Cement News tagged under: business results

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Buzzi Unicem cement sales reach 29.1Mt in 2019

10 February 2020, Published under Cement News

Buzzi Unicem's sales volumes during 2019 exceeded the level reached in the previous year in all the areas where it operates, thanks to the robust growth recorded in the USA. Group cement sales stood at 29.1Mt, up 4.3 per cent compared to 2018. Ready-mix concrete output, amounting to 12.1Mm 3 , was in line with the volumes of the previous year (+0.2 per cent). Consolidated net sales increased by 12.1 per cent, from EUR2873m to EUR3221m. Variances in the exchange rates, mainly consisting of ...

Taiwanese cement producers see revenue decline in January

10 February 2020, Published under Cement News

Taiwan’s cement manufacturers have recorded a challenging start to the year, with Taiwan Cement Corp noting a 20.1 per cent decline in January revenue to TWD7.50bn (US$249.3m) from TWD9.39bn in the year-ago period. Elsewhere, Asia Cement Corp recorded a 34.1 per cent YoY decrease in revenue to TWD5.21bn for the first month of 2020. Lucky Cement saw a 16.1 per cent YoY fall in revenue to TWD296.4m from TWD353.19m in January 2019.

India Cements reports net loss in 3QFY19-20

10 February 2020, Published under Cement News

India Cements has reported an INR53.7m (US$751,232) standalone net loss in the quarter ending 31 December 2019, compared with an INR31.3m profit in the year-ago period. Total income also declined 4.3 per cent YoY to INR11.94bn from INR12.48bn. EBITDA was down by five per cent YoY to INR1.32bn from INR1.39bn in the 3QFY18-19. Despite this, the drop in EBITDA was reportedly mitigated by a reduction in the variable cost of production. "The overall demand in south is picking up with AP and T...

Sumitomo Osaka Cement sees 55% increase in net profit

07 February 2020, Published under Cement News

Japan’s Sumitomo Osaka Cement has seen a 54.5 per cent YoY increase in net profit to JPY7.7bn (US$70.05m) for the nine-month period ended December 2019. Total sales saw a 3.3 per cent decline to JPY181.9bn, while operating profit rose 6.6 per cent to JPY10.7bn. For the full year ending March 2020, net profit is expected to advance 37.2 per cent YoY to JPY10.7bn and sales to decrease 2.4 per cent to JPY245bn.

Taiheiyo Cement records 10.4% decline in net profit

07 February 2020, Published under Cement News

Japan’s Taiheiyo Cement has seen a 10.4 per cent YoY decline in net profit to JPY30.5bn (US$277.5m) for the nine-month period ending 31 December 2019. Sales were also down 4.3 per cent YoY to JPY662.9bn in the 9MFY19-20, while its operating profit decreased 15.2 per cent to JPY42.1bn. Demand relating to the Tokyo Olympics and Paralympics and the reconstruction demand of the Great East Japan earthquake has peaked, therefore the company’s aggregate business saw sales volume decrease in the ...

Star Cement reports 18% decline in net profit

07 February 2020, Published under Cement News

India’s Star Cement has reported an 18.2 per cent decline in net profit to INR459.2m (US$6.4m) in the quarter ending 31 December 2019, compared with INR561.4m in the year-ago period. However, net revenue increased 6.9 per cent YoY to INR4.29bn from INR4.01bn. Operating expenses rose 15.6 per cent in the 3QFY19-20, reaching INR3.71bn from INR3.21bn.

Sagar Cements reports 2% increase in production for January

06 February 2020, Published under Cement News

India’s Sagar Cements has reported a 1.7 per cent YoY increase in standalone cement production for January 2020, rising to 228,455Mt from 224,607Mt in the year-ago period. Consolidated cement production improved 4.7 per cent to 316,657Mt from 302,558Mt. However, the company’s standalone cement sales were down three per cent to 224,271Mt from 231,208Mt in January 2019. Consolidated cement sales also fell 1.6 per cent YoY to 315,309Mt from 320,410Mt.

Eagle Materials reports a 5% revenue increase

05 February 2020, Published under Cement News

US-based Eagle Materials has reported a five per cent YoY increase in revenue to US$350.2m for the quarter ending 31 December 2019. However, the company posted a net loss of US$114.6m, compared to a profit of US$57.7m in the year-ago period. Adjusted EBITDA advanced six per cent to US$118.7m in the 3QFY19-20. "We are pleased that during the third quarter of fiscal 2020 we capitalised on robust underlying demand across our geographic footprint to achieve a five per cent revenue improvement....

SCG sees 14% revenue increase from Cambodian operations

04 February 2020, Published under Cement News

Thailand's Siam Cement Group has reported a 13.9 per cent YoY increase in sales revenue from its Cambodian operations in 2019, rising to US$451m from US$396m in the previous year. In the final quarter of 2019, sales advanced 17 per cent YoY to US$114m, driven by its cement and construction materials business, according to a press release. "Cambodia's economy continued to achieve robust growth during the fourth quarter of last year. The construction sector remained healthy thanks to publi...

Qassim Cement sees net profit treble in 2019

03 February 2020, Published under Cement News

Saudi Arabia-based Qassim Cement Co reported a 83.7 per cent increase in revenue to SAR781.9m (US$208.5m) in 2019 from SAR425.7m in 2018. The company net profit after zakat and tax nearly trebled to SAR360.7m in 2019. In 2018 it was SAR120.8m. The company attributes the improvements to a rise in sales and an increase in average selling price.