Cement News tagged under: Results
Kenya: ARM Cement reports 12% rise in pretax profit01 April 2014, Published under Cement NewsKenya’s second largest cement producer ARM Cement saw a 12 per cent rise in full year pretax profit to KES2bn (US$23.17m). Earnings per share increased to KES2.73 from KES2.52, the company said in a statement. |
Ashaka Cement pretax profit declines, Nigeria01 April 2014, Published under Cement NewsNigeria’s Ashaka Cement said its pretax profit fell last year to NGN2.84bn (US$17.2m) from NGN5.47bn in the last year. Turnover only slipped to NGN21.69bn from NGN21.82bn, the company said in a filing with the Nigerian Stock Exchange. |
Buzzi Unicem hit by weak Italian market28 March 2014, Published under Cement NewsOn a turnover 2.1 per cent lower at EUR2753.1m, Buzzi Unicem's EBITDA improved by 5.7 per cent to EUR481.2m. After writing down the assets in Italy and Ukraine by EUR57.7m and EUR39.9m, respectively, the trading profit (EBIT) showed a 24 per cent reduction to EUR149.8m. After a net interest charge 12.4 per cent lower at EUR110.5m, the pre-tax profit declined by 35.4 per cent to EUR50.3m. Because of a mismatch between where profits and losses were generated and tax payments, at the consoli... |
KHD Humboldt Wedag 2013 revenue increases 16.9% YoY28 March 2014, Published under Cement NewsKHD Humboldt Wedag International reported yesterday that it achieved a 16.9 per cent YoY increase in 2013 revenues. Order intakes, however, were significantly below the previous year’s level due to unfavourable market conditions. Strong competition and lower margin quality in the company's order backlog had a negative impact on results but a positive EBIT was recorded. The German cement plant services company’s order intake fell by 58 per cent to EUR172.4m due to "continued cautious inves... |
Dangote Cement revenue rises 29.4%27 March 2014, Published under Cement NewsDangote Cement, Nigeria’s largest cement company saw revenues rise 29.4 per cent last year to nearly NGN386.2bn (US$2.45bn), backed by 28.2 per cent growth in domestic volumes. In Nigeria, revenue from cement operations (including haulage revenue) rose by 30.1 per cent YoY to nearly NGN371.6bn. Dangote Cement Ghana Ltd contributed revenue of NGN14.1bn in 2013, an increase of nearly 15.2 per cent on 2012. At group level, gross profits rose by 35.3 per cent to NGN243.7bn. Consolidated gr... |
EAPCC pretax profit hit by rising costs27 March 2014, Published under Cement NewsEast African Portland Cement Co (EAPCC) said on Wednesday its pretax profit more than halved for the six months ended December due to rising administration and sales costs. Portland's pretax profit fell to KES171m (US$2m) from KES376.5m in the same period in 2012. The Kenyan firm, which also operates in Uganda, said its total revenues rose 0.4 per cent to KES4.57bn, while cost of sales increased 1.4 per cent to KES3.25bn. Administration and selling expenses rose to KES1.26bn from KES1b... |
Conch full-year net profit rises 48.3%26 March 2014, Published under Cement NewsAnhui Conch Cement Co reported a 48.3 per cent YoY increase in profit attributable to shareholders during 2013 to CNY9.38bn (US$1.5bn) from CNY6.33bn a year ago. Turnover increased 20.75 per cent to CNY55.26bn from CNY45.77bn in 2012. In accordance with PRC Accounting Standards, the group’s revenue amounted to CNY55.3bn, a YoY increase of 20.28 per cent. Sales by region Clinker and cement sales amounted to 228Mt, representing growth of 21.95 per cent YoY. Sales volumes in East and Cent... |
Kuwait Cement profit rises 16.3% YoY26 March 2014, Published under Cement NewsKuwait Cement Co (KCC) announced profits of KWD17.1m (US$60.7m) with earnings per share (EPS) at 26.1 fils for 2013, compared to a net profit of KWD14.7m and EPS of 23.7 fils in 2012. KCC said in statement on the website of Kuwait Stock Exchange (KSE) yesterday that the company's board of directors recommended the distribution of 18 per cent cash of the fiscal year ended in December 2013.? Shareholder equity reached KWD194m in 2013, compared to shareholder equity of KWD151.6m in 2012, wit... |
Semen Baturaja to distribute dividend, Indonesia25 March 2014, Published under Cement NewsSemen Baturaja will distribute a IDR78.04 dividend, or 25 per cent of last year’s net profit of IDR312.18bn (US$27.4m) Pamudji Raharjo, president director of the publicly-listed company, said the government will have a share of IDR59.5bn (or 76.24 per cent of the dividend) and the investing public will have around IDR18.5bn). The remaining part of the net profit will be used as a reserve fund to support Semen Baturaja’s expansion, Pamudji added. This year, the company targets a 12.17 pe... |
China Tianrui Group Cement full-year net profit slides25 March 2014, Published under Cement NewsChina Tianrui Group Cement Co Ltd said its 2013 profit attributable to shareholders declined more than 28 per cent to CNY558.9m (US$90.17m) from CNY783.4m the year before. Basic earnings per share slid to O.23 from CNY0.33. Pretax profit fell 29 per cent to CNY729.3m. However, revenue rose more than 14 per cent to CNY8.66bn. |