Cement News tagged under: business results

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PIBTL earns profit in 1HFY19-20

14 February 2020, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBTL) has announced its financial results for the half-year period ended 31 December 2019, declaring earning of net profit of PKR864m (US$5.6m) against a net loss of PKR 1.46bn in the same period last year.    Its net sales during the reporting period increased by 42 per cent to PKR4.84bn from PKR3.142bn during the same period last year. The administrative and general expenses slightly increased from PKR203m to PKR217m during this accounting period...

HeidelbergCement sees revenue rise 4% in 2019 preliminary results

13 February 2020, Published under Cement News

HeidelbergCement has announced a 4.3 per cent YoY increase in group revenue to EUR18.851bn in its preliminary results for 2019. On a like-for-like (LfL) basis, the rise moderated to 2.1 per cent YoY. The result from current operations advanced 8.8 per cent YoY to EUR2.186bn, or 4.5 per cent growth LfL. However, the company’s cement and clinker sales volumes fell 3.1 per cent in 2019 to 125.9Mt. Excluding consolidation effects, sales volumes were 1.6 per cent below the previous year. Aggre...

Cemex records flat net sales of US$3.3bn in 4Q19

13 February 2020, Published under Cement News

Cemex announced that its 4Q19 net sales remained flat at US$3.3bn and fell for the full year by one per cent to US$13.1bn. Operating EBITDA, on a like-for-like basis, fell by 15 per cent in 4Q19 to US$554m and fell by 10 per cent for the full year to US$2.4bn. Cemex attributed the fall in net sales lower volumes in all regions, which higher prices in local currency were unable to offset. Net operating earnings before other expenses in 4Q19 decreased by 31 per cent to US$282m and were down b...

Cementos Pacasmayo sees 8% uptick in 4Q sales

13 February 2020, Published under Cement News

Peru-based Cementos Pacasmayo reported a 7.7 per cent rise in sales volumes of cement, concrete and precast in the 4Q19 due to higher sales to the public sector, El Niño reconstruction, some medium-size private projects as well as self-construction. The higher sales volumes resulted in a 9.8 per cent increase in revenues. Revenues increased 9.8 per cent mainly due to the increase in sales volumes.  The company also posted a net income of PEN29.5m. The 52.1 per cent advance in net income i...

Gulf Cement narrows loss

13 February 2020, Published under Cement News

UAE-based Gulf Cement reported a fall in revenues to AED443.6m (US$120.8m) in 2019, down from AED475.7m in 2018. This represents a YoY drop of 6.7 per cent. The company’s loss narrowed from AED33m in 2018 to AED26.8m. Gulf Cement operates a 2.7Mta integrated cement plant in Khor Khuir, Ras Al Khaimah. It has a clinker capacity of 3.8Mta.

India’s Saurashtra Cement posts Oct-Dec 19 net profit

13 February 2020, Published under Cement News

Saurashtra Cement has reported a net revenue from operations of INR1.52bn (US$21.3m) in October-December 2019 from INR1.58bn in the year-ago period. The company achieved a net profit of INR189.5m in the October-December 2019 quarter, a considerable improvement when compared with the INR6.7m loss reported in October-December 2018.

Yamama Cement reports full-year profit

13 February 2020, Published under Cement News

Saudi Arabia-based Yamama Cement Co has posted full-year 2019 sales of SAR801.9m, representing a 53.9 per cent increase when compared with SAR521.2m in 2018. The company’s net profit after zakat and tax was SAR256.3m in 2019, when compared with a loss of SAR58.1m in the previous year.

FLSmidth sees order intake decline 10%

12 February 2020, Published under Cement News

FLSmidth’s order intake declined 10 per cent YoY to DKK19.554bn (US$2.86bn) in 2019, on the back of a decrease in large capital orders due to market uncertainty and a delay in customer decisions, according to a press release. "2019 has been a year of challenges but also successes. We maintained a stable growth in revenue and the service business gained momentum over the year. We see rising demand for our solutions to help customers obtain a more sustainable production, and good progress wa...

Cherat Cement profits hit by high cost of sales in 1HFY20

12 February 2020, Published under Cement News

Cherat Cement Co Ltd (CHCC) of Pakistan has announced its financial result for 1HFY20 through Pakistan Stock Exchange (PSX) on 12 February 2020. It posted a loss after tax (LAT) of PKR560.1m (US$3.63m) during the first six months of FY20, against a profit after tax of PKR1.02bn earned during the same period last year. The high cost of sales and financing component impacted the company's bottom line. Although the net sales of company increased to PKR9.5bn from PKR 7.03bn, cost of sales rose ...

Anjani Portland Cement sees profit rise 165%

11 February 2020, Published under Cement News

India’s Anjani Portland Cement has seen a 165 per cent increase in net profit to INR62.8m (US$881,229) for the quarter ending 31 December 2019, rising from INR23.7m in the year-ago period. However, net income declined 15 per cent YoY to INR938.1m from INR1.1bn. In the first nine months of the FY19-20, net sales fell 2.5 per cent YoY to INR3.1bn from INR3.18bn. Despite this, profit advanced 177.6 per cent to INR323.1m from INR116.4m.