Cement News tagged under: Results
Tabuk and Al Jouf net profit dragged down by lower demand08 August 2017, Published under Cement NewsSaudi-based producers Tabuk Cement and Al Jouf Cement have reported a decline in second quarter net profit due in part to lower demand. Tabuk Cement, which operates a 1.2Mta plant in Duba, said net profit fell by 93.84 per cent YoY to SAR1.3m (US$346,619). Quarter-on-quarter, net profits fell 85.06 per cent. The smallest of Saudi’s established grey cement producers, Tabuk Cement attributed the decrease to lower demand and prices. In the first half of 2017, net profits declined 76.42 per c... |
Holcim Indonesia half-year sales decline 10% YoY07 August 2017, Published under Cement NewsHolcim Indonesia reported a 10 per cent decline in sales to IDR4288bn in the first half of 2017 due to “tough market conditions exacerbated by the timing of Ramadan,” the company said in a statement. The subdued domestic economy and oversupplied market environment continued to suppress prices. However, the cost of sales was down by nearly two per cent reflecting the implementation of cost efficiency programmes by the company. Domestic cement consumption over the first six months of 2017 ... |
Siam City sees weaker domestic demand07 August 2017, Published under Cement NewsSiam City Cement Co recorded an 80 per cent decline in second-quarter net profit with the fall being attributed to rising costs and weaker demand in its home market of Thailand. Revenue during the 2Q17 rose by 39 per cent to THB10.8bn (US$324.4m) compared to the same period of last year but net profit fell to THB246m from THB1.2bn a year earlier. For the first half of the year, total revenue was up by 34 per cent to THB21.4bn. President and chief executive of SCC Siva Mahasandana said the ... |
China Resources Cement sees substantial rise in 1H attributable profit07 August 2017, Published under Cement NewsChina Resources Cement said its profit attributable to owners for the six months ended 30 June 2017 surged to HKD1639.8m, translating into an increase of over 500 per cent from the comparative period of the previous year. JPMorgan, in its report, considered that the substantial rise was mainly attributed to higher product prices and exchange gain. Turnover amounted to HKD13,188.4m, an increase of 16.6 per cent from a year earlier. Gross profit grew 44.4 per cent YoY to HK$3895.6m. ... |
Buzzi Unicem’s profit boosted by lower interest costs04 August 2017, Published under Cement NewsBuzzi Unicem's first half turnover improved by 7.3 per cent to EUR1353.8m and EBITDA advanced by 8.4 per cent to EUR241.1m. Group cement deliveries improved by 2.3 per cent to 12.5Mt, while ready-mixed concrete deliveries rose by six per cent to 5.9Mm³. The depreciation and impairment charges advanced by 16.1 per cent to EUR108.6m and the first half trading profit was ahead by 2.8 per cent to EUR132.5m. The interest charge dropped by 66.3 per cent to EUR12.3m and the pre-tax profit rose by... |
Vicat suffers from currency weakness in several countries04 August 2017, Published under Cement NewsVicat's first half turnover edged ahead by 0.8 per cent to EUR1248m, or by 0.9 per cent on a comparative basis, but the EBITDA declined by 8.7 per cent to EUR188m and the margin declined from 16.7 per cent to 15.1 per cent. The trading profit came off by 16.2 per cent to EUR86m, while the net interest charge was 29.9 per cent lower at EUR12.9m, giving a attributable profit 17 per cent lower at EUR40m. Net debt at the end of the period amounted to EUR1006m, a five per cent reduction, and th... |
Northern Region Cement 2Q net profit down 83%04 August 2017, Published under Cement NewsNorthern Region Cement Co on Wednesday announced that its net profits fell 83 per cent YoY in the second quarter of 2017. Profits fell to SAR8.26m during the three months ending June 2017, from SAR48.66m in 2Q16, according to a bourse filing. On a sequential basis, net profit was down by 49.8 per cent YoY. The Saudi cement company attributed the decrease in its YoY net profits to the increase rising interest rates on debt and the drop in other revenues. Sales went down 55.1 per cent to ... |
Martin Marietta modest first half growth03 August 2017, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first half turnover 8.4 per cent ahead at US$1788m while the EBITDA was ahead by five per cent to US$440m. The trading profit improved by 4.7 per cent to US$290m and after a net interest charge that was 11.4 per cent higher at US$44.9m and other items, the pre-tax profit advanced by 4.5 per cent to US$251m and after a lower tax charge, the net attributable profit advanced by 10.5 per cent to US$184.6m... |
Raysut shareholders agree to sell Oman Portuguese Cement Products03 August 2017, Published under Cement NewsRaysut Cement shareholders have approved a proposal to sell Oman Portuguese Cement Products Co to Opal Development. The decision was taken at an extraordinary general meeting of the company held on 25 July 2017, Raysut Cement said in a disclosure statement posted on the Muscat Securities Market website. Meanwhile, earlier this month, Raysut Cement had announced that its net profit for the first six months of 2017 fell 64.2 per cent to OMR4.62m (US$12m) from OMR12.91m for the same pe... |
Eastern Province Cement 2Q net profit slides03 August 2017, Published under Cement NewsSaudi-based Eastern Province Cement Co (EPCC) said its net profits slid 25.5 per cent YoY in the second quarter of 2017 due to lower volumes and value of cement sales due to a drop in domestic demand. Net profits stood at SAR35m in 2Q17, compared to SAR47m in 2Q16, according to a statement to the Saudi Stock Exchange. Quarter-on-quarter, net profits retracted 30 per cent. Sales tumbled 23.5 per cent to SAR159m in 2Q17, from SAR208m in the same period in the year before. In the first half... |