Cement News tagged under: business results
Vicat posts 9M21 consolidated sales up 4% YoY04 November 2021, Published under Cement NewsVicat reported consolidated sales in the third quarter of 2021 of EUR794m, up 4.2 per cent YoY on a reported basis and up 19.7 percent at constant scope and exchange rates when compared with the 3Q20. “This performance confirms the strength of the Group’s business trends in a quarter when the basis of comparison was highly unfavourable in France, the Americas and India. Last year, activity in the third quarter of 2020 was boosted by a catch-up in these regions after the pandemic had taken ... |
Summit Materials posts 3% improvement in revenue04 November 2021, Published under Cement NewsUS-based Summit Materials has announced its third quarter results for 2021, recording an 18.2 per cent YoY decrease in net income to US$74.2m from US$90.7m in the year-ago period. However, net revenue improved 2.6 per cent to US$662.3m from US$645.2m in the 3Q20, supported by higher aggregates, ready-mix concrete and cement revenue on continued favourable market demand conditions and price growth in all lines of business, according to a statement. Adjusted EBITDA also increased 7.3 per cen... |
Tabuk Cement sees 11% decrease in profit04 November 2021, Published under Cement NewsSaudi Arabia’s Tabuk Cement has posted a 10.5 per cent YoY fall in net profit to SAR8.48m (US$2.26m) in the third quarter of 2021, compared with SAR9.47m in the year-ago period. Sales also declined 32.9 per cent YoY to SAR48m from SAR71.49m in the 3Q20. |
Martin Marietta sets record revenues in 3Q2103 November 2021, Published under Cement NewsMartin Marietta Materials Inc reported results for the third quarter ended 30 September 2021, achieving record consolidated products and services revenues of US$1.463bn, versus US$1.241bn in 2020. The building materials business produced record products and services revenues of US$1,390.8m, a 17.3 per cent increase, and record product gross profit of US$413.1m, a 7.9 per cent rise. Cement shipments increased 4.1 per cent, benefitting from robust construction activity throughout... |
Star Cement posts 3% revenue increase03 November 2021, Published under Cement NewsIndia’s Star Cement has posted a standalone net profit of INR229.4m (US$3.07m) in the quarter ending 30 September, falling 39.8 per cent YoY from INR381.2m in the same period of the previous fiscal. However, net revenue saw a modest improvement of 3.4 per cent to INR3.98bn from INR3.85bn. |
Najran Cement sees 24% fall in profit02 November 2021, Published under Cement NewsSaudi Arabia’s Najran Cement has posted a net profit of SAR36.1m (US$9.23m) in the third quarter of 2021, down 23.8 per cent YoY from SAR47.4m in the year-ago period. Sales also declined 20.8 per cent YoY to SAR125.9m from SAR159m in the 3Q20. |
City Cement sees 26% fall in profit02 November 2021, Published under Cement NewsSaudi Arabia's City Cement has posted a 25.6 per cent YoY decline in net profit to SAR38m (US$10.13m) in the quarter ending 30 September 2021, compared with SAR51.1m in the year-ago period. Sales also fell 20.6 per cent to SAR111.6m from SAR140.6m in the 3Q20. |
Dangote Cement records 34% rise in group revenue01 November 2021, Published under Cement NewsNigeria’s Dangote Cement has announced a 34.2 per cent YoY increase in group revenue to NGN1022bn (US$2.49bn) for the first nine months of the year, compared with NGN761.4bn in the year-ago period. Group EBITDA also surged 45 per cent YoY to NGN514.8bn from NGN355bn in the 9M20, with its EBITDA margin up to 50.4 per cent from 46.6 per cent. “Given the strong rebound in 3Q20 following the impact of COVID-19 in the first half of the year, volumes in 3Q21 were slightly lower than 3Q20, as a... |
BUA Cement records 23% increase in profit01 November 2021, Published under Cement NewsNigeria’s BUA Cement has reported a 23.2 per cent increase in profit after tax to NGN65.91bn (US$160.54m) in the first nine months of the year, compared with NGN53.5bn seen in the 9M20. Revenue for the period also increased 19.4 per cent YoY to NGN186.9bn from NGN156.5bn. EBITDA advanced 14.8 per cent YoY in the third quarter of 2021, as the revenue increase accounted for a rise in the cost of sales. |
Cementos Pacasmayo sees 25% increase in 3Q revenues01 November 2021, Published under Cement NewsPeru-based Cementos Pacasmayo has reported a 24.5 per cent YoY increase in revenues to PEN507.2m (US$127m) in the 3Q21, on the back of higher sales volumes of cement, concrete and precast, and an increase in cement and concrete prices, in line with cost inflation. The total sales volume of cement, concrete and precast saw a 14.4 per cent YoY uptick to 937,700t with bagged cement as the largest driver for growth. However, consolidated EBITDA slipped 2.7 per cent YoY to PEN117.3m, mainly du... |