Dangote Cement sees volumes rise, revenues down in 1Q19
Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and ...
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Dewan Cement reports 60% fall in net profit
Pakistan’s Dewan Cement Ltd (DCL) has announced its financial results for the third quarter ended 31 March, reporting a 59.6 per cent YoY decline in net profit to PKR394m (US$2...
Chile’s CBB lays out investment plan
In its AGM Chilean cement producer CBB has highlighted the recent inauguration of its Arica cement plant in northern Chile and presented the company’s further investment projec...
Lucky Cement reports strong export sales in 9MFY18-19
Pakistan’s Lucky Cement Ltd has reported a PAT of PKR8.29bn (US$58.53m) during the nine-month period ended 31 March, a 15.4 per cent fall compared to PKR9.80bn of last year. Th...
China's cement production level to hold steady through to 2020
China's cement output has fallen from a peak in 2014 but will hold steady through 2020, according to a report from global ratings agency Moody’s. The lower production volume re...
Anhui Conch 1Q net profit sees 27% hike
Chinese cement major Anhui Conch Cement Co posted a 27.3 per cent YoY increase in net profits in the first quarter of 2019 following strong growth last year. Conch Cement sai...
CRH continues share buy-back
CRH plans to repurchase EUR350m (US$390.6m) of ordinary shares between 29 April and 16 August 2019, according to a company statement. Under the terms of the buyback, ordinary...
QNCC looks to export 3Mta of clinker to Africa, Asia and Kuwait
Qatar National Cement Co (QNCC) is now looking to export as much as 3Mta of clinker, particularly focussing on markets in Africa, Asia (including India) and Kuwait. "We are l...
Are lower coal prices what the cement industry needs?
This week ICR takes a look at the downward trend in coal prices and discusses whether cement producers will benefit from the drop in prices or whether the cement sector should ...
Cemex results supported by Europe in the 1Q19
Cemex has announced that its consolidated net sales increased by one per cent on a like-for-like basis to US$3.2bn during the first quarter of 2019, after adjusting for foreign...
Cement prices in Pakistan's northern region to advance
According to BMA Capital Management Ltd, cement prices in northern Pakistan are expected to increase by PKR15‐20/bag (US$0.10-US$0.14/bag), effective from 1 May 2019, supported...
ACC shows 38% growth in profit for the 1Q19
India's ACC (LafargeHolcim group) has reported a 38 per cent YoY increase in profit after tax to INR3.46bn (US$49.51m) in the 1Q19, compared with INR2.5bn of the year-ago perio...
Ukraine cement output up 77% in March
Ukraine’s cement producers increased output of cement by 77.3 per cent YoY to 0.717Mt, according to data from the Ukrainian State Statistics Service. Compared with production i...
Tabuk Cement posts 3M profit
Saudi cement producer Tabuk Cement Co has returned to profit in the first quarter of 2019, posting a SAR3.63m (US$968,000) net profit. The rise has been attributed to increas...
Ciments de Bizerte reports 7% rise in 1Q total revenues
Tunisia-based Les Ciments de Bizerte has reported a 6.9 per cent rise in total revenues to TND19.416m (US$6.4m) in the 1Q19 thanks to its resumption of exports, according to l’...
Arabian Cement returns to profit in 1Q19
Arabian Cement net profits reached SAR37.1m in the first quarter of 2019, compared to net losses of SAR6.1m in the year-ago period, according to a statement to the Saudi Stock ...
GICA exports 15,000t of clinker to Côte d’Ivoire
GICA has carried out a further shipment of clinker to Côte d’Ivoire, according to Samir Setiti, president and CEO of GICA subsidiary Sodismac. A consignment of 15,000t of clink...
Vietnam cement sales advance 11% in March
Domestic sales in Vietnam increased 19 per cent YoY and 147 per cent MoM to 6.797Mt in March 2019, according to the latest data from the Vietnam National Cement Association (VN...
UltraTech Cement records positive results for FY18-19
India’s UltraTech Cement (Aditya Birla Group) has reported a 9.6 per cent YoY increase in consolidated profit after tax to INR24.35bn (US$347.6m) for the year ended 31 March 20...
Maple Leaf Cement Factory records net profits of PKR1.89bn in 9MFY18-19
Maple Leaf Cement Factory Ltd (MLCFL) has announced its financial results for the nine-month period ended 31 March 2019 by declaring a net profit for the period of PKR1.89bn (U...
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