Heidelberg Materials reports strong 1Q revenue growth
Heidelberg Materials announced a 13.4 per cent YoY increase in revenues (adjusted for scope of consolidation and exchange rate effects) to EUR4896m in the first quarter of 2023....
Business Results
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Breedon reports positive 1Q trading update
Breedon Group plc posted a positive trading update for the first quarter of 2023. It attributes the good result to its dynamic pricing strategy, which allowed the group to recov...
GCC reports 146% surge in 1Q net income
GCC SAB de CV posted its first-quarter 2023 consolidated sales, which saw a 17.9 per cent YoY increase to US$243.9m. EBITDA in the 1Q23 advanced 15.5 per cent YoY to US$63m. The...
Indocement sees 3% rise in profit in 2022
PT Indocement Tunggal Prakarsa Tbk (INTP), part of Heidelberg Materials , reported a profit of IDR1.84trn (US$123.2m), up three per cent YoY, in 2022. Net revenue was up 10.5 pe...
UltraTech sees 12% hike in sales volume in FY22-23
UltraTech Cement , part of Aditya Birla Group , has reported a 12 per cent advance in consolidated sales volume, including its overseas operations in UAE, Bahrain and Sri Lanka,...
Ciments du Maroc posts 25% drop in net profit in 2022
Morocco-based Ciments du Maroc , part of Heidelberg Materials , has reported a turnover of MAD4.043bn (US$395.4m) in 2022, representing a decrease of 2.1 per cent YoY from MAD4....
LafargeHolcim Maroc reports 31% drop in net income
LafargeHolcim Maroc , part of the Holcim group, posted a 2.6 per cent YoY decrease in consolidated turnover to MAD7.98bn (US$776.5m) in 2022. Sales volumes of the company contra...
Eastern Province Cement FY profit sees 26% drop
Full-year sales of Saudi Arabia’s Eastern Province Cement advanced 3.4 per cent to SAR784m (US$209.1m) in 2022 to SAR758m in the year-ago period. Net profit after zakat and tax ...
Northern Region Cement posts 5% increase in 2022 net profit
Revenues of Northern Region Cement Co in Saudi Arabia increased by 10 per cent to SAR617.95m in 2022 from SAR561.91m in 2021. Net profits after zakat and tax advanced 5.4 per ce...
City Cement reports drop in net profit in 2022
Sales of Saudi-Arabia-based City Cement saw a 13.1 per cent fall to SAR431.4m (US$115m) in 2022 from SAR496.7m in 2021, reports Reuters. Net profit after zakat and tax was down ...