Cement News tagged under: financial business results

RSS feed

UltraTech Cement report consolidated net sales of INR184,360m

02 May 2023, Published under Cement News

UltraTech 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 results

28 April 2023, Published under Cement News

Two 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 3M23

28 April 2023, Published under Cement News

Nigerian-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.

Mannok Holdings records 18% rise in turnover in 2022

21 April 2023, Published under Cement News

Mannok Holdings   2022 operating performance for the 12 months ended 31 December 2022, saw turnover increased by 17.7 per cent on the prior year period from EUR269.9m to EUR317.7m, largely driven by inflationary induced pricing.   Despite the inflationary environment, EBITDA was unchanged on the prior year period at EUR25.8m, reflecting a gradual pass through of rising input costs, fluctuations in the euro-sterling exchange rate and a softening of demand in response to price pressur...

Buzzi Unicem Group net sales rise 16% in 2022

30 March 2023, Published under Cement News

Buzzi Unicem 's group net sales rose to EUR3996m, up 16 per cent from EUR3446m in 2021. However, cement sales of 28.33Mt in 2022 marked a decline of 9.2 per cent from the 31.2Mt recorded in 2021. Ready-mix sales for the group also slipped to 11.51Mm 3 , down 5.2 per cent from 12.14Mm 3 achieved in 2021.  Group EBITDA totalled EUR892m in 2022, up 11.2 per cent from the EUR795m achieved in 2021. Consolidated net profit fell 15.4 per cent to EUR459m in 2022, down from EUR542m in 2021.  ...

Votorantim records strong Brazilian revenue in 2022 regional results

17 March 2023, Published under Cement News

In Brazil Votorantim Cimentos 2022 net revenue was BRL12.7bn (US$2.4bn), 23 per cent higher than in 2021. Positive price dynamics offset the slight drop in cement sales, mainly in the self-construction segment, which was impacted by the economic situation but also partially offset by the real estate and infrastructure sectors. Adjusted EBITDA was BRL2.4bn, up two per cent when compared with 2021. In addition to price dynamics, the growth of adjacent businesses contributed to this result an...

Votorantim Cimentos posts net revenue of BRL25.8bn in 2022

16 March 2023, Published under Cement News

Votorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favourable price dynamics in all regions where it operates, which mitigated cost pressures and the impact of the exchange rate in the year. Cement sales in the countries where the company has operations totalled to 36.8Mt, one per cent less than the previous year. The company posted BRL1.1bn in net profit in 2022, 30 per cen...

BUA Cement's revenue increased by 40% in 2022

09 March 2023, Published under Cement News

BUA Cement Plc of Nigeria reported that revenue increased by 40.3 per cent or NGN103.7bn (US$22 5.3m) in 2022 to NGN361bn from NGN257.3bn in 2021, given the combination of pricing activities and increased volume dispatched (including added volumes from the new Line 4 in Sokoto).  Cement volumes in 2022 totalled 6.27Mt.   The company's revenue per tonne increased by 21.2 per cent to NGN57,511/t in 2022 from NGN47,448/t, as at 2021. "This was due to pricing activities during the year," s...

Breedon records revenue of GBP1396m in 2022

09 March 2023, Published under Cement News

During 2022, Breedon Group Plc   grew revenue by 13 per cent to GBP1396.3m (EUR1566.7m/US$1658.4m) in 2022 (2021: GBP1232.5m) and the company’s underlying EBIT rose by 16 per cent to GBP155m (2021: GBP133.6m).   The company completed three strategically significant bolt-on acquisitions and increased its net capital expenditure to GBP102m (2021: GBP71m) as bottlenecks in the supply chain relaxed while reducing Breedon’s Covenant Leverage to 0.7x (2021: 0.8x).   Volumes reduced in the...

Dangote Cement’s pan-African operations sales fall 8% in FY22

01 March 2023, Published under Cement News

Dangote Cement ’s pan-African operations sold around 10Mt of cement and clinker in 2022, down 8.1 per cent from the 10.9Mt sold in 2021. “This is due to the continuous global supply chain disruption and increasing commodity prices,” said Dangote Cement. Pan-African revenues of NGN414.8bn (US$900.8m) were 4.4 per cent higher than 2021. The region’s revenue accounted for 25.6 per cent of total group revenue. Pan-Africa EBITDA was NGN64.9bn (before central costs and eliminations), down 26.9 p...