Cement News tagged under: financial results

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Oman Cement Co sees net profits rise 32% in 1H23

13 July 2023, Published under Cement News

Oman Cement Co , which is listed on the Muscat Stock Exchange, has achieved a 32.02 per cent increase in net profit for the first half of 2023. According Oman Cement’s financial statement, it achieved annual profits of OMR4.19m for the 1H23, surpassing the OMR3.17m achieved in the 1H22. The company saw revenue growth of 5.13 per cent in the 1H23 and revenue totalled IMR36.76m, up from OMR34.96m in the 1H22.

UltraTech Cement to invest INR128,860m for 22.6Mta capacity expansion

07 June 2022, Published under Cement News

The Board of Directors at UltraTech Cement (Aditya Birla group) has approved capex of INR128,860m   (US$1659m) to raise cement capacity by 22.6Mta with a mix of brownfield and greenfield projects. This will be achieved by setting-up integrated and grinding units as well as bulk terminals. The additional capacity will be created across the country.  Kumar Mangalam Birla, chairman, Aditya Birla Group, said, “This ambitious capacity expansion plan is a significant milestone in the ongoing...

Tokyo Cement reports 31% jump in turnover

07 June 2022, Published under Cement News

Tokyo Cement has reported a 31 per cent YoY increase in turnover to LKR16,158m (US$45m) in the fourth quarter of its financial year, ending 31 March 2022. Compared to the same period a year earlier, sales volumes declined by 11 per cent due to a breakdown at one of the company's grinding mills and the lack of availability of raw materials. For the current financial year as a whole, the company’s sales volumes improved by just one per cent, while turnover saw YoY growth of 22 per cent to LK...

Martin Marietta sees record revenue in 1Q22

04 May 2022, Published under Cement News

Martin Marietta’s building materials business has reported record 1Q22 products and services revenues of US$1077m, up 25.7 per cent YoY. According to the company, across all end-use markets, the business saw healthy underlying demand with price increases in all product lines.   Texas cement shipments advanced by 10 per cent YoY during the quarter, supported by robust product demand and tight supply throughout the Texas Triangle. Pricing increased by 11.8 per cent, benefiting from the carr...

Bamburi Cement full-year profit rises

03 May 2022, Published under Cement News

Bamburi Cement Group reported a pre-tax profit of KES2.2bn (US$19m) in 2021, representing a 22.3 per cent YoY increase from KES1.8bn in 2020. The advance comes on the back of improved volumes and prices coupled with cost management, and also reflects continued economic recovery from impact of the COVID-19 pandemic.  Group turnover increased by 19 per cent from KES34.9bn to KES41.4bn, attributed to growth in retail and key account segment in both Kenya and Uganda. Operating Profit rose b...

FLSmidth suspends financial guidance for 2020

25 March 2020, Published under Cement News

FLSmidth has suspended its financial guidance for 2020, following the global uncertainty caused by the global COVID-19 pandemic. "The underlying mining and cement industries remain sound but given the day-to-day development in markets around the world, we are currently unable to assess the extent of the impact," said the company in a statement. The company is reporting increasing disruptions to customers and its own operations, with higher costs related to more complex logistics and a ...

FLSmidth adjusts 2019 EBITDA guidance

14 October 2019, Published under Cement News

FLSmidth revises its financial guidance for the full-year 2019. Revenue is now expected to be in the range of DKK20-21bn (US$2.95-3bn). The EBITA margin is now expected to be around eight per cent down from previous estimates of 9-10 per cent. Return on capital employed is now expected to be 10-12 per cent (previously 12-14 per cent). FLSmidth specified that it expected the full-year EBITA margin to be in the lower end of the range of 9-10 per cent due to 'a different development in busin...

Pioneer Cement reports 1HFY18 profit fall

21 February 2018, Published under Cement News

Pioneer Cement Ltd has announced that its net profit for the period 1HFY18 fell by 51 per cent to PKR737m (US$6.6m). T his was reportedly due to a decrease in sale, increase in cost of sales as well as higher in distribution and administrative expenses. The financing cost has also increased to PKR49m from PKR2.5m. The company's net sales fell from PKR5.19bn to PKR4.89bn, whereas, cost of sale increased to PKR3.4bn from PKR3.07bn during this period. No dividends were announced by the comp...

DG Khan Cement sees net profit fall by 17% in 1HFY18

21 February 2018, Published under Cement News

DG Khan Cement (DGKC) of Pakistan has announced that its net profit for the 1HFY18 fell by 17 per cent YoY to PKR4.50bn (US$40.6m). Despite an increase in total net sales of seven per cent to PKR15.76bn, the company's profit  reportedly declined due to increase in the cost of sales.   According to a company bourse filing on Tuesday, the company incurred a distribution cost of PKR460m and administrative expense of PKR296m compared to PKR505m and PKR261m, respectively in 1H16/17. The fina...

Star Cement records 10% rise in operating revenue

07 February 2018, Published under Cement News

Star Cement Ltd has released its results for the third quarter of FY17-18, showing a growth in operating revenue of 10.1 per cent YoY. Adjusted for excise duty, this translates to INR3.77bn (US$58.8m) against INR3.42bn of the 3QFY16-17, according to IIFL. EBITDA marked a considerable increase of 60.4 per cent to INR1.41bn in comparison with INR0.88bn of the previous fiscal. The EBITDA margin expanded by 1173bps YoY to 37.5 per cent. Elsewhere, Sagar Cements has reported a 47.21 per cent ri...