Cement News tagged under: Results
Huaxin Cement positive 1Q profit alert, China16 April 2014, Published under Cement NewsHuaxin Cement Co Ltd anticipates net profit for 1Q14 to increase by 350-400 per cent YoY, compared with a profit of CNY25.74m in the corresponding period of 2013, the company said. The Hubei Province-based company, part of the Holcim group, attributes the profit growth to increasing cement product sales and prices. |
China Resources Cement sees strong growth in attributable profit15 April 2014, Published under Cement NewsChina Resources Cement (CRC) has said it expects profit attributable to shareholders for the quarter ending 31 March 2014 to be significantly higher compared to the corresponding period of 2013. The improvement is mainly attributed to higher average selling prices (ASP) of cement and clinker as well as reduced coal costs compared to 1Q13. The company’s quarterly results announcement will be issued at the end of April. Macquarie Research has slightly lifted its target price for the compa... |
Saudi Cement: first-quarter net profit declines15 April 2014, Published under Cement NewsSaudi Cement Co posted a 16 per cent decline in net profit for the first three months of this year due to lower domestic demand and losses from an associate company. The Saudi-based cement producer reported a profit of SAR286m (US$76.3m) in the three months to 31 March, down from SAR340m in the corresponding period of 2013, the company said in a bourse statement. The decline was attributed to falling local demand. Saudi Cement said it also had exposure to an associated company’s loss after... |
Carthage sees strong rise in 1Q turnover14 April 2014, Published under Cement NewsTunisia’s Carthage Cement saw its turnover increase 337 per cent YoY to TND41.945m (US$26.53m) in 1Q14. However, its aggregates business saw sales fall 34 per cent following a three-week stoppage. The production level was affected by 22 days of social unrest in the Mornag region that prevented Carthage Cement workers to go to work, according to the management. The company’s ready-mix sales expanded by 10 per cent despite the lower deliveries of gravel from the quarry, which were also af... |
Qassim Cement 1Q14 net profit declines09 April 2014, Published under Cement NewsQassim Cement Company reported net profits amounting to SAR159m (US$42.4m) in the first quarter of 2014, down 5.59 per cent for the same period of the last year. In a statement issued today, the Saudi-based company said that dividends per share amounted to SAR1.77 compared to SAR1.87 for the same period of the last year. |
Saudi Arabia's cement industry looks forward to good times07 April 2014, Published under Cement NewsSaudi Arabia's cement companies are preparing for long-term cement demand growth as they expand their capacity. However, for some such as Yanbu Cement, the past quarter has seen earnings contract. NBK Capital raised Yamama Cement’s share value from SAR52.50 (US$14.00) to SAR54.42. Several new megaprojects are scheduled to come online, which are expected to drive longer-term cement demand. In addition, cement demand had been heavily focussed towards the Western Region in the past two years... |
Lafarge Pakistan net sales rise 7% YoY04 April 2014, Published under Cement NewsReleasing further details on its 2013 performance, Lafarge Pakistan Cement said it saw net sales grow by seven per cent to PKR10.302m (US$105m) from PKR9624m. The company increased the use of alternative fuels from 28 per cent in December 2012 to 32 per cent in 2013. Power shortage persisted in the country and to avoid a complete shutdown the company rented generator sets. While this proved to be an extensive alternative, it resulted in a net gain for the company. Gross profit increased to... |
Texas Industries third-quarter net loss widens03 April 2014, Published under Cement NewsDuring the first nine months to the end of February, Texas Industries Inc saw turnover rise by 34.4 per cent to US$649.8m and the EBITDA advanced by 46 per cent to US$69m. After a more than doubling of the net interest charge from US$22.5m to US$52.2m, a US$2.8m merger charge and a 95.9 per cent jump in other net costs, the pre-tax loss rose by 47.8 per cent to US$41.7m and the net loss jumped by 98.9 per cent to US$39m. The net debt at the end of February was 2.8 per cent lower at US$611m... |
Lafarge Republic boosted by robust demand01 April 2014, Published under Cement NewsLafarge Republic Inc (LRI) reported a 30 per cent rise in net profit last year to PHP3.7bn (US$82.6m) on the back of robust demand from government as well as private commercial sector projects. Revenue increased by 16 per cent to PHP23bn with the company attributed to increased cement demand as well as sales and marketing initiatives. Cost of sales increased mainly due to higher prices for power and raw materials. LRI said it was able to moderate the increase by utilising coal in its ki... |
Taiwan Cement sees 28.81% jump in net profit01 April 2014, Published under Cement NewsTaiwan Cement posted a record TWD10.03bn (US$330m) in net profit last year, up 28.81 per cent from a year earlier, the company said in a statement on Monday. Consolidated sales for 2013 rose 2.11 per cent YoY to about NT$116.10bn, while its gross margin rose about four percentage points from a year earlier to 19.66 per cent. The company's strong sales in China were reflected in the 2013 results of subsidiary TCC International Holdings Ltd, which posted a 14.7 per cent annual increase in ... |