Cement News tagged under: Results
Oman: Raysut Cement reports 24% drop in 2015 net profit15 February 2016, Published under Cement NewsRaysut Cement reported a 23.6 per cent drop in 2015 net profit to OMR20.95m (US$54.4m) from OMR27.43m a year earlier. Total revenues edged 0.4 per cent higher last year to OMR94.68m. Gulf Baader Capital Markets (GBCM) said Raysut Cement''s revenue came above its estimates of OMR91.74m. The brokerage company said that despite the drop in Raysut Cement''s exports to Yemen – which accounts for almost 15 per cent of its total sales – the company managed to report good volumes, sales and earnin... |
India: Ambuja Cements reports flat growth in full-year volumes12 February 2016, Published under Cement NewsAmbuja Cements, part of the LafargeHolcim group, reported flat sales growth for the 12 months ending 31 December 2015. The company underlined that during the year the Indian cement market largely remained subdued although there was a 5.2 per cent rise in volumes during the final quarter. However, lower cement price realisation led to overall net sales being down by 5.5 per cent in 2015 to INR9368 crore, compared to INR9911 crore a year earlier. Lower operating costs with improved opera... |
Suez Cement results impacted by lower selling prices, higher energy costs12 February 2016, Published under Cement NewsSuez Cement Co, part of the Italcementi group, reported an 8.3 per cent drop in consolidated revenues for 2015 to EGP5.64bn (US$720m) from EGP6.15bn a year earlier. It recorded a net loss after non-controlling interest of EGP60m, from a prior-year profit of EGP50m. The company said that in the 4Q15, despite the strong demand and a balanced supply and demand situation, selling prices did not keep pace and further declined about three per cent from the prior quarter, cumulating in a 15 per c... |
Gulf Cement Co returns to profit, UAE12 February 2016, Published under Cement NewsGulf Cement Co reported net profits of AED24.54m (US$6.7m) in the fourth quarter of 2015, against losses of AED13.3m (US$3.62m) in the same quarter of 2014, according to a bourse filing on Thursday. Profits reached AED71.44m (US$19.45m) in the fiscal year 2015, a decline of 18 per cent from AED60.57m (US$16.49m) in FY14. The board recommended seven per cent cash dividends or AED 0.7 per share pay-out for the FY15, totalling AED57.49m. |
Pakistan: Cherat Cement 1HFY16 profit rises 6%12 February 2016, Published under Cement NewsPakistan producer Cherat Cement Co reported a profit after tax of PKR676.2m (US$6.48m) in the first half of FY16 versus PKR639.8m a year earlier, which translates to a six per cent YoY rise. The company reported stable dispatches (+1 per cent) stemming from rising domestic sales which were up by 13 per cent YoY. The advance in local dispatches was attributed to an acceleration in private sector construction activity and the partial materialisation of the projects under the government's bu... |
Akmenes posts decline in 2015 revenue08 February 2016, Published under Cement NewsLithuania's sole cement manufacturer Akmenes Cementas posted a decline of around six per cent in 2015 revenue to EUR55.4m from EUR59.2m a year earlier. Nearly 50 per cent of revenue derived from exports, mainly to Poland, Scandinavia and Russia's exclave of Kaliningrad, the Verslo Zinios business daily reported on Friday. “Cement consumption more or less reflects the situation in the Lithuanian construction sector. In 2013 cement consumption rose by approximately 10 per cent whereas in 2... |
Cemex reports positive net income for the first time in six years05 February 2016, Published under Cement NewsCemex announced yesterday that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by two per cent during 4Q15 to US$3.4bn, and increased five per cent for the full year 2015 to US$14.1bn versus the comparable periods in 2014. Operating EBITDA on a like-to-like basis increased by seven per cent during 4Q15 to US$663m, and by nine per cent for the full year to US$2.6bn versus 2014. Cemex said the increase in consolidat... |
Cemex Latin American Holdings profits drop 65%05 February 2016, Published under Cement NewsCemex Latin American Holdings saw turnover decline by 17.3 per cent to US$1427.1m and EBITDA dropped by 22 per cent to US$449.8m with the margin declining from 33.5 to 31.5 per cent. The trading profit fell by 41.2 per cent to US$281.5m and after an 18.5 per cent drop in financial expenses to US$73.7m and other items, the pretax profit dropped by 55 per cent to US$188.5m. After tax and minorities, the net attributable profit emerged 65.1 per cent lower at US$95.9m. The net debt was 9.3 pe... |
Vicat underlying turnover eases by 4.4%05 February 2016, Published under Cement NewsVicat's turnover improved by 1.5 per cent in 2015 to EUR2458m, which translates into an underlying decline of 4.4 per cent on a like-for-like basis. Turnover in cement advanced by 0.8 per cent to EUR1495m, or EUR1256m after deducting inter-group transfers. Aggregates and concrete sales improved by 3.6 per cent to EUR914m, while other activities saw turnover edging ahead by 0.4 per cent to EUR400m. Cement accounted for 53.4 per cent of turnover, little changed from the 53.7 per cent shown ... |
India: Shree Cements reports 10% rise in quarterly net profit03 February 2016, Published under Cement NewsShree Cements reported a 10 per cent rise in standalone net profit at INR10.286bn (US$0.151m) for the quarter ended 31 December 2015 compared to a profit of INR9.368bn a year earlier, it said in a Bombay Stock Exchange filing. Income rose by 18 per cent to INR18.288bn in the October-December quarter versus INR154.45bn during the same quarter last fiscal. Total expenses, however rose by 19 per cent to INR170.71bn. Capacity expansion In a separate filing, Shree Cement said it will ex... |