Cement News tagged under: Results
Yanbu 2Q sales hit by weak demand and strong competition02 August 2017, Published under Cement NewsSaudi-based Yanbu Cement Co's second quarter net profit fell by 49.7 per cent YoY, and 35.5 per cent on a sequential basis, according to a bourse filing. The drop in profits is attributed to lower sales, which resulted from a weak demand and fierce competition. Net profit decreased to SAR80m (US$21.3m) in the three months to the end of June 2017 from SAR159m in the same period a year earlier. Sales were down by 38 per cent YoY to SAR214m during the 2Q17. In terms of Yanbu's first-half ... |
HeidelbergCement volumes and revenues strengthened by Italcementi contribution01 August 2017, Published under Cement NewsHeidelbergCement said its sales volumes of building materials rose substantially in the second quarter as a result of the consolidation of Italcementi. On a pro-forma basis, ie taking into account Italcementi’s deliveries in the same period of the previous year, sales volumes declined slightly. Growth in sales volumes was impaired by fewer working days due to Easter and the end of Ramadan as well as wet weather, especially in the South, Northeast and Midwest of the USA. The group’s cement ... |
Lucky Cement FY17 profit rises 5.78%01 August 2017, Published under Cement NewsLucky Cement has reported a 5.78 per cent YoY increase in full-year profit of PKR13.69bn (US$129.8m) versus PKR12.94bn in FY16, the company informed the Pakistan Stock Exchange. Gross sales increased to PKR61.6bn during FY17 from PKR 55.92bn in the previous year. The company said it incurred distribution costs of PKR1.703bn and administrative expenses of PKR1.021bn versus PKR2.01bn and PKR1.10bn incurred, respectively in FY16. Sales volumes rose by 3.1 per cent YoY to 7.15Mt. While its... |
LafargeHolcim revises its full-year global market forecasts28 July 2017, Published under Cement NewsLafargeHolcim reported improved sales and operating EBITDA adjusted for the second quarter of 2017 on a like-for-like (LFL) basis but has revised down forecasts for growth in its global cement markets, notably due to weaknesses in southeast Asian countries and Nigeria. Nevertheless, the company said it remained on course to hit its 2017 profit targets. Continued earnings growth in 2Q17 saw LFL net sales up by 3.6 per cent supported by sustained pricing momentum and a slight advance in ceme... |
SCG revises down full-year outlook28 July 2017, Published under Cement NewsSiam Cement Group's (SCG) has revised down its sales growth outlook for 2017 as net profits in cement and building materials fell by 29 per cent YoY in the 2Q17. Speaking to reporters in Bangkok on Tuesday, SCG chief executive, Roongrote Rangsiyopash, said the Thai cement market slowed more than the company expected in the period. Domestic cement sales by volume were down seven per cent YoY in the three months to the end of June, following a seven per cent fall the previous quarter. Demand... |
Cemex improves net profit strongly27 July 2017, Published under Cement NewsCemex reported a strong improvement in net profit for the six months to the end of June 2017, but cement volumes eased over the period. First-half turnover was down by 0.2 per cent to US$,703.9m, while EBITDA declined by 6.4 per cent to US$1248.1m.The trading profit, however, improved by 14.2 per cent to US$959.5m while net interest payments increased by three per cent to US$537.5m and the pretax profit improved by 29 per cent to US$451.6m. The net attributable profit rose from US$241.2m ... |
Cemex LatAm sees sharp decline in Colombia27 July 2017, Published under Cement NewsCemex Latin American Holdings' first-half turnover declined by 4.4 per cent to US$642.8m, while EBITDA fell by 25.8 per cent to US$167.7m as the company saw a sharp decline in the Colombian market. At the trading level there was a 32.1 per cent reduction to US$123.1m. After a net interest charge 9.4 per cent higher at US$32.1m, the pretax profit emerged 50.1 per cent lower at US$82.8m. The net attributable profit dropped by 49.2 per cent to US$51.1m. Net debt at the end of June was 8.8 p... |
SIKA achieves record sales27 July 2017, Published under Cement NewsWith sales growth of 8.1 per cent in local currency, Sika achieved a new sales record of CHF2994.9m (US$ 3140.4m) in the first half of 2017. Targeted investments in new products, national subsidiaries and factories as part of Sika's growth strategy provided growth stimuli. In the first half of the year, the negative currency effect (-1.4 per cent) reduced sales growth in Swiss francs to 6.7 per cent. Net profit up 16% Volume growth, together with disproportionately low cost developmen... |
LafargeHolcim reports 2Q earnings growth26 July 2017, Published under Cement NewsLafargeHolcim reported today its fifth consecutive quarter of like-for-like adjusted operating EBITDA growth. Middle East Africa, Latin America and North America regions all contributed to the earnings momentum with the US, Nigeria and Mexico among the notable performers. Net sales were up by 3.6 per cent on a like-for-like basis to CHF6850m (US$7175m) . Despite positive results in India, which continued its recovery post-demonetisation, the Asia-Pacific region was weighted down by pe... |
Anhui Conch issues positive profit alert26 July 2017, Published under Cement NewsIn its latest profit alert announcement, Anhui Conch Cement expects to have a significant improvement in results and record an increase of about 90-110 per cent in its net profit for the six months ended 30 June 2017 as compared to that for the corresponding period in 2016. Taking into account the holding of about 36.78 per cent equity interest in Conch Cement by Conch Holdings and the level of the Group's profit attributable to Conch Holdings for FY2015 and FY2016, the group is forecast ... |