Cement News tagged under: Australia
Australia: construction downturn has cement maker reduce profit expectations20 August 2012, Published under Cement NewsAdBri reduced its market expectations at its full-year results presentation on Thursday, after worse than expected construction activity in the residential and non-residential sectors. Poor building conditions are driving a steady stream of companies in the construction sector to the wall. The trend is alarming industry groups and causing major companies such as cement maker Adelaide Brighton (AdBri) to lower their profit expectations. AdBri managing director Mark Chellew said building ... |
Adelaide Brighton sees improved outlook, Australia17 August 2012, Published under Cement NewsAustralian building materials producer Adelaide Brighton has lifted its first-half net profit by nearly 10 per cent and indicated a modest rise in annual earnings. Net profit rose in the six months to 30 June to A$67.5m (US$70.5m) from A$61.4m in the previous corresponding period. Revenue rose 8.3 per cent to A$550.3m from A$507.9m. Mark Chellew, managing director, said the company’s annual net profit could rise by as much as 4.4 per cent depending on the timing of cement sales and if ... |
Boral lowers expectations, Australia27 June 2012, Published under Cement NewsBoral has announced that it expects net profits for the year ending June 2012, to be in the region of AUD100m-110m, assuming that two property disposals are still completed this month, as anticipated. This compares with a previous guidance of AUD128m to AUD153m, made in April. While the performance in Asia and in the USA have been largely in line with expectations, the Australian performance in the final quarter is proving to be well short of expectations. The reasons cited by the co... |
Boral’s chief executive steps down, Australia24 May 2012, Published under Cement NewsThe Board of Boral Limited today announced that the Chief Executive, Mr Mark Selway, will step down from his role effective immediately. He will remain in employment with the Company until 31 July 2012 to assist with transition arrangements. Ross Batstone, currently Divisional Managing? Director Boral Building Products, has been appointed Acting Chief Executive Officer while a global search for a successor to Mr Selway is undertaken. Dr Bob Every, Boral’s Chairman, said: “Over the last... |
Adelaide Brighton forecasts slight rise in sales, Australia17 May 2012, Published under Cement NewsAustralia-based Adelaide Brighton expects a slight improvement in sales as market challenges continue. Managing director Mark Chellew said sales of the cement products would be marginally higher in 2012 than in 2011 Demand was robust in South Australia and Western Australia due to infrastructure and mining projects, but the timing of sales to those projects would influence the company's 2012 performance, he said Adelaide Brighton made a net profit of A$148.4m in calendar 2011. |
Boral’s first half profit falls, Australia29 February 2012, Published under Cement NewsAustralian building materials producer Boral’s turnover in the six months to the end of December improved by 1.9% to AUD$2,433m (€1,976m) while the EBITDA declined by 11.9% to AUD$237m (€192m) and the trading profit falling by 26.9% to AUD$109m (€86m). The net interest charge is now on the way up again and it rose by 9.7% to AUD$34m (€27m) and the pre-tax profit fell by 35.9% to AUD$75m (€61m). Net debt at the end of December rose by almost 2½ times to AUD$1,544m (€1,254m) to give a gearing ... |
Adelaide Brighton reports slight drop in net profit, Australia16 February 2012, Published under Cement NewsAdelaide Brighton on Thursday booked a net profit for the 2011 calendar year of A$148.4m, down two per cent on 2010 as a result of a higher effective tax rate. The company lifted revenue by 2.6 per cent to a record A$1.1bn. Managing director Mark Chellew said the profit was a good result in challenging trading conditions."The company's record revenue was achieved largely as a result of demand from mining and resources and projects in South Australia and Western Australia and the continued... |
Latest grinding technology for Australia13 January 2012, Published under Cement NewsGebr. Pfeiffer SE will supply Australia’s largest vertical roller mill for cement grinding to Australia’s leading cement manufacturer Cement Australia Pty. Ltd. whose main shareholders are Holcim Ltd and HeidelbergCement AG. The overall project will be carried out in co-operation with the Spanish EPC leader Cemengal S.A. The suppliers of the plant were faced with the task of meeting the customer’s high demands and responding to the country specific requirements. This challenge is refle... |