Cement News tagged under: financial business results
FLSmidth preliminary and unaudited 2Q24 and 1H24 results12 August 2024, Published under Cement NewsFLSmidth has announced preliminary and unaudited financial results for the 2Q24 and 1H24. Consolidated group revenue totalled DKK5bn (US$729.9m) in the 2Q24 and DKK9.8bn in the 1H24. Cement revenue reached DKK1.1bn in the 2Q24 and DKK2.3bn in the 1H24. Adjusted EBITDA margin for cement equalled 9.6 per cent in the 2Q24 and 8.6 per cent in the 1H24. The updated Adjusted EBITA margin guidance for cement reflects a better-than-expected impact from the implementation of the service-oriented bu... |
"Norm" OJSC increases sales by 11% in 202307 August 2024, Published under Cement News"Norm" OJSC ’s audited financial results of 2023 saw sales income increased by 11 per cent YoY to AZN226m (US$132.9m), while total profit increased by 21.1 per cent to AZN109m. Operating profit increased by 14.6 per cent YoY to AZN63.5m and pre-tax profit increased by 31 per cent YoY to AZN66.8m in 2023. Elvin Mirzayev, CFO of "Norm" OJSC, said that the company successfully continued its activities in 2023 and managed to increase both its income and net profit. He also noted that the com... |
Buzzi sees weak regional volume performance in 1H2407 August 2024, Published under Cement NewsBuzzi Spa signalled that unfavourable weather conditions and falling sales contributed to regional performances being slightly down in the 2Q24, leading to lower cement volumes in the 1H24. Cement and ready-mix concrete sales in Italy declined in the first six months of 2024 by 5.9 per cent and 6.4 per cent, respectively, due to the abundant rainfall across the country during the spring months. Net sales in Italy came in at EUR414.4m, down 2.3 per cent from EUR424.1m in the 1H23. EBITD... |
Titan Group reports 1H net profit up 34%01 August 2024, Published under Cement NewsIn the 1H24 Titan Group achieved consolidated sales growth of 7.6 per cent, reaching EUR1323m, with all regions supporting top-line growth and overall volumes increasing, leading to the delivery of another strong performance. Cement pricing was firmly upheld, exhibiting low regional variances, while selective price increases were performed in aggregates and ready-mix concrete. EBITDA for the period reached EUR281.4m, increased by 16.7 per cent YoY, despite unabated cost pressures in factors... |
Molins records revenues of EUR692m in the 1H2401 August 2024, Published under Cement NewsMolins 1H24 results saw revenues of EUR692m, slightly lower than the 1H23, with positive impact of selling prices and negative impact of lower volume and currency fluctuations, especially in Argentina due to the decline in activity linked to the country's economic situation. In the 1H24 EBITDA achieved EUR189m, a five per cent increase compared to the same period of previous year, highlighting the contribution of the businesses in Europe, Mexico and north Africa. This improvement of the... |
Afrimat boosts revenue by 24% in FY23-24 as Lafarge integration continues17 May 2024, Published under Cement NewsAndries Van Heerden, Afrimat's Group CEO, stated that he was exceptionally pleased with the group’s performance for the year ended 29 February 2024, which was supported by a revenue increase of 23.9 per cent from ZAR4.9bn (US$268.9m) to ZAR6.1bn (US$334.8m). Operating profit increased by 19.8 per cent to total ZAR12bn (2023: ZAR961.6m), delivering an operating profit margin for the group of 18.9 per cent. “The diversified position Afrimat has adopted, together with the efficiency proje... |
LafargeHolcim Bangladesh net profit stands BDT1.627bn in 1Q2416 May 2024, Published under Cement NewsAccording to the latest quarterly report of LafargeHolcim Bangladesh Ltd ( LHBL), a frontline cement producer in Bangladesh, revenue and net profit shrank by three and 15 per cent, respectively, in the 1Q24. The prime reasons could be the increase in the cost of raw materials and the prevailing inflation in the country. In a statement, Iqbal Chowdhury, CEO, said: “The construction Industry is going through a challenging time, with a consistently high inflationary environment impacting co... |
Cementir posts higher sales in 1Q2410 May 2024, Published under Cement NewsCementir cement and clinker sales volumes equal to 2.4Mt increased by 2.3 per cent in the 1Q24 compared to the same period of 2023 thanks to the increase recorded in Turkey, which offset the decline in volumes in other geographical areas. Francesco Caltagirone Jr, Cementir chairman and CEO, commented: “Results for the first quarter of 2024 were in line with our expectations, with sales volumes up but revenues and EBITDA down, compared to the first quarter of 2023. The excellent performa... |
Kohat Cement Co posted a profit of PKR6.512bn in 9MFY23-2429 April 2024, Published under Cement NewsKohat Cement Co Ltd (KOHC) announced its financial results for the 9MFY23-24 on 25 April. It posted a profit after tax (PAT) of PKR6.512bn (US$23.3m) compared to PKR5.363bn in the same period in the previous year, up by 21 per cent YoY. Result highlights from AHL Research report that the topline in the 9MFY23-24 remained stable at PKR29.972bn. Earnings per share (EPS) increased to PKR33.25 in the 9MFY23-24 from PKR26.91 in the 9MFY22-23. Selling and distribution expenses in 9MFY23... |
Maple Leaf Cement Factory's profit falls 13% in 9MFY23-2429 April 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) announced its financial result for the 9MFY23-24 on the Pakistan Stock Exchange website on 25 April, posting a profit after tax (PAT) of PKR5.374bn (US$19.26m) compared to a PAT of PKR6.185bn in the same period of the previous year, down by 13 per cent YoY. Earnings per share (EPS) declined to PKR5.01 in the 9MFY23-24 from PKR5.76 in the year-ago period. The result highlights from AHL Research said that the topline in the 9MFY23-24 arrived at PKR50.... |