Cement News tagged under: Results
CMS Bhd 1Q pretax profit up 44%, Malaysia21 May 2015, Published under Cement NewsSarawak-based Cahya Mata Sarawak Bhd (CMSB) reported a 44 per cent rise in pretax profit for the first quarter of 2015 to MYR95.01m, driven by its Construction & Materials Trading, Cement and Construction & Road Maintenance divisions. The Cement division reported a pretax profit of MYR29.37m for 1Q15, exceeding the previous year (MYR20.44m) by 44 per cent. The Construction Materials & Trading Division recorded a pretax profit of MYR30.32m in 1Q15, a 145 per cent increase versus MYR12.38m ... |
Weaker Brazil markets depress Cimpor's profits20 May 2015, Published under Cement NewsCimpor has reported a first quarter turnover 7.4 per cent higher at EUR636.6m but the EBITDA declined by 7.2 per cent to EUR123.4m. The trading profit (EBIT) was 17.6 per cent lower at EUR74m. The net financial charge declined by 18.9 per cent to EUR75.3m to give a pre-tax loss of EUR1.3m, compared with EUR3.1m a year earlier. At the net attributable level there was a loss of EUR17.2m, compared with a loss EUR10.8m a year earlier. Net debt was 0.6 per cent lower at EUR3522m, but the gear... |
PPC's first-half revenue lifted by higher Zimbabwe, Botswana and Rwanda volumes19 May 2015, Published under Cement NewsPPC’s group cement sales volumes rose by five per cent above last year's figure, with strong demand growth in its African businesses offsetting lower demand in the core South African business. PPC’s revenue increased by nine per cent to ZAR4541m (2014: ZAR4157m) for the half year ended March 2015, on the back of increased volumes in Zimbabwe, Botswana and Rwanda, as well as the consolidation of sales from Safika Cement and Pronto Readymix. Cement selling prices declined in South Afric... |
Eagle Materials helped by addition of oil & gas15 May 2015, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 18.1 per cent to US$1192.6m. Of this total turnover, cement represented 40.2 per cent, plasterboard accounted for 36.7 per cent, aggregates & concrete for 9.0 per cent, plasterboard liner for 7.3 per cent and oil & gas for 6.8 per cent. The trading profit rose by 34.6 per cent to US$302.30m, helped by the first significant contribution from oi... |
KHD's first-quarter revenue down, order intake increases15 May 2015, Published under Cement NewsKHD Humboldt Wedag reported a 15.4 per cent decline in revenue for 1Q15 to EUR50.7m compared to the first quarter of the previous year, while the order intake increased but was "still not entirely satisfactory," according to the German equipment supplier. Order intake was EUR58.3m for the January-March 2015 period, higher than the level reached in the first quarter of the previous year (EUR25.3m). Several investment decisions were delayed until the second half of 2015 by individual customer... |
Indocement shareholders approve disbursement of almost all 2014 profits as dividends15 May 2015, Published under Cement NewsDuring an annual shareholders meeting in Jakarta on Wednesday the shareholders of PT Indocement Tunggal Prakarsa approved the company’s proposal to pay dividends of about IDR4.96trn (US$381.9m) or IDR1350 per share, about 94 per cent of the profits recorded in 2014. Indocement booked IDR5.27trn in profits in 2014, a 5.2 per cent increase from IDR5.01trn in 2013. During 2014, the company’s net revenues totaled IDR19.99trn last year, an increase from IDR18.69trn in 2013, First-quart... |
Molins sees net 1Q15 profit up 132%14 May 2015, Published under Cement NewsSpanish cement producer Cementos Molins reported a net profit of EUR15.1m in 1Q15, up 132 per cent YoY from EUR6.5m in 1Q14. Although domestic sales improved by 7.1 per cent, the company said the advance was “insufficient”. EBITDA reached EUR2.1m, but net profit remained in the red. Its Mexican subsidiary Corporación Moctezuma posted a 37.3 per cent rise in sales while Argentina’s Cementos Avellaneda saw revenues increase by 51.1 per cent. In Uruguay, Cementos Artigos saw a 34.3 per cent i... |
Sabanci Holding posts 54% rise in first-quarter profit, Turkey14 May 2015, Published under Cement NewsSabanci Holding, whose business units include Turkish cement producers Akcansa and Cimsa, on Monday posted a 54 per cent rise in its first-quarter profit to TRL648.5m (US$241m). Revenue amounted to TRL2.48bn in the period, less than the TRL2.54bn in the same period last year, according to a filing with the stock exchange. |
Vulcan Materials sees good volume growth in most markets14 May 2015, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 9.9 per cent ahead at US$631.3m and EBITDA declined by 70.6 per cent to US$78.5m. At the trading level, the first quarter there was a US$10.8m profit compared with a US$194.7m profit a year earlier when there was a substantial capital gain from the sale of the cement operations, along with the ready-mixed concrete operations in Florida and southern Georgia, to Cementos Argos. The net interest charge i... |
FLSmidth expects pick-up in cement order intake in 201513 May 2015, Published under Cement NewsFLSmidth reported a 39 per cent decline in cement order intake for the first quarter of 2015 but, based on the current order tender activity, the group still expects the division's full-year order intake to be higher than last year. In its interim report released last week, FLSmidth reported a decline in both total revenue and order intake of three per cent over Jan-March 2015 period, despite currency tailwind. The drop in revenue was related to the Minerals division as a consequence of a l... |