Cement News tagged under: business results

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Misr Beni Suef Cement net profit surges to EGP169m in 2021

01 March 2022, Published under Cement News

Egypt-based Misr Beni Suef Cement reported a net profit after tax of EGP169.05m (US$10.8m) for 2021, surging from EGP76.38m in 2020, according to the company’s financial statement filed to the Egyptian stock exchange (EGX). Sales slipped to EGP1.12bn last year from EGP1.19bn in 2020.

Malayan Cement swings into the black in 2QFY21-22

28 February 2022, Published under Cement News

Malaysia-based cement producer Malayan Cement Berhad reported a surge in revenues to MYR821.045m in the 2QFY21-22 (ending 31 December 2021, up from MYR350.47m in the 2QFY20-21. The company also turned a pretax loss of MYR-6.398m in the 2QFY20-21 to a pretax profit of MYR79.344m in the 2QFY21-22. Net profit in the second quarter reached MYR54.918m, a significant improvement when compared with the equivalent period of the previous year, when the company reported a loss of MYR-4.897m. First...

Cementos Molins earns revenues of EUR968m in 2021

25 February 2022, Published under Cement News

Cementos Molins closed 2021 with revenues amounting to EUR968m, up 25 per cent YoY. The gradual economic improvement contributed to spur activity across all countries, with cement and concrete volumes growing by double digits. EBITDA achieved a record EUR242m in 2021, advancing 18 per cent YoY. The strong results improvement is driven by increasing volumes, mix and price management, as well as the positive contribution of operational efficiency plans. Challenges included the huge cos...

HeidelbergCement reports robust 2021 results despite high energy prices

24 February 2022, Published under Cement News

Germany-based HeidelbergCement posted a 6.3 per cent rise YoY and an eight per cent like-for-like (LfL) rise in revenues to EUR18,720m in 2021 (2020: EUR17,606m). The result from current operations before depreciation and amortisation (RCOBD) was up 4.5 per cent (LfL 5.9 per cent) to EUR3875m when compared with EUR3707m in 2020. The result from current operations (RCO) saw a 10.6 per cent YoY hike and a 12 per cent LfL increase to EUR2614m. The additional ordinary result amounted to EUR4...

Taiwan Cement and Asia Cement report fall in January revenues

24 February 2022, Published under Cement News

In January 2022 Taiwan Cement Corp reported revenues of TWD7517.896m (US$269.6m), down by seven per cent from TWD8084.465m in January 2021. Asia Cement Corp ’s revenues slipped 0.2 per cent to TWD7420.726m in January 2022 from TWD7436.331m in the equivalent period of the previous year.

Argos reports consolidated EBITDA of COP2.16bn in 2021

21 February 2022, Published under Cement News

Argos, Grupo Argos' cement company , reported a consolidated EBITDA of COP2.16bn (US$55m) at the end of 2021, representing an increase of 34 per cent compared to 2020 and the highest in the company's history. The annual EBITDA margin stood at 22 per cent, the highest since 2005, when the cement company began its internationalisation process. Accumulated revenues as of 31 December 2021 reached COP9.8bn, a YoY increase of 9.1 per cent. Argos shipped 17.1Mt of cement and 7.8Mm 3 of ready...

Ambuja Cements record 23% net sales YoY growth in full year 2021

18 February 2022, Published under Cement News

Ambuja Cements  (Holcim group) reports net sales for the full 2021year stood at INR 137,940m (US$1.83m) compared to INR 111,750m in the previous year, registering a growth of 23 per cent YoY supported by strong growth in sales volumes and product mix.   However, total operating cost per tonne increased by three per cent during the year. Operating EBIT stood at INR 26,560m compared to INR 21,250m, recording a strong growth of 25 per cent YoY. Net sales during the quarter s...

Vicat reports 29% rise in consolidated net income in 2021

16 February 2022, Published under Cement News

Vicat saw its consolidated sales advance by 11.3 per cent to EUR3123m in 2021 from EUR2805m in 2020. At constant scope and exchange rates the increase was 16.2 per cent. EBITDA was up 11.1 per cent and 14.5 per cent like for like (LfL) to EUR619m in 2021 from EUR557m in the previous year. However, the EBITDA margin slipped from 19.9 per cent in 2020 to 19.8 per cent in 2021. Consolidated net income increased by 29.1 per cent (31.8 per cent LfL) YoY to EUR222m from EUR172m in 2020, with...

Cementos Pacasmayo sees 40% rise in sales volumes in 2021

15 February 2022, Published under Cement News

Sales volumes of cement, concrete and prefabricated products of Peru-based Cementos Pacasmayo fell 6.2 per cent  in the 4Q21 when compared with the 4Q20. Income was up 10.4 per cent as cement and concrete prices increased in line with inflation and by a change in the sales mix, favouring cement and concrete at better prices. Consolidated EBITDA increased 10.5 per cent to PEN141.5m YoY, but the EBITDA margin remained stable at 27 per cent when compared with the 4Q20. Net profit advanced 8.6...

Cemex reports double-digit EBITDA growth in FY21

11 February 2022, Published under Cement News

Cemex announced strong results for the FY21 with double-digit EBITDA growth, the highest in more than a decade, coupled with a similar increase in sales, driven by higher volumes and robust pricing in all core products in all regions. EBITDA margin increased 0.8 percentage points in the year, despite headwinds in energy and import costs. CO 2 emissions declined 4.4 percentage points, the largest annual decline the company has ever achieved.   Net sales increased 14 per cent to US$14...