Cement News tagged under: Results
CNBM reports 56% drop in first-half profit, China25 August 2015, Published under Cement NewsChina National Building Materials (CNBM) reported a 56 per cent decline in net profit for the first half of 2015, in line with the recent profit warning. JP Morgan's Asia Metals and Mining Analyst, Daniel Kang, notes that excluding a positive contribution from fair value adjustments to financial assets, a loss would have been reported. Operating cash flow fell 16 per cent YoY and restrained capex allowed a positive FCF to be maintained, albeit a hugely reduced figure, -76 per cent QoQ... |
Dangote Cement24 August 2015, Published under Cement NewsDangote Cement reported a 15.9 per cent YoY increase in first-half 2015 revenue, as production at its non-Nigerian factories ramps up. Net profit over the period grew by 27.6 per cent to NGN121.8bn (US$614m) while EBITDA expanded by 14 per cent to NGN147.5bn. Group cement sales volumes were up by 13.7 per cent to 8.1Mt with strong market share gains being noted in South Africa and Senegal. The Nigerian market accounted for NGN207.8bn of revenue with cement sales dropping by 7.5 per cent to... |
Malaysia: YTL Corporation Bhd full-year pretax profit down 15.7% YoY24 August 2015, Published under Cement NewsYTL Corporation Bhd's pre-tax profit for the financial year ended 30 June 2015 fell to MYR2.37bn (US$562m) from MYR2.81bn a year earlier. Revenue decreased to MYR16.8bn from MYR19.3bn previously, the company said in a filing to Bursa Malaysia On its outlook, YTL Corp expects to achieve overall satisfactory performance for the financial year ending 30 June 2016 in construction, information technology and e-commerce businesses, cement manufacturing and trading, property investment and develo... |
China: Huaxin first-half profit plunges 82%24 August 2015, Published under Cement NewsHuaxin Cement reported 1H15 net profit of CNY89m, down 82 per cent YoY, in line with the company’s guidance at the end of July indicating a drop of 80-85 per cent. The Holcim group company said thesix-month decline was attributed to lower clinker and cement prices (-12 per cent YoY) offsetting higher sales volumes (23Mt, +1.4 per cent YoY, together with increaesd finance expenses (+9 per cent YoY). Revenue declined by 11 per cent YoY to CNY6.4bn, but this was partially offset by lower cos... |
AdBri sees strong rise in half-year profit21 August 2015, Published under Cement NewsAdelaide Brighton Ltd reported net profit after tax for the half year ended 30 June 2015 of AUD82.6m, an increase of 61.3 per cent compared to the previous corresponding period. Adjusted fo significant items, the underlying advance was 5.6 per cent to AUD83m. Property transactions contributed AUD12m to net profit. Revenue of AUD678.1m was 12.6 per cent higher YoY supported by higher cement and lime volumes, improved prices, property revenue and the contribution from acquisitions complete... |
Cimpor's 1H cement sales rise, but volumes drop19 August 2015, Published under Cement NewsCimpor's first-half turnover increased a 4.8 per cent to EUR1302.8m, while EBITDA declined by 3.3 per cent to EUR279.2m. The amortisation and provision increased by 10.1 per cent to EUR100.6m and the trading profit declined by 9.5 to EUR178.6m and after a 5.5 per cent decline in the net financial charge to EUR166.8m led to a pre-tax profit of a 43.4 per cent to EUR11.8m. After a 32.2 per cent increase in the improve tax and a 5.8 per cent decline in the interim loss the net interim loss o... |
Sumitomo Osaka Cement reports strong quarterly rise19 August 2015, Published under Cement NewsJapan's Sumitomo Osaka Cement Co Ltd reported a 26.8 per cent YoY rise in operating profit to JPY4.43bn (US$35.7m) over the April-June quarter. Sales during the period climbed to JPY56.78bn, up six per cent over the same quarter of last year. Earnings per share rose to JPY7.68, up from last year's JPY5.69 for the same quarter. The cement producer has announced it is to raise capacity at its Kochi plant in western Japan by some 0.2Mta, with completion scheduled for 2017. |
GCC sees higher volumes and bettter pricing19 August 2015, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reported a 19 per cent rise YoY in second-quarter net sales to MXP3051m (US$186m) on the back of higher volumes and a better pricing environment both in its Mexican and US markets. In the US, sales rose by 19.6 per cent in the quarter, totalling MXP2190.3m. This reflected the two per cent rise in cement sales driven by deliveries in Minnesota, Texas, Iowa and South Dakota. Ready-mix volumes remained at the previous year’s level as adverse weather conditio... |
Cherat Cement FY14-15 profit dips two per cent18 August 2015, Published under Cement NewsCherat Cement Co Ltd reported a profit after tax of PKR1.288bn (US$12.6m) during FY14-15, down two per cent from a year earlier, the company said in a notice to the Karachi Stock Exchange. According to a report by Al Habib Capital Markets, during the year the privately-owned cement producer reported a modest two per cent YoY rise in its top line. A decline in dispatches (particularly export sales) was partially mitigated by a rise in net retention price. Gross profit margins remained... |
West China Cement first-half profit plummets18 August 2015, Published under Cement NewsWest China Cement Ltd’s net profit slumped 99 per cent in the first half as China's economic slowdown took a toll on cement consumption. The company said first-half net profit fell to CNY2.4m (US$375,120), down from CNY160.2m a year earlier. Its revenue fell 15.4 per cent to CNY1.69bn from HK$2.00bn a year earlier. |