Cement News tagged under: Results
PPC full-year cement sales rise 2%20 November 2014, Published under Cement NewsSouth Africa's largest cement producer, PPC, reported a two per cent rise in cement sales for the full year to the end of September 2014, as growth in some of its sub-Saharan markets was offset by challenging operating conditions at home. Group revenue increased by nine per cent to ZAR9.04bn (US$818m), mainly attributable to the consolidation of Safika Cement and Pronto Readymix as well as the full-year impact of Cimerwa. On a like-for-like basis, revenue would have been three per c... |
Lafarge Malaysia's 3Q14 pretax down 54.2%19 November 2014, Published under Cement NewsLafarge Malaysia reported a 54.2 per cent drop in third-quarter pretax profit on lower revenue and higher operating cost arising from the increase in electricity and fuel prices. Pretax profit for the three months to the end of September 2014 plunged to MYR73.9m (US$21.98m) from MYR161.41m a year earlier, the country's largest producer said in a statement released yesterday. Revenues over the three month period fell to MYR664.63m from MYR728.01m in 3Q13. The decline in sales mainly att... |
Holcim: 2015 expected to be "solid year"18 November 2014, Published under Cement NewsHolcim expects 2015 to be a “solid year” for the group as it aims to achieve substantial improvement of its results. In a statement released ahead of today's Holcim Investor and Analyst Day 2014, the Swiss cement major said it anticipates 2015 like-for-like operating profit (excluding merger-related costs) to be in the range of CHF2.7-2.9bn (EUR2.2-2.4bn/US$2.8-3bn). Group companies in India, Indonesia, the USA, Mexico and the UK are being seen as the main growth drivers. The company ... |
Ashaka nine-month net profit up 3% YoY17 November 2014, Published under Cement NewsAshaka Cement Plc nine-month results for the period ended 30 September 2014 showed revenue growth of three per cent YoY to NGN17.3bn (US$100.9m) profit after tax rose 103 per cent YoY to NGN4.3bn. Nine months results for the period ended 30 September, 2014 showed revenue growth of three per cent YoY to NGN17.3bn profit after tax rose 103 per cent YoY to NGN4.3bn. On a quarterly basis, profit after tax was down 47 per cent QoQ to NGN847m due to a sharp fall in other income from NGN243m i... |
Titan suffers in Egypt, but improves elsewhere14 November 2014, Published under Cement NewsTitan’s turnover improved by 3.3 per cent to EUR879.7m in the first nine months of 2013, but EBITDA edged ahead by just 0.1 per cent to EUR146.7m. In the third quarter the EBITDA did decline by one per cent. The trading profit for the nine months was 0.7 per cent lower at EUR57.9m and, after a 6.9 per cent reduction in net financial charges and a positive contribution from associates of EUR3.6m, there was a pre-tax profit of EUR47.4m profit compared with a EUR1.1m loss. There was a net at... |
India Cements: back in the black13 November 2014, Published under Cement NewsIndia Cements has reported a profit for the July-September quarter on higher income and lower expenses following a loss in the same period of the previous year. For the three months to the end of September 2014, the company posted a net profit of INR7.5 crore against loss of INR22.5 crore in the year-ago period. Total income from operations grew by 3.84 per cent to INR1136 crore in the quarter ended September 2014 from INR1094 crore in same quarter a year earlier. Operating profit ... |
UAE: National Cement nine-month net profit up 2% YoY13 November 2014, Published under Cement NewsUAE-based producer National Cement Company said on Wednesday its net profit for the first nine months of 2014 rose 1.97 per cent to AED77.5m (US$21.1m) from AED76m in the corresponding period of 2013. Earnings per share (EPS) stood at AED 0.22, compared with AED 0.21. Revenue of the building materials producer fell to AED161.9m from AED174m. |
Raysut Cement nine-month net profit up 8% YoY12 November 2014, Published under Cement NewsRaysut Cement, Oman's biggest cement producer, reported an eight per cent increase in net profit to US$60.21m compared with US$55.71m in the same period of last year. Revenue was US$183m for the period, just ahead of the US$182m recorded in the first nine months of 2013. "While there are positive signs of growth in Oman market, the same is not being translated into cement demand due to sever competitions from the UAE suppliers. The competitions are also experienced in the Yemen and ea... |
CRH's nine-month results show growth11 November 2014, Published under Cement NewsIn its autumn trading statement, CRH said that turnover improved by three per cent in Europe and by five per cent in the Americas, or four per cent overall. EBITDA should be ahead by around 10 per cent on both sides of the Atlantic, having seen a 27 per cent rise during the first half (+61 per cent in Europe and broadly unchanged in the Americas). Depreciation and amortisation charges are expected to be around five per cent lower than in 2013 and the net interest charge is forecast to be... |
Cementir boosts pretax profit11 November 2014, Published under Cement NewsCementir's turnover for the first nine months of 2014 declined by 3.7 per cent to EUR714.7m as the Turkish and Egyptian currencies declined against the euro and Italian volumes fell further. EBITDA, however, did increase by 10 per cent to EUR127.7m and the trading profit advanced by 31.7 per cent to EUR66.8m. After a net financial charge that was reduced by 72.4 per cent to EUR3.1m, the pre-tax profit jumped by 60.7 per cent to EUR63.7m compared with EUR39.7m a year ago. Net debt a... |