Cement News tagged under: business results

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Dyckerhoff Cement Ukraine sees 414% surge in profit

06 March 2020, Published under Cement News

Dyckerhoff Cement Ukraine has reported a 414.2 per cent surge in profit to UAH814.27m (US$32.7m) for 2019, against UAH158.36m in the previous year, according to the Ukrainian News Agency. The company’s total assets as of the end of 2019 also increased by 8.7 per cent YoY to UAH2.65bn.

Sagar Cements records 8% YoY fall in production

06 March 2020, Published under Cement News

India’s Sagar Cements has seen its standalone cement production fall 7.9 per cent to 207,860t in February 2020, compared to 225,751t in the year-ago period. Consolidated cement production was also down 3.6 per cent YoY to 287,833t from 298,540t. The company's standalone cement sales for the month declined 2.6 per cent YoY to 212,002t from 217,540t in February 2019. However, consolidated cement sales increased 2.4 per cent YoY to 294,518t from 287,512t.

Yanbu Cement reports 183% rise in net profit for 2019

05 March 2020, Published under Cement News

Saudi Arabia’s Yanbu Cement has reported a 182.7 per cent increase in net profit to SAR257.8m (US$68.75m) for 2019, compared to SAR91.2m in the previous year. The company’s revenue also climbed 27.2 per cent YoY to SAR975.7m from SAR767.1m.

Saudi Cement Co records 13% increase in net profit

04 March 2020, Published under Cement News

Saudi Cement Co has seen a 12.7 per cent YoY increase in net profit to SAR451.4m (US$120.37m) for the full-year 2019 period, compared with SAR400.5m in the previous year. Total sales for the company also advanced 28.6 per cent YoY to SAR1.44bn from SAR1.12bn.

CRH EBITDA up 25% in 2019

03 March 2020, Published under Cement News

CRH plc posted a six per cent advance, or three per cent like-for-like (LfL), in sales to EUR28.3bn in 2019 when compared with 2018. The company’s EBITDA increased 25 per cent (+3 per cent LfL) YoY to EUR4.2bn while it saw an EBITDA margin increase of 230 basis points. “CRH delivered good profit growth in 2019 supported by positive momentum in our heritage businesses and strong contributions from recent acquisitions. With a continuing focus on margin expansion, cash generation and enhanced ...

Sephaku Cement sees profits fall on construction activity decline

03 March 2020, Published under Cement News

Sephaku Cement (Dangote group) says it expects the next 12-18 months to be tough on the building sector. Declining numbers of new construction sites are impacting on business. The market is expected to remain subdued, Sephaku Cement said, as reflected by the 12.7 per cent decline in building plans passed for 2019, according to Stats SA data. Sephaku Cement reported profit after tax slumped to ZAR1.3m (US$83,745) in its year to end-December, from ZAR128.7m previously. It said it had sel...

Holcim Philippines posts 41% net income advance in 2019

03 March 2020, Published under Cement News

Holcim Philippines achieved a revenue of PHP33.5bn (US$660.4m) in 2019 despite a slow first half in terms of construction activity. However, the company’s operating EBITDA increased 36.7 per cent YoY to PHP6.7bn in 2019 from PHP4.9bn in 2018 as the company benefitted from initiatives to raise efficiencies and improve costs across the board. The rise was further supported by a more favourable product mix and the stable contribution of its aggregates business. The company’s full-year net in...

Pioneer Cement appoints new CEO, posted loss during 1HY19

03 March 2020, Published under Cement News

Pioneer Cement Ltd (PIOC) has announced its financial results for the half year ended 31 December  2019. It reported a loss after taxation of PKR111.66m (US$0.72m) compared to profit of PKR526.96m earned in corresponding period last year. The major factors for the loss were lesser revenue, fall in export of cement followed by paying of significant amount of federal excise duty. The company local sales slightly decreased by 2.8 per cent to PKR6.85bn from PKR7.05bn in the same period last yea...

Dangote Cameroon sees 7% sales drop in 2019

02 March 2020, Published under Cement News

Sales volumes of Dangote Cameroon fell 6.5 per cent YoY to 1.1Mt in 2019. Cement prices averaged at US$108/t in the financial year. "We had to deal with a drop in volumes due to security problems in the North West and South West region of the country as well as new competitor capacities. Overall, volumes were down 6.5 per cent in 2019 from 2018 due to increased competition in key markets, "said Dangote in its annual report. The company expects to improve its sales in 2020 due to the const...

Ciments du Maroc turnover falls in 2019

02 March 2020, Published under Cement News

The unaudited consolidated turnover of Ciments du Maroc slipped by 0.8 per cent YoY to MAD3.89bn (US$405.8m) in 2019 despite an improvement in the cement market. The fall was due to a decline in concrete sales, which offset the positive development of cement sales, said the company.