Cement News tagged under: Portugal
Portugal: Cimpor to resume cement exports from Loulé13 January 2017, Published under Cement NewsCimpor's Loulé plant is due to resume exports via the Algarve port of Faro, Portugal. The Algarve port of Faro, which has seen no cargo movement whatsoever since June 2016 when Cimpor, the port’s only customer, stopped production at its local Loulé plant. The Loulé plant is due to resume activity in February, reports The Portugal news Online. |
Cimpor takes massive provisions in Brazil02 September 2016, Published under Cement NewsCimpor's first-half turnover dropped by 31.1 per cent to EUR897.3m, while EBITDA declined by 39.1 per cent to EUR170.1m. The amortisation and provision charge jumped from EUR100.6m to EUR527.9m as a result of a EUR433m good-will impairment charge relating to Brazil. This led to the trading result falling from a profit of EUR178.6m to a EUR357.7m loss and after a 9.2 per cent increase in the net financial charge to EUR182.2m there was a pretax loss of EUR539.9m against a profit of EUR11.8m. A... |
Portugal: N+P deliver SRF08 July 2016, Published under Cement NewsOn 8 May 2016 a ship carrying 2500t of baled SRF berthed at Lisbon. The SRF originated from N+P Alternative Fuels’ location in Grimsby, UK and will be used as a substitute for primary fuels in the cement industry. This new project form N+P represents the company's next step towards further strengthening its position in the alternative fuels market. |
Falling profits in South America, Egypt and Portugal hit Cimpor results01 June 2016, Published under Cement NewsCimpor has reported a first-quarter turnover 28.7 per cent lower at EUR454.1m and EBITDA fell by 35.1 per cent to EUR80.1m. The trading profit (EBIT) dropped by 51.9 per cent to EUR35.6m. The net financial charge edged ahead by 0.7 per cent to EUR75.8m to give a pretax loss of EUR40.3m, compared with EUR1.3m a year earlier. At the net attributable level there was a loss of EUR40.7m, compared with a loss of EUR17.2m a year earlier. The net debt was 10 per cent lower at EUR3,170m, but the gear... |
The Mediterranean and beyond25 May 2016, Published under Cement NewsThe Mediterranean has always played a vital role in the world economy and international trade. In recent years its bordering countries have been affected by turmoil caused by various factors: the economic crisis, a fall in oil prices, increasing migration and Islamisation, political instability and wars. This uncertainty has affected construction investment and regional cement demand. For Mediterranean cement producers this has meant a need to find new markets and look beyond the usual horiz... |
Cimpor books major loss in 201526 February 2016, Published under Cement NewsCimpor's turnover declined by 4.3 per cent in 2015 to EUR2492.7m while EBITDA came off by 18.6 per cent to EUR525.7m. The trading profit emerged 30.2 per cent lower at EUR313.3m and the net financial charge increased by 9.3 per cent to EUR406.1m, giving a pretax loss of EUR92.8m compared with a profit of EUR77.3m in the previous year. A EUR12.4m tax credit helped to reduce the net attributable loss to EUR71.2m compared with a profit of EUR27.2m in the previous year. Net debt at the end of... |
Cimpor hit by the weakness in Brazil19 November 2015, Published under Cement NewsCimpor's nine month turnover declined by 1.2 per cent to EUR1,927.9m and the EBITDA came off by 14.2 per cent to EUR395.1m as cement deliveries in Brazil, Egypt and South Africa fell by 15.8 per cent, 13.8 per cent and 7.7 per cent respectively. Argentina, on the other hand, improved shipments by 9.3 per cent. The trading profit (EBIT) came down by 22.7 per cent to EUR248.5m and the net financial charges declined by 4.6 per cent to EUR274m, to give a pre-tax loss of EUR25.5m compared with... |
Cimpor's 1H cement sales rise, but volumes drop19 August 2015, Published under Cement NewsCimpor's first-half turnover increased a 4.8 per cent to EUR1302.8m, while EBITDA declined by 3.3 per cent to EUR279.2m. The amortisation and provision increased by 10.1 per cent to EUR100.6m and the trading profit declined by 9.5 to EUR178.6m and after a 5.5 per cent decline in the net financial charge to EUR166.8m led to a pre-tax profit of a 43.4 per cent to EUR11.8m. After a 32.2 per cent increase in the improve tax and a 5.8 per cent decline in the interim loss the net interim loss o... |
Secil 1Q15 boosted by Angola operations02 June 2015, Published under Cement NewsSemapa, the Portuguese holding company that controls Secil, said turnover in its Cement and Derivatives Business unit for the first quarter of 2015 increased by 2.4 per cent YoY to EUR99.9m. The growth is mostly attributed to the performance of the ready-mix business unit in Portugal and Angola operations. EBITDA during the three month period rose by four per cent to EUR17.1m. Operating income was down by 25 per cent to EUR4.7m due to the increase in depreciation. Consolidated net income ... |
Weaker Brazil markets depress Cimpor's profits20 May 2015, Published under Cement NewsCimpor has reported a first quarter turnover 7.4 per cent higher at EUR636.6m but the EBITDA declined by 7.2 per cent to EUR123.4m. The trading profit (EBIT) was 17.6 per cent lower at EUR74m. The net financial charge declined by 18.9 per cent to EUR75.3m to give a pre-tax loss of EUR1.3m, compared with EUR3.1m a year earlier. At the net attributable level there was a loss of EUR17.2m, compared with a loss EUR10.8m a year earlier. Net debt was 0.6 per cent lower at EUR3522m, but the gear... |