Cement News tagged under: Results
Paraguay: INC back in profit, says company president24 March 2014, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) is yielding profits again, according to its president Jorge Méndez Cuevas, although the company remains US$60m in debt. “INC’s average monthly losses totalled nearly PYG4.5bn (US$1.017m). From September 2013, we started to yield positive results. That month posted a net profit of PYG1.43m, in October PYG955m, in November PYG1.03bn, in December PYG4bn and in January this year PYG1.283bn. We currently have a record PYG88bn in the treasury and ... |
West China Cement profit edges ahead21 March 2014, Published under Cement NewsWest China Cement reported a 3.6 per cent YoY rise in pre-tax profit to CNY475.08m (US$76.4m) for the year ending 31 December 2013, compared to CNY458.58m a year ago. Net income attributable to shareholders rose to CNY378.32m from CNY364.88m. Earnings per share were on a par with last year at CNY0.883. Revenue increased by 18.3 per cent to CNY4.17bn from CNY3.52bn in 2012. Cement sales volumes rose by 23.1 per cent last year to approximately 17.6Mt for the year from approximately 14.3M... |
Lafarge WAPCO pretax profit jumps21 March 2014, Published under Cement NewsLafarge's WAPCO announced on Thursday that its 2013 full-year pretax profit rose 30.3 per cent to NGN27.7bn (US$168.3m). The Nigerian unit of the French cement major also said revenue jumped to NGN98.79bn from NGN87.76bn the previous year. |
Misr Beni Suef revenues boosted by higher prices19 March 2014, Published under Cement NewsMisr Beni Suef Cement (MBSC) saw a 20 per cent rise in revenues in 2013 to EGP1.32bn (US$189.6m) as higher cement prices compensated for lower volumes. Total sales volumes dropped seven per cent YoY, implying a utilisation rate of 89 per cent compared to 96 per cent in 2012. Domestic shipments accounted for 75 per cent sent of the company’s sales while the remainder was exported. Meanwhile, its average cement prices for the year stood at EGP494/t (US$71) up 28 per cent YoY. Gross prof... |
Fujian full-year net profit declines19 March 2014, Published under Cement NewsFujian Cement earned a net profit of CNY19.05m (US$3.074m) in 2013, a YoY decline of 30.38 per cent. Operating revenue rose by 12.4 per cent YoY to CNY1.82bn. The company attributed the downward trend in net profit to plant closures while it carried out technology upgrade projects, as well as a decrease in cement prices. |
Asia Cement attributable profit surges14 March 2014, Published under Cement NewsAsia Cement (China) said its profit attributable to owners for the year ended 31 December 2013 surged 108 per cent YoY to CNY823m (US$133.8m). Its basic and diluted earnings per share were CNY52.9 cents. The revenue was CNY7.33bn, an increase of 9.7 per cent from a year earlier. Gross profit rose 44.1 per cent YoY to CNY1.62bn, a gross profit margin of 22 per cent, up from 17 per cent in 2012. The increase in gross profit was mainly attributable to the increase of production capacity... |
Gansu Qilianshan full-year profit surges13 March 2014, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd earned a net profit of CNY465m (US$75.8m) in 2013, a YoY surge of 167.77 per cent, the company announced in a statement. Meanwhile, operating revenue grew 36.83 per cent YoY to CNY5.81bn. |
Vicat: full-year turnover eases11 March 2014, Published under Cement NewsTurnover at Vicat eased by 0.3 per cent in 2013 to EUR2286m and EBITDA came off by 2.4 per cent to EUR427m, while at unchanged parameters they would have risen by 2.9 per cent and 0.3 per cent respectively. The trading profit emerged 3.7 per cent lower at EUR234m. The net financial charge rose by 31.2 per cent as the debt of the Indian subsidiaries Vicat Sagar and Gulbarga Power was no longer being capitalised. After an increase in the effective tax charge from 29.1 per cent to 32.4 per c... |
China Resources net profit increases 43.6% in 201310 March 2014, Published under Cement NewsChina Resources Cement Holdings Ltd earned a net profit of CNY3.34bn (US$544m) in 2013, a YoY increase of 43.6 per cent, the company announced on Friday. Meanwhile, operating revenue grew 15.8 per cent YoY to CNY29.34bn. The Hong Kong-based cement producer attributes the upward trend in performance to decreasing manufacturing costs and coal prices. |
Eastern Province full-year profit declines, Saudi Arabia10 March 2014, Published under Cement NewsEastern Province Cement Company (EPC) booked a SAR309m (US$82.4m) net profit for 2013, down from SAR387m a year ago, a decrease of 20.2 per cent YoY. The company attributed the decline to lower sales and higher manufacturing costs as a result of maintenance works. Earnings per share (EPS) stood at SAR 3.59, compared with SAR 4.5. The Saudi-based producer registered an operating profit of SAR298m for the 12 months to December 2013, down from SAR374m a year earlier. |