Dangote Cement delivers strong financial performance
Dangote Cement reported a strong financial performance in 1Q17 despite a fall in volumes, with record revenues which were up by 48.1 per cent to NGN208.2bn (US$679.6m) and recor...
Pricing
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Ambuja Cement sees market improvements
Ambuja Cement, part of the LafargeHolcim group, reported that improving sales volumes, combined with favourable pricing contributed to positive 1Q17 results despite rising costs.
Morgan Stanley rates UltraTech Cement rated ‘Overweight’
UltraTech Cement has been rated ‘Overweight’ by Morgan Stanley with the EBITDA beat driven by costs, the research house notes.
Cemex reports jump in net profit
Cemex reported a jump in net profit to US$336m in the 1Q17 from an income of US$35m in the same period of last year, as the Mexican major as the cement maker continued to sell a...
Indian cement prices return to pre-demonetisation levels
Cement prices in India have returned to levels prior to the government’s demonetisation move, analysts at ICRA Ratings have reported.
Holcim Philippines sees 'challenging' 1Q17
Lower public infrastructure spending, tighter industry competition and higher production expenses led to a dip in Holcim Philippines' first-quarter financial performance, the co...
Anhui Conch attributable profit up 86%
Anhui Conch Group’s net profit attributable to equity shareholders increased by 86.41 per cent YoY in the first quarter of this year to CNY2.153bn (US$312m).
Steppe Cement 1Q17 volumes down as Kazakh market contracts
Steppe Cement reported a 35 per cent YoY decline in cement sales volumes to 124,669t in the first quarter of 2017 as cement consumption in Kazakhstan fell five per cent YoY.
Nepal Cement Manufacturers Association to review price hike
The Nepal Cement Manufacturers Association has agreed to review the recent hike in domestic cement prices, The Kathmandu Post reports. Earlier last week Industry Minister Nagend...
Nepal: Hetauda Cement sees improved pricing environment
Nepal-based cement producer Hetauda Cement Factory recorded a profit of NPR40m (US$382,292) in the last fiscal year and is now targeting a profit of NPR200m in the current fisca...