Cement News tagged under: Results
Cemex Latin American Holdings held back by weaker cement sales in Colombia24 April 2015, Published under Cement NewsCemex Latin American Holdings' turnover declined by 16.3 per cent in first quarter of the year to US$353.8m and EBITDA fell by 20.3 per cent to US$112.4m. At the trading level there was a 23.6 per cent reduction to US$90.2m. After an interest charge 15.6 per cent lower at US$20.6m and other items, the pre-tax profit declined by 23.3 per cent to US$72.3m and the net attributable profit came off by 19.8 per cent to US$43.8m. Net debt at the end of March was 8.8 per cent lower than a year ea... |
Lucky Cement posts double-digit rise in 9M net profit, Pakistan24 April 2015, Published under Cement NewsLucky Cement recorded net profit for the nine months ending 31 March 2015 of PKR9.30bn (US$91.5m), up 13.7 per cent YoY. The company's gross profit increased by 7.2 per cent during the nine months as its net sales revenue improved by 5.38 per cent to PKR33.15bn against PKR31.45bn for the corresponding period of last year. The increase in net sales revenue was attributed to a 4.03 per cent increase in volume and 1.35 per cent increase in net retention prices. Sales volumes increase... |
Bestway acquires Lafarge Pakistan unit24 April 2015, Published under Cement NewsBestway Cement Ltd, a subsidiary of Bestway Group, has taken management control of Lafarge Cement's plant located near Kallar Kahar, Pakistan. To mark the acquisition, a ceremony was held at the plant on Wednesday, which was attended by Sir Anwar Pervez, the owner of Bestway Group and Amr Ali Reda, the CEO of Lafarge Pakistan, among others. In July 2014 Bestway successfully bid for a 75.86 per cent of Lafarge Pakistan’s shares for an enterprise value of US$329m. Bestway Cement... |
Ha Tien 1 Cement net profit surges, Vietnam23 April 2015, Published under Cement NewsHa Tien 1 Cement JSC (HT1) said its net profit jumped to VND250.36bn (US$11.64m) in the first quarter of this year, from VND2bn in the same period of 2014, thanks to an increase in financial incomes and a decease in financial costs. Vietnam's largest cement maker by market capitalisation, said net revenue fell 4.25 per cent YoY to VND1.6trn in the January-March period, HT1 said in its quarterly financial report. Earnings per share over the three month period was VND787. Its financial in... |
Tvornica Cementa Kakanj’s consolidated net profit down 54%21 April 2015, Published under Cement NewsTvornica Cementa Kakanj’s consolidated net profit fell to BAM11m (US$6.1m) in 2014 from BAM16.9m a year earlier, the Bosnian cement producer reported on Monday. The HeidelbergCement group company said consolidated sales revenue declined 17.7 per cent YoY to BAM77.6m in 2014, Tvornica Cementa Kakanj (TCK) said in its audited financial report sent to the Sarajevo Stock Exchange. |
Saudi Cement net profit up 6%17 April 2015, Published under Cement NewsSaudi Cement has reported a 5.9 per cent increase in first-quarter net profit on Tuesday as higher exports boosted its earnings. Saudi Arabia's largest cement company by market value said in a bourse filing its net profit for the three months to 31 March was SAR303m (US$80.8m), compared to SAR286m in the corresponding period of 2014. It attributed its net profit rise to increased export sales and higher profit from associated companies. |
Spain: Cementos Portland reports EUR29.5m loss16 April 2015, Published under Cement NewsFCC-owned Cementos Portland closed the first quarter of 2015 with a EUR29.5m loss, representing a 21.2 per cent higher figure when compared with 1Q14. The cement company attributes the fall to lower CO2 sales and new accounting rules relating to annual maintenance costs. Taking into account these effects, results improve by EUR7m. Revenues increased 9.4 per cent to EUR121.8m as the company maintained stable cement sales of 1.6Mt. However, concrete deliveries were down 43 per cent to 66M... |
Oman Cement 1Q net profit up 3.7%16 April 2015, Published under Cement NewsOman Cement reported a 3.7 per cent rise in first-quarter net profit on Wednesday, beating analyst forecasts. The company made a net profit of OMR3.83m (US$9.95m) in three months to 31 March, up from OMR3.70m in the corresponding period of 2014. Three analysts polled by Reuters on average forecast the firm would make a net profit of OMR3.2m. Oman Cement’s first-quarter revenue rose 10.6 per cent to OMR15.94m. OCC's cement capacity will be increased from 2.6Mta to 3.8Mta, with the addition... |
Ha Tien 1 Cement targets US$17.07m pretax profit16 April 2015, Published under Cement NewsHa Tien 1 Cement JSC (HT1), the largest cement maker in Vietnam by market capitalisation, targets a pretax profit of VND367bn (US$17.07m) this year, down 7.32 per cent YoY. Its revenue is expected to rise 5.9 per cent YoY to VND7.16trn in 2015, HT1 said on its website. |
ACC quarterly volumes lower on weaker demand15 April 2015, Published under Cement NewsACC reported a decline in sales volumes for the January-March 2015 period due to weaker cement demand from the infrastructure and the general construction sectors, India’s second-largest cement producer said in a statement yesterday. The Holcim group company said its cement sales in the first three months of 2015 were down by 10.2 per cent to 5.82Mt versus 6.48Mt in the same period of last year. However, a mix of better realisation on cement sold, as a result of an increase in cement p... |