Business Results

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Orient Cement posts INR682 4Q net profit

Orient Cement posts INR682 4Q net profit

CK Birla Group subsidiary Orient Cement Ltd reported a 1.4 per cent uptick in revenue from operations to INR8.88bn in January-March 2024 when compared with the equivalent quarte...

Ambuja Cements announces record results

Ambuja Cements announces record results

Ambuja Cements , part of the Adani Group , has reported record-breaking financial results for the 4QFY23-24 as well as the full year, ended 31 March 2024. According to the compa...

BUA Cement reports revenue growth in 1Q24

BUA Cement reports revenue growth in 1Q24

Nigeria-based BUA Cement has released its unaudited financial statements for the three months ended 31 March 2024. The company has posted revenue of NGN161,131m (US$114.4m) over...

CEMEX upgraded by Fitch Ratings

CEMEX upgraded by Fitch Ratings

CEMEX has reached full investment grade status after being upgraded to BBB- by rating agency Fitch Ratings. This follows S&P Global Ratings’ upgrade announced in March 2024. “Ac...

Vicat sees 8% like-for-like advance in 1Q sales

Vicat sees 8% like-for-like advance in 1Q sales

Vicat reported a 1.2 per cent YoY (+7.9 per cent like for like (lfl)) uptick in consolidated sales to EUR911m in the first quarter of 2024 from EUR899m in the 1Q23. The company ...

Huaxin Cement sees revenue advance 7% YoY

Huaxin Cement sees revenue advance 7% YoY

Huaxin Cement has posted revenue of CNY7.08bn (US$977m) in the first quarter of 2024, ended 31 March, up 6.9 per cent on the same period a year earlier. Net income over the same...

Yamama Cement 1Q profit edges up 2%

Yamama Cement 1Q profit edges up 2%

Yamama Saudi Cement Co reported sales of SAR273.7m (US$73m) in the 1Q24 when compared with SAR279.9m in the year-ago period. The 2.2 per cent YoY drop was on the back of a decre...

Usje sees 58% jump in net profit in 1Q24

Usje sees 58% jump in net profit in 1Q24

Cementarnica Usje AD of North Macedonia, part of the Titan group, reported a six per cent increase in domestic sales to MKD840.2m (US$14.6m) in the 1Q24 while export sales are u...

UltraTech Cement sales up 9% YoY

UltraTech Cement sales up 9% YoY

India’s UltraTech Cement , part of the Aditya Birla Group, has reported a strong performance in the 4QFY24, ended 31 March 2024. Consolidated net sales for the three-month perio...

Dangote reports 101% revenue surge in 1Q24

Dangote reports 101% revenue surge in 1Q24

Dangote Cement has reported group revenue of NGN817.4bn (US$659m) in the first quarter of 2024, ended 31 March, marking a 101 per cent surge YoY. EBITDA advanced by 66.6 per cen...