Cement News tagged under: Results
Holcim Indonesia's 1Q15 revenue declines on weak demand05 May 2015, Published under Cement NewsHolcim Indonesia recorded a decline in sales revenue of five per cent to IDR2.25trn in the first three months of the year, as volumes were down by seven per cent, reflecting the contraction in domestic demand over the period. Net income dropped to IDR32.7bn (US$2.5m) in the January-March period from IDR323.6bn in the same quarter last year. National demand for cement fell to 13.9Mt compared to four per cent growth (or 14.3Mt) over the first quarter last year. In addition, at the ... |
Martin Marietta first-quarter sales up 66%05 May 2015, Published under Cement NewsMartin Marietta reported consolidated first quarter net sales of US$631.9m compared with US$379.7m a year earlier, an increase of 66 per cent. Aggregates product line volume increase of 17.1 per cent, aggregates product line price increase of 11.4 per cent. Heritage aggregates product line volume increase of seven per cent, excluding shipments from 2014 divestitures from prior-year quarter. Reported heritage volume increased 3.7 per cent. Heritage aggregates product line price increase of 1... |
Lafarge sees growth in the Middle East & Africa30 April 2015, Published under Cement NewsLafarge's first quarter turnover increased by 5.5 per cent to €2779m and EBITDA rose by 17.5 per cent to €403m, while the running profit advanced by 40.4 per cent to €205m. Net financial costs were reduced by 18.1 per cent to €190m but the pre-tax loss declined from €101m to €99m, with the net attributable loss declining by 28.9 per cent to €96m. Net debt at the end of March was 1.5 per cent lower at €9803m, giving a gearing level of 59.2 per cent. Cement deliveries in the quarter were dow... |
Holcim sees continued growth in the USA30 April 2015, Published under Cement NewsHolcim's first quarter turnover declined by 2.8 per cent to CHF3972m (€3699m), but on a like-for-like basis, there was a 1.6 per cent reduction while measured in euros the turnover was ahead by 10.7 per cent. Operating EBITDA declined by 3.9 per cent to CHF593m (€552m). The trading profit was down by 11.5 per cent to CHF261m (€243m), while the net attributable profit jumped by 289.3 per cent to CHF310m (€289m). Net debt at the end of March was 0.3 per cent higher at CHF9670m (€7862m) to g... |
Semen 1Q profit hit by lower prices30 April 2015, Published under Cement NewsIndonesia's biggest cement producer, PT Semen Indonesia Tbk, posted a 8.5 per cent drop in first-quarter net profit from a year earlier on the back of lower selling prices and weaker domestic demand. The state-owned company reported net profit of IDR1.19trn (US$91.82m) for the three months ended March, down from IDR1.30trn for the corresponding period a year earlier. “The company’s performance for the first quarter was affected by the decrease in selling prices in mid January, and wea... |
Shree net profit down on weaker sales, India30 April 2015, Published under Cement NewsShree Cements on Wednesday reported a 46.39 per cent dip in standalone net profit at to INR1.198bn (US$18.8m) for the third quarter that ended on 31 March 2015 due to a decline in sales. The company had registered a net profit of INR2.225bn for the corresponding period a year ago, it said in a filing to the Bombay Stock Exchange. Total turnover of the company dropped 5.31 per cent to INR15.764bn during the quarter under review versus INR16.649bn a year earlier. The cost of raw materials w... |
Fauji Cement first-quarter profit up 32%29 April 2015, Published under Cement NewsPakistan-based cement producer Fauji Cement Company Ltd (FCCL) has announced a net profit of PKR981.951m (US$9.65m) for the quarter ended 31 March 2015, a rise of 32 per cent from PKR744m a year earlier. Revenue for the quarter under review stood at PKR4.426bn compared to sales of PKR4.3bn in the same period of last year, a company spokesperson said. For the nine-month period ended 31 March 2015, FCCL posted a net profit of PKR2.65bn. |
Conch's 1Q15 earnings fall 31%29 April 2015, Published under Cement NewsAnhui Conch reported 1Q15 net profit of CNY1.7bn (US$274m), down 31 per cent YoY. Sales declined 11 per cent YoY driven by almost a 20 per cent decline in average selling prices. Due to the weak seasonal recovery in cement price, Jefferies expect 2Q15 earnings could decline 30 per cent year-on-year as well. "Seasonal recovery in cement price has been happening slower than expected due to weak demand growth. Cement price continues to fall well into April and is now 10-25 per cent lower t... |
Asia Cement issues profit warning, China28 April 2015, Published under Cement NewsAsia Cement (China) said it expects to record a substantially lower – over 95 per cent – net profit for the first quarter of 2015 compared with the same period of last year. The expected decline is being primarily attributed to the decrease in average selling price of the company's products compared versus that of last year. Its quarterly results announcement will be issued by the end of April. |
Cemex improves first-quarter trading profit24 April 2015, Published under Cement NewsCemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the depreciation and amortisation charge, the trading profit rose by 25.3 per cent to US$335.32m. The net interest charge declined by 15.3 per cent to US$338.08m, to give an 82 per cent drop in the pre-tax loss from US$167.88m to US$30.86m. The effective net debt was 3.4 per cent lower at US$15,769m, of which 86 per cent was in... |