Cement News tagged under: 2Q15
Saudi Arabia: Eastern Province Cement Q2 profits fall 46%28 July 2016, Published under Cement NewsEastern Province Cement Company’s net profits dropped 46.2 per cent YoY to SAR50m (US$13.3m) in 2Q16, compared to SAR93m (US$24m) in the same period in 2015.This decrease is attributed to lower operating profit, lower sales as local demand weakens and higher production costs. The company’s profits also fell 23 per cent in the first half of 2016 to SAR137m (US$36.5m) compared to profits of SAR178m (US$47.4m) in the first half of 2015. |
UltraTech Cement 2Q net profit up17 December 2015, Published under Cement NewsUltraTech Cement Ltd has reported that net profit after taxes and minority interest for the second quarter ended 30 September 2015 was INR4.27bn (US$64m), or INR15.55 per diluted share, compared to INR4.14bn, or INR15.09 per diluted share, for the same quarter ended 30September 2014. Total income from operations for the second quarter was INR60.13bn, compared to INR57.7 bn for the same quarter ended 30 September 2014. Net profit after taxes and minority interest for the six months ende... |
India Cements reports low demand in 2Q1513 August 2015, Published under Cement NewsSouth India's largest cement maker by volume, The India Cements Ltd, on Wednesday said its profits for the quarter ended June 2015 were INR4010m (US$617.2m) from a loss of INR2960m (US$25.5m) in the comparable quarter last year. Cement producers in south India have previously found profits hard to come by with excess capacity and falling demand. "It's a quarter where price stabilisation happened and a slightly better quarter, but poor demand," said MD of ICL, N Srinivasan. He said hat the... |
Lafarge EBITDA up EUR52m in 1H1529 July 2015, Published under Cement NewsLafarge's cement volumes for the second quarter of 2015 were down three per cent due to a fall in export sales as the two per cent volume rise in domestic markets could not entirely offset the decline overseas. Volumes were supported by continuing positive trends in many markets such as Romania, the Philippines, Egypt or Canada while adverse weather limited growth in the United States. There was also ramp-up of new capacities in Rajasthan (India) and Russia to offset the impact of subdued m... |
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