Cement News tagged under: Results
Semen Indonesia full-year net profit falls24 February 2016, Published under Cement NewsPT Semen Indonesia Tbk reported an 18.7 per cent drop in 2015 net profit to IDR4.52trn (US$336.56m) versus IDR5.56trn a year earlier. In its financial report published Tuesday, the company's 2015 revenues totalled IDR26.95trn, virtually flat from the IDR26.99trn in 2014 amid sluggish demand. The company's president director Suparni attributed the fall in net profits to the increase in electricity and distribution costs, as well as the depreciation of the rupiah against the US dollar, lo... |
Vassiliko Cement expects "significant" improvement in 2015 financial results23 February 2016, Published under Cement NewsVassiliko Cement Works Public Co said it expects to show a "significant" improvement in financial results in 2015 compared to the year before. "The upward trend of the first nine months of 2015 continued in the last quarter, the results of which are expected to be even higher," Cyprus' sole cement producer said in a statement. |
Bestway consolidated turnover up 45.5%22 February 2016, Published under Cement NewsBestway Cement Ltd (BCL) said that its consolidated net turnover for the first half of FY15-16 soared by 45.5 per cent YoY to PKR21.1bn, largely due to the acquisition of Pakcem Ltd, an increase in domestic demand and stable retention prices. The company's gross margin of PKR8.9bn rose by more than 61.9 per cent over the same period last year. Profit before tax for the period amounted to PKR7.6bn, representing a YoY increase of 37 per cent. Consolidated profit after tax also climbed 47 pe... |
China Tianrui Group Cement expects 30% drop in 2015 profit18 February 2016, Published under Cement NewsChinese cement manufacturer China Tianrui Group Cement Co said Thursday it expects its 2015 net profit to drop more than 30 per cent from a year earlier. The decline is attributed to weaker domestic cement demand and lower selling prices. The company, which didn't specify its expected net profit for the year, posted a net profit of CNY564.9m (US$86.6m) in 2014. The 2015 financial results will be released by the end of March, the company said. |
Summit Materials sees volumes and prices increase across most lines17 February 2016, Published under Cement NewsSummit Materials saw volume and prices increase across most lines of business in 2015, with revenue rising by 20.5 per cent led by its West and Cement segments, the company said in a statement. Tom Hill, CEO of Summit, stated: “2015 marked a significant year of progress for our company, in which we meaningfully enhanced our materials exposure, improved our capital position and met or exceeded nearly all our core operating metrics. During the year, we increased our Adjusted EBITDA margin b... |
HeidelbergCement full-year revenue up 7%16 February 2016, Published under Cement NewsHeidelbergCement's preliminary 2015 results show a marked increase in operating income with stable volumes and a seven per cent rise in revenue to EUR13.5bn (US$15.1bn). “ 2015 was by far the best year for HeidelbergCement since the financial crisis”, said Dr Bernd Scheifele, chairman of the Managing Board. “Despite the slowdown of the global economy in the course of the year, we were able to significantly increase our operating income as anticipated. Our strict focus on improving efficien... |
Pakistan: Fauji Cement sees 66% rise in 1HFY16 net profit16 February 2016, Published under Cement NewsFauji Cement Co (FCCL) has a reported a profit after tax of PKR2.77bn (US$264m) during 1HFY16 versus PKR1.668bn during the same period last year, up 66 per cent YoY. During the first half dispatches increased by seven per cent YoY, stemming from rising domestic dispatches – up 13 per cent YoY, due to an acceleration in private sector construction activities and the materialisation of the government's budgeted Public Sector Development Programme (PSDP). However, exports were down 21 per cen... |
Fujairah Cement Industries 4Q net profit up 26%16 February 2016, Published under Cement NewsUAE-based Fujairah Cement Industries (FCI) posted a 26 per cent jump in fourth-quarter net profit of AED26m (US$7.07m) compared to AED8.71m (US$2.37m) in the same period of 2014. FCI’s full-year net profit climbed 96.55 per cent to AED50.65m (US$1m) as compared to AED25.77m (US$1m) in the fiscal year of 2014. The company's sales in 2015 reached AED612.21m, down 0.53 per cent versus AED615.5m. Fujairah Cement generated net profits of AED24.7m (US$6.7m) in the first nine months of 2015, com... |
Buzzi Unicem preliminary figures show revenues rise 6.2 per cent in 201515 February 2016, Published under Cement NewsBuzzi Unicem’s preliminary results for 2015 show a 6.2 per cent rise in revenues to EUR2662m from a year earlier. Thanks to the strengthening of the dollar, which was partly offset by the devaluation of the Russian ruble and the Ukrainian hryvnia, foreign exchange fluctuations had a favourable impact of EUR101m. The group’s net debt fell to EUR1.03bn in 2015 from EUR1.06bn in 2014. It expects from preliminary data that EBITDA will be EUR470m in 2015. Cement volumes for the year rose by... |
ACC full-year volumes impacted by mine closure, slow economic start to year15 February 2016, Published under Cement NewsACC Ltd, part of the LafargeHolcim group, reported a 2.4 per cent decline in 2015 sales volumes to 23.62Mt due to the temporary closure of mines serving its Chaibasa and Bargarh plants in eastern India, and the generally slow pace of the economy earlier in the year. Cement volumes during the final quarter of the year witnessed a turnaround, improving by four per cent YoY to 6Mt. The company’s focus on cost management helped contain overall production costs, despite a contribution to th... |