Cement News tagged under: business results
Najran Cement reports SAR53.5m profit in 201926 February 2020, Published under Cement NewsSaudi Arabia’s Najran Cement Co has reported a net profit of SAR53.5m (US$14.27m) in 2019, a significant improvement upon the SAR83.5m net loss in the previous year. Sales also advanced 49.6 per cent YoY to SAR416.4m from SAR278.4m in 2018, on the back of an increase in sales volumes and prices. |
Maple Leaf Cement posts loss despite increasing sales during 6MFY19-2026 February 2020, Published under Cement NewsPakistan-based Maple Leaf Cement Factory Ltd (MLCF) has announced its consolidated financial results for the half year ended 31 December 2019. It incurred a net loss of PKR1.76bn (US$11.41m) as compared to profit of PKR1.33bn earned in the same period last year. This shows YoY losses at 32.5 per cent. The major factors responsible for this fall were the increase in cost of sales and the huge finance cost. A local brokerage house while reviewing Maple Leaf financial results has pointed out ... |
Cementos Argos sees 11% rise in revenue for 201925 February 2020, Published under Cement NewsColombia’s Cementos Argos saw a 11.4 per cent YoY rise in consolidated revenue to COP9.3trn (US$2.71bn) in 2019. EBITDA increased 14.3 per cent YoY to COP1.75trn, while its operating income advanced 1.7 per cent to over COP838bn. However, the company's net profit declined 31.7 per cent to COP122bn from COP179bn in 2018. The fall was attributed to a US$9m US tax provision relating to its successful asset divestment plan, according to a press release. Cementos Argos dispatched 16Mt of cemen... |
Thatta Cement's profits slip in 1HY19-2025 February 2020, Published under Cement NewsPakistan's Thatta Cement Company Ltd (THCCL) has announced its consolidated financial results for the half year ended 31 December 2019. It posted a profit of PKR116m (US$0.75m), representing a 61.4 per cent fall YoY, as compared to PKR300m earned in the same period last year. The major factor responsible for this drop were lower sales and increased finance costs. THCCL's net sales during the reporting year decreased by 35.5 per cent to PKR1.50bn from PKR2.33bn during the same period last ... |
Gharibwal Cement posts loss in 1HY1925 February 2020, Published under Cement NewsGharibwal Cement Ltd (GWLC) of Pakistan has announced its financial results for the half year ended 31 December 2019. GWLC incurred a net loss of PKR245m (US$1.58m) as compared to a profit of PKR593m earned in the same period last year. The drop was attributed to the increase in cost of sales, selling and distribution expenses as well as a higher finance cost in the July-December 2019 period. The company sales also decreased by 6.2 per cent to PKR5.16bn from PKR5.51bn in the same period l... |
Dewan Cement profit succumbs to fall in sales in 1HY19-2025 February 2020, Published under Cement NewsDewan Cement Ltd (DCL) of Pakistan has announced its financial results for the half year ended 31 December 2019. It incurred a net loss of PKR172m (US$1.15m) as compared to profit of PKR328m earned in the same period last year. The losses can be attributed to a drastic fall in net sales and a modest increase in distribution cost and administrative expenses. The company's sales also decreased by 37.1 per cent to PKR4.04bn from PKR6.42bn in the same period last year. DCL incurred a higher dis... |
Kuwait Portland Cement records 26% decline in profit24 February 2020, Published under Cement NewsKuwait Portland Cement has announced a 26.4 per cent YoY decrease in 2019 profit to KWD7.59m (US$24.88m), compared with KWD10.32m a year earlier. Operating revenue also declined 19.5 per cent to KWD85.23m from KWD105.94m in 2018. In the 4Q19, the company saw net profit dip 43.6 per cent YoY to KWD1.41m from KWD2.5m in the year-ago period. |
GCC reports record 4Q19 US net sales21 February 2020, Published under Cement NewsGrupo de Cemento de Chihuahua (GCC), the Mexican cement producer that serves cement and concrete markets in USA, Mexico and Canada had 4Q19 consolidated net sales increased 11 per cent to US$228.6m, while EBITDA increased by 49.6 per cent to US$86.4m in 4Q19. GCC's consolidated net sales in 2019 increased by 5.8 per cent to US$934.1m. EBITDA increased 13.9 per cent to US$ 292m. During 2019 GCC opened a new cement terminal opened in Fort Stockton, Texas, USA. Two long-term agreements were ... |
Ambuja Cement sees revenue up 6% in the 4Q1921 February 2020, Published under Cement NewsIndia’s Ambuja Cement (LafargeHolcim) has reported a 47.6 per cent YoY decline in consolidated net profit to INR7.22bn (US$100.4m) for the December 2019 quarter, against INR13.78bn in the year-ago period. Revenue from operations was up six per cent YoY to INR71.26bn from INR67.29bn. The company also saw stand-alone sales volumes advance 6.7 per cent YoY to 6.54Mt in the 4Q19. "Ambuja continued its growth momentum and delivered yet another strong quarter, driven by a robust topline perf... |
Fauji Cement reports shrinkage in profit for 1HY1921 February 2020, Published under Cement NewsCement players in Pakistan continue to report losses due to increase in cost of sales and finance charges during first half of the current financial year 2019-20. Fauji Cement continued this trend reporting financial losses today. Fauji Cement Co Ltd (FCCL) announced its financial results for the half year ended 31 December 2019 with a net profit of PKR482.18m (US$3.13m), which decreased by 73.6 per cent YoY, as compared to PKR1.82bn in the same period last year. The fall in profit was attr... |