Cement News tagged under: Results
Nigeria: CCNN full-year profit rises 23.1%18 August 2015, Published under Cement NewsThe Cement Company of Northern Nigeria (CCNN), part of BUA Group, has declared a post-tax profit of US$9.64m for the 2014 financial year, increasing by 23.1 per cent YoY. CCNN chairman, Abdulsamad Rabiu, said that despite lower cement sales recorded in the last quarter of 2014 mainly due to pockets of unrest in CCNN's business markets, the company's focus on efficiency and strategic investments resulted in steady growth during the period. CCNN's production and operational expenses de... |
Shanshui Cement issues first-half profit warning, China17 August 2015, Published under Cement NewsShanshui Cement on Friday said it expects to record a loss in net profit for the six months ended 30 June 2015 compared to the net profit of the same corresponding period in 2014, adding that the loss is expected to be "relatively significant." Management attributes the loss to two main factors. Firstly, the group has seen sluggish cement demand in the regions where it operates, particularly in the northeastern and Shanxi regions. Secondly, severe overcapacity led to a "substantial" decr... |
Pakistan: Attock full-year profit rises17 August 2015, Published under Cement NewsAttock Cement reported an after-tax profit of PKR2.21bn (US$21.7m) in FY14-15, up 9.5 per cent compared to PKR2bn in the last fiscal year. Revenues climbed 4.3 per cent to PKR13bn during the review period compared to PKR12.5bn, AKD Research said in its report. The company’s gross margins, which improved by 407 basis points to 33.6 per cent in FY15, also contributed to the net earnings, the report said. The results were accompanied with an announcement of the company’s expansion plans. In ... |
Holcim Philippines net quarter down 7.5% YoY10 August 2015, Published under Cement NewsHolcim Philippines Inc said Monday second-quarter net profit was down 7.5 per cent YoY, hurt by rising expenses. Holcim said the April-June quarter net profit declined to PHP1.5bn (US$33.5m) from PHP1.65bn in the year-earlier period. Second-quarter revenue rose 6.8 per cent YoY to PHP9.42bn, around half the pace of the 12 per cent YoY increase in expenses to PHP7.29bn. In the first half, net profit was down 8.9 per cent YoY to PHP3.03bn even as revenue increased 7.3 per cent to PHP18.10... |
China Resources 1H attributable profit falls 25.6%10 August 2015, Published under Cement NewsChina Resources Cement said its profit attributable to owners for the six months ended 30 June 2015 dropped 25.6 per cent YoY to HK$1530.2m. The basic earnings per share were HK23.4 cents. The turnover was HK$13,404m a decrease of 11.6 per cent from a year earlier. The consolidated gross margin was 25 per cent, representing a decrease of 6.9 percentage points from 31.9 per cent for the corresponding period last year, which was mainly attributable to the lower selling prices of cement and c... |
National Cement Co first half ahead 4.7%07 August 2015, Published under Cement NewsNational Cement Co (NCC) posted a net profit of AED70.2m (US$19.11m) in the first half of 2015, a rise of 4.7 per cent from AED67m (US$18.24m) in the corresponding period from last year. NCC’s profits for Q2-15 saw a marginal increase to AED33.73m compared to AED33.13m in the same period in 2014, according to a filing to the Dubai Financial Market (DFM) on Thursday. The cement firm previously posted a 7.4 per cent rise in net profits for 1Q15 to AED36.46m compared to AED34m in 1Q14. |
RAK Cement reports first-half profit drop07 August 2015, Published under Cement NewsRas Al Khaimah Cement reported a 22.3 per cent profit drop to AED2.45m ($667,000) in the first half of 2015, compared to AED3.15m (US$858,000) in the same period of 2014, according to a filing to the Abu Dhabi Securities Exchange. |
Asia Cement 1H profit plunges, China06 August 2015, Published under Cement NewsAsia Cement (China) said its profit attributable to owners for the six months ended 30 June 2015 plunged 97.4 per cent YoY to CNY9.85m, attributable to the decrease in average selling price of the company's products. The revenue was CNY3006m, a decrease of 23.1 per cent from a year earlier. The gross profit margin on revenue dropped to 14 per cent from 24 per cent. |
Gulf Cement 1H profit down 29%, UAE06 August 2015, Published under Cement NewsGulf Cement Company reported a 29.34 per cent drop in first-half profit drop to AED30.89m (US$48.4m), compared to AED43.7m (US$12m) in the same period of 2014. On a more positive note, second quarter profit increase from AED15.75m versus AED9.3m in 2Q14 according to Abu Dhabi Securities Exchange. The company previously reported profits of AED15.14m in 1Q15, compared to AED53m in 1Q14, registering a sharp decline of 71.4 per cent YoY. Gulf Cement Co's plant in Ras Al Khaimah started with... |
Buzzi Unicem: strong growth in America05 August 2015, Published under Cement NewsBuzzi Unicem's first-half turnover improved by 4.9 per cent to EUR1238.2m and EBITDA rose by 20.3 per cent to EUR166.6m. The depreciation and impairment charges came down by 22.4 per cent to EUR96.5m as the writing off goodwill in Ukraine was not repeated. The first half trading profit recovered further from EUR14.1m to EUR70.1m, but the interest charge rose by 10.3 per cent to EUR51.8m and the pretax loss of EUR11.1m a year ago was turned into a profit of EUR54.1m. After a tax charge 82... |