Economy & Market

Cementos Argos profit up by 69%

Published

11 years ago

October 31, 2014

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Taking 69 per cent jump in net earnings for the first nine months, Cementos Argos, has reported EBITDA of COP805bn (US$415m) between January and September. The company reported a 16 per cent hike in revenue COP4.25trn as a result of higher sales in US market. Volumes of cement and concrete shipped showed growth of 59 per cent and 27 per cent respectively.

A statement issued by the company said that the performance in the United States maintains a healthy growth dynamic. The regional division in USA witnessed a 60 per cent hike in cement dispatches during the 3Q14 to 806,00t. Volumes reached 2.1Mt, up 59 per cent YoY, in the first three quarters of the year.

Concrete

Shree Cement reports 2025 financial year results

Published

5 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

5 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

5 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/