Cement News tagged under: Results
Holcim Liban posts steep fall in 1H profit08 September 2015, Published under Cement NewsCement producer Holcim Liban posted an unaudited net profit of US$2m in the first half of 2015, down 78.3 per cent from net earnings of US$9.4m in the same period of 2014. The firm’s sales totaled US$66.7m in the first half, a decline of 28.5 per cent from US$93.2m in the same period of 2014. Gross profit margin reached 28 per cent in the first half of 2015 relative to 30.7 per cent in the same period of 2014. Holcim’s assets totaled US$275.1m at the end of June 2015, representing a decr... |
Siam Cement Group to miss full-year revenue target02 September 2015, Published under Cement NewsSiam Cement Group, Thailand's largest industrial conglomerate, expects to miss its revenue target of THB480bn (US$13.42bn) this year as consumers' purchasing power has declined amid a continued poor global economic outlook, Bangkok Post reported, citing chief executive Kan Trakulhoon. |
Cementos Argos’ 2Q EBITDA advances 45% YoY28 August 2015, Published under Cement NewsCementos Argos’ consolidated EBITDA increased by 45 per cent in the second quarter of 2015, reaching COP371bn. Consolidated revenues grew 26 per cent YoY to COP1.8trn, The US regional devision recorded an EBITDA of US$35m, up 44 per cent YoY. Net income for the quarter jumped 211 per cent to COP142bn. Year-to-date cement dispatches increased by 14 per cent to 6.8Mt while ready-mix concrete volumes rose by four per cent to 5.5Mm3. Colombia In Argos’ domestic market of Colombia, c... |
Boral's pre-tax profit rises by 38.9%28 August 2015, Published under Cement NewsBoral's turnover in its financial year to the end of June 2015 declined by 15.2 per cent to AUD4415m (EUR2893m) but the EBITDA improved by 8.8 per cent to AUD605m (EUR396m). The trading profit advanced by 21.4 per cent to AUD357m (EUR234m) and after a net interest charge 22.9 per cent lower at AUD64m (EUR42m) the pre-tax profit rose by 38.9 per cent to AUD293m (EUR192m). The net attributable profit increased by 48.6 per cent to AUD257m (EUR168m). Net debt at the end of June was increased ... |
Bamburi first-half pretax profit jumps 94%28 August 2015, Published under Cement NewsBamburi Cement reported a 94 per cent jump in first-half pretax profit from a year earlier to KES4.5bn (US$43m). According to Reuters, the company attributed the strong performance to growth in demand in its two main markets, Uganda and Kenya, cost cutting and gains in its dollar-based liquid assets due to a steep weakening of the Ugandan and Kenyan currencies. Turnover grew to KES19.3bn from KES17.3bn a year earlier on the back of infrastructure investments. Exports to other African marke... |
CRH's first-half driven by the Americas27 August 2015, Published under Cement NewsCRH's first half turnover advanced by 12.6 per cent to €9,370m and the EBITDA improved by 9.9 per cent to €555m. The trading profit increased by 11.2 per cent to €189m and after a net interest charge 8.6 per cent higher at €139m, the pre-tax profit increased by 3.3 per cent to €63m. The net attributable result improved by €1m to €46m. Net debt at the end of June was 67.3 per cent lower at €1212m, giving a gearing level of 9.7 per cent, which compares with 39.9 per cent a year earlier. ... |
CMS Bhd reports stable earnings, Malaysia27 August 2015, Published under Cement NewsCMS Bhd (CMSB) reported a total revenue of MYR867.84m (US$206m) for the first half of 2015, a rise of 14.7 per cent on the MYR756.6m recorded a year earlier. Pretax profit in the first half of 2015 remained stable at MYR161.72m (versus MYR164.84m in 1H14). The group’s profit after tax and non-controlling interests was MYR98.08m, down 6.7 per cent from the MYR105.11m posted a year earlier which had benefitted from the impact of land sales. The company said the main contributors towards p... |
Semen Indonesia's profit may ease this year27 August 2015, Published under Cement NewsSemen Indonesia expects its net profit to drop this year as slowing demand and rising costs put pressure on the company's margin. "We expect revenue to be maintained [at the same level as last year's]. However, our EBITDA margin might be squeezed by around three per cent and our profit might be lower by about two per cent," Semen Indonesia president director Suparni told the Jakarta Post. Suparni told reporters on Tuesday that while he was upbeat infrastructure projects would progress i... |
FLSmidth updates full-year guidance26 August 2015, Published under Cement NewsFLSmidth’s order intake and revenue showed solid growth in the second quarter of this year supported by currency developments. However, the company noted that the outlook for the global mining industry has deteriorated in recent weeks, which has had an adverse impact on management's assessment of business risks and earnings in 2015. During the second quarter, the order intake increased 13 per cent YoY to DKK5259m. The order backlog decreased 17 per cent to DKK18,105m. Revenue rose four... |
Higher production costs take toll on TPCC's half-year results26 August 2015, Published under Cement NewsTanzania Portland Cement Co (TPCC) posted a net profit of TZS22.17bn (US$10.4m), down 18.3 per cent from the TZS27.14bn recorded during the corresponding period last year. First half revenue climbed to TZS135.74bn as sales increased, but the increased cost of sales and insurance proceeds a took toll on profitability. TPCC Chairman, Jean-Marc Junon, said: "The operating profit for the period was impacted by increased production costs especially on raw materials and fuel due to depreciation ... |