Cement News tagged under: Results
Tvornica Cementa Kakanj first-half net profit increases28 July 2014, Published under Cement NewsBosnia-based Tvornica Cementa Kakanj (TCK) net profit rose by 6.25 per cent to BAM8.5m (EUR4.3m) in the first half of 2014 compared to BAM8m a year earlier, the company said on Friday. The HeidelbergCement group company said first-half operating income decreased by 1.5 per cent YoY to BAM31.9m while operating costs fell to BAM23.2m from BAM24.5m. TCK is based in Kakanj, in the Muslim-Croat Federation, one of the two autonomous entities that form Bosnia and Herzegovina. |
Lafarge reiterates 2014 demand growth rate25 July 2014, Published under Cement NewsLafarge has confirmed its 2014 sales volumes target for the year with an improving US outlook and signs of recovery in Europe, although emerging markets continue to be the main driver of growth. First half turnover came off by 3.8 per cent to EUR6000m and the EBITDA was one per cent lower at EUR1155m, while the trading profit eased by just 0.3 per cent to EUR609m. The net attributable profit did improve by three per cent to EUR205m. Net debt at the end of June was 15 per cent lower at... |
ACC net profit down 7%, improving demand outlook25 July 2014, Published under Cement NewsIndia’s second-largest cement producer, ACC, reported a seven per cent decline in profit for the second quarter of the year as operational costs continued to rise. However, improvements on the demand front were noted, a trend which the Holcim group company expects to continue. During the quarter ended June 2014, consolidated turnover was up 7.8 per cent to INR30bn (US$5bn). EBITDA, however fell 7.7 per cent to INR4.5bn. Net profit was down 7.1 per cent to INR2.43bn. The company said it ... |
Pacasmayo cement volumes rise 3.5% in first six months25 July 2014, Published under Cement NewsPeruvian producer Cementos Pacasmayo reported a 3.5 per cent increase in cement sales volumes for the first six months of the year, exceeding the national average of 0.84 per cent. Consolidated sales increased 2.9 per cent YoY in the first half of 2014. Higher cement sales and a 57.2 per cent increase in quicklime dispatches were offset by a decline in concrete sales. Gross profit fell 4.1 per cent mainly due to the temporary imports of clinker and the fall in concrete demand. Net inco... |
Eagle advances cement volumes by 4%23 July 2014, Published under Cement NewsIn the first quarter of its financial year to 31 of March 2014, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 17 per cent to US$298.8m. The trading profit advanced by 21 per cent to US$59.8m and after an interest charge 18.2 per cent lower at US$4.1m, the pre-tax profit was up by 25.2 per cent to US$55.81m and the net attributable profit rose by 25.3 per cent to US$37.7m. Net debt at the end of June stood at US$490.7m, giving a gear... |
Suez Cement 1H earnings rise on cost control efforts23 July 2014, Published under Cement NewsSuez Cement Group of Companies (SCGC) posted an increase in revenues and earnings for the first half of 2014 which it attributed in part to cost control measures. While the outlook for cement demand is more encouraging, energy shortages remain a key concern for the Italcementi group company. SCGC, which operates a network of five production facilities across Egypt, reported a 23 per cent increase in consolidated revenues in the six months to the end of June 2014. Recurring EBITDA was six p... |
Al-Jouf Cement returns to quarterly profit23 July 2014, Published under Cement NewsAl Jouf Cement has posted a 16.4 per cent rise in second-quarter net profit following five consecutive quarterly declines. A gradual improvement in shipments for the three-month period is also leading the Saudi-based company to anticipate a full recovery by year-end. During the second quarter of the year, the company posted a net profit of SAR16.1m. The results were slightly above analyst consensus estimates of SAR13.5m. Cement dispatches rose 1.6 per cent YoY to 368,000t showing sign... |
SCCC second-quarter net profit down, Thailand23 July 2014, Published under Cement NewsSiam City Cement Co (SCCC), Thailand's second-largest cement producer, posted a nine per cent YoY decline in 2Q14 net profit to THB1.47bn (US$46m) due to foreign exchange losses and declining equities revenue from associated companies. Net sales were ahead by 4.4 per cent YoY to THB7.8bn but fell 10 per cent QoQ on seasonal effects. First-half net profit increased by 19.2 per cent to THB3.38bn on sales of THB16.5bn, up by 10 per cent. "Net profit and profitability margins improved furt... |
RAK Cement swings to first-half net profit, UAE22 July 2014, Published under Cement NewsPreliminary first-half results for Ras Al Khaimah Cement (RAK Cement) show that the UAE-based producer achieved a net profit of AED3.2m (US$871,198) compared to a loss of AED1.6m in the equivalent period of last year. In a statement to the Abu Dhabi Securities Exchange revealed that revenues from local sales amounted to AED37.5m (US$10.2m) against AED38m in 2013, down 1.05 per cent YoY. Export revenue, on the other hand, climbed five per cent to AED84m compared to AED80m in the year-ago pe... |
Oman: OCC profit rises despite drop in sales22 July 2014, Published under Cement NewsOman Cement Co (OCC) posted a 4.3 per cent rise in net profit before tax for the first six months of this year, despite a drop in sales. The sultanate’s second-largest cement producer by capacity reported a pretax profit of OMR9.9m (US$25.7m) during the period compared to OMR9.5m in 1H13. Sales in the first half of 2014 stood at OMR3.7m, down 5.9 per cent on the OMR27.3m seen in the comparative period of last year. |