Cement News tagged under: Results
Lucky boosted by higher volumes and pricing03 September 2014, Published under Cement NewsPakistan’s largest cement producer, Lucky Cement, reported a net profit of PKR11.3bn (US$110.34m) for the fiscal ending 30 June 2014, up 16.4 per cent compared to PKR9.7bn in the previous year. Earnings growth was primarily supported by higher sales volumes and prices during the period. On a quarterly basis, earnings grew four per cent QoQ to PKR3.15bn. Revenue increased 14 per cent YoY to PKR43.08bn during FY14 because of a nine per cent rise in sales volumes to 6.62Mt and a 14 per ce... |
Cimpor's 1H14 cement sales rise by 10.8%01 September 2014, Published under Cement NewsCimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while the EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pre-t... |
Heracles profit lifted by exports, demand pick up01 September 2014, Published under Cement NewsGreece-based Heracles General Cement Co reported a 9.3 per cent YoY increase in sales for the first half of 2014 to EUR123.4m. At the parent company level, sales reached EUR110.4m, up by eight per cent. In an announcement, Greece's largest cement producer said the stronger sales performance was boosted by "increased export activity and stronger domestic demand from low levels.” It added that: "After five years of continuing recession in the domestic market, sales were positively affecte... |
China Tianrui Group Cement Co attributable profit climbs 15.6% YoY29 August 2014, Published under Cement NewsChina Tianrui Group Cement Co said its attributable net profit for the six months to the end of June 2014 rose 15.6 per cent YoY to CNY327m (US$53.2m). Revenue rose 15.4 per cent from a year earlier to CNY4296m. The gross profit margin increased to 22.3 per cent in 1H14 versus 21.6 per cent in 1H13, primarily due to the lower cost of sales and slightly higher average selling prices of cement. |
Boral's cement shipments rise by three per cent28 August 2014, Published under Cement NewsBoral's turnover in its financial year to the end of June 2014 eased by 1.6 per cent to AUD5204m (EUR3646m), but the EBITDA improved by 3.9 per cent to AUD556m (EUR390m). The trading profit advanced by 28.9 per cent to AUD294m (EUR206m) and after a net interest charge 14.4 per cent lower at AUD83m (EUR58m) the pre-tax profit rose by 62.7 per cent to AUD211m (EUR148m). The net attributable profit went from an AUD212m (EUR149m) loss to a profit of AUD173m (EUR121m) profit. Net debt at t... |
KHD sees slight rise in 1H revenue28 August 2014, Published under Cement NewsGerman equipment and cement industry services specialists KHD Humboldt Wedag reported a slight increase in first-half revenue compared to the same period of last year but saw a low order intake due to poor market conditions. In a statement released today, the company said its performance in the first six months to the end of June 2014 “continued to be affected by weak market conditions and unsatisfactory margin quality in the order backlog.” Positive earnings contribution from the Parts &... |
Ceskomoravsky full-year profit hit by low domestic consumption levels28 August 2014, Published under Cement NewsCeskomoravsky Cement, the leading cement producer in the Czech Republic, posted a profit of CZK586m (EUR21.122m) last year, continuing a decline that began in 2009. The wholly-owned HeidelbergCement group company saw sales revenue down by CZK100m to CZK2.68bn, Ceskomoravsky Cement said in its annual report. The decline is attributed to falling domestic consumption which last year was down by six per cent to a record low of 3.2Mt. "The continuing impacts of the economic crisis and abs... |
AdBri 1H net profit falls, revenue edges ahead28 August 2014, Published under Cement NewsAdelaide Brighton reported a 3.9 per cent rise in first-half revenue to AUD602m, as improved pricing and increased cement from the residential sector on the eastern seaboard offset a decline in project volumes in South Australia and a reduction in lime sales volumes. The company reported a net profit for the half year ended 30 June 2014 of AUD51.2m, down 15.9 per cent compared to the same period of last year. Adjusting for significant items, underlying net profit of AUD61.2m was 2.9 per... |
Lafarge Cement Wapco pretax profit and revenue rise27 August 2014, Published under Cement NewsLafarge Cement Wapco reported a double-digit rise in pretax profit and revenue for the first half of 2014 as demand remained strong despite the rainy season slowing building activity. The company, which last month merged with Lafarge’s South African subsidiary, reported a pretax profit of 29 per cent rise in first-half to NGN17.74bn (US$85m). Revenue rose by 12 per cent to NGN55.35bn (US$341m) from NGN49.48bn in the corresponding period of last year. The company said it achieved growth ... |
Cementarnica Usje 1H14 net profit up 28% YoY27 August 2014, Published under Cement NewsMacedonian producer Cementarnica Usje AD Skopje said on Tuesday its consolidated net profit rose 28 per cent to MKD789.2m (EUR12.8m) in the first half of 2014. Operating revenue rose by 15 per cent to MKD2bn in the six months to the end of June while operating costs increased five per cent to MKD1.3bn, Usje said in a consolidated financial statement. Usje is Macedonia’s sole cement producer, owned by Greek cement major Titan by means of a 94.8 per cent stake. Its 0.9Mta production plant ... |