Cement News tagged under: Results
Indonesia: Semen Baturaja reports double-digit sales growth03 March 2016, Published under Cement NewsSemen Baturaja achieved a 20.66 per cent rise in cement sales last year to IDR1.46trn (US$109.32m), the Indonesian stated-owned cement company has said. The sales growth has enabled the company to see its net profit increase by 5.43 per cent to IDR354.67bn throughout 2015. The government's focus on infrastructure projects is seen as benefitting cement companies that support construction and infrastructure firms. Sales of Semen Baturaja's bulk cement, often used in government infrastruct... |
Dangote Cement full-year boosted by new African plants02 March 2016, Published under Cement NewsDangote Cement posted a 25.6 per cent rise in 2015 revenues to NGN491.7bn (US$2.47bn) as new plants performed strongly across Africa, the company reported yesterday. New production facilities opened by the group in Senegal, Cameroon, Ethiopia and Zambia made their first contributions to the business in 2015 and as a result, volumes rose by 35 per cent to 18.9Mt. “New factories performed very successfully across Africa, gaining significant market share against long-established incumbents,” ... |
Holcim Philippines net profit surges 58% YoY02 March 2016, Published under Cement NewsHolcim Philippines Inc said Wednesday net profit in 2015 surged 58 per cent YoY to PHP8.1bn (US$171m) on strong sales and a large one-off gain on investment. The company said it booked a PHP2.6bn advance from the revaluation of an investment in an affiliate while revenue rose 15 per cent to PHP37.5bn due to increased government spending in infrastructure projects and higher construction activity. Holcim Philippines Inc has an estimated cement capacity of 8.6Mta. It is also investing US$... |
CMS cement division sees decline in pretax profit02 March 2016, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) of Malaysia said group revenue rose seven per cent to MYR1.79bn (US$430m) in 2015 from MYR1.67bn a year earlier, mainly driven by the Construction Materials & Trading Division and Construction & Road Maintenance Division. Group pretax profit increased by 12 per cent to MYR381.65m in 2015 from MYR341.45m in 2014, primarily due to higher revenue recorded by the two previously-mentioned divisions and higher share of results of associates contributed by a newly-ac... |
Lafarge Malaysia sees stable 2015 pretax profit01 March 2016, Published under Cement NewsLafarge Malaysia Bhd reported a pretax profit of MYR345.157m (US$82.86m) for the financial year ended 31 December 2015 versus MYR345.183m a year earlier. Revenue rose to MYR2.75bn, up from MYR2.743bn previously, the company said in a filing to Bursa Malaysia. Meanwhile, 4Q15 pretax profit decreased by 7.8 per cent mainly due to the one-off acquisition expenses incurred as well as higher finance cost arising from the borrowings for the acquisition of subsidiaries, it said. Lafarge Mal... |
Sabanci net profit up 7.6% in 201501 March 2016, Published under Cement NewsTurkish conglomerate Sabanci Holding posted a net profit of TRL2.236bn (US$750m) in 2015, up 7.6 per cent from a year earlier, it said in a filing to the Istanbul stock exchange on Monday. The holding's sales rose 10 per cent to TRL30bn in the same period. The company further said it is looking to hold an initial public offering of its energy company and a secondary float of shares in its retail unit. The timing of the offerings is still uncertain due to market conditions, CEO, Zafer Kurtu... |
Cimpor books major loss in 201526 February 2016, Published under Cement NewsCimpor's turnover declined by 4.3 per cent in 2015 to EUR2492.7m while EBITDA came off by 18.6 per cent to EUR525.7m. The trading profit emerged 30.2 per cent lower at EUR313.3m and the net financial charge increased by 9.3 per cent to EUR406.1m, giving a pretax loss of EUR92.8m compared with a profit of EUR77.3m in the previous year. A EUR12.4m tax credit helped to reduce the net attributable loss to EUR71.2m compared with a profit of EUR27.2m in the previous year. Net debt at the end of... |
Kenya: EAPCC issues profit warning26 February 2016, Published under Cement NewsKenya-based East African Portland Cement Co (EAPCC) expects its profit to fall by more than a quarter in the financial year ending June 30 citing year-earlier gains on land sales, Reuters reported yesterday. "The unrealised fair value gain on investment property and the gain on disposal of land will not recur this financial year," EAPCC said in a statement. The company's pretax loss widened to KES745.02m (US$7.33m) in the first half on higher finance costs and foreign exchange losses. EAP... |
Cementos Argos reports solid final quarter performance25 February 2016, Published under Cement NewsCementos Argos reported a solid performance in 4Q15, with double-digit growth in consolidated revenues and a significant increase in consolidated EBITDA. The growth resulted not only from increased volumes in most regional divisions but also from a recovery in the USA group area, structural improvements in efficiencies and a well implemented price strategy, the company said. Consolidated revenues in 4Q15 rose 54 per cent compared to the same period of last year to reach COP2.2trn. EBITDA i... |
Pakistan: Pioneer Cement reports earnings of PKR988m in 1HFY1625 February 2016, Published under Cement NewsPioneer Cement Ltd reported first-half earnings of PKR988m (US$9.45m) versus PKR1.292bn a year earlier, translating into a decline of 24 per cent. In a communication to the Pakistan Stock Exchange, the company said turnover rose from PKR3.9bn to PKR4.37bn over the half-year period. Distribution costs climbed to PKR28.15m from PKR25.96m in 1HFY14-15 but financing costs fell to PKR12.74m from PKR33.68m in the comparative period of the previous year. Revenues rose by 11.4 per cent YoY. Pionee... |