Cement News tagged under: profitability

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Pakistan cement sector subdued in FY18

27 September 2018, Published under Cement News

The Pakistan cement sector collectively recorded a one per cent YoY decline in profit-after-tax during the FY18 period ended 30 June, according to a report by Spectrum Securities Ltd. Profit-before-tax registered a decline of 24 per cent. Furthermore, the gross margin fell nine per cent in the FY18 on account of higher coal prices (37 per cent rise to US$105/t) and PKR depreciation (16 per cent on-year). To review sector performance, the report considered the financial results of eight majo...

Bangladesh cement profitability falls in 1Q18

08 May 2018, Published under Cement News

The Bangladeshi cement industry reports a fall in profit due to the increase in raw material cost despite an increase in sales volumes of 12 per cent in 1Q18. The earnings of listed cement companies at the Dhaka Stock Exchange declined moderately for January-March quarter of 2018 as compared to the same period of the previous year as profit margins were squeezed. Cement companies saw tighter margins due several factors, including higher raw material prices, while cement prices have not incre...

Industry sales in Pakistan grow by 4% in 1HFY18

05 March 2018, Published under Cement News

The profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase in the international coal prices and a lower cement retention cost. In the 1HFY18, industry sales grew by four per cent YoY to PKR134.03bn, while cement dispatches recorded a growth of 12 per cent to 19.6Mt. However, this did not result in the topline growth of the sector due to a lower retention price in the north...

Optimising a dynamic process

04 January 2017, Published under Cement News

The cement production process is dynamic, with substantial opportunities for optimisation, improving plant productivity as well as profitability. Cemtech Technical Workshops are an important way of disseminating this information among plant staff and have proven highly successful. We take a look at what lies ahead in the 2017 programme of Cemtech Workshops. By Dr Michael Clark, UK. Participants can nominate their own priorities during some aspects of the Cemtech Technical Workshops ...

China Shanshui Cement loses almost US$1bn in 2015

31 March 2016, Published under Cement News

China Shanshui Cement Group has declared a full-year net loss of US$988m for 2015 following a troubled year for the company that included the replacement of its entire board in December. The losses stem in part from a US$360m write-down of goodwill assets due to "forecasted less satisfactory results of operations of group companies in the foreseeable future and over-payment in the acquisitions of certain cement plants in the past", Dow Jones reports. Administrative expenses during the ...

Africa's grey gold

24 November 2014, Published under Cement News

As investors’ appetite for sub-Saharan Africa (SSA) is whetted and confidence grows, the region offers a positive scenario in terms of future cement demand. While some international majors appear on the back foot, new entrants are keen to gain a foothold in the market and expand their operations in this increasingly-competitive market. By T Hadley, Baobab Advisory sarl, France. Figure 1: per capita cement consumption vs per capita GDP, 1995-2014 Africa’s cement consumption has d...

Pakistan: FY12 to be a fortunate year for the entire cement industry

04 May 2012, Published under Cement News

Pakistan cement sector profitability is on the recovery path due to higher local dispatches and rising prices. Low-tier companies are also on the way of recovery. Researching domestic sector profitability for 9MFY12 by reviewing the accounts of the 17 companies representing 98% of the listed sector market capital, leading brokerage house InvestCap Research has suggested that FY12 to date could be considerate particularly good year for Pakistani cement producers. The top line of the sector...