Cement News tagged under: Results
Vicat’s cement volume declines but cement EBITDA improves05 August 2015, Published under Cement NewsVicat's first-half turnover improved by two per cent to EUR1243.6m, which amounts to a 6.1 per cent reduction on a comparative basis. EBITDA declined by 2.2 per cent to EUR203.1m and the margin narrowed from 17.1 per cent to 16.3 per cent. The trading profit came off by 19.2 per cent to EUR93.3m, an underlying reduction of 25.4 per cent. After a net financial charge 5.9 per cent lower at EUR27.8m and a 40 per cent increase in the income from associates to EUR2.4m, the pretax profit declin... |
Martin Marietta sees higher building volumes05 August 2015, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first-half turnover 46.9 per cent ahead at US$1612.7m, thanks to the initial consolidation of TXI, formerly Texas Industries, and the EBITDA rose by 71.6 per cent to US$303.2m. The trading profit jumped by 102.5 per cent to US$162.5m and after a net interest charge that was 53 per cent higher at US$38.4m and other items, the pre-tax profit emerged at US$126.3m compared with US$52m and the net attribut... |
Vulcan’s profit falls following exceptional gains in previous year05 August 2015, Published under Cement NewsVulcan Materials' first-half turnover rose by 11.8 per cent to US$1526.4m, but EBITDA declined by 31.8 per cent to US$300.2m. The trading profit fell by 44.8 per cent to US$164.59m after the exceptional gain on the disposal of the cement business in the previous year. After a net interest charge nine per cent lower at US$146.1m, the pretax profit dropped by 86.6 per cent to US$18.9m. The net attributable earnings line went from US$100m to US$8.5m. Net debt was increased by 10.8 per cen... |
Wet weather dampens Eagle Materials' 1Q04 August 2015, Published under Cement NewsEagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 4.4 per cent to US$312m for the first quarter of fiscal 2016 ended 30 June 2015. The trading profit improved by 0.9 per cent to US$60.4m and after an interest charge 10.7 per cent higher at US$4.49m, the pre-tax profit was ahead by just 0.2 per cent to US$55.9m and the net attributable profit advanced by a marginal 0.1 per cent to US$37.8m. Net debt at the end of June stood at US$585.1m, ... |
Dangote Cement 1H profit up 28%03 August 2015, Published under Cement NewsDangote Cement said first-half profit rose 28 per cent as its pan-African expansion helps make up for “uncertainties” in its domestic market of Nigeria. Net income was NGN121.8bn (US$614m) in the six months through June, compared with NGN95.4bn in the same period a year earlier. Sales rose 16 per cent to NGN242bn. Group cement sales volumes were up 13.7 per cent YoY to 8.1Mt. Domestic cement sales in Nigeria fell 7.5 per cent to 6.3Mt. Nigeria margins were protected by new pricing, improve... |
Peru: Cementos Pacasmayo expands consolidated EBITDA margin24 July 2015, Published under Cement NewsPeruvian producer Cementos Pacasmayo's consolidated EBITDA increased 8.4 per cent to PEN178.5m (US$59m) in the first half of this year from PEN169.7m in 1H14, achieving a margin of 31.5 per cent compared with 27.3 per cent a year earlier. Net income increased 19.4 per cent to PEN96.5m. Gross margin increased to 43.1 per cent in 6M15 from 40.5 per cent in 6M14. Second-quarter results were impacted by continued weakness in cement demand from the public sector. This led to a 9.4 per cent ... |
UAE: Union Cement Co 1H profit declines 8%24 July 2015, Published under Cement NewsUnion Cement Co (UCC) reported an eight per cent decline in its profits for the first six months of 2015 to AED54.7m (US$14.89m), compared to AED59.4m (US$16.16m) in H1-14, the company said in its filing to the Abu Dhabi Securities Exchange (ADX) on Thursday. UCC achieved revenues of AED314.7m during the six-month period in 2015, a decline of 3.7 per cent from AED326.7m in the same period last year, attributed to lower sales volumes. Cost of sales fell 3.62 per cent to AED234.88m, compared... |
Caribbean Cement Co swings to first-half profit, Jamaica23 July 2015, Published under Cement NewsCaribbean Cement Co Ltd (CCCL) reported a consolidated profit of JMD869.3m (US$7.42m) for the first six months of 2015, compared to a loss of JMD53.2m in the corresponding period of 2014 – an improvement of JMD922m. The TCL group company said revenue during the first half of this year rose by four per cent (or JMD276m) over the period, mainly driven by improved domestic sales volumes and increased clinker exports which compensated for the decline in cement exports. EBITDA increased by JMD8... |
Egypt: Suez Cement 2Q net profit drops 57%22 July 2015, Published under Cement NewsSuez Cement posted a second-quarter net profit of EGP60.9m (US$7.8m) on Tuesday, down 57.2 per cent from the EGP142.5m recorded a year earlier. Revenue over the three month period declined by 15 per cent due to lower prices and exports. Suez Cement said it was diversifying its energy sources to mitigate the impact of shortages which "affected negatively the company's profits". |
UltraTech first quarter profit falls 5.5%21 July 2015, Published under Cement NewsUltraTech Cement's first quarter standalone net profit fell 5.5 per cent YoY to INR591 crore. The Aditya Birla Group firm had posted net profit of INR628 crore in the year-ago period. Cement and clinker sales during the quarter ended 30 June 2015 climbed six per cent to 12.14Mt from 11.7Mt a year earlier. Energy costs improved by seven per cent but the reduction in fuel prices was partly offset by an increase in rail freight expenses. Input prices remained stable except for the rise i... |