Cement News tagged under: Results
Votorantim’s volumes slightly lower but prices improve04 March 2015, Published under Cement NewsVotorantim Industrial generated a turnover 6.9 per cent higher at BRL28,059m (€8660m) while the EBITDA rose by 31.9 per cent to BRL7105m (€2193m). Votorantim Cimentos contributed 46.5 per cent of the turnover and 50 per cent of EBITDA in 2014, with metals being the second largest contributor accounting for 32.9 per cent of turnover and 30.7 per cent of EBITDA, with steel and the mining operations in Peru accounting for the remainder. Group capital expenditure was 3.7 per cent higher at ... |
Cimpor sales rise 6% in 201403 March 2015, Published under Cement NewsCimpor’s turnover eased by 0.8 per cent in 2014 to EUR2603.7m while the EBITDA declined by 6.7 per cent to EUR645.6m. The trading profit emerged 7.9 per cent lower at EUR448.8 and the net financial charge declined by 8.8 per cent to EUR371.4m, giving a pre-tax profit 3.5 per cent lower at EUR77.3m and at the net attributable level there was a swing from a loss of EUR19.4m to a profit of EUR27.2m. Net debt at the end of 2014 stood at EUR3561m, an increase of 3.7 per cent, while shareholders’... |
East African Portland Cement posts pretax loss03 March 2015, Published under Cement NewsEast African Portland Cement Co (EAPCC) posted a first-half loss after a maintenance shutdown of its packing and clinker units. The company reported a pretax loss of KES124m (US$1.36m) for the six months to end of December, against a profit of KES171m in the same period in 2013. The firm, which also operates in Uganda, said it hopes to regain its market share in the industry after completing a plant refurbishment in the second quarter of this financial year. "Despite the growing competiti... |
Semen Indonesia 2014 net profit rises 3.7% YoY03 March 2015, Published under Cement NewsPT Semen Indonesia Tbk, the country's leading cement producer, posted on Monday a 3.7 per cent rise in 2014 net profit from a year earlier. The company reported net profit of IDR5.57trn (US$429.62m) for the full-year ended December, up from IDR5.37trn a year earlier. (Source: Reuters) |
Allied Cement issues profit warning, China03 March 2015, Published under Cement NewsChina-based Allied Cement said it expects to record a significant decline in net profit by about 40 per cent for the year ended 31 December 2014 as compared to the audited net profit of around HK$46.2m for the previous financial year. The decline is primarily attributed to the significant increase in finance cost incurred in connection with additional bank and other borrowings drawn by the group in the second half of the year to support business expansion, and the maturity of its investment... |
GCC's fourth-quarter sales rise 18% YoY02 March 2015, Published under Cement NewsGCC (Grupo Cementos de Chihuahua) reported a sales increase of 18 per cent in the fourth quarter compared to the same period of 2013, totaling MXN2546.1m (U$$170m), reflecting an increase in both Mexico and the US across all the company's products. In the US, sales rose 17.6 per cent compared to the fourth quarter of 2013 and totaled MXN1735.6m. Cement sales volumes grew five per cent and concrete 20 per cent, driven by demand in Texas, South Dakota, Iowa, New Mexico, Arkansas and Oklahoma,... |
Listed Saudi firms see 3.8% increase in 2014 sales02 March 2015, Published under Cement NewsSales of the listed cement firms in Saudi Arabia grew by 3.8 per cent to hit SAR13.5bn (US$3.6bn) in 2014 compared to SAR13bn in 2013, according to a report published by Al-Hayat daily said. Net profits rose by 6.10 per cent in the year to SAR6.2bn compared to SAR5.83bn in the previous year, the report added. Meanwhile, the National Committee for Cement Companies (NCCC) said the volume of demand on cement is poised to grow by four per cent to reach SAR59.5Mt in the current year compared to... |
Adelaide Brighton reports record net profit27 February 2015, Published under Cement NewsAdelaide Brighton reported record sales and net profit after tax of AUD1337.8m and AUD172.7m, respectively, for the year ended 31 December 2014. Revenue increased 8.9 per cent and net profit by 14.3 per cent YoY. Adjusting for a number of one-off items, underlying net profit after tax of AUD166.5m was 8.5 per cent higher than 2013. EBIT increased 11.1 per cent to a record AUD247.5m on an EBIT margin of 18.5 per cent. Earnings were aided by net significant items of AUD2.3m. Excluding the... |
FECTO reports first-half loss, Pakistan27 February 2015, Published under Cement NewsPakistan-based cement producer FECTO Cement reported a 10.22 per cent drop in profit for the first six months of the current fiscal to PKR284.6m (US$2.8m). In a communication to the Karachi Stock Exchange, FECTO reported a slight rise in net sales to PKR2.39b from PKR2.32bn a year ago. The company incurred administrative expenses of PKR105.7m and distribution costs of PKR99.5m, compared to PKR85.4m and PKR107.2m in the comparative period of FY13-14. FECTO Cement operates a 0.78Mta cement p... |
Cementos Argos’ net profit surges 59%26 February 2015, Published under Cement NewsColombia’s leading cement producer, Cementos Argos, said net profit jumped 58.8 per cent YoY in 2014, closing the year with record figures. Profit was up to COP291bn (US$145m), compared with the COP183bn registered in 2013. Operating income was up 16.8 per cent to COP5.8trn (US$2.9bn), EBITDA rose up 8.4 per cent to COP1.06trn (US$534m). Cement sales increased by eight per cent YoY to 12.5Mt, while concrete sales jumped 18 per cent to 11Mm 3 . Argos CEO, Jorge Mario Velásquez, commen... |