Cement News tagged under: Results
Siam City Cement 2Q net profit falls, Thailand06 August 2012, Published under Cement NewsSiam City Cement Plc (SCCC), Thailand's second-largest cement producer, reported a 30.5 per cent drop in 2Q net profit although sales increased by more than 12 per cent as operating margins were hurt by lower cement prices and higher energy costs. In a filing to the Stock Exchange of Thailand on 2 August, SCCC said its net profit totalled THB809m in the quarter to June compared to THB1.056bn a year before. Net sales, meanwhile, rose 12.2 per cent to THB6.49bn as domestic cement consumption... |
European cement majors: first half trends06 August 2012, Published under Cement NewsThe last week has seen three leading European cement majors release first-half 2012 results: Lafarge, HeidelbergCement and Italcementi. The latest figures appear to confirm the upturn in North America, which, together with the emerging markets, have been the main drivers of demand as parts of Europe remain a drag on performance. While a slower volume growth environment persists, improved pricing and cost reduction measures continue to be central themes. In terms of market performance, wes... |
CRH: July '1203 August 2012, Published under Cement NewsCRH's spending on acquisitions during the first half of the year amounted to €244m. The €155m spent in Europe and Asia included an equity injection into Yatai Building Materials that should enable the Chinese associate to increase its production capacity to 29Mt. The building products division bought three businesses – one each in Germany, Great Britain and Malaysia – while in The Netherlands six builders' merchants branches were purchased. The Portuguese joint venture Secil has been sold, ... |
Italcementi: July '1203 August 2012, Published under Cement NewsItalcementi's 1H turnover came off by 4.9 per cent to €2299.8m while the running EBITDA declined by 11.6 per cent to €328.7m. The trading profit fell by 37.4 per cent to €100.6m, and after an 84.2 per cent increase in the net interest charge to €47.3m and a 39.8 per cent reduction in income from associates, the pre-tax dropped by 59.8 per cent to €55.4m. With a 13.6 per cent increase in the net interest charge to €63m and a loss, rather than a gain, from discontinued activities, the net gro... |
Cemex: July '1203 August 2012, Published under Cement NewsCemex' 1H turnover declined by 2.1 per cent to US$7373.1m, but the EBITDA did improve by 9.4 per cent to US$1273.2m and the trading profit rose by 40.7 per cent to US$611.9m. Net interest payments were one per cent higher at US$691.5m, giving a pre-tax loss of US$79.5m, a reduction in the loss of 68.3 per cent, and the net attributable loss was halved to US$217.4m. Shareholders' funds were declined by 11.4 per cent at the end of June to US$11,251.8m and the net debt declined by 4.3 per cent... |
HeidelbergCement: July '1203 August 2012, Published under Cement NewsThe Bosnian HeidelbergCement subsidiary Tvornica Cementa Kakanj is expecting a volume reduction of between 10-14 per cent this year. This would take consumption down to 40 per cent below the level seen in 2008. Domestic deliveries are expected to be some 15 per cent down on last year. Around 12 per cent of production is now exported, mainly to Croatia. HeidelbergCement's 1H turnover rose by 9.8 per cent to €6580.4m, while the EBITDA only advanced by 0.8 per cent to €911.6m as energy cos... |
Lafarge: July '1203 August 2012, Published under Cement NewsLafarge's 1H turnover increased by an underlying 4.9 per cent to €7614m and the EBITDA rose by 7.8 per cent to €1523m, while the trading profit increased by 14.7 per cent to €1022m. A lower €46m gain was taken on the sale of emission permits in the period. The net attributable profit, after charging restructuring costs and writing €200m off the assets in Greece, tumbled 95 per cent to €13m. Net debt at the end of June was 12 per cent lower at €12,550m and the gearing increased slightly from... |
Ivano-Frankivskcement 2011 results restated07 May 2012, Published under Cement NewsIvano-Frankivskcement finished the full year of 2011 with a net profit of UAH6m, according to a report by Ukrainian News. In 2011, the enterprise increased its net revenue by 23.73% or UAH168m to UAH877m over 2010. As of the end of 2011, the company's assets were valued at UAH 923m. Total accounts receivable as of the end of the year were UAH 216m, its current liabilities UAH258m. According to the latest data, Ivano-Frankivskcement finished 2010 at a loss of UAH 0.8m, its net revenue was U... |
Cimpor02 March 2012, Published under Cement NewsCimpor's turnover edged ahead by 1.6% in 2011 to €2275.3m, but the EBITDA eased by 2.2% to €616.0m. The trading profit declined by 8.9% to €372.8m and after a 33.5% jump in the net financial charge to €80.9m, the pre-tax profit fell by 16.2% to €291.9m. After a tax charge that was 11.5% lower at €85.7m and a minorities charge declined by 19% to €8.0m, the net attributable profit emerged 18.1% lower at €198.1m. The net debt at the end of December was 3.9% higher at €1623m to give a gearing o... |
Holcim02 March 2012, Published under Cement NewsHolcim's 2011 turnover eased by 4.2% to CHF20,744m, but in euro terms there was a 7% increase to €16,790m and in US$ terms there was an 11.9% advance. The operating EBITDA declined by 12.3% to CHF3958m, but measured in euros the reduction was just 2% to €3230m and in US dollars there was a 2.5% increase. The trading profit fell by 26.2% to CHF1933m (€1565m), while the net attributable profit dropped by 76.7% to CHF275m (€222m). The proceeds from the sale of emission rights fell to CHF63m, co... |