Cement News tagged under: business results

RSS feed

GCC reports record 4Q19 US net sales

21 February 2020, Published under Cement News

Grupo de Cemento de Chihuahua (GCC), the Mexican cement producer that serves cement and concrete markets in USA, Mexico and Canada had 4Q19 consolidated net sales increased 11 per cent to US$228.6m, while EBITDA increased by 49.6 per cent to US$86.4m in 4Q19. GCC's consolidated net sales in 2019 increased by 5.8 per cent to US$934.1m. EBITDA increased 13.9 per cent to US$ 292m. During 2019 GCC opened a new cement terminal opened in Fort Stockton, Texas, USA. Two long-term agreements were ...

Ambuja Cement sees revenue up 6% in the 4Q19

21 February 2020, Published under Cement News

India’s Ambuja Cement (LafargeHolcim) has reported a 47.6 per cent YoY decline in consolidated net profit to INR7.22bn (US$100.4m) for the December 2019 quarter, against INR13.78bn in the year-ago period. Revenue from operations was up six per cent YoY to INR71.26bn from INR67.29bn. The company also saw stand-alone sales volumes advance 6.7 per cent YoY to 6.54Mt in the 4Q19. "Ambuja continued its growth momentum and delivered yet another strong quarter, driven by a robust topline perf...

Fauji Cement reports shrinkage in profit for 1HY19

21 February 2020, Published under Cement News

Cement players in Pakistan continue to report losses due to increase in cost of sales and finance charges during first half of the current financial year 2019-20. Fauji Cement continued this trend reporting financial losses today. Fauji Cement Co Ltd (FCCL) announced its financial results for the half year ended 31 December 2019 with a net profit of PKR482.18m (US$3.13m), which decreased by 73.6 per cent YoY, as compared to PKR1.82bn in the same period last year. The fall in profit was attr...

Malayan Cement announces 4Q19 net loss of US$9.1m

21 February 2020, Published under Cement News

Malayan Cement Bhd remained in the red in 4Q19, making a net loss of MYR38.55m (US$9.1m). The group has changed its financial year end to 30 June 2020 from 31 December 2019 after the emergence of YTL Cement Bhd as its largest shareholder. The better performance came despite revenue declining to CMY446.87m from CNY548.16m previously, no thanks to lower domestic sales that were partially offset by higher export sales. For the 12-month period ended 31 December 2019, Malayan Cement's net loss ...

SungShin Cement posts 11% net profit rise

21 February 2020, Published under Cement News

South Korea’s SungShin Cement has reported a full-year revenue of KRW714.64bn (US$590.2m) in 2019, 3.9 per cent up when compared with KRW688.07bn reported in 2018. However, operating profit fell 30.2 per cent YoY from KRW29.27bn  to KRW20.43bn in 2019. Net profit rose 11.4 per cent from KRW16.61bn to KRW18.5bn in 2019.

Profit of Bestway Cement falls in 1HY19

20 February 2020, Published under Cement News

Bestway Cement Ltd (BWCL) announced its financial results for the half year ended 31 December 2019. According to financial results sent to Pakistan Stock Exchange (PSX), today, the company declared earning of net profit of PKR421m (US$2.73m), which was decreased by 94 per cent YoY, as compared to PKR6.88bn in the same period last year. The major reasons can be attributed were the high cost of financing and fall in gross turnover during this period.   BWCL's net sales decreased by 17.7 per ce...

HeidelbergCement reports good 2019 results growth

18 February 2020, Published under Cement News

HeidelbergCement reports good 2019 results growth in addition to the preliminary unaudited figures already published on 12 February 2020, HeidelbergCement has today presented – as scheduled – preliminary unaudited figures for the group areas and the fourth quarter 2019. "We have concluded the 2019 business year successfully," said Dr Dominik von Achten, chairman of the Managing Board of HeidelbergCement. “All group areas contributed to the good results – however with varied development in t...

Vicat reports 6% increase in consolidated sales for 2019

14 February 2020, Published under Cement News

Vicat has reported a 6.1 per cent increase in consolidated sales to EUR2.74bn for 2019, rising from EUR2.58bn in the previous year. EBITDA showed a similar 6.9 per cent YoY growth to EUR526m from EUR492m, while the EBITDA margin edged up to 19.2 per cent from 19.1 per cent in 2018. "The Vicat Group’s solid performance in 2019 reflects the relevance and robustness of its business model. Strong growth in France, India, the USA, Africa and Kazakhstan helped offset difficult market conditions i...

DG Khan Cement profit falls 51% in the 1HFY19-20

14 February 2020, Published under Cement News

DG Khan Cement Co (DGKC) has announced its financial results for the half-year period ended 31 December 2019, reporting a 43 per cent fall in profit to PKR946m (US$6.1m). The major factor responsible for the decline was the increased cost of sales and taxation, despite little improvement in sales.   The company's financial charges surged by 83 per cent YoY amid high interest rates. Net sales during the reporting year slightly increased by 5.7 per cent to PKR20.88bn from PKR19.76bn during the...

AbaCore Capital signs joint venture agreement for cement project

14 February 2020, Published under Cement News

Philippines-based AbaCore Capital Holdings Inc has received approval for a joint venture agreement with Honghui Pioneer S-Cement International Inc, which will facilitate the development and operation of a new cement plant. Omnilines Energy International Network, a subsidiary of AbaCore Capital, is therefore set to invest PHP1bn (US$19.8m) to establish a cement plant and silo project with Honghui. At the same time, AbaCore has acquired up to 10 per cent of Honghui’s authorised capital stock.