Cement News tagged under: Results
Saudi: Yanbu first-quarter net profit edges ahead08 April 2015, Published under Cement NewsYanbu Cement Company posted a net profit of SAR207m (US$55.2m) in the three months to 31 March 2015, up one per cent from SAR205m a year earlier, the Saudi-based company said in a bourse statement. Net profit increased 7.2 per cent against SAR193m for the previous quarter, its interim consolidated financial results showed. Gross profit for 1Q15 reached SAR224m versus SAR223m for the same quarter of the previous year, an increase of 0.45 per cent. Operational profit for the first quarter ... |
Dandot Cement reduces half-year loss02 April 2015, Published under Cement NewsDandot Cement Co reported a loss after tax of PKR342.24m (US$3.4m) in the first half of the current Pakistan fiscal compared to a loss of PKR 380.42m in the comparative period of the year before. Net sales reached over PKR1bn versus PKR93m in 1HFY13-14, the company said in a notice to the Karachi Stock Exchange. The cost of sales, however, rose to PKR1.28bn from PKR406m a year earlier. Dandot Cement has said it is considering various options to arrange further funds to improve plant e... |
Ashaka Cement pretax profit rises 84.5%01 April 2015, Published under Cement NewsNigeria's Ashaka Cement 2014 pretax profit rose 84.5 per cent to NGN5.25bn (US$26m) from year ago, the company said on Tuesday. Revenue declined by 2.58 per cent during the period to NGN21.13bn, the unit of Lafarge Africa said in a statement. |
China Shanshui Cement 2014 revenue reaches CNY15,596m31 March 2015, Published under Cement NewsChina Shanshui Cement Group Ltd, the largest cement enterprise in the Shandong and Liaoning Provinces of China, recorded sales revenue of CNY15,596m (US$2516m) for the 12 months ended 31 December 2014. Gross profit during the year was CNY3347m while profit from operations was CNY1813m. Profit attributable to shareholders was CNY348m. The decrease in profit was mainly due to the fall of selling prices. Zhang Bin, chairman and general manager of Shanshui Cement, said: "Due to the slowdown... |
Buzzi Unicem returns to a net profit30 March 2015, Published under Cement NewsOn a turnover just 0.1 per cent lower at EUR2506.4m, Buzzi Unicem's underlying EBITDA did increase by 7.1 per cent to EUR404.8m in 2014, while at the headline level there was a 4.8 per cent advance to EUR422.7m. Following a 23 per cent reduction in impairment charges, depreciation and amortisation, the trading profit (EBIT) more than doubled from EUR86.5m to EUR178.7m. After a net interest charge 52.1 per cent lower at EUR53.1m, the pre-tax profit jumped from just EUR16.0m to EUR175.6m. A... |
Dangote Cement pretax profit down 3.2%27 March 2015, Published under Cement NewsDangote Cement's pretax profit fell 3.2 per cent to NGN184.68bn (US$928m) last year due to a gas shortage and the impact of wet weather on construction activity, the company said on Thursday. The company said sales volumes in its domestic market of Nigeria fell 3.2 per cent to 12.87Mt, weaker than the decline in the overall market of 0.8 per cent to 21Mt. Full-year revenues for 2014 climbed to NGN391.63bn during the 12-month period to 31 December, up from NGN386.17bn the previous year, ... |
Lafarge Cement Zimbabwe full-year volumes down27 March 2015, Published under Cement NewsLafarge Cement Zimbabwe's volumes came off by 7.4 per cent to 312,000t for the year ended 31 December 2014 from 337,000t in the prior year. The decline in sales was attributed to a number of commercial and residential projects taking long to be completed due to persistent liquidity challenges. Analysts said there was huge potential for the cement business given the housing and infrastructure backlog but in the interim, the company had to devise strategies to survive weak demand. La... |
ARM posts flat full-year pretax profit26 March 2015, Published under Cement NewsKenya's ARM Cement posted a pretax profit of KES2.02bn (US$22m) for 2014, up one per cent YoY. The cement maker, which also has operations in Tanzania, said its revenue for the period fell three per cent to KES13.74bn, mainly because there was no additional capacity expansion during the period, the firm said. In a statement, the firm predicted that this year would be better, with growth in turnover and profit. "The cement markets continue to grow at double digits with significant demand f... |
China Tianrui Group Cement profit inches up26 March 2015, Published under Cement NewsChina Tianrui Group Cement Co posted a net profit of CNY565m (US$91m) in the full year ended 31 December 2014, climbing 1.07 per cent from a year earlier. Basic earnings per share were CNY0.24. Income inched up by 3.34 per cent to CNY8.95bn. |
Hetauda reports accumulated loss of US$6.42m at end-201425 March 2015, Published under Cement NewsNepal-based Hetauda Cement Industries Ltd (HCIL) reported an accumulated loss of US$6.42m at the end of its 2014 financial year. "We faced a loss of US$692,829 in 2011-12 and US$95,251 in 2012-13. Our annual loss increased to US$6.42m in 2013-14," said Ramesh Shiwakoti, chief accountant of the state-owned company. Although a HCIL spokesperson said that the company's loss can be partly attributed to its high wages, the workers said that the plants is making a loss due to lack of transpar... |