Cement News tagged under: Results
Anhui Conch issues positive profit alert, China03 July 2014, Published under Cement NewsYesterday, Anhui Conch said it expects first-half net profit up about 90 per cent YoY compared to CNY3.06bn (US$492.75m) a year earlier. The advance is being attributed to increased product sales and prices. Dow Jones cited a report by Barclays which says higher sales and lower coal prices are responsible. "We expect the share price to react positively" Thursday but the stock may "then fall back on ongoing seasonal weakness in cement prices," Barclays says. This may persist throughout the... |
China Resources sales exceed guidance27 June 2014, Published under Cement NewsChina Resources Cement said its cement and clinker sales prices have exceeded expectations this year, meaning that first half profit "is expected to be significantly increased as compared with the corresponding period in 2013," the company says. "The strong cement price in off season (2Q14) is suggesting better and demand balance in southern China," says Guotai Junan Securities. "We believe cement price might pick up in 4Q14 and recent sell-off makes CR Cement more attractive." |
Iskitimcement forecasts flat 2014 sales30 May 2014, Published under Cement NewsIskitimcement, based in Novosibirsk region, Siberia, said sales are expected to remain flat this year at 1.7M, according to Russian media. The company plans to produce 1.703Mt of cement in 2014, up one per cent on the previous year, Esmerk Russian News reported. Iskitimcement, in which Siberian Cement holds a 25 per cent stake, plans to invest develop its logistics system and to improve the product quality in 2014 with an investment of RUB75m, up 16.4 per cent on the 2013 development spen... |
India Cements post fourth-quarter loss28 May 2014, Published under Cement NewsIndia Cements has swung to a loss in the final quarter of the current fiscal compared to a profit last year on weak demand and overcapacity in southern markets. The Chennai-based company reported a net loss for the January-March 2014 period of about INR31 crore, compared with a profit of INR27 crore in the comparative period of the previous year. "The southern market suffers from the capacity overhung. This is not the case with north and east. This has hurt realisations," said N Srini... |
JK Lakshmi ends FY13-14 on a strong note26 May 2014, Published under Cement NewsJK Lakshmi cement reported a 59 per cent increase in net profit for the final quarter of FY13-14 and anticipates a brighter outlook for the domestic market through the year. The Indian-based producer said net profit for the three months to the end of March 2014 rose to INR52.91 crore compared to INR33.34 crore in the same quarter of the previous year. "The net profit has gone up by 59 per cent during the January-March quarter on three things: higher volume, better efficiency of the p... |
Higher sales boost Lafarge Malaysia 1Q1423 May 2014, Published under Cement NewsLafarge Malaysia’s revenue for the 1Q14 was 4.9 per cent higher YoY to MYR676.6m (210.7m), mainly due to higher cement and aggregate sales volumes. Revenue growth was partially offset by lower sales in the aggregate and concrete division attributed to the completion of the KLIA 2 project, the group said in a statement. The group registered net profit of MYR97.2m for the quarter, a 32.4 per cent YoY increase, mainly as a result of higher revenue from its cement division. Compared to t... |
Arabian Cement Co first-quarter update23 May 2014, Published under Cement NewsArabian Cement Company (ACC) posted a EGP116.4m (US$16.3m) net profit for the first quarter of 2014. ACC was the first major listing on Cairo's bourse since the 2011 political uprising, raising US$110m. |
Currency movements depress Cimpor profits22 May 2014, Published under Cement NewsCimpor has reported an adjusted first-quarter turnover 6.8 per cent lower at EUR592.5m and the EBITDA declined by 9.7 per cent to EUR133.1m. Measured in local currency, however, there was a profit growth rate of 15.3 per cent, but the euro strengthened considerably against most other currencies in which Cimpor trades. The trading profit (EBIT) was 8.8 per cent lower at EUR 89.8m. The net financial jumped from EUR28.9m to EUR 92.9m to give a pre-tax loss of EUR3.1m, compared with a profit o... |
AdBri forecasts flat demand and net profit22 May 2014, Published under Cement NewsAustralia-based producer, Adelaide Brighton, said it expects profit to be flat for this year and cement and clinker demand also to be similar to 2013. Chief executive, Martin Brydon, told shareholders at the company's annual general meeting in Adelaide that excluding certain items, both first half net profit and full year net profit in 2014 would be similar to those of 2013. "First half 2014 net profit after tax is expected to be similar to the same period in 2013, excluding a net restr... |
Malaysia: YTL profit increases 40.5% YoY22 May 2014, Published under Cement NewsMalaysian construction conglomerate YTL Corp Bhd saw its profit increased 40.5 per cent to MYR1.93bn (US$601.7m) for the nine months ended 31 March 2014 compared to the same period of the previous year thanks to better performances from its cement, property development and investment and hotel divisions. Despite strong growth in its group profit, YTL’s revenue declined a marginal 1.9 per cent to MYR14.66n during the period under review from MYR14.95bn due to decreases in its construction a... |