Cement News tagged under: financial business results
Shree Cement 1QFY23-24 profits jumps INR5723m26 July 2023, Published under Cement NewsShree Cement ’s first quarter profit for the FY23-24 rose to INR5723m (US$69.7m), up 104.8 per cent in comparison to INR2795m during the corresponding quarter of last year. It posted revenue from operations at INR50,648.3m, up 14.7 per cent as against INR4,4148.5m during the 1QFY22-23. The company’s EBITDA stood at INR9326m. The company posted total income for the quarter at INR52,339m, up 19.1 per cent in comparison to INR43,947.5m during the same period last year. However, the total... |
LafargeHolcim Bangladesh posts growth of 66% in 1H2324 July 2023, Published under Cement NewsLafargeHolcim Bangladesh Ltd (LHBL) has reported a 66 per cent growth in profit to BDT3615m (US$33.3m) in 1H2023 (Jan-Jun 2023) compared to BDT2173m in the same period last year, according to the company’s unaudited financial result made public on 19 July. The net sales increased to BDT15,256m from BDT11,272m, translating to a 35 per cent expansion during this period. Iqbal Chowdhury, CEO, said: “We achieved this performance together. My thanks, therefore, go to our employees, bus... |
FLSmidth reports 6% rise in cement revenue in 1Q2312 May 2023, Published under Cement NewsIn the 1Q23 FLSmidth’s cement revenue increased by six per cent excluding currency effects, and by nine per cent excluding Russia, when compared to the 1Q22. Cement EBITA continued the positive trend and increased by 28 per cent compared to the equivalent period in 2022. The corresponding Cement EBITA margin was 4.3 per cent in the 1Q23. Consolidated group revenue increased by 27 per cent excluding currency effects, and by 39 per cent excluding Russia, compared to the 1Q22. When adjusting... |
BUA Cement posts 9.7% rise in net revenue in 1Q2312 May 2023, Published under Cement NewsBUA Cement reports its net revenues rose by 9.7 per cent to NGN106.4bn for the quarter from NGN97bn (US$209.7m) in the same period a year ago. BUA Cement’s 1Q23 revenue per tonne increased by 18.5 per cent to NGN66,250/t from NGN55,904/t in the 1Q22. EBITDA declined by 2.8 per cent to NGN45bn from NGN46.3bn in the 1Q22. Earnings were offset by increases in raw materials, higher energy costs, depreciation charges, distribution costs and debt issue expenses. Costs of sales rose ... |
Cementir posts 1Q23 revenue of EUR414.8m10 May 2023, Published under Cement NewsCementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR63.9m, a rise of 50.7 per cent when compared with the 1Q22. Meanwhile, net debt stood at EUR32.1m at 31 March 2023. Operating costs rose by 2.8 per cent to EUR342.5m when compared to EUR333.1m in the 1Q22. The cost of raw materials rose by 5.5 per cent YoY. Cement volumes (white and grey) totalled 2.34Mt, a f... |
SCG reports domestic cement sales of THB50,800m in 1Q2310 May 2023, Published under Cement NewsSCG reported its operating results for the 1Q23, showing a recovery across all business units, with increased sales and profits boosted by the revival of tourism and China’s border reopening. SCG’s total assets as of 31 March 2023, amounted to THB923,725m (US$27,414m), of which 44 per cent represented assets in ASEAN (excluding Thailand). The Cement-Building Materials segment recorded sales revenue of THB50,800m. The result was “increasing by three per cent QoQ and similar to the sa... |
Lucky Cement sales increased by 19% in 9MFY2303 May 2023, Published under Cement NewsLucky Cement Ltd has announced its financial results for the third quarter ending 31March 2023 and the 9MFY23. It reported a profit after tax of PKR11.13bn (US$39.2m) compared to PKR11.3bn earned in the nine months of the corresponding period last year. This reflects a negative growth of two per cent YoY. According to the company’s notification to the Pakistan Stock Exchange (PSX), its sales increased by 19 per cent to PKR70.34bn from PKR58.89bn during the same period last year. It incurr... |
UltraTech Cement report consolidated net sales of INR184,360m02 May 2023, Published under Cement NewsUltraTech Cement Ltd has announced its financial results for the quarter and year ended 31 March 2023 with consolidated net sales totalling INR184,360m (US$2.26bn), a rise of 19 per cent compared to INR155,570m in the corresponding period of the previous year. Profit before interest, depreciation and tax in the 4QFY22-23 reached INR34,440m, versus INR31,650m in the corresponding period of the previous year. Profit after tax was INR16,660m compared to a normalised profit INR14,780m (before... |
Power Cement and Dewan Cement announce financial results28 April 2023, Published under Cement NewsTwo more cement companies in Pakistan announced their financial results for the third quarter ending 31 March 2023, and 9MFY22-23. Power Cement reported an increase in profit by 18.5 per cent in 9MFY22-23, while Dewan Cement reported a loss after taxation of PKR758m (US$2.67m) against a loss of PKR64m during this period. The financial data indicates higher sales and expensive production costs on inflated financing. Power Cement Ltd has announced profits after tax increased to PKR5... |
BUA Cement revenue rises by 9.7% in 3M2328 April 2023, Published under Cement NewsNigerian-based BUA Cement reported a revenue increase of 9.7 per cent to NGN106.9bn (US$232.2m) for the the three-month period ended March 2023 from NGN97bn in 3M22. Operating profit dropped by 9.4 per cent to NGN38.4bn for the 3M22 from NGN42bn in 3M22. Profit before tax fell by 15.6 per cent to NGN35.5bn from NGN42bn in 3M22. |