Cement News tagged under: Results
HeidelbergCement improves margins and profit18 March 2016, Published under Cement NewsHeidelbergCement's turnover increased by 6.7 per cent last year to EUR13,465m and the EBITDA improved by a 14.2 per cent to EUR2612.7m and the trading profit advanced by 15.7 per cent to EUR1846.1m. After a 14.3 per cent reduction in net interest payments to EUR396.3m, the pre-tax profit rose by 41.1 per cent to EUR1313.4m and the net attributable profit jumped by 64.7 per cent to EUR800.1m after a 54.3 per cent higher tax charge and a minorities charge of 9.2 per cent lower at EUR183.1m.... |
Vicat’s profits declines in most markets15 March 2016, Published under Cement NewsFrench cement major Vicat saw its profits decline in most markets last year with the USA and India being the only exceptions. Turnover improved by 1.5 per cent in 2015 to EUR2457.9m and EBITDA was up by the same percentage to EUR448m, while at unchanged parameters there would have been declines of 4.4 per cent and 4.3 per cent, respectively. The trading profit fell by 4.8 per cent to EUR249.7m, with the reduction at unchanged parameters being 10.4 per cent as the stronger dollar had ... |
CRC attributable profit drops 76% YoY15 March 2016, Published under Cement NewsChina Resources Cement (CRC) said its profit attributable to owners for the year ended 31 December 2015 dropped 75.9 per cent YoY to HKD1015m (US$130.8m). Turnover was HKD26,779m, a decrease of 18 per cent from a year earlier. The consolidated gross margin was 24 per cent, representing a decrease of 7.3 percentage points from 31.3 per cent for 2014. The average selling price of cement last year was HKD269.9/t, down 20.2 per cent over 2014. The company noted that during 2015, demand for ... |
DG Khan: southern expansion progressing well15 March 2016, Published under Cement NewsPakistan producer DG Khan Cement has reported that its southern expansion project is progressing well and is scheduled for commissioning in 2QFY18. The 2.7Mta plant, which will involve an investment of US$275m, is being established in the Balochistan province of Pakistan. According to the company's half-year results, a letter of credit for the mills and and packing plant has been opened in favour of Loesche GmbH and Haver & Boecker of Germany. Civil work contracts for the project have be... |
Cementir reduces debt but also net profit11 March 2016, Published under Cement NewsCementir Holding's turnover in 2015 recovered by 2.2 per cent to EUR969.0m, but EBITDA emerged just 0.8 per cent ahead at EUR194m. The trading profit, however, declined by 6.3 per cent to EUR97.61m while the net interest line went from a negative EUR4.6m to a positive EUR4.0m and the pretax profit improved by 2.2 per cent to EUR101.6m. Higher tax and minorities charges gave a net attributable profit 5.8 per cent lower at EUR67.5m. Net debt at the end of 2015 was 20.2 per cent lower at EUR... |
TCL reports second consecutive year of record revenues11 March 2016, Published under Cement NewsTrinidad Cement Co Ltd said it recorded its highest ever revenue of TTD2.1bn (US$319m), an increase of TTD12.4m compared to a year earlier despite facing increased competition. The increase represents the second consecutive year of record revenues The 2015 revenue growth was mainly driven by a 12 per cent rise in cement sales volumes in Jamaica and a 16 per cent increase in clinker sales volumes. Pro fit after tax amounted to TTD428.7m compared with losses of TTD211m in the prior year w... |
Bamburi Cement full-year pretax profit rises 46%11 March 2016, Published under Cement NewsKenya's Bamburi Cement posted a 46 per cent rise in full-year pretax profit to KES8.46bn (US$83.51m), helped by increased sales and investment income and foreign exchange gains. The LafargeHolcim group company said turnover rose by nine per cent to KES39.2bn. Bamburi said it made a foreign exchange gain of KES104m from a loss of KES170m in 2014, while investment income rose to KES374m from KES349m. "Turnover increased ... driven by increased demand in the key domestic markets in Kenya an... |
Breedon's full-year trading performance09 March 2016, Published under Cement NewsBreedon Aggregates Ltd reported continued improvement in trading performance for full-year 2015, with record results from both England and Scotland. Group revenue increased by 18.1 per cent to GBP318.5m as the UK construction sector continued to recover. Breedon reported that trading conditions in England remained stronger than in Scotland, but both divisions delivered record results in 2015. Group underlying EBITDA increased to GBP54.9m and its underlying EBITDA margin improved to 17... |
CRH full-year sales 25% ahead03 March 2016, Published under Cement NewsCRH's turnover rose by 25 per cent in 2015 to EUR23,635m while the EBITDA advanced by 35.2 per cent to EUR22198m. The trading profit increased by 39.3 per cent to EUR1277m. The net interest charge rose by 19.9 per cent to EUR295m and there was a EUR101m gain on disposals, compared with EUR77m in 2014, which led to a pre-tax profit 35.7 per cent higher at EUR10331m. The net attributable profit was 24.4 per cent ahead at EUR724m. Net debt at the end of December was 57.3 per cent higher at EU... |
Jamaica: CCCL posts higher full-year earnings03 March 2016, Published under Cement NewsCaribbean Cement Co Ltd (CCCL) posted JMD1.54bn (US$12.7m) in earnings for year ending December 2015, compared to the JMD139m a year earlier. The increase by the Jamaica-based producer, part of the TCL Group, comes despite big severance payouts. The separation of some former managers and voluntary redundancies late last year cost CCCL JMD436m. Among these, Anthony Haynes, who resigned from office as general manager last April to make room for Alejandro Varés as the new head, was the most ... |