Displaying items by tag: GCW657

Pakistan: Maple Leaf Cement recorded US$182m in sales in the first nine months of 2024, up by 8% year-on-year from US$169m in the first nine months of the previous financial year. Its cost of sales also rose by 8%, to US$124m from US$115m. As such, the producer recovered a profit after tax of US$19.3m, down by 13% from US$22.2m.

Maple Leaf Cement concluded a buyback of its shares on 24 April 2024, giving the company revised paid-up capital of US$37.7m.

Mexico: GCC’s net sales were US$273m in 2024, up by 12% year-on-year. Its US sales rose by 17%, with local cement volumes up by 8.3% and concrete volumes up by 5.6% year-on-year, respectively. Meanwhile, its Mexican sales grew by 4%. The price of both cement and concrete rose across both markets. Accordingly, GCC grew its earnings before interest, taxation, depreciation and amortisation (EBITDA) by 32%, to US$82.9m.

Egypt: South Valley Cement’s sales grew by 0.4% year-on-year in 2023, to US$18.3m from US$18.2m. This enabled the company to reduce its loss by 7%, to US$4.06m from US$4.36m.