

12 March 2020, Published under Cement News

The Directors of Pakistan International Bulk Terminal Ltd (PIBT) has released the detailed financial statements for the period ended 31 December 2019. During the period, Pakistan's only coal and clinker/cement terminal at Port Muhammad Bin Qasim has handled 44.07Mt cargo against 39.66Mt in the same period last year. It depicts a modest growth of 11.1 per cent, with consistent performance.   The management of the company is focussing on strategies to increase the efficiency in cargo handling...

Loma Negra sees net profit advance 35% in 2019

11 March 2020, Published under Cement News

Argentina’s Loma Negra has reported a 5.5 per cent YoY decline in revenue to ARS38.95bn (US$660m) for the full-year 2019 period, compared with ARS41.24bn in the previous year. However, net profit surged 34.8 per cent YoY to ARS4.04bn from ARS3bn. Adjusted EBITDA also climbed 2.3 per cent YoY to reach ARS11.21bn. The company’s sales volumes of cement, masonry and lime fell 9.7 per cent overall to 6.04Mt in 2019. Argentina contributed 5.47Mt (-10.6 per cent YoY), while Paraguay saw sales of ...

Breedon records revenues of GBP929.6m in 2019

11 March 2020, Published under Cement News

Breedon Group Plc has released its 2019 results that saw revenues reach GBP929.6m, up eight per cent on GBP862.7m in 2018. EBITDA totalled GBP116.6m, up 13 per cent on EBITDA of GBP103.5m in 2018. Net debt came in at GBP290.3m, down from GBP310.7m in 2018. Cement sales remained stable at 2Mt sold in 2019 when compared with the previous year, but 20.2Mt of aggregates were sold, up from 19.4Mt YoY. Asphalt sales also claimed from 2.8Mt in 2018 to 3Mt last year, while ready-mix concrete sales ...

TCK posts 15% decline in net profit for 2019

11 March 2020, Published under Cement News

Bosnia’s Tvornica Cementa Kakanj (TCK) has posted a 14.9 per cent YoY decline in net profit to BAM14.3m (US$8.4m) in 2019, compared with BAM16.8m in the previous year. The company’s operating revenue increased 1.8 per cent to BAM73.4m, while operating costs advanced 3.8 per cent to BAM57.3m.

Southern Province Cement Co sees net profit surge 137%

11 March 2020, Published under Cement News

Saudi Arabia’s Southern Province Cement Co has seen its net profit for 2019 surge 137.4 per cent YoY to SAR463m (US$123.47m) from SAR195m. The considerable advance has been attributed to a 46.4 per cent increase in sales, amongst other factors. Company revenue also climbed 46.4 per cent to SAR1.3bn from SAR888m in 2018.

Taiwan's cement manufacturers record mixed results

10 March 2020, Published under Cement News

Taiwan’s major cement manufacturers have reported mixed results in the first two months of 2020. Taiwan Cement Corp Taiwan Cement Corp has seen a 1.7 per cent decline in February revenue to TWD5bn (US$166.8m) from TWD5.09bn a year earlier. In the first two months of 2020, total revenue was down 13.7 per cent YoY to TWD12.5bn from TWD14.5bn. Asia Cement Corp Asia Cement Corp has also recorded a 9.9 per cent fall in sales to TWD2.85bn in February, compared with TWD3.17bn in the year-ago...

Tourah Portland Cement posts net loss in 2019

10 March 2020, Published under Cement News

Egypt’s Tourah Portland Cement has posted a net loss of EGP617.25m (US$39.3m) in 2019, compared with an EGP36.09m profit in the previous year. Total sales also declined 51.7 per cent YoY to EGP531.75m from EGP1.1bn. The company’s board of directors has reportedly stated that it has been one of the worst years for the industry due to higher supply, stronger competition and lower demand.

Suez Cement sees net loss narrow in 2019

10 March 2020, Published under Cement News

Egypt’s Suez Cement has seen its consolidated net loss narrow to EGP1.18bn (US$75.23m) in 2019 from EGP1.32bn in the previous year. However, sales declined 13.1 per cent YoY to EGP6.46bn from EGP7.43bn. In its standalone results, the company recorded a net loss of EGP1.26bn against an EGP10.69m profit in 2018.

LafargeHolcim Bangladesh profits grow in 2019

09 March 2020, Published under Cement News

LafargeHolcim Bangladesh has posted profit after tax of BDT1.737bn (US$16.24m) in 2019 as compared to BDT1.115bn in 2018.  This represents a growth of 56 per cent in profit after tax YoY, says the cpmany. The company recorded a growth of seven per cent in sales during 2019, which rose to BDT17.840bn from BDT16.632bn during this period. The company also declared 10 per cent cash dividend for 2019, which is the same as in the previous four years, as the cement maker continues to hold steady ...