Cement News tagged under: Results
Sabanci cement unit seeks acquisition opportunities25 March 2015, Published under Cement NewsTurkey-based Sabanci Holding's cement business expects its sales to rise 10-15 per cent this year after posting a 16 per cent increase to TRL2.5bn (US$980m) in 2014, the cement unit's chief executive said. Sabanci's cement arm is also looking for acquisition opportunities and could borrow up to US$1.5bn to fund an acquisition, Hakan Gurdal told Reuters in an interview. |
Anhui Conch full-year profit rises 17%24 March 2015, Published under Cement NewsAnhui Conch Cement Co's net profit rose 17 per cent in 2014 but warned that the cement sector in its home market of China was under pressure as the economy slowed. The company reported net profit of CNY11bn (US$1.77bn) in 2014, up from CNY9.4bn in 2013, it said in a filing on the Shanghai stock exchange. Some 23 analysts polled by Thomson Reuters SmartEstimate forecast a net profit of CNY11.5bn. Earning per share were CNY2.07. "Demand in the cement market is facing increasing pressure with... |
Dalmia Cement (Bharat) reports rise in 3Q volumes23 March 2015, Published under Cement NewsDalmia Cement (Bharat) Ltd announced its financial results for the quarter ended 31 December 2014, reporting a YoY increase in volumes and income. Income rose to INR7.94bn from INR7.07bn in 3Q14, led by a six per cent rise in volumes to 1.65Mt and a nine per cent increase in sales realisations. Power and fuel costs came down by 16 per cent per cent on a per tonne basis but were offset by increased freight costs and an increase in raw material costs for the north east operations. Efficienc... |
Eurocement-Ukraine net loss widens23 March 2015, Published under Cement NewsEurocement-Ukraine (Kharkiv region) reported loss of UAH258.279m (US$10.3m) for 2014 compared to a loss of UAH 21.1m the year before. Ukrainian News reported that as at late 2014, the assets of the company made up UAH840.956m, receivables – UAH 159.678m, and current liabilities – UAH528.563m. |
KHD closes 2014 with EBIT advance20 March 2015, Published under Cement NewsKHD Humboldt Wedag International AG (KHD) reported EBIT of EUR 1.1m in the 2014 financial year, despite slightly lower revenue. The German equipment manufacture yesterday said its order intake for the year fell to EUR101.3m due to the “continued slow investment in the cement industry and the corresponding delays in awarding new orders.” The drop in revenue of 3.8 per cent to EUR240.2m is connected with the lower order backlog at the beginning of 2014. However, its Parts & Services business... |
Moody's: WCC's weakened 2014 results to have no impact on ratings20 March 2015, Published under Cement NewsMoody's Investors Service says that West China Cement Ltd's (WCC) weakened 2014 results are in line with the rating agency's expectations and will have no immediate impact on the company's B1 corporate family and senior unsecured ratings, or its stable rating outlook. "WCC's weakened profitability resulted in an increase in its financial leverage in 2014. However, we expect its financial leverage to slightly improve over the next 12-18 months owing to lower capital expenditure, says Jiming... |
HeidelbergCement ‘confident’ on 2015 outlook19 March 2015, Published under Cement NewsHeidelbergCement’s 2014 consolidated financial results show increases in revenue and operating income, and significant increases are expected for the year in hand. The group's turnover increased by four per cent last year to EUR12,614m, or by 8.4 per cent on a comparative basis, and the EBITDA improved by a 2.9 per cent to EUR2288m and the trading profit advanced by five per cent to EUR1595m, or by 12.9 per cent adjusting for currency movements and changes in the scope of consolidation. Af... |
Fitch expects negative impact on Lafarge credit profile if Holcim merger fails18 March 2015, Published under Cement NewsA failure of the proposed merger between Lafarge and Swiss Holcim would have negative effect on the credit profile of the French company, Fitch said. According to the rating agency, a collapse of the merger would be credit neutral for Holcim and positive for the credit profile of Irish rival CRH because its commitment to acquire assets from the two companies hinges on the deal’s completion. The rating agency believes the merger would come to a successful ending despite Holcim’s decisio... |
Cherat’s first-half boosted by domestic deliveries17 March 2015, Published under Cement NewsCherat’s Cement’s domestic sales increased by 10 per cent during the first half of the current Pakistan fiscal boosted by strong construction activity. Total dispatches over the period rose by four per cent, as exports to Afghanistan declined by six per cent. Turnover increased by four per cent. During the six months under review, production costs escalated mainly due to significant upward revision in electricity tariff, and imposition of fuel price adjustment levy. However, improved liqu... |
Lafarge Zimbabwe revenue declines 11%13 March 2015, Published under Cement NewsLafarge Cement Zimbabwe recorded a 11 per cent decline in turnover to US$60.4m for the year ended 31 December due to a drop in volumes and prices. In the period under review the group recorded a seven per cent drop in domestic sales and a three per cent decline in average selling prices. Profit for the year declined to US$80,950 from US$3.5m in 2013. “The reason of the decline of the operating profit was coming from a result of lower sales volumes as well as expenditures in investment t... |