CMS cement sales down in 2017 due to lower volumes

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Malaysia: Cahya Mata Sarawak's (CMS) sales from its cement division have fallen in 2017 due to lower sales volumes of cement and concrete. However, the cement producer said that the average production cost per tonne of cement had fallen due to cheaper coal prices and cheaper imported clinker. Its sales revenue fell by 7.5% year-on-year to US$133m in 2017 from US$144m in 2016. Its operating profit fell by 3.5% to US$25.9m from US$26.8m. The division also benefitted from the opening of the Mambong grinding plant in late 2016.

Last modified on 28 February 2018

URL: https://globalcement.com/news/item/7132-cms-cement-sales-down-in-2017-due-to-lower-volumes

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