Economy & Market

China Resources Cement 1H15 reports decline in turnover

Published

10 years ago

August 31, 2015

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China Resources Cement has reported its 1H15 results, which show a decrease in turnover of 11.6 per cent to HK$13.4 billion. Commenting on the results, Zhou Longshan, Chairman of the company, said: "In the first half of 2015, the Chinese government continued to adopt prudent monetary policy and proactive fiscal measures to maintain economic growth within a reasonable range. During the period, the Chinese government accelerated the approval of infrastructure projects and actively promoted the "public-private partnership" model, extensively covering industries."
China Resources Cement sold 34.8 mt of cement in 1H15 and 2.7 mt of clinker. This represents a decrease of 11.3 per cent and 21.6 per cent, respectively, over the previous year. Guangdong and Guangxi remain the group?s core markets, accounting for 41,1 per cent and 28.1 per cent of cement sales, respectively. Selling prices decreases about 16.4 per cent over the period, while concrete prices increased 4.2 per cent y/y, as a higher proportion of sales volume were from the Hong Kong market where prices are relatively higher.

Concrete

Shree Cement reports 2025 financial year results

Published

4 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

4 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

4 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/