Cement News tagged under: business results
Cementos Molins reports record results in 202329 February 2024, Published under Cement NewsSpain-based Cementos Molins closed 2023 with revenues of EUR1349m, up six per cent YoY with gains across all businesses and regions as sales increased and price management impacted positively on the company’s results. EBITDA advanced 22 per cent YoY to EUR337m thanks in particular to the contribution of the company’s Spanish and Mexican operations. Higher volumes, successful efficiency plans and increases in selling prices all played a role in improving the operational result. However, the... |
FLSmidth reports 39% increase in net profit22 February 2024, Published under Cement NewsIn its consolidated results of 2023, Denmark-based FLSmidth reported a 10 per cent increase in revenue to DKK24,106m from DKK21,849m in 2022. The company’s gross profit increased by 20 per cent YoY to DKK6087m from DKK5076m in 2022, resulting in an improved profit margin of 25.3 per cent in 2023 from 23.2 per cent in the previous year. EBITA increased from DKK943m in 2022 to DKK1438m in 2023 while net profit increased by 39 per cent YoY to DKK491m from DKK352m. Mining order intake decreas... |
SungShin Cement swings into the black in 202321 February 2024, Published under Cement NewsSouth Korea-based SungShin Cement reported a preliminary and unaudited revenue of KRW1.113trn (US$832,886) in 2023, up from KRW1.03trn in 2022. The company’s operating profit surged from KRW1.83bn in 2022 to KRW77.73bn in 2023 while net profit reached KRW65.75bn in 2023, a significant turnaround when compared with a loss of KRW26.47bn in 2022. SungShin operates the 11.3Mta Danyang integrated plant in Danyang-gun and the 0.5Mta Bugang grinding unit in Cheongwon-gun. |
Sika reports record sales, up 7%, in 202320 February 2024, Published under Cement NewsSika posted record sales of CHF11,238.6m, up 7.1 per cent with an increase of 14.5 per cent in terms of local currencies in 2023. Operating profit adjusted for one-time M&A effects increased to CHF1680.6m, up 12.7 per cent YoY, resulting in an EBIT margin of 15 per cent (2022:14.2 per cent). Net profit declined 8.6 per cent YoY to CHF1062.6m in 2023, resulting in a net profit margin of 9.5 per cent, down from 11.1 per cent in 2022. The company also closed the largest acquisition in its... |
Ciments de Bizerte reports 24% drop in revenue in 202306 February 2024, Published under Cement NewsTunisia-based Ciments de Bizerte reported a 23.7 per cent decline in revenue to TND94.4m (US$30.14m) in 2023 when compared with the previous year, according to data from the Tunis Stock Exchange. Cement sales volumes were down 10 per cent YoY. Domestic turnover fell by 16.5 per cent YoY to TND93.9m with cement and lime sales of 4.978Mt. The fall in domestic demand was attributed to the recession in the construction market as real estate prices increased and there was an absence of infras... |
RAK White Cement posts AED20.5m profit in 202306 February 2024, Published under Cement NewsRas Al Khaimah Co for White Cement and Construction Materials has reported a net profit of AED20.54m in 2023, down 2.6 per cent from AED21.08m in 2022. Sales increased 3.3 per cent to AED255.89m in 2023 from AED247.66m in 2022. Basic earnings per share remained unchanged at AED0.04/share at 31 December 2023. |
Nuvoco sees 55% increase in 3Q EBITDA01 February 2024, Published under Cement NewsNuvoco Vistas Corp saw consolidated cement sales volume fall by 10 per cent YoY to 4Mt in the 3QFY23-24 (October-December 2023). The company also reported a seven per cent drop in revenue to INR24.21bn (US$291.6m). However, EBITDA expanded by 55 per cent YoY in the 3QFY23-24 to INR4.21bn, supported by improved price realisations and a decline in power and fuel costs. EBITDA/t of INR1048 was the highest in the last 10 quarters, according to a company presentation. Raw material costs for... |
Carthage Cement reports record turnover23 January 2024, Published under Cement NewsTunisia-based Carthage Cement closed 2023 with a turnover of TND431m (US$138.7m), up 18 per cent when compared with the company’s turnover in 2022, driven by its cement and aggregate business. Domestic turnover increased 22 per cent to TND339m in 2023 from TND278m in 2022. Export turnover was stable at TND57m. Aggregate sales increased 27 per cent YoY from TND17.6m to TND22.4m in 2023. Concrete sales fell by 11 per cent YoY to TND12.7m from TND14.3m. The company invested TND30.5m and ... |
Sika posts record sales in 202312 January 2024, Published under Cement NewsSika reports record sales of CHF11.24bn in 2023, up 7.1 per cent YoY in Swiss franc terms and 14.5 per cent in local currency terms. There was a high negative foreign currency effect of -7.4 per cent due to the sharp appreciation of the Swiss franc. Thomas Hasler, Sika's CEO, said: “Sika has once again proved its resilience over the past 12 months. Thanks to our well-functioning business model, our high level of innovation, and the strong commitment of our 33,000 employees around the world... |
Cemento Polpaico posts 9M23 loss30 November 2023, Published under Cement NewsChile-based Cemento Polpaico reported losses of CLP9016.24m (US$10.4m) in the first nine months of 2023, compared with a profit of CLP3576.95m in the 9M22. The company's revenue improved 4.2 per cent YoY to CLP261,921.45m in the 9M23. EBITDA reached CLP9743.17m in the 9M23 when compared with CLP16,485.72m in the 9M22. "During the third quarter of 2023, a lower dynamism in the construction sector, marked by a significant decrease in the demand for materials, associated to a decrease in th... |