Latest news with #InternationalCementGroup
Yahoo
12-08-2025
- Business
- Yahoo
ICG Posts S$21.2 Million Net Profit for 1H2025, Driven by 51% Revenue Growth
SINGAPORE, Aug. 12, 2025 /PRNewswire/ -- Mainboard-listed International Cement Group Ltd. ("ICG" or the "Company", and together with its subsidiaries, the "Group"), a leading cement producer and distributor in Central Asia, today announced its financial results for the half year ended 30 June 2025 ("1H2025"). S$'0001H2025 1H2024 Change (%) Revenue165,119 109,603 51 Gross Profit59,300 34,037 74 EBITDA*45,860 23,410 96 Profit Before Tax31,625 10,128 212 Profit After Tax21,242 3,992 432 Net Profit Attributable to Shareholders14,875 933 1,494 Earnings per share (cents)0.26 0.02 1,200 Net Asset Value per share (cents)4.30 4.14 4 * EBITDA is defined as profit before tax, net foreign exchange gains/losses, net fair value gains/losses, interest income/expense,impairment losses, depreciation and amortisation expenses Mr Zhang Zengtao, Chief Executive Officer of ICG, said: "Our strong first-half results reflect the continued success of our expansion strategy and the resilience of our operations across Central Asia. With the Korcem plant now fully operational, we are well-positioned to meet rising infrastructure demand in Kazakhstan and Tajikistan, while maintaining our focus on cost efficiency and long-term value creation for shareholders." The Group reported a significant revenue increase of S$55.5 million, bringing total revenue to S$165.1 million in 1H2025, up from S$109.6 million in 1H2024. This growth was mainly driven by higher sales from the Kazakhstan operations, supported by contributions from the new Korcem cement plant, which has been in operation for six months, and sustained demand for Alacem cement plant. In Tajikistan, sales volume from the Mohir cement plant rose by 36% period-on-period due to improved weather conditions. Gross profit margin improved to 36%, up from 31% in 1H2024. This was driven by increased selling prices and strong demand for both Alacem and Korcem cement plants in Kazakhstan. The robust market appetite was underpinned by rising Chinese infrastructure investment and close collaboration between cement producers and the government of Kazakhstan on national development projects. Administrative expenses rose by S$3.1 million, reflecting higher staff costs, overheads, and depreciation following the commencement of operations at the Korcem cement plant. Selling and distribution expenses increased modestly by S$0.2 million following higher sales volumes. Other expenses declined by S$4.3 million, mainly due to the absence of net foreign exchange losses recorded in the prior period. Conversely, other income rose sharply from S$1.0 million to S$5.2 million, primarily reflecting net foreign exchange gains. The Group recorded a net positive foreign exchange movement of S$10.5 million, driven by the slight appreciation of the Kazakhstani Tenge against the US Dollar and Chinese Yuan. The Group's adjusted EBITDA rose to S$45.9 million in 1H2025 from S$23.4 million in 1H2024. The Group's net profit attributable to shareholders surged to S$14.9 million in 1H2025, up from S$0.9 million in 1H2024, driven by stronger operational performance and improved foreign exchange conditions. Basic and diluted earnings per share rose to 0.26 Singapore cents, compared to 0.02 cents in the previous period. Net cash generated from operating activities amounted to S$40.1 million in 1H2025 compared to S$20.9 million in 1H2024, reflecting the improved financial performance. Cash and cash equivalents increased from S$5.7 million as of 31 December 2024 to S$9.9 million as of 30 June 2025, mainly due to operating cash flows and an additional S$2.5 million secured revolving credit facility. As of 30 June 2025, the Group's net asset value (NAV) per ordinary share stood at 4.30 Singapore cents, up from 4.14 cents as of 31 December 2024. Outlook ICG is well-positioned to benefit from sustained infrastructure-driven demand in Central Asia, underpinned by positive economic outlooks in Kazakhstan and Tajikistan. The Korcem cement plant, which commenced operations in late 2024, delivered strong sales in 1H2025 and its momentum, barring any unforeseen circumstances, is expected to continue for the rest of the year, with exports to Kyrgyzstan already underway. In Tajikistan, while increased competition has impacted cement volumes, ICG is actively defending its market position through targeted distributor incentives and sales promotions. Meanwhile, the Group is progressively scaling down its non-core aluminium operations to focus resources on its core cement business, in line with its long-term growth strategy. - End - This press release is to be read in conjunction with the Company's announcement posted on the SGX website on 12 August 2025. For media inquiries, please contact: Roger Ng, Lim, About International Cement Group ( International Cement Group Ltd. and its subsidiaries (the "Group") is primarily involved in the production, sale and/or distribution of cement, gypsum plasterboards, and related products in the Central Asia region. The Group owns and operates the largest cement plant in the Khatlon region of Tajikistan, with an annual production capacity of 1.2 million metric tonnes. Additionally, the Group owns and operates a grinding station in Kolkhozabad with an annual production capacity of 0.6 million metric tonnes, and a gypsum plasterboard plant in the Yovon district with an annual production capacity of 30 million square meters, which commenced commercial production in December 2023. Beyond its operations in Tajikistan, the Group has a strong presence in Kazakhstan, where it owns and operates three cement plants. The plants in Almaty and East Kazakhstan regions have annual production capacities of 1.2 million and 1.0 million metric tonnes, respectively. In November 2024, the Group officially opened the Korcem cement plant in the Korday district, Jambyl region, adding 1.5 million metric tonnes of annual capacity. With this latest addition, ICG has strengthened its position as the largest dry-process cement producer in Kazakhstan. The Group also has an established presence in the manufacturing and marketing of aluminum extrusions for the construction industry in Singapore. View original content to download multimedia: SOURCE International Cement Group
Associated Press
12-08-2025
- Business
- Associated Press
ICG Posts S$21.2 Million Net Profit for 1H2025, Driven by 51% Revenue Growth
SINGAPORE, Aug. 12, 2025 /PRNewswire/ -- Mainboard-listed International Cement Group Ltd. ('ICG' or the 'Company', and together with its subsidiaries, the 'Group'), a leading cement producer and distributor in Central Asia, today announced its financial results for the half year ended 30 June 2025 ('1H2025"). Mr Zhang Zengtao, Chief Executive Officer of ICG, said: 'Our strong first-half results reflect the continued success of our expansion strategy and the resilience of our operations across Central Asia. With the Korcem plant now fully operational, we are well-positioned to meet rising infrastructure demand in Kazakhstan and Tajikistan, while maintaining our focus on cost efficiency and long-term value creation for shareholders.' The Group reported a significant revenue increase of S$55.5 million, bringing total revenue to S$165.1 million in 1H2025, up from S$109.6 million in 1H2024. This growth was mainly driven by higher sales from the Kazakhstan operations, supported by contributions from the new Korcem cement plant, which has been in operation for six months, and sustained demand for Alacem cement plant. In Tajikistan, sales volume from the Mohir cement plant rose by 36% period-on-period due to improved weather conditions. Gross profit margin improved to 36%, up from 31% in 1H2024. This was driven by increased selling prices and strong demand for both Alacem and Korcem cement plants in Kazakhstan. The robust market appetite was underpinned by rising Chinese infrastructure investment and close collaboration between cement producers and the government of Kazakhstan on national development projects. Administrative expenses rose by S$3.1 million, reflecting higher staff costs, overheads, and depreciation following the commencement of operations at the Korcem cement plant. Selling and distribution expenses increased modestly by S$0.2 million following higher sales volumes. Other expenses declined by S$4.3 million, mainly due to the absence of net foreign exchange losses recorded in the prior period. Conversely, other income rose sharply from S$1.0 million to S$5.2 million, primarily reflecting net foreign exchange gains. The Group recorded a net positive foreign exchange movement of S$10.5 million, driven by the slight appreciation of the Kazakhstani Tenge against the US Dollar and Chinese Yuan. The Group's adjusted EBITDA rose to S$45.9 million in 1H2025 from S$23.4 million in 1H2024. The Group's net profit attributable to shareholders surged to S$14.9 million in 1H2025, up from S$0.9 million in 1H2024, driven by stronger operational performance and improved foreign exchange conditions. Basic and diluted earnings per share rose to 0.26 Singapore cents, compared to 0.02 cents in the previous period. Net cash generated from operating activities amounted to S$40.1 million in 1H2025 compared to S$20.9 million in 1H2024, reflecting the improved financial performance. Cash and cash equivalents increased from S$5.7 million as of 31 December 2024 to S$9.9 million as of 30 June 2025, mainly due to operating cash flows and an additional S$2.5 million secured revolving credit facility. As of 30 June 2025, the Group's net asset value (NAV) per ordinary share stood at 4.30 Singapore cents, up from 4.14 cents as of 31 December 2024. Outlook ICG is well-positioned to benefit from sustained infrastructure-driven demand in Central Asia, underpinned by positive economic outlooks in Kazakhstan and Tajikistan. The Korcem cement plant, which commenced operations in late 2024, delivered strong sales in 1H2025 and its momentum, barring any unforeseen circumstances, is expected to continue for the rest of the year, with exports to Kyrgyzstan already underway. In Tajikistan, while increased competition has impacted cement volumes, ICG is actively defending its market position through targeted distributor incentives and sales promotions. Meanwhile, the Group is progressively scaling down its non-core aluminium operations to focus resources on its core cement business, in line with its long-term growth strategy. - End - This press release is to be read in conjunction with the Company's announcement posted on the SGX website on 12 August 2025. For media inquiries, please contact: Roger Ng, [email protected] Jass Lim, [email protected] About International Cement Group ( ) International Cement Group Ltd. and its subsidiaries (the 'Group') is primarily involved in the production, sale and/or distribution of cement, gypsum plasterboards, and related products in the Central Asia region. The Group owns and operates the largest cement plant in the Khatlon region of Tajikistan, with an annual production capacity of 1.2 million metric tonnes. Additionally, the Group owns and operates a grinding station in Kolkhozabad with an annual production capacity of 0.6 million metric tonnes, and a gypsum plasterboard plant in the Yovon district with an annual production capacity of 30 million square meters, which commenced commercial production in December 2023. Beyond its operations in Tajikistan, the Group has a strong presence in Kazakhstan, where it owns and operates three cement plants. The plants in Almaty and East Kazakhstan regions have annual production capacities of 1.2 million and 1.0 million metric tonnes, respectively. In November 2024, the Group officially opened the Korcem cement plant in the Korday district, Jambyl region, adding 1.5 million metric tonnes of annual capacity. With this latest addition, ICG has strengthened its position as the largest dry-process cement producer in Kazakhstan. The Group also has an established presence in the manufacturing and marketing of aluminum extrusions for the construction industry in Singapore. View original content to download multimedia: SOURCE International Cement Group
Yahoo
08-07-2025
- Business
- Yahoo
International Cement Group (SGX:KUO) shareholders have endured a 24% loss from investing in the stock three years ago
While not a mind-blowing move, it is good to see that the International Cement Group Ltd. (SGX:KUO) share price has gained 19% in the last three months. But that doesn't help the fact that the three year return is less impressive. In fact, the share price is down 24% in the last three years, falling well short of the market return. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the three years that the share price fell, International Cement Group's earnings per share (EPS) dropped by 83% each year. The recent extraordinary items made their mark on profits. This fall in the EPS is worse than the 9% compound annual share price fall. This suggests that the market retains some optimism around long term earnings stability, despite past EPS declines. This positive sentiment is also reflected in the generous P/E ratio of 807.11. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. While the broader market gained around 23% in the last year, International Cement Group shareholders lost 14%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 1.0% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 5 warning signs with International Cement Group (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
08-07-2025
- Business
- Yahoo
International Cement Group (SGX:KUO) shareholders have endured a 24% loss from investing in the stock three years ago
While not a mind-blowing move, it is good to see that the International Cement Group Ltd. (SGX:KUO) share price has gained 19% in the last three months. But that doesn't help the fact that the three year return is less impressive. In fact, the share price is down 24% in the last three years, falling well short of the market return. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the three years that the share price fell, International Cement Group's earnings per share (EPS) dropped by 83% each year. The recent extraordinary items made their mark on profits. This fall in the EPS is worse than the 9% compound annual share price fall. This suggests that the market retains some optimism around long term earnings stability, despite past EPS declines. This positive sentiment is also reflected in the generous P/E ratio of 807.11. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. While the broader market gained around 23% in the last year, International Cement Group shareholders lost 14%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 1.0% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 5 warning signs with International Cement Group (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-03-2025
- Business
- Yahoo
International Cement Group's (SGX:KUO) Conservative Accounting Might Explain Soft Earnings
The market was pleased with the recent earnings report from International Cement Group Ltd. (SGX:KUO), despite the profit numbers being soft. Our analysis suggests that investors may have noticed some promising signs beyond the statutory profit figures. Check out our latest analysis for International Cement Group For anyone who wants to understand International Cement Group's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by S$11m due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. If International Cement Group doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of International Cement Group. Unusual items (expenses) detracted from International Cement Group's earnings over the last year, but we might see an improvement next year. Because of this, we think International Cement Group's earnings potential is at least as good as it seems, and maybe even better! On the other hand, its EPS actually shrunk in the last twelve months. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. For instance, we've identified 5 warning signs for International Cement Group (1 doesn't sit too well with us) you should be familiar with. This note has only looked at a single factor that sheds light on the nature of International Cement Group's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
