Cement News tagged under: Results
Carthage’s turnover increase fourfold in first six months22 July 2014, Published under Cement NewsTurnover by Tunisia’s newest cement producer, Carthage Cement, amounted to TND101,836m (US$59m), up 419 per cent compared to the same period of last year. Clinker and cement sales totalled TND19.262 and TND64,060, respectively during the six months to the end of June 2014. Readymix concrete activities increased by 25 per cent YoY. Aggregate sales, however, fell 28 per cent due to the absence of infrastructure public works contracts. |
China Tianrui Group expects 15% rise in 1H14 net profit22 July 2014, Published under Cement NewsChina Tianrui Group Cement said it expects to record an increase of about 15 per cent in consolidated net profit for the six months to the end of June 2014 compared to the same period of 2013. The growth was mainly attributable to the substantial increase in sales volume compared to the same period of last year. |
Cemex EBITDA margin under pressure21 July 2014, Published under Cement NewsCemex' first-half turnover improved by 5.7 per cent to US$7736.5m and the EBITDA edged ahead by 1.5 per cent to US$1269.7m, while the trading profit improved by 4.5 per cent to US$721.5m. Net interest payments rose by 15.1 per cent to US$841.4m and, after other charges, there was a pre-tax profit of US$49.2m compared with a US$118.9m loss. At the net attributable level, the loss fell by 49.1 per cent to US$220.3m. Equity shareholders' funds at the end of June declined by 2.6 per cent ... |
UltraTech full-year hit by operational costs21 July 2014, Published under Cement NewsUltraTech Cement, an Aditya Birla Group company, today announced its financial results for the year ended 31 March 2014. Full-year net sales stood at INR58.32bn compared to INR53.91bn in the corresponding period of the previous year. Profit before interest, depreciation and tax was INR13.29bn compared to INR13.83bn. Profit after tax was INR8.38bn against INR7.26bn in FY13. Combined cement and clinker sales were up nine per cent YoY to 12.18Mt (previous year: 11.13Mt). "The year witne... |
Arabian Cement second-quarter exceeds analysts’ forecasts21 July 2014, Published under Cement NewsSaudi-based Arabian Cement reported a 60.2 per cent rise in second-quarter net profit to SAR199.8m (US$53.3m), beating analysts' forecasts. Al-Rajhi Capital noted that while most cement companies reported weak sales volumes this quarter, Arabian Cement bucked the trend and reported strong sales dispatches (+44 per cent YoY) as the company was relatively unaffected by the broader sector issues. Arabian Cement's performance to the three months to the end of June 2014 beat Al-Rahji Capita... |
Colombia boosts Cemex Latin American Holdings18 July 2014, Published under Cement NewsFirst-half turnover at Cemex Latin American Holdings improved by 6.1 per cent to US$864m while EBITDA declined by 7.5 per cent to US$283.1m. At the trading level there was a 9.5 per cent reduction to US$235.6m. After a net interest charge 19 per cent lower at US$47.6m, the pretax profit emerged 4.8 per cent lower at US$184.2m. The net attributable profit declined by 14.3 per cent to US$121.2m. Net debt at the end of June was 12.3 per cent lower than a year earlier at US$1,237m, giving... |
ARM Cement first-half pretax profit 20% higher YoY18 July 2014, Published under Cement NewsARM Cement's pretax profit rose 20 per cent to KES1.2bn (US$13.68m) in the first half of 2014, the Kenyan firm said on Friday. Total revenue increased by 16 per cent YoY to KES7.6bn with cement sales up by 10 per cent in Kenya and by more than a third in Tanzania. "The east African regional economies are growing briskly, and demand for cement, as well as the other products are expected to grow further," the company said. Its fertilizer line also posted good sales growth after the K... |
Cemex heading towards strong earnings rebound17 July 2014, Published under Cement NewsCemex is expected to post a significant rebound in pretax earnings for the full year, driven primarily by the US recovery and an anticipated pick-up in Mexican volumes and pricing, according to JP Morgan forecasts. In a largely positive report on Latin American cement companies, JP Morgan notes: "We like the Cemex story on the back of strong growth in EBITDA…especially from the US and Mexico. Also, growing free cash flow should help to un-leverage its balance sheet. Propelled princip... |
Saudi: Qassim’s 2Q14 net profit slips, sales down 10%16 July 2014, Published under Cement NewsQassim Cement posted a 1.5 per cent decline in net profit for the second quarter of 2014 to SAR161.1m (US$43m). Sales volumes dropped 10 per cent YoY during the three months to the end of June to 1.07Mt on the back of sluggish construction sector activity. Operating profits came in at SAR163.6m. Analysts at Al Rahji Capital have stated that Qassim’s high utilisation rates and its inability to ramp-up capacity have led it to believe that there is “limited upside potential” from current le... |
Saudi Cement posts second-quarter net profit drop15 July 2014, Published under Cement NewsSaudi Cement posted a 6.2 per cent drop in second-quarter net profit on Monday as declining sales impact revenue. The kingdom’s largest listed cement producer by market value made a net profit of SAR288m (US$76.8m) in the three months to the end of June 2014, compared to SAR307m in the comparative period of last year. |