Cement News tagged under: Results
Saudi firms’ net profit up 6% YoY30 January 2015, Published under Cement NewsThe net profit of the Saudi cement firms has registered an increase by six per cent in 2014, reaching US$1.56bn compared with US$1.48bn recorded in 2013, Arab News reported. Profit during the final quarter of 2014 increased by 31 per cent to US$382.86m compared with US$292.46m, during the same period in the previous year, In 2014, seven of the 14 listed companies grew, six companies saw profits drop while Um Al-Qura Company, registered losses in the year. Arabian Cement Company (ACC) reg... |
Pakistan: Attock Cement sees 24% increase in quarterly profit29 January 2015, Published under Cement NewsAttock Cement reported a 24 per cent rise in profit during 2QFY14-15 of PKR554m (US$5.5m) compared to PKR449m in the same period of last year. First-half profit increased 15 per cent to PKR1025m against PKR871m in 1HFY13-14, the Pakistan-based producer reported. Net sales rose to PKR3193m in 2QFY15 compared to PKR3045m in 2QFY14, up by five per cent. First half sales rose seven per cent to PKR 6369m Gross margins also improved markedly by 33.04 per cent compared to 27.46 per cent dur... |
Al Jouf net profit advances 11.6% in 201429 January 2015, Published under Cement NewsSaudi-based Al Jouf Cement recorded a net profit of SAR60.4m (US$16.1m) for 2014, up from SAR54.1m in 2013, the company said in a statement to the Saudi Stock Exchange. The increase was attributed to lower cost of sales and general and marketing expenses, according to the company. Earnings per share (EPS) stood at SAR 0.46 in 2014, versus SAR0.42 a year ago. Operating profit rose to SAR72.5m, up 16 per cent YoY on the year and the gross profit came in at SAR103.5m, up from SAR97m. ... |
Siam Cement fourth-quarter net profit up 11% YoY28 January 2015, Published under Cement NewsSiam Cement PCL, Thailand's largest industrial conglomerate, said on Wednesday its 4Q14 net profit rose 11 per cent due mainly to improving margin for its petrochemical business despite an inventory loss. Net profit was THB8.86bn (US$271.53m) for the October-December quarter, beating analysts' forecasts. For the whole of 2014, net profit dropped eight per cent to THB33.6bn (US$30.66m), the company said in a statement. Ceiling of bond issue raised Meanwhile, Siam Cement also announc... |
UltraTech quarterly revenue rises 15% YoY26 January 2015, Published under Cement NewsIndia's largest cement producer, UltraTech Cement, reported a 15 per cent YoY increase in net sales for the quarter ended 31 December 2014 to INR54.9bn. Earnings before interest depreciation and tax for the three months was up 14.5 per cent to reach INR9.9bn, but profit after tax (PAT) dipped 1.6 per cent to INR3.64bn, compared to the same period of last year. For the first nine months of the current fiscal, revenues jumped 16 per cent and PAT rose seven per cent. Combined domestic ce... |
Saudi: Al Jouf Cement's 4Q14 profit surges22 January 2015, Published under Cement NewsAl Jouf Cement Co posted a SAR20.7m (US$5.51m) net profit for the fourth quarter of 2014, with an increase by 160.49 per cent YoY from SAR7.9m and 141.26 per cent QoQ from SAR8.6m. Meanwhile, FY14 net profit amounted to SAR60.4m, with a rise by 11.69 per cent from SAR54.1m a year earlier. The company attributed the profit rise to higher sales and lower cost of sales. |
Yamama Cement Co fourth-quarter earnings down 14.61% YoY19 January 2015, Published under Cement NewsYamama Cement Co recorded a 14.61 per cent decline in net earnings in the fourth quarter of 2014 to SAR152m (US$40.5m), compared to SAR178m in the comparative period of the previous year. However, earnings were up 10.95 per cent compared to the SAR137m recorded in the 3Q14. Full-year profit also declined by 22.87 per cent YoY from SAR870m. Operating profit also fell 20.63 per cent to SAR658m, compared with SAR829m a year earlier. |
Saudi Cement Co 4Q net profit up 8.91%15 January 2015, Published under Cement NewsSaudi Cement Co has posted a 8.91 per cent rise in fourth-quarter net profit to SAR269m (US$71.7m) from SAR247m and 16 per cent QoQ from SAR232m. The YoY rise in fourth-quarter net earnings was attributed to higher sales due to improved local demand. The cement producer reported SAR1075m net profit for the fiscal year 2014, a decline by four per cent from SAR1124m a year earlier. The company ascribed the lower cement sales to lower local demand and an increase in selling and distribution ex... |
Yanbu Cement 4Q net earnings up 20.63%12 January 2015, Published under Cement NewsSaudi producer Yanbu Cement Co posted SAR193m (US$51.4m) net earnings for the fourth quarter of 2014, rising 20.63 per cent from SAR160m in 4Q13 and 18.4 per cent from SAR163m in 3Q14. However, full-year net earnings fell 2.31 per cent YoY from SAR821m to SAR802m. Earnings per share (EPS) decreased from SAR5.21 to SAR 5.09. The cement producer attributed fourth quarter profit growth to higher sales and lower sale costs on improved operating efficiency. The full-year profit decl... |
South Valley Cement 9M14 net profit up 10.5% YoY16 December 2014, Published under Cement NewsGiza-based South Valley Cement Co's net profit for the first nine months of 2014 rose by 10.5 per cent YoY to EGP100.58m (US$14m). Net profit for the corresponding period of 2013 stood at EGP91m, the company said in a filing to the Cairo stock exchange. Last month, South Valley Cement approved a capital increase of more than EGP602.8m and ratified a long-term loan of EGP1.27bn from five Arab banks. The company is planning to use the cash to finance expansion in cement milling and storag... |