Cement News tagged under: Results
Raysut Cement’s 2012 net profit rises 64.1%, Oman18 February 2013, Published under Cement NewsRaysut Cement, Oman’s largest cement producer, reported a 64.1 per cent YoY growth in net profit for 2012 and revenues also increase fuelled by increasing demand. Net profit for the 12 months to the end of December 2012 reached OMR24.5m (US$63.6m) against OMR14.95m reported in 2011 as RCC booked an investment gain of OMR1.36m. Revenues also rose 10.7 per cent to OMR92.8m from OMR83.81m in the same period of last year. Oman’s cement sector, which was earlier facing problems because of t... |
India: JK Lakshmi hit by slower demand, higher costs18 February 2013, Published under Cement NewsJK Lakshmi has reported subdued performance for the third quarter of the current fiscal year due to high freight costs and flat growth in dispatches. Profits declined by 16 per cent to INR41 crore YoY in the quarter ending December 2012 and lower construction activity led to a 2.7 per cent increase in dispatches. Rising diesel and freight costs also negatively affected results and, due to lower demand, the company was unable to pass on costs to consumers. JK Lakshmi, which operates... |
Vulcan looks for further improvements in 201315 February 2013, Published under Cement NewsVulcan Materials' turnover edged up by 0.1 per cent last year to US$2567.3m, marking the second consecutive year of virtually static sales. EBITDA, again little changed, eased by 0.4 per cent to US$423.5m. Excluding exceptional exchange offer costs, the EBITDA increased by 9.2 per cent to US$466.8ms. After a net interest charge 2.4 per cent lower at US$211.9m, the pre-tax loss was again reduced by around one-fifth to US$120.4m and the net loss came down by 25.7 per cent to US$52.7m. Capi... |
Saudi Cement net profit rises 32.3% in 201214 February 2013, Published under Cement NewsSaudi Cement Company said today its net profit for 2012 rose 32.3 per cent YoY to SAR1.1bn (US$293m) thanks to higher demand. Earnings per share stood at SAR7.2, up from SAR5.43 a year earlier. The operating profit rose to SAR1.14bn in the 12 months to December 2012 from SAR865.1m in 2011. |
FLSmidth orders up 15% while EBITDA rises 9% in 201212 February 2013, Published under Cement NewsIn its newly-released 2012 annual report, Denmark-based cement plant maker FLSmidth & Co A/S announced a 15 per cent increase in its order intake, bringing the figure to DKK27.727bn (US$4.98bn) in 2012. Its revenues increased by over a fifth from DKK27.136bn to DKK29.451bn. The company also reported an EBITDA rise of nine per cent to DKK2.759bn, giving an EBITDA margin of 11.1 per cent, slight lower than the previous year’s figure of 12.3 per cent. The cement division operated in a market... |
India: Ambuja Cement Q4 net down by 30%12 February 2013, Published under Cement NewsAmbuja Cement, India's fourth-largest cement maker, slipped considerably in its latest quarterly performance. The Holcim-owned cement major's profitability for the December quarter declined far below the estimates, making it one of the cement industry's worst performances in recent quarters. At a time when its sister concern ACC managed a better-than-expected quarterly show, Ambuja's net profits plunged 30 per cent to INR2120m (US$39.2m) compared with INR3020m (US$55.9m) in the previous co... |
Cemex full-year turnover eases, EBITDA improves08 February 2013, Published under Cement NewsCemex has reported its full-year 2012 results which show decline in turnover but advance in EBITDA. Net debt is reduced but interest charge and gearing rise. Cemex' turnover eased by 1.5 per cent in 2012 to US$14,983.8m, but EBITDA did improve by 10.2 per cent to US$2614.7m and the trading profit advanced by 35.3 per cent to US$1308m, having recovered by 12.2 per cent in the previous year from its low point. The net interest charge continued to rise and was ahead by five per cent to US$14... |
ACC sees 49 per cent drop in quarterly profit08 February 2013, Published under Cement NewsIndia’s second largest cement producer ACC reported a 49 per cent YoY drop in net profit for the third quarter of the current fiscal. The company, in which Swiss cement major Holcim owns a 50.3 per cent stake, reported a net profit of INR2.39bn compared with INR4.7bn a year earlier for the October-December 2012 period. The year-ago number included an exceptional gain for a tax write-back of INR1.29bn. Excluding this, profit would have fallen 30 per cent. Higher fuel and transportation cos... |
Earthquake reconstruction efforts boost Sumitomo Osaka’s nine month operating profit08 February 2013, Published under Cement NewsSumitomo Osaka Cement is expected to report a strong gain in operating profit for the first nine months of the fiscal year on the back of earthquake reconstruction efforts. The company is expecting a 90 per cent YoY increase in consolidated operating profit to about JPY9bn for the nine months ended 31 December 2012. This would represent the highest figure for the April-December period in five years. Sales were up by approximately four per cent with consumption for ports and roads in the di... |
HeidelbergCement advances in Asia and Africa, but does less well in Europe07 February 2013, Published under Cement NewsThe preliminary figures from HeidelbergCement show an 8.7 per cent advance in turnover last year to €14,020m, or by 4.2 per cent on a comparative basis. EBITDA improved by a more modest 6.7 per cent to €2477m and the trading profit advanced by 9.5 per cent to €1613m, or by 5.6 per cent adjusting for currency movements and changes in the scope of consolidation. The number of employees declined by 1.1 per cent to 51,966, as a reduction of around people 1200 in North America and Europe was par... |