Cement News tagged under: business results

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Tangshan Jidong sees cement and clinker sales rise 14%

14 July 2021, Published under Cement News

China’s Tangshan Jidong Cement expects its net profit to rise 20-30 per cent YoY to CNY1.2-1.3bn (US$185-200m) in the first half of 2021, compared to CNY1bn in the year-ago period. The company has attributed the rise in profit to an increase in cement and clinker sales, continued strengthening of cost control and a decline in expenses. Its consolidated sales of cement and clinker advanced 14 per cent to around 48Mt.

Hsing Ta Cement posts 14% increase in revenue

09 July 2021, Published under Cement News

Taiwan’s Hsing Ta Cement has seen its revenue in June 2021 fall 19.5 per cent YoY to TWD492m (US$17.54n) from TWD611.25m.  In the January-June period, revenue improved 13.6 per cent YoY to TWD3.69bn from TWD3.26bn. 

Universal Cement records 12% rise in revenue

09 July 2021, Published under Cement News

Taiwan’s Universal Cement has posted a 10.2 per cent YoY decline in June revenue to TWD407.13bn (US$14.5m) from TWD453.56m in the year-ago period. In the first six months of the year, revenue advanced 12.1 per cent to TWD2.91bn from TWD2.59bn.

Belarusian Cement Plant reports 7% production increase

07 July 2021, Published under Cement News

Belarusian Cement Plant has reported a 7.3 per cent YoY rise in production to 710,000t of cement in the first five months of 2021. The volume of production in actual prices rose 14.2 per cent to BYN115.9m (US$45.39m) during the period. The company reported BYN7m in sales profit in January-May 2021, with half of this amount made in May alone.

JK Cement aims for 10% revenue growth in FY22

05 July 2021, Published under Cement News

India’s JK Cement is targeting up to 10 per cent revenue growth in the FY21-22, due to a push for more infrastructure projects and pent-up demand, according to The Mint. Alongside these growth projections, the company is looking to complete its Panna expansion project in 2022, which was delayed due to the pandemic. The project is expected to take the company to a capacity of 20Mta, with further expansions planned to take it to 25Mta over the next five years.

Gujarat Sidhee Cement posts 28% rise in profit

01 July 2021, Published under Cement News

India’s Gujarat Sidhee Cement Ltd has reported a 27.8 per cent YoY rise in consolidated profit to INR207.9m (US$2.79m) in the 4QFY20-21, up from INR162.7m in the year-ago period. Revenue also increased 17.5 per cent YoY to INR1.94bn from INR1.65bn. In the full-year FY21 period, the company’s profit declined 31.9 per cent to INR305.4m from INR448.3m. Revenue also slipped 3.3 per cent YoY to INR5.66bn from INR5.85bn in the FY19-20.

Financial restructuring positions PCC for long-term recovery

25 June 2021, Published under Cement News

Competent management is transforming PPC's prospects for the better. Under CEO Roland van Wijnen, the company has deconsolidated the company's Democratic Republic of Congo (DRC) operations, significantly de-risking the business, and improved its gearing with the sale of its lime business. Together with the tail wind provided by volume recovery in the core South African market, which has enabled the company to meet its interest payments, the JSE-listed cement producer may now be in a ...

Cimerwa announces 14% rise in revenue

23 June 2021, Published under Cement News

Rwanda’s Cimerwa has announced a 14 per cent YoY increase in revenue to RWF30bn (US$30.07m) for the first half of the financial year, ended 31 March 2021. The company’s profit after tax also reached RWF1bn. "Despite the effects of the lockdown that went into effect during the first quarter of this year, we were able to record strong revenue and profit and maintain a healthy cash balance of RWF8.7bn. This speaks volumes on our resilience in the face of difficulties and challenges," said John...

PPC reports 3% increase in revenue

22 June 2021, Published under Cement News

South Africa’s PPC has reported a three per cent YoY increase in group revenue for the year ended 31 March 2021, rising to ZAR8938m (US$626.07m) from ZAR8671m, due to a recovery in cement sales following the easing of lockdown restrictions. Opportunistic cement sales resulting from its ability to respond to an increase in demand in some markets also contributed to revenue growth. Excluding Zimbabwe, group revenue increased by seven per cent YoY, according to the group. "The group experienc...

Les Ciments de Bizerte reports 7% revenue increase

18 June 2021, Published under Cement News

Tunisia’s Les Ciments de Bizerte has reported a TND421,000 (US$152,235) net loss in the year ended 31 December 2020, against a TND9.4m net loss in the previous year. Revenue also advanced seven per cent YoY to TND111m from TND103.5m in 2019. Cement production saw a marginal increase from 661,829t to 663,491t in 2020, despite the production halt in March and April due to the pandemic lockdown. Sales prices also rose during the year, with a comparable level of sales despite the total closur...