Cement News tagged under: financial business results
Al Jouf Cement Co's profit balloons 836.43% YoY in 9M2313 November 2023, Published under Cement NewsAl Jouf Cement Co announced the initial consolidated financial results for the period ending 30 September 2023 on the Saudi Stock Exchange. The company saw its net income surge to SAR72.6m (US$19.36m) for the first nine months of 2023 (January-September), compared to SAR7.8m for the same period in 2022. This interprets into the expansion of profit 836.43 per cent YoY. The sales/revenue jumped to SAR217m from SAR172m during this period and grew 26.3 per cent over the past period. The incr... |
FLSmidth's group revenue rises 2% in 3Q2313 November 2023, Published under Cement NewsFLSmidth's consolidated group revenue increased by two per cent in the 3Q23 compared to the 3Q22. Adjusted for integration costs of DKK119m (US$17m), the EBITA margin was 10.1 per cent in the 3Q23. Including integration costs, the EBITA margin was eight per cent in the 3Q23 compared to 5.9 per cent in the 3Q22. Excluding the AFT divestment gain, the underlying EBITA margin was 6.3 per cent. The Non-Core Activities (NCA) divestment to KOCH Solutions had no material impact on EBITA for the qua... |
Argos records EBITDA of COP742bn in the 3Q2310 November 2023, Published under Cement NewsArgos reported that for the 3Q23 adjusted EBITDA stood at COP742bn (US$180.35m), increasing 25.4 per cent on a comparable basis versus 3Q22. The company's revenue in the 3Q23 slipped one per cent YoY to COP3087bn from COP3118bn in the year-ago period. The results were driven by strong pricing dynamics across all regions, combined with cost efficiencies. The adjusted EBITDA margin stood at 24 per cent for the quarter up from 19 per cent YoY. Cement dispatches reached 3.98Mt, with a contrac... |
Titan announces 14% sales rise in 9M2310 November 2023, Published under Cement NewsTitan 's group sales in the 9M23 increased by 14 per cent to EUR1892m YtD driven by increased volumes in all its regions and by solid pricing levels. Group EBITDA reached EUR397m YtD, up by 72 per cent as the group’s margins restored. Net profit more than doubled in the YtD to EUR198m. The group’s nine-month 2023 net profit after taxes and minority interests (NPAT) more than doubled, reaching EUR197.6m, compared to the EUR89.1m recorded in the same period in 2022. Growth-oriented capital... |
Buzzi SpA announces consolidated 9M23 net sales of EUR3303m09 November 2023, Published under Cement NewsBuzzi SpA announced that consolidated net sales in the 9M23 were equal to EUR3303m, up 9.9 per cent compared to EUR3004m in 9M22. Cement and concrete volumes fell -8.1 and -12 per cent YoY, respectively, due to a significant contraction of demand in central and eastern Europe, and to a less marked weakness in Italy and the United States. Cement and clinker sales of the group, in the first nine months of 2023, stood at 20.1Mt (21.9Mt in 9M22). Ready-mix concrete output reached 7.7Mm ... |
Cementir posts group revenue of EUR1288.9m in 9M2307 November 2023, Published under Cement NewsDuring the first nine months of 2023, Cementir Holding Group reports group revenue from sales and services reached EUR1288.9m, up 0.8 per cent compared to EUR1278.6m in the 9M22. The substantial stability in revenues derives from the combined effect of the increase in average sales prices, against the reduction in volumes sold, and the weakening of local currencies, with different dynamics in the individual geographic areas. EBITDA amounted to EUR321.1m, an increase of 32.6 per cent c... |
Premier Cement Mills continues to report losses in FY22-2307 November 2023, Published under Cement NewsBangladesh cement producer Premier Cement Mills (PCM) announced its financial results for the Fy22-23, which ended 30 June 2023, a week before. It reported a loss after taxation of BDT842m (US$7.65m) against a deeper loss of BDT1.32bn incurred during the same period last year. The loss can be attributed to the high cost of raw materials during this period despite increased revenue. PCM’s net sales increased to BDT21.83bn from BDT14.23bn. Similarly, the cost of sales rose to BDT19.81bn fro... |
Pioneer Cement’s profits expand 60% in 1QFY23-2402 November 2023, Published under Cement NewsPioneer Cement Ltd (PIOC) announced its 1QFY23-24 result on the Pakistan Stock Exchange website, where the company posted a profit after tax (PAT) of PKR933m (US$3.32m) compared to PAT of PKR585m in the same quarter last year. This translates into a growth of 59.5 per cent YoY, due to expansion in revenue during the period. PIOC’s sales (gross revenue) increased by 4.7 per cent to PKR8.71bn from PKR8.32bn in the accounting comparative period. It incurred a higher distribution cost of... |
Kohat Cement Co's profit rises by 25% YoY01 November 2023, Published under Cement NewsKohat Cement Co Ltd (KOHC) has announced its financial result for 1QFY23-24 at the Pakistan Stock Exchange (PSX) posting a profit after tax (PAT) of PKR2.230bn (US$7.92m) compared to a PAT of PKR1.785bn in a year ago period up by 25 per cent YoY. The result, highlights by AHL Research, says that the topline during 1QFY23-24 clocked in at PKR11.064bn, displaying a jump of 25 per cent YoY compared to PKR8.853bn in the year-ago period. This growth in 1QFY23-24 is attributable to an increas... |
Cementos Molins posts revenues of EUR1079m in 9M2331 October 2023, Published under Cement NewsCementos Molins has announced its financial results for the first three quarters of 2023, achieving revenues of EUR1079m, up 13 per cent compared to same period in 2022. The company reached sales growth across all business segments and most regions. On a LfL basis, revenues rose by 34 per cent. EBITDA reached EUR278m, representing a 33 per cent increase compared to the same period last year. This improvement is driven mainly due to the positive impact of higher volumes, the company’s... |