Business Results

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Buzzi Unicem records 9M21 cement sales of 23.4Mt

Buzzi Unicem records 9M21 cement sales of 23.4Mt

Buzzi Unicem SpA has reported a 7.5 per cent rise in cement sales volumes in the first nine months of 2021, increasing to 23.36Mt from 21.72Mt. Consolidated net sales stood at E...

Lucky Cement posts 15% fall in revenue in 10M21

Lucky Cement posts 15% fall in revenue in 10M21

Taiwan’s Lucky Cement has posted a 27.5 per cent YoY decline in revenue to TWD276.7m (US$9.84m) in October 2021, compared to TWD381.65m in the year-ago period. In the first 10 m...

Cemex closes US$3.5bn credit agreement

Cemex closes US$3.5bn credit agreement

Cemex has closed a new US$3.25bn syndicated credit agreement, with it being the first debt issued under its sustainability-linked financing framework. The proceeds have been use...

Qassim Cement sees sales down 27% YoY

Qassim Cement sees sales down 27% YoY

Saudi Arabia’s Qassim Cement has reported a net profit of SAR60.4m (US$16.11m) in the third quarter of 2021, down 49.7 per cent YoY from SAR110.1m. Sales also decreased 26.5 per...

Semapa reports 68% climb in profit

Semapa reports 68% climb in profit

Portugal’s Semapa has recorded a net profit of EUR122.2m (US$141.17m) in the first nine months of 2021, up 68 per cent on EUR72.8m in the 9M20. The group’s consolidated turnover...

Tokyo Cement Co (Lanka) sees revenue up 4%

Tokyo Cement Co (Lanka) sees revenue up 4%

Tokyo Cement Co (Lanka) has reported a four per cent YoY increase in revenue to LKR11.88bn (US$58.96m) in the third quarter of 2021. However, net profit fell 94 per cent to LKR1...