Cement News tagged under: Results
Raysut posts flat quarterly profit, Oman12 May 2014, Published under Cement NewsRaysut Cement, Oman's largest cement producer by market value, reported a flat first-quarter profit on Monday. The company made a profit of OMR8.23m (US$21.4m) in the three months to 31 March, up from OMR8.17m in the year-earlier period, according to a statement to Muscat's bourse. |
Buzzi Unicem 1Q14 cement sales rise by 15%09 May 2014, Published under Cement NewsBuzzi Unicem has announced that in the first quarter 2014, cement and ready-mix concrete demand increased in all geographical areas of group operations compared to the same period a year earlier. Domestic deliveries in Italy were still difficult, but some progress was made in sales of clinker. Cement sales by the group at 4.8Mt in 1Q14 were up 15.2 per cent from 1Q13. Volumes showed robust growth especially in Central Europe. Ready-mix concrete volumes had an even more marked progress and... |
1Q14 turnover declines for Italcementi, while EBITDA recovers09 May 2014, Published under Cement NewsItalcementi's first quarter turnover declined by 3.3 per cent to EUR932.9m while the running EBITDA staged a 10.2 per cent recovery to EUR95.5m. The trading loss was reduced by 74.6 per cent to EUR4.2m and net interest charges increased by 29.3 per cent to EUR33.2m. The pre-tax loss increased by 19.6 per cent to EUR44.2m, but a lower tax charge reduced the net attributable loss by 12.7 per cent to EUR68.3m. The net debt at the end of March was 1.4 per cent lower at EUR2,076.5m, to give a ge... |
Peru: Unacem market share slips to 49%06 May 2014, Published under Cement NewsPeruvian cement company Unacem has seen its market share fall from 51.42 per cent in 1Q13 to 49.14 per cent in 1Q14, according to news service Gestión. The cement maker has attributed the decline to a combination of “aggressive competition from imported cement at dumping prices and lower cement demand”. |
Steppe Cement profit rises as Kazakh market grows 13%02 May 2014, Published under Cement NewsKazakhstan-based Steppe Cement Friday reported an increase in profit and revenue in the full year 2013, as domestic demand grew by double-digit figures. Steppe posted pretax profit of US$13m for 2013, up from US$12m a year earlier, as revenue rose to US$123m from US$120.2m in 2012. EBITDA for 2013 rose to US$28.7m compared with US$24.9m in 2012. Steppe said it sold 1.4Mt of cement during the period, up from 1.3Mt a year earlier, while selling prices increased five per cent in US dollar... |
Cemex increases first-quarter volumes01 May 2014, Published under Cement NewsCemex' first-quarter turnover increased by 8.2 per cent to US$3590.7m, while the EBITDA improved by 2.7 per cent to US$535m. The trading profit rose by 11.7 per cent to US$267.7m. The net interest charge increased by 10.4 per cent to US$406.9m, to give a pre-tax loss 11.3 per cent higher at US$167.9m. The effective net debt was 0.9 per cent higher at US$16,325m, of which 88 per cent was in US dollar, 10 per cent in euro and two per cent in Mexican peso, with 66 per cent of the debt being ... |
Orient Cement net profit falls 27%, India01 May 2014, Published under Cement NewsOrient Cement Ltd on Wednesday announced it has reported a decline of 27.06 per cent in its net profits for the fourth quarter ended March 2014. “The net profit of the company stood at Rs 36.12 crore during the same period a year ago,” said Orient Cement in a filing to the Bombay Stock Exchange. Total income of the company decrease by 2.07 per cent to INR402.43 crore during final quarter of FY13-14, from INR410.92 crore during the same period a year ago. |
Cemex LatAm Holdings sees growing cement shipments in Colombia30 April 2014, Published under Cement NewsCemex Latin American Holdings' turnover increased by 10.3 per cent in first quarter of the year to US$422.8m, but the EBITDA was just 0.2 per cent ahead at US$141m. The increase at the trading level was 2.4 per cent to US$118.1m. After a net interest charge 17 per cent lower at US$24.4m, the pretax profit did improve by 13.3 per cent to US$94.3m and the net attributable profit more than doubled to US$54.6m. Net debt at the end of March was 18.5 per cent lower than a year earlier at US$123... |
Asia Cement (China) earnings surge30 April 2014, Published under Cement NewsAsia Cement (China) said its profit attributable to owners for the first three months of 2014 was 13.73 times higher YoY at CNY127.7m (US$20.4m). Revenue rose to CNY1.6bn, an increase of 20.6 per cent from a year earlier. The leap in the group’s earnings for the period was mainly attributable to an increase in average selling prices and a decrease in cost of coal over the same period last year, the company said in a statement. During the period the group sold 5.29Mt of cement and clinker,... |
OCC quarterly profit affected by lower output30 April 2014, Published under Cement NewsOman Cement Co (OCC) reported a 47 per cent decline in net profit to OMR3.70m (US$9.61m) for the first three months of the year as a planned kiln shut down for expansion works affects production and lowers profitability. OCC, Oman's second-largest cement producer, has embarked upon a capacity upgrade project for one of its kilns which, upon completion will increase output by 2700tpd. “Since the project is in the final stage and nearing completion, and as a part of planned project act... |