Cement News tagged under: Results
Titan's Florida business advances strongly01 August 2014, Published under Cement NewsTitan's first-half turnover improved by 3.9 per cent to EUR571.2m while the EBITDA was ahead by just 0.8 per cent to EUR89m. Following a 10.3 per cent reduction in the depreciation charge, the trading profit improved by 23.5 per cent to EUR35.9m. After a net financial charge 11.9 per cent lower at EUR29.7m and other items, there was a pre-tax profit of EUR6.7m compared with a loss of EUR12.4m a year earlier. At the net attributable lever there was a EUR2.9m profit, compared with a loss of ... |
Lafarge Africa first-half profit rises 29% YoY01 August 2014, Published under Cement NewsLafarge Africa said its first-half profit rose 29 per cent to NGN17.75bn (US$109.61m), compared with NGN13.80bn in the same period of last year. Gross earnings rose to NGN55.35bn, from NGN49.48bn in the same period last year, the company said in a filing with the Nigerian Stock Exchange. |
Italcementi suffers from jump in financing costs31 July 2014, Published under Cement NewsItalcementi's first-half turnover declined by six per cent to EUR2048.4m, but the running EBITDA did improve by 2.2 per cent to EUR304.8m. Helped by a 6.2 per cent reduction in the amortisation and depreciation charge, the trading profit improved by 27.7 per cent to EUR99.8m. A 66.5 per cent jump in financing costs, largely related to interest rate derivatives and derivatives on CO2 hedging, led to a net financial charge of EUR75.1m. After contribution from associates and impairment charg... |
SGC second-quarter declines on weaker demand31 July 2014, Published under Cement NewsSiam Cement Group (SCG) reported a 14 per cent decline in second-quarter net profit due in part to weaker domestic cement demand as months of political unrest have delayed spending on infrastructure projects. Profit for the three months to the end of June fell to THB8.53bn, which was also impacted by lower chemical earnings. SCG chief executive, Kan Trakulhoon, said Thai cement demand is expected to increase by zero to one per cent due to a drop in construction activity and a lack of n... |
Holcim's turnover brought lower by exchange rates30 July 2014, Published under Cement NewsHolcim's cement deliveries improved by two per cent to 70Mt in the first six months, and the underlying advance was 2.8 per cent. Sales of other mineral components recovered by 7.6 per cent to 1.8Mt. Shipments of aggregates edged ahead by 0.2 per cent to 69.6Mt and ready-mixed concrete deliveries declined by three per cent to 18.1Mm³, while asphalt sales rose by 21.8 per cent to 4.1Mt. Turnover declined by 6.1 per cent to CHF9,649m, or by 5.4 per cent in euro terms to EUR7,419m, while on ... |
HeidelbergCement improves net profit by 53.5%30 July 2014, Published under Cement NewsHeidelbergCement's first half turnover increased by 2.1 per cent to EUR6318m and the EBITDA improved by 2.1 per cent to EUR927.6m while the trading profit advanced by 8.9 per cent to EUR566.2m. After a net interest charge 3.2 per cent lower at EUR244.7m and other financial items, the pre-tax profit rose by 35.4 per cent to EUR275.4m and the net attributable profit grew by 53.5 per cent to EUR86.8m. Net debt at the end of June was 0.3 per cent lower than a year earlier at EUR8018m, giving ... |
Cementir's growth impeded by the strong euro30 July 2014, Published under Cement NewsCementir's turnover emerged just 0.1 per cent ahead at EUR472.8m in first half of the year, as the improvement in Denmark and Norway was offset by currency weakness and the continuing decline in Italy. EBITDA, however, rose by 26.4 per cent to EUR78.4m and was helped by a 7.8 per cent reduction in depreciation and similar charges. The trading profit was more than doubled and jumped ahead by 112 per cent to EUR37.6m. The net financial charge was jumped from EUR2.8m to EUR7.3m, resulting in... |
Martin Marietta's net profit trebles30 July 2014, Published under Cement NewsMartin Marietta Materials, the fourth-largest US aggregates producer, has announced a first-half turnover 161.9 per cent ahead at US$1097.8m and the EBITDA improved by 23.8 per cent to US$163.8m. The trading profit rose by 73.4 per cent to US$80.3m and after a net interest charge that was 7.4 per cent lower at US$25.1m, the pre-tax profit emerged at US$52.0m compared with US$19.1m and the net attributable profit virtually trebled to US$26.5m. Net debt at the end of June was less than ... |
Holcim Philippines 1H14 net profit up on strong sales29 July 2014, Published under Cement NewsHolcim Philippines booked a net profit of PHP3.32bn (US76.5m) in the first half of 2014, up 8.7 per cent compared to the same period of last year. The country’s largest cement producer registered record sales as construction activity went into full swing during the summer months. Second-quarter revenues rose YoY by 8.5 per cent to PHP1.8bn. “On top of the sustained government and private sector spending, we now see some major Private-Public Partnership projects being implemented in the ... |
UCC first-half net profit surges, UAE28 July 2014, Published under Cement NewsUnion Cement Company (UCC) net profit surged 181 per cent to AED59.4m (US$988,165) in the first half of 2014 compared to AED21.15m in 1H13. In its statement to the Abu Dhabi Securities Exchange UCC said its second quarter results showed a net profit of AED41.25m versus AED15.5m during the same period of last year. |