Orient Cement sees 3Q profit fall by 19% YoY
CK Birla-owned Orient Cement reported an 18.9 per cent decline in net profit to INR436.7m (US$5.84m) for the third quarter, ended 31 December 2021. In the equivalent quarter of ...
Business Results
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FLSmidth updates financial guidance for 4Q21 and 2021 performance
FLSmidth updated its preliminary full year 2021 revenue guidance replacing its financial guidance provided on 11 November 2021. This improvement was primarily driven by the Capi...
Bizerte reports 18% increase in sales in 2021
Tunisia-based Les Ciments de Bizerte reported a 17.8 per cent advance in revenues to TND130.8m (US$45.1m) in 2021 from TND111m in 2020. Domestic sales increased by five per cent...
GCC reports favourable performance in 4Q21 and 2021
GCC reported a 10.9 per cent YoY advance in consolidated net sales to US$257.9m in the fourth quarter of 2021. EBITDA remained stable at US$83.1m with an 31.5 per cent EBITDA ma...
Ha Tien sees 65% drop in 4Q net profit
Ha Tien 1 Cement JSC , in which Vietnam Cement Industry Corp holds a 79.7 per cent stake, reported a 65.4 per cent YoY fall in consolidated net profit to VND53.32bn (US$2.3m) in...
Ramco Cements sees 59% fall in 3Q net profit
India-based Ramco Cements Ltd reported a 59 per cent decrease in standalone profit after tax at INR830m for the quarter ended 31 December 2021 (3QFY21-22). In the 3QFY20-21 stan...
UltraTech Cement consolidated net sales reach INR127.1bn in 3QFY22
UltraTech Cement reports that its consolidated net sales was INR127.1bn (US$1.71bn) in the 3QFY22 when compared with INR121.4bn over the corresponding period of the previous yea...
Steppe Cement sees 16% hike in revenue in 2021
Kazakh cement producer Steppe Cement saw its revenue increase 16 per cent to KZT36.02bn (US$82.7m) in 2021 as it sold 1,688,544t of cement, up from the 1,645,744t reported in 20...
Sika reports 17% growth in 2021
Sika has recorded sales of CHF9.24bn in 2021 (EUR8.95bn), an YoY uptick of 17.1 per cent in local currencies and 17.3 per cent in CHF. The acquisition effect was two per cent an...
InterCement sees light at the end of the tunnel
Following InterCement Participações’s financial and management adjustment measures of the last two years, the cement producer is set to return to the markets in a leaner, health...