Cement News tagged under: business results

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Cemex

28 October 2019, Published under Cement News

Cemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing operations and adjusting for foreign-exchange fluctuations. Higher prices for its products, in local currency terns, in all regions were more than offset by the lower volumes seen in Mexico and the Asia, Middle East and Africa region. Operating EBITDA over the same period fell by nine per cent to US$681m. Consolidated ...

Anhui Conch

28 October 2019, Published under Cement News

Anhui Conch has announced its results for the third quarter of 2019. For the three-month period from 1 July 2019 to 30 September 2019, the company reported revenue of CNY110.7bn (US$15.66bn), which marks a 42.37 per cent uptick YoY compared to CNY77.7bn in the same period last year. Net profit for the 3Q19 came in at CNY28.8bn, up 14.96 per cent, while basic earnings per share improved from CNY3.90 in the 3Q18 to CNY4.49 in the same period this year. Operating costs over the quarter ad...

UltraTech Cement

28 October 2019, Published under Cement News

UltraTech Cement has announced its unaudited financial results for the quarter ended 31 September 2019. Consolidated net sales came in at INR94.91bn (US$1.34bn), compared to INR90.88bn in the same period a year earlier. Profit before interest, depreciation and tax was INR20.72bn, versus INR15.64bn in the year-ago period. Profit after tax over the same period rose from INR3.56bn to INR5.79bn. During the quarter, variable costs increased by three per cent compared to the previous quarter, whil...

Cementos Polpaico sees 23% earnings rise in 9M19

28 October 2019, Published under Cement News

Chile-based Cementos Polpaico, owned by the Hurtado Vicuña Group, reported earnings of CLP3869.19m (US$5.32m) in the 9M19, representing a rise of 22.8 per cent YoY. In the first nine months of 2018, the company’s earnings reached CLP3150.38m. The cement producers recorded income from ordinary activities of CLP132.68bn in the 9M19, a 9.4 per cent advance when compared with CLP121.321bn in the year-ago period. EBITDA increased 46.6 per cent YoY, explained by “a 9.4 per cent increase in reven...

Qassim Cement sees profits surge in 3Q19

28 October 2019, Published under Cement News

Saudi Arabia’s Qassim cement has seen its net profits after zakat and tax advance to SAR90.16m (US$24m) in the third quarter of 2019, from SAR5.68m in the 3Q18. The increase in profits was mainly ddriven by the rise in sales, investment return and an increase in other income. Total revenues jumped by 155.7 per cent to SAR190.17m. In the January-September 2019 period, net profits were up by 166.6 per cent to SAR 216.6m compared to SAR81.23m in the same period in 2018. Revenues advanced by 6...

Higher prices ensure Holcim Philippines receives better 9M19 earnings

28 October 2019, Published under Cement News

In a disclosure to the Philippine Stock Exchange, Holcim Philippines Inc said EBITDA almost doubled in the 9M19 to PHP1.2bn (US$23.4m) on cost improvements across all its operations coupled with better prices of cement and aggregates. Net income for the third quarter surged to PHP457.2m from PHP176.9m in the same period of the previous year. However, sales volumes were still lower than the third quarter of 2018 despite improved pricing resulting in lower net sales of PHP8.3bn from PHP8.5bn ...

Najran Cement posts SAR14.1m 3Q profit

28 October 2019, Published under Cement News

Najran Cement Co saw its profits rise to SAR14.13m (US$3.77m) in the 3Q19, up from losses of SAR23.7m in the 3Q18, according to the company’s statement to the Saudi Stock Exchange. Revenues were up 80.5 per cent YoY to SAR97.23m in the July-September 2019 period when compared with the equivalent period the previous year. In the first nine months of 2019 net profits reached SAR17.6m, when compared with losses of SAR65.63m in the 9M18. Total revenues surged by 35.7 per cent YoY to SAR279.9...

China Resources Cement profit edges up 3% in 3Q

28 October 2019, Published under Cement News

China Resources Cement reported a 3.2 per cent YoY increase in 3Q profit to HKD9.31bn (US$1.19bn) in 2019 when compared with HKD9.02bn in the year-ago period. The company’s profit remained largely stable at HKD2.03bn in the 3Q19 when compared with HKD2.07bn in the 3Q18.

Cemex reports 4% decline in net sales for 3Q19

25 October 2019, Published under Cement News

Cemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing operations and adjusting for foreign-exchange fluctuations. Higher prices for its products, in local currency terms, in all regions were more than offset by the lower volumes seen in Mexico and the Asia, Middle East and Africa region. Operating EBITDA over the same period fell by nine per cent to US$681m. Consolidated ...

LafargeHolcim reports positive 9M19 results

25 October 2019, Published under Cement News

LafargeHolcim has reported net sales of CHF20.2bn (US$20.36bn) in the 9M19, representing a 2.1 per cent fall YoY, or a four per cent increase on a like-for-like (LfL) basis. Recurring EBITDA (pre-IFRS16) rose to CHF4.543bn from CHF4.351bn in the year-ago period. Cement sales reached 156.4Mt in the first nine months of 2019, a modest climb of 0.7 per cent on a LfL basis. Net sales for the segment finished at CHF13.294bn from CHF13.573bn in the 9M18, while recurring EBITDA (pre-IFRS16) advan...