Cement News tagged under: Results
Akmenes profit falls by a third, Lithuania22 May 2014, Published under Cement NewsAkmenes Cementas, Lithuania’s only cement manufacturer, last year saw its audited net profit fall by 36.3 per cent to LTL11.676m (EUR 3.38m), from LTL18.329m in 2012. Annual revenues decline by 0.4 per cent to LTL247.557m, from LTL248.43m in the previous year, the company said in its 2013 report submitted to the Center of Registers. Volume sales rose by 6.8 per cent to 1.066Mt from 998,000t in 2012. The domestic market accounted for 44 per cent of total sales, Russia 22 per cent, Bel... |
Holcim sees better performance in Morocco21 May 2014, Published under Cement NewsHolcim Morocco improved its business results in 2013 despite the difficult economic context. By lowering its production costs and optimising its support functions, the company achieved a cost saving of MAD100m (US$12.23m), despite a five per cent decline in operating income compared to 2012. The company succeeded in optimising its clinker factor, lowering power consumption and increased thermal substitution rates as well as rationalised its production process. In the first quarter of ... |
Cementos Molins posts 1Q14 net profit of EUR6.5m21 May 2014, Published under Cement NewsSpain-based Cementos Molins released its first-quarter 2014 results, showing a net consolidated profit of EUR6.5m, up 37 per cent when compared to 1Q13. The group’s domestic companies saw a loss of EUR7.4m although they ‘improved’ their YoY results by increasing clinker exports and implementing cost-cutting measures, helping to mitigate the effect of lower sales in Spain. Cementos Molins’ overseas subsidiaries posted a net profit of EUR14m on the back of increased sales by Corporación M... |
PPC: first-half cement sales edge higher20 May 2014, Published under Cement NewsPPC announced its group cement sales were two per cent higher for the first half of the year to the end of March 2014. Improvements in export sales and the consolidation of sales from its Rwanda operation and newly-acquired Safika Cement business were partly offset by declining sales volumes in South Africa and Botswana. Group revenue increased by nine per cent to ZAR4157m (2013: ZAR3812m) helped also by improving cement pricing and the favourable impact of the devaluation of the rand aga... |
Titan recovers in southern Europe and Florida16 May 2014, Published under Cement NewsTitan's first quarter turnover improved seven per cent to EUR251.8m, under the new accounting rules that ignore the turnover of joint ventures, and the EBITDA staged a 30.9 per cent recovery to EUR30.5m. The pre-tax loss was reduced by 58.7 per cent to EUR9.7m while the net attributable loss declined by 59.4 per cent to EUR11m. Net debt at the end of March, however, was down by 9.2 per cent to EUR541m, giving a gearing level of 38.5 per cent, compared with 41.6 per cent a year... |
EAPCC issues profit warning16 May 2014, Published under Cement NewsEast African Portland Cement Co Ltd (EAPCC) expects profit for its full year through June to fall by more than 25 per cent, it said on Friday. The company blamed rising competition in the sector and high staff costs for the forecast. "These challenges have had an adverse effect on sales revenues whilst staff and other unavoidable costs were incurred," EAPCC said in a statement. |
Eagle boosted by cement and plasterboard, USA15 May 2014, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 36.7 per cent to US$1009.8m. Of this total turnover, cement represented 42.5 per cent, plasterboard accounted for 38.3 per cent, aggregates and concrete for 11.4 per cent and plasterboard liner for 7.7 per cent. The trading profit rose by 64.5 per cent to US$223.27m, helped by strong advances in both cement and plasterboard as additional volu... |
China Resources Cement 1Q14 profit rises 69.6%13 May 2014, Published under Cement NewsChina Resources Cement said its profit attributable to owners for the three months ended 31 March 2014 rose 69.6 per cent YoY to HK$768m. Turnover was HK$6797m, an increase of 13.8 per cent from a year earlier. The gross profit grew 55.2 per cent YoY to HK$2162m. The consolidated gross margin for the reporting period was 31.8 per cent, representing an increase of 8.5 percentage points from 23.3 per cent for the corresponding period last year, which was mainly attributable to improved sellin... |
Cementir advances in Nordic area and Turkey12 May 2014, Published under Cement NewsCementir showed a 6.1 per cent recovery in first quarter turnver to EUR206.6m and EBITDA jumped from EUR9.2m to EUR24.6m, reflecting improved profits from the Nordic countries and from Turkey. At constant exchange rates, the turnover would have been ahead by 17.1 per cent. The trading loss recorded in recent first quarters was replaced by a EUR4.9m profit this time, while the pre-tax loss was reduced from EUR13.7m to EUR1.8m. Net debt at the end of March was 9.4 per cent lower at EU... |
Ancap notes record loss for 201312 May 2014, Published under Cement NewsUruguay’s Ancap closed 2013 with a record loss of US$150m. The company attributed the result partly to developments in the exchange rate, which impacted the cement producer significantly as it borrows in US dollars. However, Ancap has been able to pay the US$513m debt with PDVSA, allowing it to reduce its dollar position and limiting the 2013 loss. CEO, José Coya, said the company will design a “stabilisation programme.” In 2012, Ancap registered a loss of US$14m while in 2011, this ... |