Dangote Cameroon sees 7% sales drop in 2019
Sales volumes of Dangote Cameroon fell 6.5 per cent YoY to 1.1Mt in 2019. Cement prices averaged at US$108/t in the financial year. "We had to deal with a drop in volumes due...
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Ciments du Maroc turnover falls in 2019
The unaudited consolidated turnover of Ciments du Maroc slipped by 0.8 per cent YoY to MAD3.89bn (US$405.8m) in 2019 despite an improvement in the cement market. The fall was...
Tabuk Cement posts SAR24.2m profit in 2019
Saudi-based Tabuk Cement Co has posted a net profit after zakat and tax of SAR24.2m (US$6.45m) in 2019, versus a loss of SAR98.9m in 2018. Sales in 2019 surged 59.8 per cent t...
Flying Cement and Dandot Cement post losses during 1HY19
Pakistani cement companies have been declaring losses or fall in profit during the last six months of ongoing fiscal year of 2019-20 on account of falling revenue, high cost of...
Misr Cement-Qena reports 84% profit drop in 2019
Egypt-based Misr Cement (Qena) an 84 per cent YoY decline in consolidated net profits to EGP16.45m (US$1.05m) in 2019, compared with EGP104.39m in 2018, according to a statemen...
Fecto Cement posts loss in 1HY19
Fecto Cement Ltd has informed Pakistan Stock Exchange that it has posted a loss of PKR299m (US$1.48m) for the half year ended 31 December 2019 as compared to profit PKR105m, ea...
US cement market boosted FY19 financial results
This week, several leading cement producers reported on their FY19 business results. ICR has taken a look at the results of HeidelbergCement, LafargeHolcim, Dangote Cement, Vic...
Cementos Molins reports 5% rise in net profit for 2019
Cementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argenti...
Cahya Mata Sarawak 4Q net profit down 90%
Malaysia’s Cahya Mata Sarawak Bhd’s (CMS) net profit declined 90 per cent to MYR5.4m (US$1.28m) in the fourth quarter ended 31 December 2019, compared to MYR53.5m in the 4Q18. ...
Belarusian Cement Co plans to increase exports to Poland
Belarusian Cement Co (BCC) opened a representative office in Poland earlier this year in anticipation of higher exports to central Europe. "Our company opened a representati...
Power Cement reports loss due to revenue fall in 1HY19
Power Cement Ltd has announced its financial results for the half year ended 31 December 2019. It reported a loss after taxation of PKR365m (US$2.366m) compared to a profit of ...
Arabian Cement sees 88% profit fall in 2019
Arabian Cement Co posted a 87.5 per cent drop in net profit to EGP28.93m (US$1.85m) in 2019 when compared with the previous year, according to the company’s consolidated financ...
Dry bulk shipping sees falling freight rates
The first two months of 2020 have seen freight rates for dry bulk shipping fall due to seasonality, higher fuel costs and disruption caused by the coronavirus outbreak. Panam...
LafargeHolcim's FY19 net sales total CHF26.7bn
LafargeHolcim's reported that its FY19 net sales reached CHF26.72bn (US$27.49bn), up 3.1 per cent on a like-for-like basis compared to the prior year, driven by good growth i...
Dangote Cement sees modest revenue decline in 2019
Nigeria’s Dangote Cement has seen a modest 1.1 per cent YoY decrease in revenue to NGN891.67bn (US$2.45bn) for 2019, compared to NGN901.21bn in the previous year. EBITDA also f...
Adelaide Brighton sees revenue down 8% in 2019
Australia’s Adelaide Brighton Ltd has reported a 74.5 per cent YoY fall in net profit to AUD47.2m (US$31.1m) for 2019, decreasing from AUD185.2m in the previous year. Revenue a...
Peruvian cement consumption increases 2% in January 2020
Peru’s cement market expanded 2.1 per cent YoY to 946,000t in January 2020 from 927,000 in the year-ago period, according to the country’s cement association, Asocem. In the pr...
East African Portland Cement announces 8% revenue increase
Kenya’s East African Portland Cement has reported a KES1.63bn (US$16.1m) net loss in the first half of the financial year, ending 31 December 2019. This is largely consistent w...
Lesser sales hit profit of Kohat Cement in 1HFY19-20
Kohat Cement Co Ltd (KOHC) has reported a YoY drop of 93.6 per cent in profit for the half year ended 31 December 2019. It reported a profit after tax of PKR97m (US$0.62m) comp...
Chile's cement dispatches edge up 2% in 2019
Chilean cement dispatches fell by 8.3 per cent YoY to 338,720t in December 2019 from 369,291t in December 2018, according to the Chilean cement and construction chamber, ChCC. ...
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