Cement News tagged under: Results
Lafarge's final full year turnover and EBITDA in decline18 February 2015, Published under Cement NewsLafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and the EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1,881m, but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m. Net financial charges declined by a furthe... |
Malaysia: Tasek Corp full-year profit ahead18 February 2015, Published under Cement NewsTasek Corporation Bhd's net profit rose 11.86 per cent to MYR105.4m (US$29.1m) compared to MYR93.90m a year earlier despite heightened competition. Revenue rose to MYR656.06m compared to MYR121.04m in 2013. The Malaysia based cement producer attributed the better to performance to higher domestic cement demand and improved ready-mix concrete prices. “The ongoing mass rapid transit projects and light rail transit line extensions are expected to continue leading the construction sector’s gro... |
Fauji Cement first half profit rises by a third18 February 2015, Published under Cement NewsPakistan producer Fauji Cement reported a 33 per cent rise in first-half profit of PKR1.67bn (US$16.4m) compared to PKR1.25bn a year earlier. Earnings surged 77 per cent QoQ to PKR1.06bn or an EPS of Rs0.80 during 2QFY14-15 because of the increase in margins and lower finance cost. Revenues increased nine per cent YoY to PKR8.99bn during the first half due to and increase in sales volumes to 1.24Mt and a higher proportion of domestic sales (82 per cent compared to 80 per cent a year earlie... |
Oman Cement 2014 profit declines on weaker sales, clinker imports17 February 2015, Published under Cement NewsOman Cement reported a 12.8 per cent decline in net profit on account of weaker sales, lower clinker production and higher volumes of imported clinker, the company said on Monday. Clinker imports were brought in by the company during the year due to one of its kilns being closed temporarily for capacity enhancement. Oman Cement sold 2.078Mt of cement through 2014, down 1.1 per cent compared to 2.1Mt in the same period of last year. In revenue terms, sales were down 2.05 per cent YoY to OM... |
Eastern Province Cement names new chairman, deputy chairman17 February 2015, Published under Cement NewsSaudi-based producer Eastern Province Cement Co (EPC) approved at a meeting on Sunday the appointment of Turki bin Fahd as board chairman. The company also named Abdul Mohsen al-Ruwaishid as deputy board chairman. In a separate statement on Monday, the cement manufacturer announced a 21 per cent YoY increase in net profit to SAR374m (US$99.7m) last year attributed to higher ready-mix concrete sales. |
Peru: Pacasmayo's net income up 24% YoY16 February 2015, Published under Cement NewsPeruvian producer Cementos Pacasmayo's net income increased 24 per cent in 2014 to PEN188.8m (US$61.3m) as a result of operating efficiencies, a reduction in administrative expenses and lower losses from currency movements. Operating margin increased 0.6 percentage points in 2014, compared to 2013, mainly explained by lower administrative expenses, and an extraordinary income. Consolidated EBITDA increased 4.7 per cent (PEN365.3m in 2014 versus PEN348.9m in 2013). Cement sales volum... |
Thatta Cement 1H net profit surges 51% YoY16 February 2015, Published under Cement NewsPakistan-based producer Thatta Cement posted a 51 per cent jump in net profit to PKR139m (US$1.2m) in the first half of the current Pakistan fiscal. Earnings per share improved by PKR1.34 compared to PKR0.89 in the same period of the previous year. However, second quarter profit declined 23 per cent to PKR48m compared to PKR62.5m in 2QFY13-14. Thatta Cement operates a 0.45Mta cement works situated about 115km from Karachi which serves the southern region of the country. |
India Cements posts third-quarter net loss12 February 2015, Published under Cement NewsIndia Cements Ltd posted a net loss for third quarter, compared with a profit a year ago, dragged down by muted cement sales in the south. The Chennai-based firm posted a net loss of INR116.8m, compared with a net profit of INR4.2m a year ago. The company registered flat revenue growth at INR10.359bn crore for the three months to December as against INR10.365bn crore a year ago. CSK transfer Meanwhile, the board of India Cements yesterday approved a proposal to transfer the owner... |
Kuwait Portland Cement posts 5.2% rise in annual profit12 February 2015, Published under Cement NewsKuwait Portland Cement said Tuesday its net profit stood at KWD8.26m (US$27.9m) for 2014, up 5.2 per cent from the KWD7.85m recorded in 2013. Earnings per share increased to 90.89 fils from 86.37 fils. The company said total assets rose to KWD88.9m at end-2014 from KWD74m a year earlier. The board of directors proposed a 70 per cent cash dividend for 2014, equal to 70 fils per share, in addition to a five per cent bonus issue, translating into five shares for each 100 shares held. |
Australia: Boral swings to profit11 February 2015, Published under Cement NewsBoral Ltd today reported a 23 per cent increase in profit after tax (before significant items) to $112m in the six months to the end of December 2014. After significant items, net profit was $104.5m, compared to a loss of $26.3m in the first half of the 2014 financial year. But turnover for the six months to the end of December declined by 20.5 per cent to AUD22285m (€1561m), largely reflecting the transfer of the plasterboard business to joint venture status. EBITDA was off by 5.5 per ce... |