Cement News tagged under: business results

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Najran Cement sees drop in quarterly profit

02 August 2022, Published under Cement News

Najran Cement Co of Saudi Arabia reported a net profit after zakat and tax of SAR13.3m (US$3.5m) in the second quarter of 2022, down 59.3 per cent when compared with SAR32.7m in the 2Q21. Sales in the 2Q22 declined to SAR108.1m from SAR131.6m in the 2Q21. The drop in profit was attributed to increasing production costs as well as selling and distribution expenses.

Northern Cement sees 21% increase in 2Q profit

02 August 2022, Published under Cement News

Jordan-based Northern Cement Co reported a 21.4 per cent rise in profit to JOD1.7m (US$2.39m) in the 2Q222 from JOD1.4m in the 2Q21. Sales in the 2Q22 were down 3.3 per cent to JOD8.9m from JOD9.2m in the 2Q21.

Orient Cement profit hit by fuel costs

01 August 2022, Published under Cement News

Orient Cement has recorded unaudited revenue from operations of INR7139.3m (US$90.1m) in the quarter ended 30 June 2022. This compares to INR6909m in the same period a year earlier. Total expenses over the same period, however, advanced from INR5558.7m to INR6560.5m, mainly driven by soaring power and fuel costs which advanced from INR1320.8m to INR2286.8m. As a result, net profit for the quarter ended 30 June 2022 came in at INR3741.7m, down from the INR8945.8m seen in the same peri...

HeidelbergCement’s Group revenue rises 11% in 1H22

29 July 2022, Published under Cement News

HeidelbergCement Group's revenue rose significantly by 11.3 per cent to EUR9950m (1H21: EUR8938m) in comparison with the first half of the previous year. Excluding consolidation and exchange rate effects, the increase amounted to 11.6 per cent. This is primarily due to successful price adjustments in all business lines, says HeidelbergCement.   "The first half of 2022 was characterised by the strong increase in energy and raw material prices. In this persistently difficult market envi...

Cementos Molins reports on 35% rise in revenue in 1H22

28 July 2022, Published under Cement News

Cementos Molins has reported revenue of EUR608m in the first half of 2022, up 35 per cent on the same period a year earlier, driven by higher activity in South America and acquisitions in 2021. On a like-for-like basis of currencies and consolidation scope, revenue advanced by 12 per cent. EBITDA in the 1H22 reached EUR132m, marking a six per cent advance on the 1H21, mainly due to the improvement of business outside Europe, the contribution from acquisitions, and the positive exchange ra...

Vicat reports 13% rise in 1H sales but rising energy costs affect EBITDA

28 July 2022, Published under Cement News

Vicat reported a 12.5 per cent increase in first-half sales to EUR1755m (US$1790.6m) in the January-June 2022 period when compared with the 1H21, when sales reached EUR1560m. At constant scope and exchange rates, the advance was 14.5 per cent. However, in the 1H22 EBITDA declined by 10.4 per cent YoY (9.8 per cent at constant scope and exchange rates) to EUR269m from EUR300m in the 1H21. The EBITDA margin retreated to 15.3 per cent from 19.2 per cent in the year-ago period. The company...

JK Lakshmi Cement sees revenue gain

28 July 2022, Published under Cement News

JK Lakshmi Cement has reported unaudited standalone revenue from operations of INR15,510m (US$194.3m) in the three months ended 30 June 2022, compared to INR12,315m in the same period a year earlier. Total expenses over the same period advanced from INR10,871m to INR14,060m with power and fuel expenses rising from INR2413m to INR3659m, and transport, clearing and forwarding charges increasing from INR2483m to INR3120m. EBITDA in the three months ended 30 June 2022 came in at INR2243m, ...

UWCL reports on revenue rise

28 July 2022, Published under Cement News

India's Udaipur Cement Works Ltd (UWCL) has reported unaudited revenue from operations of INR2781.1m (US$34.8m) in the quarter ended 30 June 2022, compared to INR2163.3m in the same period a year earlier. Total expenses over the three-month period came in at INR2594.4m, up from the INR1951.9m seen in the same quarter in 2021. Cost of materials consumed had jumped from INR272.7m in the quarter ended 30 June 2021, too INR318.5m in the same period this year. Meanwhile, power and fuel expen...

Yanbu Cement 2Q profits down 25% in 1H22

28 July 2022, Published under Cement News

Saudi Arabian cement producer Yanbu Cement Co reported a 24.5 per cent fall in its net profits after zakat and tax to SAR86.97m (US$23.2m) when compared with the 1H21, when the company achieved profits of SAR115.23m. Revenues were down by 10.3 per cent to SAR479.8m in the 1H22 from SAR353.09m in the 1H21. While second-quarter revenues slipped by 1.9 per cent YoY to SAR238.17m from SAR242.69m in the 2Q21, 2Q22 net profits after zakat and tax advanced 14.9 per cent to SAR48.04m from SAR41....

Holcim reports on record results in 1H22

27 July 2022, Published under Cement News

Holcim has reported record sales on CHF14,681m (US$15,273m) in the first half of 2022, marking a 16.9 per cent increase YoY, driven by sales growth in all segments. Net sales in the second quarter alone were up 13.6 per cent YoY to CHF8240m. Record recurring EBIT was also seen in the 1H22, coming in at CHF2173m, up 9,6 per cent YoY. This was attributed to a robust improvement in profitability in the company's Solutions & Products segment and strong recurring EBIT margin expansion in North ...