Cement News tagged under: Results
Italcementi: 2013 turnover declines 5.4%07 March 2014, Published under Cement NewsItalcementi's 2013 turnover declined by 5.4 per cent to EUR4,235.4m while the underlying EBITDA way off by just 1.9 per cent to EUR631.0m. The depreciation charge declined by 6.5 per cent to EUR426.5m and impairment charges dropped by 89.6 per cent to EUR32.1m from EUR309.4m and the previous year's trading loss EUR140.2m was turned into a trading profit of EUR159.3m. Net financial charges rose by 31.1 per cent to EUR123.9m and the contribution from associates declined by 27.2 per cent to ... |
Bamburi: operating profit plunges 24% YoY, Kenya07 March 2014, Published under Cement NewsBamburi Cement’s 2013 turnover declined by 3.6 per cent to KES33.9bn while operating profit fell 24 per cent amid an increasingly competitive market. Commenting on the company’s results, managing director Hussein Mansi, said: “In the first half of 2013, we experienced a drop in the company’s performance mainly attributable to competitive pressure in Uganda and we also saw a significant reduction of exports out of Uganda to the inland Africa markets due to political tensions, which impacte... |
Cimsa full-year net profit surges07 March 2014, Published under Cement NewsTurkey-based Cimsa said its consolidated net profit surged 162 per cent to TRL302.3m (EUR99.6m) in 2013. Cimsa’s income from investment activities soared to TRL145.7m in 2013 from TRL11m a year earlier, it said in its consolidated income statement on Tuesday. The company’s consolidated operating profit increased 22.9 per cent to TRL179.5m in the review period. Consolidated revenue rose 11 per cent to TRL954m as domestic sales went up 14 per cent to TRL704m and sales abroad cli... |
Henan Tongli profit declines, China05 March 2014, Published under Cement NewsHenan Tongli Cement Co Ltd earned a net profit of CNY66.38m (US$10.83m) in 2013, a YoY decline of 59.58 per cent, China Business Newswire reported. Meanwhile, operating revenue decreased 2.89 per cent YoY to CNY4bn. The company attributed the downward trend in profit to low production capacity and a decrease in product price. |
OYAK Cement full-year operating profit rises 52%04 March 2014, Published under Cement NewsTurkish producer OYAK Cement Group said on Monday its operating profit rose 52 per cent to TRL343m (EUR112m) in 2013. Consolidated sales rose 17 per cent to TRL1.3bn. EBITDA was up 41 per cent to TRL414m in 2013. Under OYAK Cement’s wing are five subsidiaries: Adana Cimento, Mardin Cimento, Bolu Cimento, Unye Cimento and Aslan Cimento. |
Malaysia: CMS pretax profit buoyed by cement division04 March 2014, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) registered a 30 per cent YoY rise in pretax profit to MYR295.27m in 2013, driven mainly by higher earnings from its cement division. The cement segment saw a 46 per cent rise in pretax profit to MYR96.66m mainly due to the successful re-commissioning of its upgraded clinker plant. Commenting on the results, CMS group managing director Dato Richard Curtis said, “For this financial year, significant achievements have been recorded amongst all the core divisio... |
Cimpor achieves record cement sales and profits03 March 2014, Published under Cement NewsOn a comparative basis, turnover at Cimpor increased by 25.5 per cent last year to EUR2624.5m and the EBITDA rose by 45.5 per cent to EUR691.8m. The trading profit emerged at EUR487m compared with a loss of EUR7.2m in the previous year on an integrated basis, or a EUR305.8m proforma profit on a restated basis, or a 59.3 per cent increase. The net financial charge, on an integrated basis, rose by 23.2 per cent to EUR406.9m, giving a pre-tax profit of EUR80.1m and at the net attributable le... |
Mexico and Argentina impact 2013 Molins results03 March 2014, Published under Cement NewsThe market contraction in Mexico and a devaluation of the Argentine peso impacted the annual results of Cementos Molins. The Spanish company saw profit fall by 77 per cent to EUR10.1m although this is not comparable with the EUR20m of the previous year as the cement producer sold its stake in Cementos Artigas of Uruguay. Consolidated turnover noted a 9.4 per cent drop to EUR832m. Foreign companies accounted for 80 per cent of Cementos Molins consolidated profits. The Mexican and Argenti... |
Titan: profits decline, other than in the USA28 February 2014, Published under Cement NewsTitan reported a four per cent improvement in turnover for last year to EUR1175.9m, having risen by 3.6 per cent in 2012. The US proved to be a particularly bright spot in 2013 for the company, while the rate of decline in its domestic market of Greece eased. Full-year EBITDA edged ahead by 0.1 per cent to EUR196.0m. Excluding exchange rate movements, turnover would have been ahead by 8.3 per cent and EBITDA by 6.4 per cent. With a 10.7 per cent reduction in the depreciation charge, th... |
Macedonia: Cementarnica Usje Skopje net profit increases 12% YoY28 February 2014, Published under Cement NewsMacedonia’s sole cement producer, Cementarnica Usje Skopje, reported that non-consolidated net profit rose 12 per cent to MKD1.48bn (EUR24m) in 2013. Revenue fell by five per cent YoY to MKD3.9bn while operating costs decreased to 14 per cent to MKD2.6bn, the company said in its non-consolidated financial statement to the Macedonia Stock Exchange. The company is 94.8 per cent owned by Greece-based Titan Cement. Its 0.9Mta plant is located at Usje, near the country’s capital Skopje and a... |