Cement News tagged under: 3Q17
Cementos Argos raises cement volumes by 16.7% in 3Q1713 November 2017, Published under Cement NewsCementos Argos reports in its 3Q17 results that consolidated cement volumes reached 4.2Mt, with a 16.7 per cent increase driven by positive dynamics in the company's operating regions and the consolidation of the Martinsburg plant operation. Concrete volumes decreased 6.1 per cent, due to the performance of Texas and Colombia. The adjusted EBITDA, excluding no-recurring items associated to the BEST programme, closed in COP428bn (US$143.2m), compared to COP398bn in 3Q16, with a 19.5 per... |
Martin Marietta 3Q17 results see cement shipments down 9.7%03 November 2017, Published under Cement NewsMartin Marietta's 3Q17 total revenues for the building materials business, which includes the aggregates, cement, ready-mixed concrete and asphalt and paving product lines, were US$1.024bn, down slightly from US$1.039bn. The cement product line generated pricing growth of 3.9 per cent, driven by ongoing construction activity in the Dallas/Fort Worth area. Ready-mixed concrete and asphalt pricing increased 4.9 per cent and 11.8 per cent, respectively. Average selling prices improved acro... |
Titan Group announces 9M17 net profits of EU33.1m02 November 2017, Published under Cement NewsTitan Group recorded a small increase in sales and operating profitability in the nine months of 2017, mostly thanks to the growth in the US market. Consolidated turnover reached EUR1144.5m, posting a 1.8 per cent increase compared to the same period in 2016. EBITDA increased by 4.6 per cent to EUR214.5m. Net profit, after minority interests and the provision for taxes, stood at EUR33.1m versus EUR121.9m in the nine months of 2016. Third quarter results in 2017 reflected two exceptional e... |
Kuwait Cement earnings surpass US$10m in 3Q1702 November 2017, Published under Cement NewsKuwait Portland Cement achieved a jump of 471.61 per cent in profits during the 3Q17 compared to the same period last year. The company's earnings soared to KWD3.13m (US$10.37m) in 3Q17 compared to nearly KWD547,320 (US$1.81m) in 3Q16, according to a bourse statement issued on Wednesday. During the first nine months, Portland Cement posted KWD8.19m profits which were 30 per cent higher than KWD6.29m in the same period in 2016. The increase in profits is attributed to higher stock pric... |
Siam Cement Pcl sees 16% fall in profit01 November 2017, Published under Cement NewsSiam Cement Pcl reported a 16 per cent fall in 3Q17 net profit on Wednesday due to weak demand and lower margins in its chemical and packaging segments. According to a poll by Thomson Reuters, the net profit for the third quarter was THB11.84bn (US$357.06m) thereby missing expectations of THB14bn. Revenue from sales rose seven per cent to THB112.43bn. Domestic cement volume sales were also down two per cent YoY. Revenue from Vietnam, Indonesia and the Philippines helped by increasing profi... |
LafargeHolcim's cement volumes increase by 4.7 per cent in 3Q1727 October 2017, Published under Cement NewsLafargeHolcim announced cement volumes were up 4.7 per cent in 3Q17 and 1.8 per cent for the year to date. Globally, cement prices improved by 5.6 per cent in the quarter compared to the prior year on a like-for-like basis. Operating EBITDA adjusted increased by 5.9 per cent in the quarter to CHF1.750bn (US$1.751bn) on a like-for-like basis and was 9.2 per cent higher for the year to date. Net income group share, at CHF1446m, was up 8.1 per cent year to date reflecting the increase in o... |
Cemex 3Q17 net sales total US$3.5bn27 October 2017, Published under Cement NewsCemex announced that its consolidated net sales reached US$3.5bn during the 3Q17, representing an increase of two per cent, or an increase of one per cent on a like-to-like basis, versus the comparable period in 2016. Operating EBITDA decreased by eight per cent during the quarter to US$702m versus the same period in 2016. Fernando A Gonzalez, Cemex Chief Executive Officer, said: "We are pleased with the double-digit, year-to-date growth in operating EBITDA in our two largest markets: Mex... |
ACC 3Q17 sales volume rises 18%18 October 2017, Published under Cement NewsACC delivered sales volume growth of 18 per cent in the 3Q17 (July-September 2017) compared to five per cent in 3Q16. Sales volume reached 19.29Mt for the first nine months of 2017. The stabilisation of Jamul and Sindri cement plant capacities have contributed to this growth. Premium product sales rose by 18 per cent YoY. "ACC's results demonstrate our capacity to respond quickly and resolutely to changing market dynamics and execute strategies with focus and determination. Our approach... |
UltraTech expected to announce large net profit fall in 3Q1718 October 2017, Published under Cement NewsUltraTech Cement is likely to report a 30-50 per cent drop in the July-September quarter net profit on higher interest cost and depreciation related to acquisition of Jaiprakash Associates six integrated cement plants and five grinding units, having a capacity of 21.2Mt, reports The Economic Times. Net sales are forecast to rise 17-18 per cent for the quarter, the paper reports. The cement maker is scheduled to report its results later in the day. According to Centrum, the cement maker ... |
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