Cement News tagged under: Results
Credit Suisse: China materials sector outlook14 August 2012, Published under Cement NewsWith 1H12 earnings season ahead, Credit Suisse believes "surprises are more on the downside for the China material sectors." It expects a "deep loss" in the steel and aluminium sector in general, followed by base metals and Chinese cement names with 1H12 earnings set to decline 30-50 per cent on average; earnings for coal and gold sectors should be more stable on-year, yet, moderate downside risk remains. "Nevertheless, we do not believe the negative earnings would be too much of a negative ... |
India Cements 1Q net profit drops 39.2%14 August 2012, Published under Cement NewsIndia Cements Ltd today said that it has reported a decline of 39.2 per cent in its net profit for the first quarter ended June 2012 at INR62.07 crore. The net profit of the company stood at INR102.03 crore during the same period a year ago, said India Cements in its filing to the Bombay Stock Exchange on August 13, 2012. Meanwhile, the company has said it is exploring at possibilities of exports to Sri Lanka and South African countries. Speaking to Business Standard of India, N Srini... |
Kuwait Cement first half net profit rises14 August 2012, Published under Cement NewsKuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.84m (US$31.3m) for the six months ended June 30, 2012, slightly up from KWD8.69m a year earlier. The cement producer reported earnings per share (EPS) of 14.31 fils for the first half of 2012, compared to 14.04 fils a year ago. For the second quarter of 2012, the company's net profit stood at KWD3.71m, down from KWD3.81m in the same period last year. The total assets rose to KWD 266.6m at end-June 2012 ... |
Fujairah Cement reverses loss, increases sales, UAE13 August 2012, Published under Cement NewsFujairah Cement reported increased sales in the six months to June 2012 of 16 per cent to US$$83.6m in the six months to June 30 and it reversed a $2.4m loss last year into a $5.5m profit. Earnings per share also climbed to 1.55 cents (5.7 fils), compared to a loss of 0.68 cents (2.5 fils) last year. Despite this, however, the company said that the recession that has been felt in the construction sector is "continuing". A statement accompanying the firm's results from general manage... |
Taiheiyo Cement falls 7% on weaker April-June operating profit13 August 2012, Published under Cement NewsShares in Taiheiyo Cement Corp opened lower Monday, weighed down by the firm's announcement on Friday that it recorded a JPY490m (US$6.3m) operating profit for the April-June quarter, an improvement over the previous year's JPY1.2bn loss but lower than the JPY1bn profit predicted by The Nikkei. |
Hilal Cement’s net profit drops, Kuwait13 August 2012, Published under Cement NewsHilal Cement’s net profit dropped to KWD 295,166 (US$1m) for the first half of 2012 from KWD808,427 a year earlier, the company said in a bourse filing. The company reported earnings per share (EPS) of 4 fils, compared with 8 fils. The total assets stood at KWD21.9m at end-June 2012, slightly up from KWD21.4m a year earlier. |
China Resources Cement 1H net down 69%13 August 2012, Published under Cement NewsChina Resources Cement said its profit attributable to owners dropped 68.9 per cent YoY to HK$635m (US$81.9m) for the six months ended 30 June 2012. Turnover was up 9.8 per cent from a year earlier to HK$11.03bn. Consolidated gross margin was 20.8 per cent, representing a decrease of 12.3 percentage points from 33.1 per cent for the corresponding period last year. |
Middle East market developments13 August 2012, Published under Cement NewsCement producers in the Gulf Cooperation Council (GCC) nations witnessed a 24.3 per cent increase in revenues in the first quarter of 2012, reaching US$1.26bn (AED4.62bn) as construction picked up in certain parts of the Middle East. Saudi Arabia continues to be the region's strongest market, but improvements are being seen in the UAE and Qatar is gathering pace. However, a challenging operating environment persists in Egypt. According to a report by Global Investment House (GIH), combine... |
JK Cement reports YoY gains, India10 August 2012, Published under Cement NewsJK Cement reported a healthy growth in earnings on the back of both higher volumes and realisations in the first quarter of the current fiscal. In the June 2012 quarter, the company reported 38 per cent YoY growth in net profits, the Economic Times of India reports. Revenues grew by 21 per cent YoY to INR736 crore mainly due to 15 per cent growth in dispatches and a five per cent increase in realisation per ton. However, on a sequential basis, dispatches were 11 per cent lower compared to... |
YenBai Cement posts second quarter loss, Vietnam10 August 2012, Published under Cement NewsYenBai Cement and Minerals said it incurred a loss of VND5.69bn (US$271,000) in the second quarter of this year, marking its fifth consecutive quarter of losses Revenues declined five per cent on year to VND82bn during the period, the company said in a quarterly financial statement. Higher prime cost to revenue ratio was mainly blamed for the company’s loss, despite an earning of VND3.46bn from other incomes. In the Jan-June period the cement producer made a loss of VND11.47bn on revenues ... |