South Valley Cement sees net loss narrow in 2020
Egypt’s South Valley Cement Co has recorded a net loss of EGP250.59m (US$15.97m) in 2020, narrowing from an EGP316.34m loss seen in the previous year. The company’s sales declin...
Business Results
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Kolos sees 17% profit drop in 2020
Mauritius-based Kolos saw its profits fall by 17.4 per cent to MUR145m (US$3.57) from MUR175.6m in 2019. The company’s income declined from MUR1.4bn to MUR1.3bn. The drop in pro...
BUA Cement sees 19% rise in profit
Nigeria’s BUA Cement has reported a 19.4 per cent rise in profit after tax to NGN72.3bn (US$189.5m) for 2020, compared to NGN60.6bn in the previous year. Revenue also advanced 1...
Lafarge Africa reports 99% growth in FY20
Lafarge Africa Plc has declared a 98.8 per cent YoY growth in profit to NGN30.8bn (US$788.7m) for the FY20, compared to NGN15.5bn reported in FY19. The growth is linked to the c...
Sephaku Cement sees 10% revenue increase in 2020
South Africa's Sephaku Cement (Dangote Group) has reported a nine per cent YoY increase in sales volumes for 2020, despite 1H20 volumes being down 8.5 per cent YoY. In the 3Q20 ...
West China Cement sees sales volumes rise 3%
West China Cement has seen its attributable profit decrease 13.4 per cent YoY to CNY1560m (US$237.48m) in 2020, compared with CNY1801.3m in the previous year. Revenue was down 1...
Buzzi Unicem's Board of Directors assesses 2020 Consolidated Financial Statement
The Board of Directors of Buzzi Unicem SpA have examined the statutory and consolidated financial statements for the year ended 31 December 2020. In the year under review, the g...
Dangote Cement records strong pan-African cement volumes in FY20
Dangote Cement's regional performance in FY20 saw its domestic market of Nigeria return volumes of 15.73Mt, a rise of 11.5 per cent on the 14.11Mt recorded in FY19. Cement and c...
Kuwait Portland Cement records 7% fall in profit
Kuwait Portland Cement has seen a 7.1 per cent YoY decline in attributable net profit to KWD1.3m (US$4.3m) in the 4Q20, compared with KWD1.4m in the year-ago period. Total opera...
Dangote Cement Group reports FY20 revenues of NGN1034.2bn
Dangote Cement Plc has released its FY20 results, reporting group revenue up 16 per cent to NGN1034.2bn (US$2718.1bn) when compared with FY19. Group EBITDA totalled NGN71.3bn, u...