Cement News tagged under: business results

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Usje posts 41% net profit drop in 9M22

24 October 2022, Published under Cement News

Cementarnica Usje , the North Macedonian subsidiary of Titan, reported a drop in net profit by 41 per cent to MKD621.2m (US$9.9m) in the first nine months of 2022 when compared with the year-ago period. The company’s operating expenses increased 46 per cent YoY to MKD4.1bn in the 9M22 on the back of higher material costs, which were up 78 per cent to MKD2.5bn. Operating revenue expanded by 22 per cent YoY to MKD4.8bn with domestic sales increasing 24 per cent YoY to MKD3.1bn and exports ...

Carthage Cement reports 10% increase in 9M turnover

14 October 2022, Published under Cement News

Tunisia-based Carthage Cement posted a turnover of TND262m (US$8.2m) at the end of September 2022, compared to TND239m in the 9M21, representing an increase of 10 per cent YoY, according to African Manager. The company attributes the rise in turnover to a 25 per cent hike in export revenues and a seven per cent advance in domestic sales. Export turnover increased to TND41.2m in the 9M22 from TND32.9m in the year-ago period. Local turnover advanced to TND198.4m in the January-September 202...

Steppe Cement sees 65% surge in 1H post-tax consolidated profit

30 September 2022, Published under Cement News

Steppe Cement has announced a consolidated profit after tax of US$10.2m for the six months ended 30 June 2022, up 65 per cent YoY. The Kazakstan cement producer’s gross margin in the 1H22 edged up from 44 to 46 per cent in US$ terms on the back of cement price increases . Selling expenses per tonne (in US$ terms) were down 20 per cent YoY in the 1H22 due to increased sales to markets located closer to the company’s cement plant. However, production costs increased by 11 per cent in ...

PT Semen Indonesia reports 2% drop in 1H revenues

29 September 2022, Published under Cement News

PT Semen Indonesia saw a 2.1 per cent slip in total revenues to IDR15.876trn in the 1H22 when compared with the year-ago period. The company attributed the decrease mainly to lower sales volumes, which were down by 12 per cent YoY to 16.957Mt. Domestic sales volumes were down 2.6 per cent YoY to 13.972Mt as demand contracted due to the Lebaran holidays after a two-year gap during the pandemic and a shift in spending priorities by local people. Regional sales volumes fell by 39.2 per cent...

Ciments de Bizerte reports TND12m loss in 1H22

29 September 2022, Published under Cement News

Tunisia-based Ciments de Bizerte posted a loss of TND11.9m (US$3.6m) in the first half of 2022 when compared with a profit of TND1.3m in the 1H21. The company’s operating result is a loss of TND7.2m in the 1H22 when compared with a profit of TND6.8m in the 1H21. Revenues were down to TND57.8m in the 1H22 from TND72.3m in the year-ago period. The company has attributed the fall due to a decline in both domestic and export markets. In addition, the company saw a 56 per cent rise in petco...

LafargeHolcim Morocco reports 27% drop in 1H net income

28 September 2022, Published under Cement News

LafargeHolcim Maroc posted a 27 per cent YoY drop in net income to MAD759m (US$69.5m) at the end of June 2022. Consolidated turnover stood at MAD4004m, level with the year-ago period as the company faced unfavourable market conditions and a sharp rise in input prices. Operating income was down 17 per cent to MAD1464m as fossil energy prices surged and were only passed on to prices partly. In addition, the increase in social contributions to MAD176m also impact the group’s 1H22 result. ...

Chia Hsin reports 10% increase in August sales

14 September 2022, Published under Cement News

Chia Hsin Cement posted revenues of TWD182.371m (US$5.9m) in August 2022, up 9.8 per cent from TWD166.022m in August 2021. In the January-August 2022 period, Chia Hsin’s sales slipped by 4.5 per cent to TWD1388.559m from TWD1453.918m in 8M21.

Taiwan Cement posts 19% increase in 8M revenues

13 September 2022, Published under Cement News

Taiwan Cement saw a 19.2 per cent advance in revenues to TWD10,689.86m (US$345.9m) in August 2022 from TWD8966.476m in August 2021. In the first eight months of 2022 total revenue edged up 2.5 per cent to TWD68,937.1m from TWD67,307.8m in the 8M21.

Cemento Polpaico reports 17% rise in 1H revenues, 1H profits are down

09 September 2022, Published under Cement News

Cemento Polpaico SA reported revenues of CLP178.053bn (US$201.8m) in the January-June 2022 period, up 16.9 per cent when compared with CLP152.376bn in the January-June 2021. The Chilean cement producer has attributed the increase in revenues mainly to “the updating of the price level in all businesses as a result of the strong increase in the costs of production and distribution resulting from rise in inflation, rise in the exchange rate, rise in the cost of fuel and the increase in the co...

Asia Cement posts TWD59bn revenue in 8M22

09 September 2022, Published under Cement News

Taiwan-based Asia Cement Corp reported a 1.7 per cent drop in revenues to TWD7.069bn (US$228.5m) in August 2022 when compared with the TWD7.193bn posted in August 2021. In the first eight months of 2022 revenues saw a 8.1 per cent YoY advance from TWD54.657bn to TWD59.103bn.