Cement News tagged under: financial business results
Maple Leaf Cement Factory saw a fall in profit in 1HFY23-2423 February 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) reported its 2QFY23-24 (October-December 2023) and 1HFY2023-24 results to the Pakistan Stock Exchange (PSX), posting net earnings of PKR2.24bn (US$) in 2QFY23-24, down 23 per cent YoY and up 38 per cent QoQ. This takes 1HFY23-24 (July-December 2023) earnings to PKR3.86bn compared to PKR4.30bn, down 10 per cent YoY due to a decline in sales volumes. According to Topline Pakistan Research, the 2QFY23-24 result exceeded industry expectations due to high... |
City Cement Co reports a fall in sales quantity during 202323 February 2024, Published under Cement NewsCity Cement Co of Saudi Arabia has recently uploaded its annual financial results for the period ending on 31 December 2023 at the Saudi Exchange. During this period, the company’s net profit fell by 28.70 per cent to SAR82m (US$21.86m) from SAR115m earned in the same 12-months last year. A cursory look at the financial results tells that company sales shrunk by 17.36 per cent, which has caused the decline in profit YoY. The sales revenue was SAR356m against SAR431m of the previous financi... |
Argos' adjusted EBITDA totals COP672bn in 4Q2322 February 2024, Published under Cement NewsFor the fourth quarter of 2023, Argos ' adjusted EBITDA stood at COP676bn (US$172.2m), increasing 12 per cent compared to 4Q22. The results were driven by strong pricing dynamics, especially in the US, combined with cost efficiencies in both Colombia and the US. Adjusted EBITDA margin stood at 23.2 per cent for the quarter, increasing 393 basis points versus 2022 on a comparable basis. In terms of volumes, total cement dispatches reached 3.8Mt, with a contraction of 2.3 per cent, caus... |
Cherat Cement saw 12 per cent profit growth in 1HFY23-2420 February 2024, Published under Cement NewsCherat Cement (CHCC) has recently uploaded its financial results to the Pakistan Stock Exchange (PSX) website. The company reported a 2QFY23-24 net profit after tax (NPAT) of PKR1.9bn (US$m12.2m), up 20 per cent YoY and 22 per cent QoQ. This result takes 1HFY23-24 NPAT to PKR3.4bn, up 12 per cent YoY. The positive result was possible due to increased gross margin and other income as well as a cut in financial costs during the three and six months. The company posted net sales of PKR20.... |
Vicat posts better than expected results in 202319 February 2024, Published under Cement NewsVicat posted 2023 EBITDA of EUR740m, a rise of 30 per cent compared to 2022, an improvement on analysts CIC Market Solutions’ expectations of EUR709-716m. Several factors account for Vicat's strong financial results, claims CIC Market Solutions. Despite a sharp downturn in the new housing segment in Europe (41 per cent of revenues, and 31 per cent in France), consolidated volumes were up 6.3 per cent, thanks in particular to the ramp-up of the Ragland kiln in Alabama. In the Americas, w... |
Crown Cement's net profits rise 649% in 1HFY23-2416 February 2024, Published under Cement NewsCrown Cement PLC , one of Bangladesh’s leading cement manufacturers, recently uploaded its financial results on the Dhaka Stock Exchange (DSX). The company witnessed a hefty surge in profit between July and December 2023 due to higher sales and other income from the shipping business. It earned a profit of BDT706.18m (US$6.436m) compared to BDT94.28m in July-December 2022, a YoY increase of 649 per cent. The company also attributed the expansion in profit to the rise in prices of cement bag... |
Kohat Cement Co profits grow by 24% in 1HFY23-2415 February 2024, Published under Cement NewsKohat Cement Co Ltd announced its financial result for 1HFY23-24 on the Pakistan Stock Exchange website on 14 February, posting a profit after tax (PAT) of PKR4.453bn (US$15.9m) compared to a PAT of PKR3.578bn in the same period last year (SPLY). This translates into a growth of 24 per cent YoY. On the other hand, the profitability in 2QFY23-24 advanced by 14 per cent YoY to PKR2.224bn compared to SPLY. According to AHL Research, the topline during 1HFY23-24 clocked in at PKR21.462bn, s... |
Kohat Cement Co to post strong results12 February 2024, Published under Cement NewsKohat Cement Co Ltd is scheduled to announce its financial result for 1HFY23-24 (July-December 2023) on 14 February whereby AHL Research anticipate the company will post a profit after tax of PKR4.313bn (US$15.57m) as compared PKR3.578bn, up by 21 per cent YoY. Likewise, in 2QFY23-24 (October-December 2023) earnings are expected to climb by seven per cent YoY, arriving at PKR2.084bn. The top line in 2QFY23-24 is expected to decline by nine per cent YoY to settle at PKR10.017bn... |
Cementir posts 2023 preliminary unaudited EBITDA of EUR421.9m09 February 2024, Published under Cement NewsCementir Holding Group reports preliminary unaudited results for 2023. EBITDA reached the historic record of EUR421.9m, up 25.4 per cent compared to the EUR336.3m of 2022, following the improved results achieved in all geographical areas with the exception of the United States. The EBITDA margin was 24.5 per cent compared to 19.5 per cent in 2022. Net financial income totalled EUR15.8m (income of EUR11m in 2022). Revenue in 2023 reached EUR1694.2m, down 1.7 per cent compared to 2022. Prof... |
CEMEX reports 8% sales growth in 4Q2309 February 2024, Published under Cement NewsCEMEX has reported an eight per cent growth in sales in the 4Q23, plus a 20 per cent increase in EBITDA and a more than doubling of free cash flow (FCF) after maintenance capex to US$1.2bn. CEMEX reported an EBITDA margin of 19.2 per cent, an expansion of two percentage points, achieving its stated goal of recovering 2021 margin. Record EBITDA of approximately US$3.35bn and a turnaround in working capital investment significantly contributed to a six-year high in FCF after maintenance c... |