Cement News tagged under: Results
Al Jouf sees double-digit rise in 3Q net profit, Saudi Arabia30 October 2014, Published under Cement NewsSaudi-based Al Jouf Cement Co posted a 17 per cent YoY increase in its third-quarter net profit to SAR8.6m (US$2.29m), boosted by higher sale volumes. Operating profit grew almost 19 per cent in annual terms to SAR2.5m. Gross profit rose 10 per cent to nearly SAR19.7m. During January-September 2014, the company saw its net profit fall 14 per cent on an annual basis to SAR39.7m. Earnings per share (EPS) fell to SAR0.31 from SAR0.35. Operating profit narrowed to SAR50.12m from SAR56.3... |
Cementos Argos 3Q14 net profit jumps 69%29 October 2014, Published under Cement NewsCementos Argos, Colombia’s leading cement producer, posted a 69 per cent jump in net earnings for the first nine months of the year to COP217.5bn (US$111m), boosted by higher US sales. The company reported EBITDA of COP805bn (US$415m) between January and September, an eight per cent increase over the same period in 2013. Revenue was up 16 per cent to COP4.25trn. "The performance in the United States maintains a healthy growth dynamic," the statement said. "Volumes of cement and concrete sh... |
Fauji Cement first-quarter profit edges ahead29 October 2014, Published under Cement NewsPakistan-based producer Fauji Cement on Tuesday announced a net profit of PKR602m (US$5.8m) during the first quarter (Jul-Sep) of the current fiscal, up three per cent YoY. Earnings per share increased to PKR0.45 from an EPS of PKR0.44 during the period under review. Earnings surged by 50 per cent QoQ because of the absence of a preferred dividend, which was recorded at PKR273m during the fourth quarter of FY14 and a lower tax rate of 32 per cent (versus 54 per cent in 4QFY14). Revenue... |
Eagle Materials reports record 2Q volumes29 October 2014, Published under Cement NewsEagle Materials' first-half turnover to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, increased by 15.2 per cent to US$616.78m. The trading profit advanced by 22.5 per cent to US$138.32m. After a net interest charge that was 18.4 per cent lower at US$7,95m, the pre-tax profit rose by 26.3 per cent to US$130.36m. The tax charge was 27.5 per cent higher, leaving the net attributable profit 25.7 per cent ahead at US$88.03m. Net debt decl... |
Siam Cement 3Q net profit down 20% YoY29 October 2014, Published under Cement NewsSiam Cement said on Wednesday its third-quarter net profit dropped 20 per cent YoY due to weak demand for construction materials. Thailand’s largest industrial conglomerate posted July-September net profit of THB7.85bn (US$241.7m). This compared with THB9.79bn a year earlier when the company booked a gain of THB1.5bn. Analysts at Krungsri Securities expect the slowdown to continue through the final three months of the year stating: "The declining trend will likely continue into the fourth ... |
Martin Marietta boosted by TXI acquisition29 October 2014, Published under Cement NewsMartin Marietta Materials, with a three-month contribution from Texas Industries (TX)I, increased turnover by 30.5 per cent to US$2101.6m in the first nine months of the calendar year, while EBITDA almost doubled by rising by 99.2 per cent to US$565.4m. The trading profit rose by 26.5 per cent to US$196.3m and the net interest charge was 10.8 per cent higher at US$45m. Pre-tax profit advanced by 31.1 per cent to US$150m, but the tax charge just over doubled. This left the net profit 6.7... |
Saudi Arabia: Tabuk third-quarter profit down 24%29 October 2014, Published under Cement NewsTabuk Cement Co recorded SAR21.6m (US$5.76m) net profit in the third quarter of 2014, a decline of 23.94 per cent YoY from SAR28.4m. On a quarterly basis, net earnings were down 49.88 per cent from SAR43.1m. In the first nine months of 2014, net profit amounted to SAR108.7m, down 19.66 per cent compared with SAR135.3m a year earlier. |
Kohat Cement 1QFY15 net profit up 11% YoY28 October 2014, Published under Cement NewsPakistan-based producer Kohat Cement posted a net profit of PKR683m (US$6.6m) in the three months to the end of September 2014, up 11 per cent YoY. The company attributed the higher earnings to better income on cash placements and lower financial charges, Sherman Securities reported on Monday. During the first quarter of FY15, sales revenue increased by 11 per cent to PKR2.9bn amid higher cement prices and slight increase in volumes which were up by five per cent YoY. On the other h... |
Kenya: EAPCC swings to full-year loss27 October 2014, Published under Cement NewsEast African Portland Cement posted a net loss of KES386m (US$4.32m) for the year ended June 30, due to price competition, high staff costs and the weakening shilling. The Kenyan cement producer posted a net profit of KES1.7bn a year earlier. The company said its administrative costs had gone up by KES700m following a restructuring of its management, staff compensation and an increase in staff gratuity, Reuters reported. |
Southern Cement 3Q net profit up 53% YoY, beats esitmates27 October 2014, Published under Cement NewsSouthern Cement posted a third-quarter net income of SAR285m (US$76m), rising 53 per cent YoY. The result was above NCB Capital and consensus estimates of SAR200m and SAR196m, respectively. However, on an adjusted basis, earnings were down 7.6 per cent YoY and below estimates by 12-14 per cent. With sales in-line at 1.56Mt, the negative surprise came from higher costs. NCBC estimated costs at SAR102/t, and believes it could have been as high as SAR 122/t. Southern Cement announced... |