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Nigerian cement sector expands 16% YoY in 1H23

Nigerian cement sector expands 16% YoY in 1H23

Three of Nigeria’s leading cement producers have reported combined revenue of NGN1.37trn (US$1788m) in the opening six months of 2023, despite the challenging business environm...

India Cements reports loss in June 2023 quarter

India Cements reports loss in June 2023 quarter

The India Cements Ltd has reported revenue from operations of INR13,930.4m (US$168.3m) in the quarter ended 30 June 2023, down from INR14,462.3m in the same quarter a year ea...

Prism Johnson turns a profit in June quarter

Prism Johnson turns a profit in June quarter

India-based Prism Johnson saw its net sales advance seven per cent YoY to INR19.04bn (US$230.4m) in the quarter ended 30 June 2023. Over the same period, consolidated profit ...

Orient Cement reports profit dip in June quarter

Orient Cement reports profit dip in June quarter

Orient Cement Ltd , part of the CK Birla Group , has reported revenue from operations of INR8251.8m (US$99.8m) in the quarter ended 30 June 2023, up from INR7139.3m in the sa...

Ambuja Cements to acquire Sanghi Industries

Ambuja Cements to acquire Sanghi Industries

Ambuja Cements , part of the Adani Group , has agreed to acquire a majority stake in Sanghi Industries , reports Reuters News. According to sources close to the transaction,...

China Shanshui issues profit warning

China Shanshui issues profit warning

China Shanshui Cement Group Ltd has issued a profit warning for the opening six months of 2023. The company has said that it expects to report a YoY fall in profit of 145-150 ...

Steppe Cement reports lower volumes in 1H23

Steppe Cement reports lower volumes in 1H23

Kazakhstan-based Steppe Cement Ltd has reported sales volumes of 749,034t of cement in the first half of 2023, down from 837,063t in the same period a year earlier. Revenue o...