Northern Region Cement reports 50% drop in net profit in 2023
Saudi Arabia-based Northern Region Cement Co saw a 11.6 per cent increase in revenue to SAR689.55m in 2023 from SAR617.95m in 2022. However, net profits were down by 49.9 per ce...
Business Results
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Votorantim Cimentos announces a 123% increase in net profit in 2023
Votorantim Cimentos has reported a 123 per cent growth in net profit in 2023 to BRL2.6bn (US$522.7m), from BRL1.2bn in 2022. The company’s consolidated global net revenue was BR...
Riyadh Cement reports 8% uptick in sales
Saudi Arabia-based cement producer Riyadh Cement Co reported a 7.6 per cent increase in sales to SAR643.4m (US$171.6m) in 2023 when compared with SAR598m in 2022 on the back of ...
Cementir announces 2% drop in revenue in 2023
Cementir has announced that its 2023 group revenues from sales and services have dropped 1.7 per cent to EUR1694.2m (US$1852.02m) after a record year of EUR1723.1m in 2022. The ...
Eastern Province Cement net profit up 39%
Saudi Arabia-based Eastern Province Cement Co reported a 38.5 per cent advance in net profit to SAR198m (US$52.8m) in 2023 when compared with SAR143m in 2022. The company’s sale...
LafargeHolcim Maroc posts 3% pick-up in revenue
LafargeHolcim Maroc reported a revenue of MAD8212m (US$816.2m) in 2023, up 2.8 per cent YoY from MAD7975m in 2022. The advance is attributed to higher cement sales and increased...
Cementos Molins reports record results in 2023
Spain-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 impac...
FLSmidth reports 39% increase in net profit
In 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 increase...
SungShin Cement swings into the black in 2023
South 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 su...
Sika reports record sales, up 7%, in 2023
Sika 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 effe...