Weekly Newsletter

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Lucky Cement FY17 profit rises 5.78%

Lucky Cement FY17 profit rises 5.78%

Lucky Cement has reported a 5.78 per cent YoY increase in full-year profit of PKR13.69bn (US$129.8m) versus PKR12.94bn in FY16, the company informed the Pakistan Stock Exchange.

Dangote Cement's 1H17 revenues rise by 41%

Dangote Cement's 1H17 revenues rise by 41%

Dangote Cement has released its 1H17 results, announcing group revenues of NGN412.7bn (US$1.31bn), up 41.2 per cent, and an EBITDA of NGN203.7bn, up 53.7 per cent.

Cemex Philippines reports drop in net income

Cemex Philippines reports drop in net income

Cemex Philippines saw its net income fall by 69 per cent in the 2Q17 to PHP136.5m (US$270m) from PHP436.1 in the same period of 2016 as demand softened and cement prices eased.

Colombia sees grey cement sales slip

Colombia sees grey cement sales slip

Colombia’s cement sales slipped 1.3 per cent YoY to 0.984Mt in June 2017 when compared with the previous year, according to the country’s statistics office, DANE.

Cemex improves net profit strongly

Cemex improves net profit strongly

Cemex reported a strong improvement in net profit for the six months to the end of June 2017, but cement volumes eased over the period.

Peru's cement demand edges up in June

Peru's cement demand edges up in June

Peru’s cement producers dispatched 777,000t of cement in June 2017, representing a 2.2 per cent increase YoY, according to the latest data from Asocem, the country’s cement asso...

GCC achieves 23% YoY rise in 2Q sales

GCC achieves 23% YoY rise in 2Q sales

Mexican cement producer Grupo Cementos Chihuahua (GCC) announced a 22.6 per cent YoY rise in consolidated net sales to MXN4497m in 2Q17 from MXN3669m (US$242.4m).

New grinding line for Nepal

New grinding line for Nepal

FLSmidth has signed a contract with Nepal Shalimar Pvt Ltd for engineering, procurement and supply of equipment for a new cement grinding unit for its existing cement production...

Pacasmayo profit decreases 34% YoY in 2Q17

Pacasmayo profit decreases 34% YoY in 2Q17

Cementos Pacasmayo, Peru’s third-largest cement producer, posted a 34 per cent YoY drop in profits in 2Q17 as sales fell and El Niño damage increased costs. Cementos Pacasmayo r...