Indonesia: Indocement hopes for strong consumption growth
Indocement Tunggal Prakarsa President Director, Christian Kartawijaya, has predicted that cement consumption in Indonesia could grow by 3-5 per cent in 2016, having grown by 3.4...
Quarterly Results
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Pakistan: Bestway Cement pretax profits up 45%
In an earnings statement released today, Bestway Cement announced that its pretax profits for 9MFY2016 were PKR12.64bn (US$121m), up 45 per cent on the same period last year.
India: Birla sees Q4 profit rise to US$17m
Birla Corporation has released its earnings figures for the three months to 31 March 2016, during which time the firm achieved a profit of INR1.16bn (US$17.4m), up fourfold on a...
Pakistan: Bestway Cement profit up 48% for 9MFY2016
Bestway Cement has announced after tax profits of PKR7.45bn (US$71m) in the nine month period to 31 March 2016, a 34 per cent increase YoY. Total sales rose to PKR24.42bn (US$23...
HeidelbergCement sees losses shrink in 1Q16
HeidelbergCement's cement sales volume rose five per cent YoY for the period from January to March 2016, reaching 17.6Mt for the quarter. According to results released by the co...
India: UltraTech’s profits rise to US$109m for 1Q16
UltraTech Cement’s quarterly earnings statement for 1Q2016 show consolidated net profit growth of 10 per cent reaching INR7.23bn (US$109m) for the year to March, according to a ...
Lafarge Africa posts US$9.5m quarterly loss as price squeeze bites
Nigerian-based Lafarge Africa has seen revenues fall by 29 per cent to NGN52.4bn (US$263m) in the first quarter of 2016, leading the company to record an after-tax loss of NGN1....
Vicat sees 1Q16 revenues reach EUR554m
In their quarterly statement for 1Q16, Vicat announced that turnover improved by 3.3 per cent YoY to EUR554m (US$629m), which represents an underlying advance of 6.5 per cent. C...
CRH 1H16 earnings to reach US$1.1bn driven by US and Asian markets
In its earnings statement for 1Q2016, CRH predicts that EBITDA will rise to EUR1bn (US$1.1bn) driven by growth in the United States and the Philippines. This is around five per ...
Dangote: 1Q2016 profits down 22% as volumes rise 70%
Dangote Cement has released its results for the year to March 31 2016. During this period volume sales grew 69.6 per cent to 6.4Mt, while profits slipped from NGN70bn (US$352m) ...