Cement News tagged under: Results
Lafarge Zimbabwe returns to full-year profit04 April 2017, Published under Cement NewsLafarge Zimbabwe returned to full-year profit for the 12 months ending December 2016 as volumes edged ahead and cost savings in operations, plant maintenance and "better" inventory control, as well as a revaluation of plant property and equipment all contributed to the improved performance. The cement maker posted a net profit of ZMD3.1m (US$8565) in 2016 versus a ZMD1.9m loss in the same period of the previous year. Revenues in 2016 rose marginally to ZMD61m from ZMD60.9m as volum... |
Nepal: Hetauda Cement sees improved pricing environment22 March 2017, Published under Cement NewsNepal-based cement producer Hetauda Cement Factory recorded a profit of NPR40m (US$382,292) in the last fiscal year and is now targeting a profit of NPR200m in the current fiscal thanks in part to higher cement prices. The state-owned cement factory was forced to shut down operations for five months in the previous fiscal due to a shortage of coal triggered by the trade embargo. However, optimism prevails for the year in hand due to a hike in cement prices. Although the cost of produci... |
Lafarge Malaysia earnings expected to bounce back21 March 2017, Published under Cement NewsLafarge Malaysia Bhd’s (Lafarge) earnings are expected to bounce back in FY17 and FY18 on the back of local cement sales growth as well as contributions from its collaboration with the federal government, according to analysis by AmInvestment Bank Bhd quoted in The Borneo Post. Following a disappointing FY16, the investment bank anticipates that Lafarge’s earnings are expected to rise by 44 per cent and 68 per cent in FY17 and FY18, respectively. “Lafarge’s local cement sales is to gr... |
Semen Baturaja full-year profit down 21%, revenue rises slightly21 March 2017, Published under Cement NewsIndonesia state-owned producer Semen Baturaja’s profit declined by 21 per cent in 2016 to IDR274.09bn (US$20.6m) due to revenue growth being lower than its costs, the Jakarta Post reports. Last year Semen Baturaja's revenue rose by 4.1 per cent to IDR1.52trn versus IDR1.46trn a year earlier, while costs increased by 4.4 per cent in 2016 to IDR1.01trn. This year the company anticipates a 23 per cent increase in its sales this year due to a new factory that commenced operations in June. T... |
Lucky Cement posts PKR9.61bn net profit in nine months26 April 2016, Published under Cement NewsLucky Cement Limited, Pakistan, reported net profit of PKR9.61bn (US$91.72m) for the nine months ended March 31, 2016, which is 3.3 percent higher than the same period last year. The company's net sales revenue increased to PKR33.49bn. The increase in net sales revenue was mainly attributable to increase in sales volumes. The local sales volume of the company during the current nine months period registered a growth of 21.9 percent with 3.88Mt compared to 3.18Mt a year earlier, whereas ex... |
UltraTech profits rise 10% in 1Q16, operational costs cut26 April 2016, Published under Cement NewsUltraTech Cement, India reported a 10 per cent YoY rise in consolidated profit after tax for the quarter ended March. The company reported a consolidated net profit of INR7230m (US$108.52m) against 6750m (US$98.63m) in the same period last year, due to a strong operational performance. Net sales in the same period rose 5 per cent to INR68.5bn, from INR65.17bn a year earlier. Total cement demand for the quarter, the company said, grew by 15 per cent. "The operating costs reduced with oper... |
Qatar National first quarter profits slip25 April 2016, Published under Cement NewsQatar National Cement Co. has released an interim financial statement for the three-month period ended March 31, 2016. The statements show that the net profit over the period fell by 1.6 per cent YoY, from QAR125.76m (US$34.53m) to QAR123.79 (USD33.99m). |
Zimbabwe: Lafarge Cement records 2015 loss22 April 2016, Published under Cement NewsLafarge Cement Zimbabwe has said that expects to see a return to profitability in 2016 after recording a loss of US$1.9m in 2015. Announcing its results for the year, Lafarge blamed the economic conditions in the country, including the liquidity crunch and the poor agricultural season. This Day quotes a company spokesperson as saying "We expect the general trading environment to exert sustained pressure on prices due to the ongoing economic stress. However, we anticipate improved profi... |
TPCC profits rise, dividend announced18 April 2016, Published under Cement NewsTanzania Portland Cement Company (TPCC) profit increased by three per cent to TZS56.2bn (US$25.72m) in 2015, despite depreciation of the shilling that had a negative impact on fuel, spares and quarry services, according to a report in the Tanzania Daily News. TPPC, trading on the Dar es Salaam Stock Exchange (DSE) as Twiga cement, said profits rose due to stable domestic cement demand and an increase in production capacity last year which pushed up sales volumes by 22 per cent. The compan... |
Hail Cement profits slips 12 per cent18 April 2016, Published under Cement NewsHail Cement Company, Saudi Arabia, posted a 11.74 per cent decline in net profit for the first quarter of the fiscal year 2016, according to a bourse filing posted Sunday. The cement firm generated SAR33m (US$8.8m) net profit, down from SAR37.5m (US$10m)in the prior-year period. The profit decline was ascribed by the company to a rise in cost of sales due to market volatility. |