Cement News tagged under: business results

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Cemex Latam Holdings reports consolidated 3Q19 sales of US$245m

25 October 2019, Published under Cement News

Cemex Latam Holdings SA reports that its consolidated net sales reached US$245m during the 3Q19, a fall of 12 per cent in US-dollar terms or four per cent in local currency terms, compared to 3Q18. Operating EBITDA totalled US$46m during the 3Q19, down 26 per cent in US-dollar terms YoY. Consolidated domestic grey cement sales volumes increased by one per cent, while ready-mix and aggregates declined by nine per cent compared to 3Q18. Consolidated prices in local currency for grey cement an...

Maple Leaf Cement incurs losses in 1QFY19

25 October 2019, Published under Cement News

Maple Leaf Cement Factory Ltd (MLCF) of Pakistan has announced its consolidated financial results for the 1QFY19, ended 30 September 2019. It incurred a net loss of PKR982m (US$6.29m) compared to the profit of PKR586m earned in the same quarter last year, despite an increase in sales, which rose to PKR7.14bn from PKR5.65bn during the period. Increased finance costs, which expanded to PKR799m from PK224m over the period, was the main reason cited for the loss in profit. MLCF incurred a lo...

DG Khan Cement sales increased in 1QFY20

25 October 2019, Published under Cement News

DG Khan Cement Co Ltd (DGKC) of Pakistan has announced its consolidated financial results for the 1QFY20, ended September 2019. DGKC incurred a net loss of PKR1.44bn (US$9.2m) as compared to profit of PKR341m earned in the same quarter last year. The losses are attributed to an increase in the cost of sales, which increased to PKR10.25bn from PKR7.70bn during this accounting period. The finance cost also increased from PKR650m to PKR1.37bn during July-September 2019. The company's sales ...

Cementos Pacasmayo sees 20% rise in revenue

24 October 2019, Published under Cement News

Peru’s Cementos Pacasmayo has seen a 20.2 per cent YoY rise in revenue for the third quarter of 2019, on the back of a 17.6 per cent increase in the sales volume of cement, concrete and precast. Consolidated EBITDA was up 9.9 per cent to PEN111.5m (US$33.3m), while the cement EBITDA margin fell 2.8 per cent to 29.1 per cent. Net income advanced 20.4 per cent YoY to PEN40.2m in the 3Q19.  9M19 As a result of an 11.8 per cent rise in sales for cement, concrete and precast, revenues for th...

Dewan Cement posts losses in 1QFY20

24 October 2019, Published under Cement News

Dewan Cement Ltd (DCL) of Pakistan has announced its financial results for the 1QFY20 ended 30 September. It incurred a net loss of PKR62m (US$398,189) as compared to profit of PKR184m earned in the same quarter last year. The fall in profit was attributed to a decline in sales during the reporting period. The company incurred a lesser distribution cost of PKR28m against PKR30m in the same period last year. However, administrative expenses increased to PKR147m from PKR106m. The company’s sa...

Hail Cement records 52% revenue increase in the 3Q19

24 October 2019, Published under Cement News

Saudi Arabia’s Hail Cement has recorded a SAR7.6m (US$1.95m) net profit in the 3Q19, compared with a loss of SAR18.3m in the year-ago period. Revenue also improved 51.7 per cent YoY to SAR62.2m from SAR41m. In the first nine months of 2019, revenue advanced 40.6 per cent to SAR184.2m from SAR130.9m. Net profit finished at SAR28.22m against a loss of SAR32.1m in the 9M18.

GCC sees 8% rise in consolidated net sales

23 October 2019, Published under Cement News

Mexico's Grupo Cementos de Chihuahua (GCC) has recorded an 8.3 per cent YoY rise in consolidated net sales to US$301.7m for the third quarter of 2019, on the back of improved cement volumes and prices in Mexico and the USA. EBITDA advanced 15.2 per cent to US$96.4m from US$83.7m in the 3Q18, while the EBITDA margin remained largely unchanged at 31.9 per cent from 30 per cent. Regionally, net sales rose 5.5 per cent and 9.1 per cent in Mexico and the US, respectively. "GCC delivered stro...

Sagar Cements sees revenue increase 3%

23 October 2019, Published under Cement News

India's Sagar Cements has recorded a consolidated net profit of INR45.2m (US$637,532) in the quarter ended 30 September 2019, compared with a loss of INR80m in the year-ago period. Total revenue increased 2.7 per cent YoY to INR2.65bn from INR2.58bn. "The growth would have been even better, but for the sluggishness in the overall economy and an extended monsoon, which weighed down on demand. Profitability improved on the back of several cost-saving initiatives as well as moderating input c...

Ambuja Cement sees 1% rise in net sales for 3Q19

23 October 2019, Published under Cement News

India’s Ambuja Cement (LafargeHolcim) reported a modest decline in standalone sales volumes to 5.23Mt in the 3Q19, compared with 5.456Mt in the year-ago period. However, net sales climbed 1.3 per cent YoY to INR25.56bn (US$360.48m) and EBITDA advanced 22.9 per cent to INR4.4bn. Profit after tax increased 31.3 per cent to INR2.35bn from INR1.79bn. "In the backdrop of general slowdown in economy and subdued construction activity, Ambuja has delivered yet another quarter of good EBITDA and ...

UltraTech boosts capacity and reports 3Q results

22 October 2019, Published under Cement News

UltraTech completed the acquisition of Century's cement business, with the Scheme of Demerger  effective from 1 October 2019. With this acquisition, UltraTech's cement manufacturing capacity stands augmented to 117.4Mta, including its overseas capacity. This makes UltraTech the third-largest cement company in the world, outside of China. It is also the only company in the world to have a capacity of over 100Mta in a single country, outside of China. The quarter ended 30 September 2019 witn...