Displaying items by tag: Results

North Macedonia: Cementarnica Usje, a subsidiary of Titan, reported a 40% year-on-year increase in net profit to US$26.5m for the January - September 2024 period. The company's total operating revenues remained stable compared to 2023’s figures at approximately US$79.7m, while its total operating expenses decreased by 12% year-on-year to around US$50.9m, according to its financial statement.

Spain: Molins announced a revenue of €1bn for the first nine months of 2024, down by 5% year-on-year, impacted by lower volumes and currency fluctuations. Particularly in Argentina, economic instability and currency devaluation affected performance. Net profit rose by 23% year-on-year to €153m, while earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled €274m, a decrease of 1% from the corresponding period in 2023. 

US: Eagle Materials' quarterly revenues hit US$624m in the first half of the 2025 financial year, with net earnings of US$144m and earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$242m. The company’s cement revenues dropped by 2% year-on-year, to US$353m, resulting in a 5% fall in its operating earnings from cement, to US$116m, exacerbated by increased maintenance costs. Cement sales volume declined by 5% year-on-year to 2Mt, affected by adverse weather in Texas in July 2024 and Eastern US markets in September 2024.

Saudi Arabia: Yamama Cement Company recorded sales of US$76m and net income of US$26.1m for the third quarter of 2024. This marks a rise of 35% and 140% respectively from US$56.5m in sales and US$10.9m in net income in the corresponding period in 2023.

Mexico: Cemex recorded an earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$747m in the third quarter of 2024, down by 9% year-on-year, with net sales falling by 3% to US$4.09bn. This period was influenced by adverse weather and foreign exchange movements, according to the company. Net income for the quarter more than tripled year-on-year to reach US$406m.

Compared to the corresponding period in 2023, sales in Mexico fell by 5% to US$1.14bn, while sales in the US decreased by 4% to US$1.34bn. In South and Central America and the Caribbean, sales declined by 1% to US$311m. Conversely, sales in the Europe, Middle East and Africa region rose by 1% to US$1.24bn.

India: Ambuja Cements has reported a 22% year-on-year fall in standalone net profit to US$60.4m for the quarter ending September 2024, down from US$77.6m in the same period in 2023. Revenue from operations rose by 6% year-on-year to US$507m, compared to US$478m in the previous corresponding period. Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the quarter also decreased by 12% year-on-year to US$82.3m. The company aims to achieve 100Mt/yr capacity by the end of the 2024 financial year, following the acquisition of a 47% share in Orient Cements.

Nigeria: Dangote Cement has recorded a 0.6% year-on-year rise in profit to US$163m for the first nine months of 2024. Revenue increased by 69% year-on-year to US$1.5bn, driven by price adjustments, up from US$885m in the same period in 2023. Gross profit also rose, up 36% year-on-year from US$568m to US$774m. The company has commissioned 11 out of 17 alternative fuel projects and recently integrated 1500 compressed natural gas trucks into its fleet in an attempt to reduce costs.

Switzerland: Holcim has published its financial results, with a recurring operating profit of €1.6bn for the third quarter ending September 2024. The company reported a fall in sales for the period by 3% to €6.84bn from €7.03bn in 2023, and a nine-month sales figure of €19.1bn. Holcim has also made several new acquisitions, with six companies bought during the quarter, making a total of 17 so far in 2024. Holcim's North American market, its second largest, showed ‘strong market fundamentals’, according to the company, with ongoing work on 150 infrastructure projects. The company’s cement business reported revenues of €9.9bn in the first nine months of 2024.

India: UltraTech Cement has published its financial results for the second quarter ending 30 September 2024. For the second quarter, the company reported sales of US$1.86bn, down by 2.1% from US$1.90bn in the same period of 2023. Revenue for the second quarter of 2024 was US$1.89bn, marking a year-on-year decrease of 2% from US$1.92bn in 2023. Net income fell to US$97.5m, down by 36% from US$152m in 2023, with net profit after tax dropping to US$202m, a 52% decrease from US$240m recorded in the preceding June quarter. Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the September 2024 quarter stood at US$239.94m, a decrease of 18% year-on-year.

India: Dalmia Bharat has reported a 60.5% decline in net profit to US$5.83m for the second quarter ending 30 September 2024, down from US$14.8m in the same period in 2023. Revenue from operations slightly decreased by 2% to US$36.7m, compared to US$37.5m in 2023. Earnings before interest, taxation, depreciation and amortisation (EBITDA) also fell by 27% to US$5.16m. However, the company recorded an 8.4% year-on-year increase in cement volumes to 6.7Mt.

Managing director and CEO Puneet Dalmia said "I believe that as India grows, the cement sector will continue to flourish. We are actively working to announce our Phase II expansions within the next nine months and achieve our interim milestone of 75Mt/yr by the 2028 financial year."