Cement News tagged under: Results
Italcementi reduces nine-month loss10 November 2014, Published under Cement NewsItalcementi's turnover declined by 3.1 per cent to €3,217.5m in the first nine months the year and the running EBITDA eased by 0.6 per cent to €469.3m. Very substantially lower re-organisation costs and a 12.1 per cent reduction in depreciation and impairment charges resulted in the trading profit staging a 48.1 per cent recovery to €160.9m. The net interest charge rose by 15.7 per cent to €100.0m and a larger financial impairment charge, the pre-tax profit jumped from €10m to €40.3m. Af... |
Buzzi Unicem's US profits grow10 November 2014, Published under Cement NewsBuzzi Unicem's turnover for the first nine months edged ahead by 0.2 per cent to EUR1898.7m while EBITDA improved by 10.8 per cent to EUR302.5m. The trading profit was ahead by 15.1 per cent to EUR136.1m and net financial charges declined by 38 per cent to EUR50.7m. The contribution from associates increased by 22.6 per cent to EUR36.1m, and the pre-tax profit advanced by 77.3 per cent to EUR121.8m. The tax charge still rose by 63.1 per cent while the minorities charge declined by 36.4 pe... |
Gulf Cement Company nine-month profit surges07 November 2014, Published under Cement NewsUAE-based Gulf Cement Company registered 62 per cent growth in its net profit to AED73.9m (US$ 20.1m) for the first nine months of 2014, the company said in a statement to Abu Dhabi Securities Exchange. The growth was attributed to a 178 per cent increase in operating income and a 181 per cent rise in gross profit which was enough to offset the sharp drop in investment income. Gross profit soared 181 per cent to AED80.4m, while investment income narrowed 39 per cent to AED32.3m. Earnings ... |
HeidelbergCement shows strong growth in Great Britain06 November 2014, Published under Cement NewsHeidelbergCement's turnover improved by 2.7 per cent to €10,127m in the first nine months of the 2014 and the EBITDA was 5.7 per cent ahead at €1794m. At the trading level, the profit increased by 10.9 per cent to €1241m and after a net interest charge 12.1 per cent higher at €463m, an associates contribution 14 per cent lower at €17m and a lower net exceptional items contribution, the pre-tax profit declined by 15.3 per cent to €803m, giving a the net attributable profit 33.5 per cent down ... |
Lafarge’s nine-month attributable profit falls 25.8 per cent05 November 2014, Published under Cement NewsIn the first nine months of the year, Lafarge's turnover, including its share of joint ventures, declined by 1.3 per cent to €11,332m while the EBITDA edged ahead by 0.5 per cent to €2320m. The trading profit improved by 2.8 per cent to €1589m, while excluding associates there was a 1.2 per cent reduction to €1431m. Net financial charges declined by 6.7 per cent to €701m and the pre-tax profit was three per cent lower at €636m. Following a 33.3 per cent higher tax charge, the net attribu... |
Vicat advances in all group markets except France and Italy05 November 2014, Published under Cement NewsVicat's turnover for the first nine months of the year improved by 6.1 per cent to EUR1847m, which represents an underlying advance of 9.7 per cent. The gearing level was little changed at 51.7 per cent at the end of September compared with 51.3 per cent a year ago and lower than the 52.7 per cent seen at the end of June. Turnover in cement was 10.1 per cent higher at EUR1129m, which represented 53.6 per cent of the group total. Cement deliveries rose by 15.7 per cent to 15.82Mt. The agg... |
Hilal Cement Co net loss widens, Kuwait05 November 2014, Published under Cement NewsKuwait-based cement producer Hilal Cement Co widened its third-quarter net loss to KWD204,435 (US$704,706) from KWD17,250 during the same period of the year before. The loss was mainly attributed to higher sale and administrative costs and lower sales revenue and other income. The operating loss totalled KWD 233,790, compared to a year-earlier profit of KWD 12,777. Total operating revenue climbed almost six per cent YoY to KWD4.6m. Net loss for the first three quarters of the year came ... |
Dangote Cement nine-month pretax profit up 1.5%04 November 2014, Published under Cement NewsDangote Cement said on Monday its pretax profit for the nine months to September rose 1.5 per cent to NGN154.05bn (US$930.7m), compared with NGN151.72bn in the same period of last year. Revenue for the nine month period was NGN310.21bn versus NGN288.98bn in 9M13, the company said in a filing with the Nigerian Stock Exchange. Price cuts The company has recently slashed prices in the country, reportedly to its lowest level since 2005. The company's 32.5 cement grade now selling at NGN1000... |
Oyak Cement Group nine-month net profit surges04 November 2014, Published under Cement NewsOyak Cement Group said its net profit rose by 84 per cent YoY to TRL335.6m (US$150.1m) in the first nine months of 2014. The group, which includes listed companies Adana Cimento, Mardin Cimento, Bolu Cimento, Unye Cimento and Aslan Cimento, said in a statement on Friday that its operating profit increased 37 per cent to TRL338.5m through September and revenue rose 18 per cent to TRL1.1bn. Adana Cimento contributed TRL331.6m to the group revenue in the nine months under review, registe... |
Egyptian Tourah Portland Cement net loss widens04 November 2014, Published under Cement NewsTourah Portland Cement Co more than doubled its third-quarter net loss to EGP35.38m (USD 4.95m) from EGP 14.69m in the same period of last year. The pre-tax loss stood at EGP37.72m versus EGP 20.57m a year earlier and operating loss amounted to EGP37.3m, compared to EGP 15.45m Gross loss came in at EGP16.9m, against EGP 3.56m. Revenue, however rose to EGP259.14m from EGP169.58m in the comparative period of the year before. Last week, parent company Suez Cement reported an increase in t... |