Cement News tagged under: business results
Indocement sees 3% uptick in 8M21 sales08 October 2021, Published under Cement Newsndonesia-based Indocement Tunggal Prakarsa is on track to sell up to 18.1Mt of cement in 2021, according to Mirae Asset Sekuritas analyst Mimi Halimin. The company has seen its domestic sales expand by 3.3 per cent to 10.4Mt in the first eight months of the year. In August there was an 0.5 per cent uptick to 1.5Mt. “Although relatively flat from last year, the volume was 7.7 per cent higher than the previous month. This indicates a recovery in volume along with the gradual pick-up in econ... |
Tanga Cement sees net loss widen in 1H2107 October 2021, Published under Cement NewsTanzania’s Tanga Cement saw its net loss widen to TZS7.8bn (US$3.38m) in the first half of 2021, compared with a TZS5.2bn loss in the year-ago period. Around TZS2.6bn has been attributed to a major breakdown in clinker production units that saw costs of production surge, according to The Citizen. Board Chairman, Lawrence Masha, noted that due to the breakdown it had to purchase 117,259t of clinker to ensure sufficient cement production. The increase in the cost of sales took its toll o... |
Dewan Cement sees 7% rise in turnover27 September 2021, Published under Cement NewsPakistan's Dewan Cement has announced a 7.3 per cent YoY rise in net turnover to PKR6.3bn (US$37m) for the year ended 30 June 2021, compared with PKR5.83bn in the year-ago period. The company also recorded a PKR666.4m loss for the FY20-21, which had contracted against the PKR1.32bn loss seen in the previous fiscal year. |
Belarus cement exports up 54% in 7M2116 September 2021, Published under Cement NewsCement exports from Belarus increased by 53.7 per cent YoY in the January-July 2021 period, according to Belarusian Cement Co. Total cement shipments increased 110 per cent and total sales surpassed BYN14.1m (US$5.7m), reflecting a profit margin of 8.9 per cent. The company’s cement production advanced by 4.6 per cent, while its lime and chalk output were up by 7.9 and 9.5 per cent, respectively. |
Universal Cement sees 18% rise in revenue10 September 2021, Published under Cement NewsTaiwan’s Universal Cement has seen a 17.5 per cent YoY rise in August revenue to TWD431.2m (US$15.61m), compared to TWD366.99m in the year-ago period. In the first eight months of the year, revenue advanced 11.5 per cent to TWD3.83bn from TWD3.44bn. |
Lucky Cement Co sees revenue down 12% YoY in 8M2108 September 2021, Published under Cement NewsTaiwan’s Lucky Cement Co has reported a 31.9 per cent YoY decline in August revenue to TWD249.98m (US$9.01m) from TWD366.85m in the year-ago period. In the first eight months of the year, revenue has also decreased 11.5 per cent YoY to TWD2.64bn from TWD2.98bn. |
Nuvoco Vistas sees improvement in first quarter07 September 2021, Published under Cement NewsIndia’s Nuvoco Vistas Corp has recorded a consolidated net profit of INR1.14bn (US$15.58m) in the first quarter of the fiscal ending 30 June 2021, compared to an INR913.8m net loss in the year-ago period. Consolidated revenue from operations also surged to INR22.03bn from INR8.42bn in the 1QFY20-21. "In spite of the countrywide lockdown, the company achieved exceptional volume growth in the quarter ended 30 June 2021. With a thrust on innovation and premium products, leveraging synergy be... |
CBB sees 67% rise in profit07 September 2021, Published under Cement NewsChilean cement producer CBB (formerly known as Cementos Bío-Bío) reported a 13.9 per cent advance in revenues to CLP134.538bn in the first six months of 2021 from CLP118.124bn in the 6M20. The company’s profit attributable to shareholders increased by 66.7 per cent YoY to CLP7.205bn in the 6M21 from CLP4.323bn in the 6M20. In its cement business the company nearly quadrupled its operating profits, mainly from a low base as COVID-19 impacted cement dispatches in 2020. In its concrete bus... |
Malaysia’s CMS posts 284% rise in 2Q net profit01 September 2021, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Berhad (CMS) reported a 32.3 per cent rise in 2Q revenues from MYR139.878m in the 2Q20 to MYR185.001m in the 2Q21. Profit before tax tripled from MYR18.479m to MYR57.471m over the same period. Profit attributable to equity holders of the parent company was up 283.7 per cent to MYR47.39m from MYR16.707m. In the first half of 2021 the company saw revenue edge up 17.5 per cent from MYR329.322m to MYR387.058m while profit before tax advanced from MYR36.573m to ... |
Cemento Polpaico sees revenues double in 1H2131 August 2021, Published under Cement NewsChile-based Cemento Polpaico reported a surge in consolidated revenues from CLP76,528m in the 1H20 to CLP152,376m in the 1H21. Profit before tax reached CLP9361m, reversing a loss of CLP8424m in the 1H20. Net profit reached CLP6833m in the 1H21, from a loss of CLP5862 in the 1H20. The results include the consolidation of Cementos Bicentenario. The company’s cement business saw its revenues increase to CLP148,644m in the 1H21 from CLP74,634m in the 1H20 while revenues in its sand business w... |