Cement News tagged under: Results
TCC warns on full-year net loss08 January 2016, Published under Cement NewsTCC International Holdings Ltd said it expects to swing to a net loss for 2015 from a net profit of HKD2.05bn (US$264.5m) in the previous year. The cement producer said the expected loss was due to a 26 per cent decline in the average selling price of its cement products and a weakening Chinese yuan against the US dollar during the year. The company said it will publish its full-year results in March. (Source: Dow Jones Newswires) |
Qalaa Holdings 9M15 revenue driven by energy and cement divisions10 December 2015, Published under Cement NewsQalaa Holdlings reported consolidated revenues of EGP2051.2m in the third quarter of this year, up 19 per cent compared to the same period of 2014. On a nine-month basis, revenues climbed 31 per cent YoY in 9M2015 to EGP6085.5m. Revenue growth in the 9M2015 was driven by both cement manufacturing arm ASEC Cement and energy distribution business TAQA Arabia. TAQA Arabia (energy distribution) posted a 36 per cent rise in revenues to EGP1713.2m in the period, while ASEC Holding (cement ... |
Egypt: Arabian Cement Co reports rise in 9M15 volumes but lower prices03 December 2015, Published under Cement NewsArabian Cement Co (ACC) of Egypt reported a four per cent decline in revenues to EGP1711m (US$219m) for the first nine months of 2015, due to a 12 per cent decline in prices which was partially offset by a nine per cent increase in volumes. Cost per tonne stood at EGP329/t less than the EGP352/t recorded in 9M14. The cost reduction is due to less imported clinker and enhanced energy efficiency. Meanwhile, cost per tonne for the 3Q15 was reduced by 12 per cent YoY to EGP308/t. EBITDA st... |
Romania: LafargeHolcim reports 15.3% rise in 9M15 cement sales27 November 2015, Published under Cement NewsLafargeHolcim increased its cement sales in Romania by 15.3 per cent in the first nine months of the year, especially due to the strong advance of the construction market in Bucharest. Cement prices over the period declined by 0.8 per cent. The aggregates division reported a rise of 72.3 per cent in volume, while prices dropped 15.1 per cent. “The demand in Eastern Europe remained at a high level, especially in countries that are not oil exporters. Volumes have increased in most states ... |
LafargeHolcim reports 9M15 results and outlines 2018 targets25 November 2015, Published under Cement NewsLafargeHolcim today released its first set of results since the closing of its merger, with nine-month performance impacted by merger and restructuring costs, adverse foreign exchange, an economic slowdown in China and Brazil as well as softness in France and Switzerland. Good performances were seen in the US, UK and most countries in Asia-Pacific and Latin America. The group also announced medium-term targets ahead of the Capital Markets Day (CMD) next week. Consolidated net sales in the n... |
LafargeHolcim 3Q15 results expected to reflect headwinds23 November 2015, Published under Cement NewsLafargeHolcim is due to report 3Q15 earnings on Wednesday, Analysts at Davy Stockbrokers said weak 3Q from the building materials giant will not surprise an already cautious market as many of the company’s key end-markets have deteriorated further with little expected in terms of recovery. "Weaker demand and overcapacity are intensifying price pressure at a difficult time for the group. Merging the world's two largest cement producers was never going to be easy, and macro headwinds make th... |
CRH reiterates 2015 guidance19 November 2015, Published under Cement NewsCRH reported that its third-quarter trading environment benefitted from continued positive momentum in the Americas where overall economic recovery is driving construction demand. The backdrop in Europe continues to be mixed but stable. Cumulative sales from continuing operations amounted to EUR15.5bn the nine months to the end of September, an increase of 16 per cent compared with the corresponding period in 2014. EBITDA from continuing operations was EUR1.5bn, an increase of 34 per cen... |
Cimpor hit by the weakness in Brazil19 November 2015, Published under Cement NewsCimpor's nine month turnover declined by 1.2 per cent to EUR1,927.9m and the EBITDA came off by 14.2 per cent to EUR395.1m as cement deliveries in Brazil, Egypt and South Africa fell by 15.8 per cent, 13.8 per cent and 7.7 per cent respectively. Argentina, on the other hand, improved shipments by 9.3 per cent. The trading profit (EBIT) came down by 22.7 per cent to EUR248.5m and the net financial charges declined by 4.6 per cent to EUR274m, to give a pre-tax loss of EUR25.5m compared with... |
Lafarge Malaysia net profit boosted by cement revenue19 November 2015, Published under Cement NewsLafarge Malaysia Bhd, the country's largest cement manufacturer, recorded a 28.9 per cent increase in net profit to MYR70.65m (US$16.30m) for the third quarter ended 30 September 2015 from MYR54.81m, mainly due to higher sales from the cement segment, improved plant performance, and higher foreign exchange (forex) gains. Revenue for 3QFY15 rose slightly to MYR670.88m from MYR664.63m in 3QFY14, thanks to higher revenue from its cement segment which offset the lower revenue from its concrete ... |
KHD Humboldt Wedag nine-month performance17 November 2015, Published under Cement NewsKHD Humboldt Wedag reported a 26.2 per cent decline in consolidated revenue for the first nine months of the year to EUR125.4m, primarily due to the low order backlog at the beginning of the financial year, the company said in its 3Q15 interim report released last week. Significant contributions to revenue in this nine-month reporting period came primarily from projects in Russia and North America. Due to unexpected challenges and the related cost overruns in the execution of some large pr... |