Cement News tagged under: business results

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RHI Magnesita reports resilient 1Q cement business

05 May 2020, Published under Cement News

RHI Magnesita NV reports that the Industrial division continued to perform well in 1Q20, particularly in cement. Trading activity in the steel division remained weak in Europe and South America, largely offset by a robust performance in North America. Overall, demand levels were similar to the 1Q19 with EBITA slightly ahead, in line with management expectations. Raw material prices fell further in 2020, given the reduction in overall demand and uninterrupted supply from China, which has h...

Cement Hranice records 5% sales increase

04 May 2020, Published under Cement News

Czech Republic-based Cement Hranice saw a 4.7 per cent YoY increase in sales to CZK1.78bn (US$71.45m) in 2019. However, the company’s net profit fell 2.3 per cent YoY to CZK501m. Domestic sales reached CZK1.347bn during the year. "Sale of cement and other products was 1.5 per cent lower in annual terms mainly due to a drop in supplies to the sister company, ZAPA Beton, in Slovakia," said Roman Michalcik, board member. The decline in net profit has been attributed to the growing cost...

Arkan sees 14% decrease in net profit for 1Q20

04 May 2020, Published under Cement News

UAE-based Arkan Building Materials has seen a 13.8 per cent fall in net profit to AED10.53m (US$2.87m) during the first quarter of 2020, compared to AED12.21m in the year-ago period. Total revenues decreased 11.4 per cent YoY to AED208.17m from AED234.99m. "The challenging construction market has not been helped by the emergence of COVID-19, towards the end of the first quarter," said the chairman of Arkan, Jamal Salem Al Dhaheri. "The increase in operating profit is due to a better pe...

Pakistan’s Dadabhoy Cement Industries Ltd narrows 9M loss

04 May 2020, Published under Cement News

Pakistan-based Dadabhoy Cement Industries Ltd reported an operating loss of PKR1.73m (US$10,796m) in the nine-month period ended 31 March 2020, compared to an operating loss of PKR8.748m in the 9MFY18-19. Loss before taxation was down to PKR2.104m in the 9MFY19-20 from PKR10.303m the previous year’s nine-month result. Loss after taxation fell to PKR2.104m in the 9MFY19-20, down from PKR11.228m in the year-ago equivalent period.

Holcim Philippines sees 29% fall in net profit

04 May 2020, Published under Cement News

Holcim Philippines has reported a 28.7 per cent fall in its net profit to PHP501.54m (US$9.93m) for the first quarter of 2020, compared to PHP703.86m in the year-ago period. Net sales also declined 10 per cent to PHP7.27bn due to lower prices and volumes, especially in March. "Like the rest of the country, our company was significantly affected by the COVID-19 pandemic and the government's efforts to address it," said John Stull, Holcim Philippines President and CEO. The company had ...

Cemex's regional cement sales partially offset domestic market slump in 2019

01 May 2020, Published under Cement News

Cemex released its 2019 20F annual report this week, which highlights a significant fall in cement volumes in the company's domestic market of Mexico before the impact of COVID-19. While the US markets held up well in 2019 and Europe saw strong infractructure investment, it is not known how quickly the recovery will occur after the pandemic and Cemex expects all markets to be affected to varying degrees. Mexico Cemex's domestic cement sales volumes in Mexico fell by 15 per cent in 2019 co...

LafargeHolcim's net sales fall to CHF5.293bn in 1Q20

01 May 2020, Published under Cement News

LafargeHolcim announced its 1Q20 results with net sales reaching CHF5.293bn (US$5.4bn), down 11.2 per cent from CHF5959m in the 1Q19. Recurring EBIT totalled CHF262m in the 1Q20, represening a decline of 14.1 per cent from CHF305m in the 1Q19. Jan Jenisch, LafargeHolcim CEO, said: "The company had a strong start to the year as 1Q20 performance remained well ahead of last year’s results until Mid-March, when the impact of COVID-19 spread beyond China into all business regions. Nevertheless ...

Cemex sees consolidated net sales rise by 2% in 1Q20

01 May 2020, Published under Cement News

Cemex announced a like-for-like consolidated net sales increase of two per cent during the 1Q20 to US$3.1bn compared to the 1Q19. Operating EBITDA rose by one per cent to US$534m in the 1Q20. The company reported higher prices for products in local currency terms in most regions, as well as higher volumes for three core products in the USA and Asia, Middle East and Africa regions, and higher volumes in Mexico. This was partially offset by lower volumes in Europe and South, Central America ...

Anhui Conch Cement sees net profit decrease 19%

01 May 2020, Published under Cement News

China-based Anhui Conch Cement has seen its net profit fall 19.2 per cent YoY to CNY4.91bn (US$693.3m) in the first quarter of 2020, compared to CNY6.08bn in the 1Q19. Revenue also declined to CNY23.21bn from CNY30.5bn last year. The company has not disclosed its guidance for future earnings.

Cemex Latam Holdings sees an 11% decline in 1Q20 net sales

01 May 2020, Published under Cement News

Cemex Latam Holdings (CLH) announced consolidated net sales of US$214m in 1Q20, a decline of 11 per cent compared to 1Q19. Operating EBITDA reached US$46m in the period, down 12 per cent YoY. Consolidated prices of grey cement and aggregates rose by three per cent and 11 per cent, respectively in 1Q20. Consolidated volumes of grey cement, ready-mix and aggregates declined by 11, 25 and 33 per cent, respectively in 1Q20 compared to 1Q19. Total debt declined by eight per cent YoY, reaching US...