Cement News tagged under: business results
Titan records 8% advance in revenue for 201920 March 2020, Published under Cement NewsGreece-based Titan Cement has seen its group consolidated revenue advance eight per cent to EUR1.609bn in 2019, compared with EUR1.49bn in the previous year. EBITDA also increased 2.8 per cent YoY to EUR267.1m from EUR259.7m. "We are well placed to simultaneously navigate the market cycles of our business and participate in the major transformational changes that will affect our sector and beyond, focusing on operational excellence and profitability, as well as on adaptability, agility and... |
Eastern Province sees profit surge in 201920 March 2020, Published under Cement NewsSaudi cement producer Eastern Province Cement Co (EPCC) has posted a 158.7 per cent jump in profits to SAR181m (US$48.3m) in 2019, up from SAR70m in 2018. Revenues increased 28.8 per cent to SAR729m last year. The increase in net profits after zakat and tax has been attributed to higher sales volumes and prices, investment income and a lower zakat provision and a refund on a provision for credit losses. There was also a reduction in losses on disposal of property, plant and equipment, repo... |
City Cement reports 61% rise in profit16 March 2020, Published under Cement NewsSaudi Arabia’s City Cement has reported a 61 per cent YoY increase in net profit to SAR180.9m (US$48.2m) in 2019, rising from SAR112.3m in the previous year. The company’s total sales also advanced 54.1 per cent to SAR531.4m from SAR344.9m. |
Bim Son Cement announces sales targets for 202016 March 2020, Published under Cement NewsVietnam’s Bim Son Cement JSC has announced a sales target of 5.6Mt of cement and clinker in 2020, up 30.2 per cent compared to 4.3Mt in 2019. The company is also aiming to reach a pretax profit of VND265bn (US$11.42m) for the year, a rise of 35.6 per cent on VND195.5bn last year. |
Cementarnica Usje sees profit up 22%16 March 2020, Published under Cement NewsNorth Macedonia’s Cementarnica Usje (Titan Cement) has reported a 21.5 per cent YoY rise in profit to MKD1.27bn (US$23.15m) in 2019. Domestic sales advanced 8.2 per cent to MKD3.15bn, while international sales climbed 8.7 per cent to MKD1.64bn. Operating revenue increased by 9.5 per cent to MKD5.03bn. |
PIBTL likely to become hub of cement/coal handling12 March 2020, Published under Cement NewsThe Directors of Pakistan International Bulk Terminal Ltd (PIBT) has released the detailed financial statements for the period ended 31 December 2019. During the period, Pakistan's only coal and clinker/cement terminal at Port Muhammad Bin Qasim has handled 44.07Mt cargo against 39.66Mt in the same period last year. It depicts a modest growth of 11.1 per cent, with consistent performance. The management of the company is focussing on strategies to increase the efficiency in cargo handling... |
Loma Negra sees net profit advance 35% in 201911 March 2020, Published under Cement NewsArgentina’s Loma Negra has reported a 5.5 per cent YoY decline in revenue to ARS38.95bn (US$660m) for the full-year 2019 period, compared with ARS41.24bn in the previous year. However, net profit surged 34.8 per cent YoY to ARS4.04bn from ARS3bn. Adjusted EBITDA also climbed 2.3 per cent YoY to reach ARS11.21bn. The company’s sales volumes of cement, masonry and lime fell 9.7 per cent overall to 6.04Mt in 2019. Argentina contributed 5.47Mt (-10.6 per cent YoY), while Paraguay saw sales of ... |
Breedon records revenues of GBP929.6m in 201911 March 2020, Published under Cement NewsBreedon Group Plc has released its 2019 results that saw revenues reach GBP929.6m, up eight per cent on GBP862.7m in 2018. EBITDA totalled GBP116.6m, up 13 per cent on EBITDA of GBP103.5m in 2018. Net debt came in at GBP290.3m, down from GBP310.7m in 2018. Cement sales remained stable at 2Mt sold in 2019 when compared with the previous year, but 20.2Mt of aggregates were sold, up from 19.4Mt YoY. Asphalt sales also claimed from 2.8Mt in 2018 to 3Mt last year, while ready-mix concrete sales ... |
TCK posts 15% decline in net profit for 201911 March 2020, Published under Cement NewsBosnia’s Tvornica Cementa Kakanj (TCK) has posted a 14.9 per cent YoY decline in net profit to BAM14.3m (US$8.4m) in 2019, compared with BAM16.8m in the previous year. The company’s operating revenue increased 1.8 per cent to BAM73.4m, while operating costs advanced 3.8 per cent to BAM57.3m. |
Southern Province Cement Co sees net profit surge 137%11 March 2020, Published under Cement NewsSaudi Arabia’s Southern Province Cement Co has seen its net profit for 2019 surge 137.4 per cent YoY to SAR463m (US$123.47m) from SAR195m. The considerable advance has been attributed to a 46.4 per cent increase in sales, amongst other factors. Company revenue also climbed 46.4 per cent to SAR1.3bn from SAR888m in 2018. |