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News Hume Cement Industries’ first-quarter sales rise in 2024 financial year

Hume Cement Industries’ first-quarter sales rise in 2024 financial year

Written by Global Cement staff 17 November 2023
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Malaysia: Hume Cement Industries recorded US$65.5m in sales during the first quarter of the 2024 financial year (beginning 1 July 2023). This represents 48% year-on-year growth from US$44.2m one year previously. The producer’s profit was US$10.3m, against a US$2.57m loss in the first quarter of the 2023 financial year.

Bernama Daily Malaysian News has reported that Hume Cement Industries expects domestic cement demand to rise throughout the 2024 financial year. Nonetheless, the company said “The board remains cautious, as the uncertainties arising from geopolitical pressures continue to challenge the cement industry's input costs. The group is increasing its focus on developing sustainable construction materials in this growing economy, while continuing its efforts to enhance operational excellence.”

Last modified on 22 November 2023
Published in Global Cement News
Tagged under
  • Malaysia
  • Hume Cement Industries
  • Results
  • Profit
  • Outlook
  • market
  • demand
  • economy
  • costs
  • Sustainability
  • GCW635

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