Cement News tagged under: Results
Lafarge Pakistan Cement swings to profit05 September 2012, Published under Cement NewsLafarge Pakistan Cement reported profit after tax of PKR498.916m (US$5.3m) in the first half of calandar year 2012 compared to losses of PKR17.539m in same period last year, boosted by a rise in domestic sales and cost optimisation. Net sales for the period stood at PKR4.784bn against PKR3.684bn in 2011. Its administrative and financial cost increased to PKR278.6m and PKR604.662m from PKR221.613m and PKR481.564m, respectively 1H11. Distribution costs also increased to PKR115.625m from PKR... |
Taiwan producers invest further in China04 September 2012, Published under Cement NewsDespite recording a decline in first-half net profits Taiwain-based cement producers Taiwan Cement and Asia Cement, have underlined their confidence in the Chinese market by planning to invest over TWD1.8bn (US$60m) in their respective operations. Asia Cement reported 1H net profit of TWD4.088bn (US$136.27m) in net profits in the first half, with earning per share falling 30 per cent YoY to TWD1.27 (US$0.042). Meanwhile, TCC’s net profits decreased 2.5 per cent YoY to TWD$3.95bn (US$131.67... |
PT Holcim Indonesia 1H net profit increases 15 per cent03 September 2012, Published under Cement NewsPT Holcim Indonesia recorded a 15 per cent rise in net profit driven by increased sales. Net income rose to IDR514.4bn (US$54m) in the first six months of this year from IDR447.7m in the same period of last year. Revenue increased 18 per cent to IDR4.19trn, according to reports in the Jakarta Globe. Holcim Indonesia is currently working on construction of a new plant in Tuban, on the main island of Java. Slated to come on-stream in the first half of 2013, this new plant will have a capac... |
Lafarge Zimbabwe revises revenue forecasts upwards03 September 2012, Published under Cement NewsLafarge Zimbabwe has revised its revenue forecast upwards for 2012 for the second time this year after the group reported a significant rise in profits for the first half driven by increased sales. The company is now expecting year-end revenue to reach US$70m, nearly US$10m more than the US$62m projection it made at its AGM held in May this year. The Independent of Zimbabwe reported managing director of Lafarge Zimbabwe, Johnathan Shoniwa saying that in 1H12, nationwide cement demand r... |
Sichuan Shuangma Cement 1H net profit slumps, China03 September 2012, Published under Cement NewsShenzhen-listed producer, Sichuan Shuangma Cement Co, reported a 112.95 per cent loss in net profit for the first half of 2012 to CNY11.64m (US$1.8m) China Business Newswire reports. In the six months to June, the company’s operating revenue was down 6.21 per cent to CNY885m. Basic losses per share stood at CNY0.02. |
Australia: market uncertainties ahead03 September 2012, Published under Cement NewsChallenging market conditions persist for Australia's cement sector due to weak residential and commercial activity combined with the potential impact of a new carbon tax which became effective last month. Last year saw a decline in housing starts as rising interest rates coincided with the end of stimulus packages. In November 2011, the Reserve Bank cut interest rates by 25bp to spur the market into recovery although it was unable to stop further declines in financing approvals. Latest da... |
Lafarge: August '1203 September 2012, Published under Cement NewsAfter reporting an increase in sales but a slip in volumes for 1H2012, Lafarge remains confident that cement demand will continue to rise in 2012. For the first six months, sales were up five per cent to R7.6bn and operating income 15 per cent to R1bn. However, volumes slipped one per cent to 69.7Mt for cement. In addition they were down two per cent for aggregates to 84.2Mt and seven per cent to 15.7Mt for the ready-mixed concrete segment. Lafarge chairman and CEO Bruno Lafont said, "Eco... |
Holcim: August '1203 September 2012, Published under Cement NewsCement sales during 1H2012 increased from 70.9Mt to 74Mt, up 4.4 per cent YoY, while sales of aggregates and ready-mix concrete fell by seven and 1.3 per cent to 75.6Mt and 22.8Mm3, respectively. As a result, net sales rose 2.1 per cent to CHF10.357bn (US$11.157bn/ R8.591bn). The rise in cement sales is the result of active emerging markets and North American gains. In particular, group companies in India, the Philippines, Thailand and Indonesia benefitted from significantly higher cement s... |
Iberian impairments push Cimpor into a loss31 August 2012, Published under Cement NewsCimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere. EBITDA was down by 15.3 per cent to €267.4m. The deterioration on the Iberian peninsula led to provisions of €270m being taken in respect of the Spanish assets and a further €20m against the downstream assets in Portugal, giving a total value adjustment charge of €407.2m compared with €117m. This led to a trading loss ... |
The US recovery is the one bright spot for Titan30 August 2012, Published under Cement NewsTitan’s first half turnover declined by 1.6 per cent to €547.9m and the EBITDA fell by 21.3 per cent to €112.1m, as the cement producer is caught amid a continued downturn it its domestic market of Greece and US operations prove to be its only bright spot. Titan’s trading profit fell 39.5 per cent to €50.5m, but the net financial charge dropped by 54.9 per cent to €20.5m, reducing the fall in the pre-tax profit to 21.8 per cent to €29.5m. The net attributable profit emerged 65.3 per cent l... |