Cement News tagged under: Results
TCC International Holdings net profit rises 22.5%13 March 2015, Published under Cement NewsTCC International Holdings Ltd said net profit surged 22.5 per cent to US$264m. The Chinese cement producer attributed the profit rise to strong sales in southern China, where production plants in Guangdong and Guangxi provinces contributed more to sales. However, both cement sales and average selling price has dropped in the second half of 2014, it said in a public statement. |
Macedonia: Usje's unconsolidated net profit falls11 March 2015, Published under Cement NewsMacedonia's sole cement producer Usje said on Tuesday its unconsolidated net profit fell five per cent to MKD1.46bn (EUR23.7m) in 2014. Operating revenue rose two per cent to MKD4.12bn last year, while operating costs were two per cent lower at MKD2.56bn, Usje said in an unconsolidated financial statement filed with the Macedonian Stock Exchange. Usje is owned by Greek building materials manufacturer Titan Cement. |
Challenging year in store for Holcim Indonesia?11 March 2015, Published under Cement NewsHolcim Indonesia will be challenged by tighter competition and high debt levels that could spike costs this year, according to a report by Bahana Securities has said after the cement producer announced 30 per cent lower profits last year. Indonesia's third-largest cement producer saw its net profit plunge to IDR668.35bn (US$50.69m) in 2014 from IDR952.11bn in 2013, as costs soared, despite an increase in revenues which were up 8.67 per cent YoY. However, the rise in revenues was could not... |
Semen Baturaja full-year profit advances 5%10 March 2015, Published under Cement NewsState-owned cement producer PT Semen Baturaja Tbk reported a five per cent increase in net profit to IDR328.336bn (US$25m) in 2014 from IDR312.184bn in the previous year. Operating income rose four per cent YoY IDR1.215trn in 2014. Company`s president director Pamudji Rahardjo said the 2014-2017 period will be important for Indonesia given the implementation of the government's Master Plan of Acceleration and Expansion of Indonesian Economic development especially in the infrastructure sect... |
China Resources Cement net rises 26% YoY10 March 2015, Published under Cement NewsChina Resources Cement (CRC) announces that it made HKD4.21bn (US$ 542.6m) net profit in 2014, up 26 per cent YoY. Earnings per share were 64.4 HK cents. The company gained HKD 32.67bn in incomes last year, up 11.3 per cent YoY. Gross profits increased 22.3 per cent to HKD10.23bn and gross profit margin rose from 28.5 per cent to 31.3 per cent thanks to price and sales increases. Analysts at Jefferies International said CRC's FY14 earnings were just slightly below consensus estimates, ... |
Titan Egypt's profits decline, but Greece and the USA recover06 March 2015, Published under Cement NewsTitan's turnover improved by 2.7 per cent in 2014 to EUR1158.4m but the EBITDA emerged 2.6 per cent lower at EUR181.6m. Following an 8.5 per cent reduction in the depreciation charge, the trading profit advanced by 7.0 per cent to EUR76.6m. The net financial charge increased by 6.2 per cent to EUR65.7m and there was a EUR31.1m foreign exchange gain compared with a loss of EUR18.4m in the previous year. There was a pre-tax profit of EUR46.8m compared with a EUR9.4m loss the year before. At... |
Pakistan shipments advance over first eight months06 March 2015, Published under Cement NewsTotal cement shipments over the first eight months of the current Pakistan fiscal (July-February 2015) rose eight per cent YoY, according to data by the All Pakistan Cement Manufacturers’ Association. The advance was led by domestic sales which climbed 11 per cent YoY to reach 17.4Mt. Exports, however, declined one per cent to 5.12Mt over the same timeframe, with contrasting results in the north and south. February sales update During February 2015, total dispatches rose by seven per cen... |
Vicat05 March 2015, Published under Cement NewsVicat's turnover improved by 6.0 per cent in 2014 to EUR2423m, which translates into an underlying increase of eight per cent on a like-for-like basis. Turnover in cement advanced by 13.7 per cent to EUR1261m, or EUR1483m before deducting inter-group transfers. Aggregates and concrete sales declined by 1.8 per cent to EUR860m, while other activities saw turnover edging ahead by 0.3 per cent to EUR301m. Cement accounted for 53.7 per cent of turnover, up from the 50.6 per cent shown in the pre... |
Bestway Cement first-half profit up 5% YoY05 March 2015, Published under Cement NewsBestway Cement of Pakistan has posted a five per cent rise in half-year net profit to PKR3.94bn compared to PKR3.75bn (US$36.8m) in the comparative period of the previous fiscal . The second quarter (October-December 2014) proved better for the company as it earned PRK2.34bn, up 12.5 per cent YoY. Bestway Cement has three plants in the north of the country (one in Chakwal and two in Hattar) and a current production capacity of 5.9Mta. In July 2014, however, Bestway secured the purchase of... |
Semen Indonesia targets higher 2015 revenue and profit05 March 2015, Published under Cement NewsSemen Indonesia is targeting a 2015 profit of IDR5.93trn (US$456m), up from IDR5.56trn in 2014, the Kontan newspaper reported, quoting Ahyanizzaman, Semen Indonesia's finance director. The country’s largest cement maker, according to its recently published financial result, saw its 2014 net profit up slightly by 3.53 per cent from IDR 5.37trn (US$413.43m) in 2013. Semen Indonesia investor relations head Agung Wiharto said Tuesday that despite a 10.16 percent YoY increase in revenue to IDR2... |