Saudi's subdued second quarter
The Saudi Arabian cement industry is continuing to face headwinds with domestic producers reporting a tough second quarter amid the dual impact of lower cement demand and Ramad...
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FLSmidth reports 11% rise in revenue
FLSmidth reported an 11 per cent rise in revenue and a 25 per cent increase in EBITA in the 2Q17, driven by continued momentum in in orders from service activities. Consolida...
Kuwait Cement sees decline in quarterly profit
Kuwait Cement reported a decline of 37.1 per cent in profits to KWD4.38m (US$14.48m) in the second quarter this year compared to KWD6.96m (US$23.01m) in the same quarter a year...
Arabian Cement Co profit down on lower sales and prices
Saudi-based Arabian Cement Co on Wednesday announced a 74.8 per cent YoY decrease in its profits for the second quarter of 2017, attributing the drop to lower sales volumes and...
Eagle posts flat 2Q earnings
Eagle Cement Corp of the Philippines reported a one per cent rise in earnings for the second quarter of this year as wet weather affected results. Net profit edged ahead to P...
Shanshui Cement expects first-half loss to narrow
China-based Shanshui Cement expects that the group will continue to record a net loss for the six months ended 30 June 2017. However, the loss is expected to narrow compared wi...
Tabuk and Al Jouf net profit dragged down by lower demand
Saudi-based producers Tabuk Cement and Al Jouf Cement have reported a decline in second quarter net profit due in part to lower demand. Tabuk Cement, which operates a 1.2Mta ...
Holcim Indonesia half-year sales decline 10% YoY
Holcim Indonesia reported a 10 per cent decline in sales to IDR4288bn in the first half of 2017 due to “tough market conditions exacerbated by the timing of Ramadan,” the compa...
Siam City sees weaker domestic demand
Siam City Cement Co recorded an 80 per cent decline in second-quarter net profit with the fall being attributed to rising costs and weaker demand in its home market of Thailand...
China Resources Cement sees substantial rise in 1H attributable profit
China Resources Cement said its profit attributable to owners for the six months ended 30 June 2017 surged to HKD1639.8m, translating into an increase of over 500 per cent from...