Cement News tagged under: Results
South Africa: Sephaku revenue up 36%29 June 2015, Published under Cement NewsDangote-backed Sephaku Cement said on Friday that its revenue for the year ended March rose by 36 per cent as EBITDA increased by 39 per cent to ZAR139m (US$10.2m). Operating profit soared 44 per cent to ZAR109m, with profit after tax up 57 per cent. The group recorded a profit before tax of ZAR72m and net profit of ZAR47m. Sales revenues came mainly from the Delmas milling plant which reached a steady state of production in November 2014. Clinker and cement production at Aganang commenced... |
Pakistan: Dewan Cement restructuring debt22 June 2015, Published under Cement NewsDewan Cement Ltd (DCL) has taken steps to ease debt burden and improve production efficiency. According to a local brokerage house, the company has taken the first step in converting its debt amounting PKR450m into equity by issuing 45m shares and is planning to further convert debt amounting to PKR500m into 50m shares to its director. This will lower Dewan's financial leverage thereby helping it obtain a loan to meet its working capital requirements. Moreover, management intends to resch... |
CMS sees strong start to the year, Malaysia18 June 2015, Published under Cement NewsCaha Mata Sarawak Bhd (CMS) reported a total revenue of MYR491m (US$132.3m) for the first quarter of 2015, an increase of 32 per cent from MYR373.24m a year earlier. Pretax profit of MYR95.01m in 1Q15 was 44 per cent up on the MYR66.19m in 1Q14. Profit after tax and non-controlling interests increased by 48 per cent to MYR57.42m from MYR38.9m in 1Q14. Earnings per share stood at 5.52 sen versus 3.81 sen (adjusted for share split and a bonus issue in June 2014) from the corresponding perio... |
Ashaka impacted by insurgency, lengthy rainy season16 June 2015, Published under Cement NewsNigeria-based Ashaka Cement Plc’s first-quarter profit fell by 53.54 per cent to NGN889.01m (US$4.5m) in the first three months of this year as insurgency disrupted operations and a lengthy rainy season weakened demand. Revenue over the Jan-March period declined by 29.84 per cent to NGN4.56bn. Ashaka Cement's operations have been disrupted by Boko Haram as the company is located in Gombe State in the north of the country. Cost of sales reduced by 11.74 per cent to NGN2.93bn in 2015 ... |
Arabian Cement Co 1Q revenue rises 11% YoY03 June 2015, Published under Cement NewsArabian Cement Company (ACC) said first-quarter revenue increased by 11 per cent to EGP585m (US$76.6m) compared to EGP529m a year earlier. The advance was mainly attributed to a 13 per cent increase in volumes as prices slip over the period. However, net profit dropped 52 per cent YoY to EGP56m, while the net profit margin was down 12 points to 10 per cent, the company in a statement. ACC said the EBITDA stood at EGP184m,19 per cent below than EGP227m in the corresponding period of last... |
Secil 1Q15 boosted by Angola operations02 June 2015, Published under Cement NewsSemapa, the Portuguese holding company that controls Secil, said turnover in its Cement and Derivatives Business unit for the first quarter of 2015 increased by 2.4 per cent YoY to EUR99.9m. The growth is mostly attributed to the performance of the ready-mix business unit in Portugal and Angola operations. EBITDA during the three month period rose by four per cent to EUR17.1m. Operating income was down by 25 per cent to EUR4.7m due to the increase in depreciation. Consolidated net income ... |
Argos reports solid start to the year28 May 2015, Published under Cement NewsArgos reported a solid first-quarter results, with a double-digit rise in cement volumes and price recovery in both Colombia and the US. Consolidated revenues in the first quarter grew 27 per cent YoY, reaching COP1.7trn (US$669m). EBITDA was up by 18 per cent to COP307bn supported by structural improvements in al regional divisions as the group reported continuous achievements in operational efficiencies an discipline across al fronts of its organisation. Net income for 1Q15 stood at C... |
Adelaide Brighton predicts 2015 sales gain28 May 2015, Published under Cement NewsAustralian construction materials group Adelaide Brighton says cement and clinker product sales volumes should be "similar to or greater than" levels in the prior year. Lime sales, which declined 7.7 per cent in 2014 after a downturn in the gold sector, were also anticipated to be similar or slightly higher than last year. The group told shareholders at today's annual general meeting that after last year's acquisitions, Adelaide Brighton was expecting to book around $4.4m worth of syn... |
Bosnia: TCK to distribute EUR8.3m as dividend22 May 2015, Published under Cement NewsBosnia-based Tvornica Cementa Kakanj (TCK) said its shareholders have approved distributing BAM16.2m (EUR8.3m) as dividend. The HeidelbergCement group company said in a statement issued after a shareholders meeting on Tuesday that is produced 420,000t of cement in 2014, down 11.8 per cent from 476,000t a year earlier. TCK posted a consolidated net profit of BAM11m on net sales revenues of BAM77.6m in 2014. In March, TCK director Branimir Muidza told SeeNews in an interview cement output ... |
Lafarge Malaysia first-quarter pretax profit rises, construction outlook 'positive'21 May 2015, Published under Cement NewsLafarge Malaysia Bhd's pretax profit for the first quarter to the end of March 2015 rose to MYR99.36m (US$27.6m) from MYR97.19m in the same quarter of last year. Revenue advanced by three per cent to MYR696.09m versus RM676.63m in the same period of last year due to higher cement and concrete sales in the domestic market on the back of market growth, it said in a filing to Bursa Malaysia today. "The outlook of the construction sector is expected to remain positive this year driven mainl... |