Cement News tagged under: Results
Mixed full-year performance for Holcim28 February 2014, Published under Cement NewsHolcim reported a mixed performance in 2013 as attributable profit doubled while turnover declined. Overall volumes were down due to weaknesses in key emerging markets, but European shipments were finally on the up. For the full year Holcim’s turnover declined by 6.8 per cent to CHF19,719m (US$22,349m). Operating EBITDA edged ahead by 0.2 per cent to CHF3896m, though ignoring last year’s restructuring there was a 5.6 per cent reduction. Trading profit rose by 34.8 per cent to CHF2357m but w... |
Lucky Cement 1HFY14 net profit rises 20%27 February 2014, Published under Cement NewsPakistan market leader Lucky Cement reported a 20 per cent rise in net profit for the first half of FY14 boosted by in part by higher prices. Net profit for the six months to the end of December 2013 stood at PKR5.16bn (US$49.2m) compared to PKR4.49bn in the same period of the year before. Revenue improved 11.8 per cent YoY to PKR19.57bn against PKR17.51bn in the 1HFY13. Commenting on the results, Global Research said revenues grew on the back of a 10 per cent YoY increase in domestic c... |
Holcim's full-year volumes down, net income rises on Leadership Journey initiatives26 February 2014, Published under Cement NewsHolcim reported saw volumes decline in its cement, aggregates and ready-mix concrete segments in 2013, but operating EBITDA margin and net income increased due to the implementation of the Holcim Leadership Journey. Full-year net sales were down 6.8 per cent to CHF19.72bn, but increased on a like-for-like basis by 0.2 per cent. The group reported that it was significantly harder to implement price increases in various markets than in the previous year. The Swiss franc exchange rate rose in... |
CRH expects 2014 profit growth25 February 2014, Published under Cement NewsIrish building materials major CRH said 2013 represented a trough in its profits and expects growth in 2014 encouraged by improving trends in the USA and signs of stabilisation in Europe. Full-year turnover eased by an underlying 0.3 per cent in 2013 to EUR18,031m while the EBITDA declined by 5.6 per cent to EUR1,475m. The trading profit before charging EUR650m of impairments was down by 10.0 per cent to EUR750m, with European building products accounting for nearly two thirds of this ch... |
Maple Leaf Cement first-half revenues rise25 February 2014, Published under Cement NewsMaple Leaf Cement announced profit after tax of PKR1.48bn (US$14m) in the first half of FY14, representing a 10 per cent YoY rise on the same period of the previous year. Revenues increased by eight per cent YoY to PKR8.84bn due to an increase in cement prices which rose by 11 per cent during the period. Cost of sales were also eight per cent higher and, consequently, the company’s gross margins stayed flat at 34 per cent in 1HFY14. |
Semen Indonesia net income rises 11% YoY25 February 2014, Published under Cement NewsNet income at Semen Indonesia rose 11 per cent in 2013 to IDR5.37trn (US$462m) from a year earlier as the company boosts sales through expansion and strengthens its market position. A 24.5 per cent increase in sales to IDR24.5trn was recorded by Indonesia's largest cement producer last year. Domestic shipments rose 3.2 per cent to 25.4Mt. The surge in sales helped boost market share to 44 per cent last year from 41 per cent in 2012. The company has recently expanded its Indarung plant in... |
Fujairah Cement profit hit by weaker prices24 February 2014, Published under Cement NewsUAE-based producer Fujairah Cement recorded a AED12m (US$3.3m) loss last year as a weaker pricing environment affected revenue despite higher sales. In a filing posted on the Abu Dhabi Securities Exchange yesterday, the company said revenues were AED588m last year, compared to revenues of AED569m and a gross profit of AED35m the year before. “The market has not increased in our favour,” said Murthy Veasi, the company’s finance manager. “Prices have come down by nearly AED10 [per tonne] ... |
Semen Baturaja full-year net profit rises 5% YoY24 February 2014, Published under Cement NewsIndonesia state-owned cement producer PT Semen Baturaja recorded a net profit of IDR312bn (US$26.5m) in 2013, up five per cent YoY, Bisnis Indonesia reported. The company will start construction on its new IDR2.9trn factory this year, which is expected to be completed in the fourth quarter of this year. Once completed, capacity is expected to almost double to 3.85Mta from the current 1.85Mta. CEO Pamudji Rahardjo said the company is targeting revenue of IDR1.4trn this year, up 19 per cen... |
Lafarge's profit drops in Europe and Latin America, but group net profit jumps24 February 2014, Published under Cement NewsLafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading profit fell by 14 per cent to EUR2,075m as carbon credits dropped by 85.9 per cent from EUR99m to EUR14m. Net financial charges, which had been rising in recent years, declined by 4.9 per cent to EUR1041m, while other charges were 88.9 per cent lower at EUR55m, resulting in a pre-tax profit 20.2 per cent higher at EU... |
Record profits for Holcim Philippines21 February 2014, Published under Cement NewsHolcim Philippines registered record earnings and sales last year amid strong market conditions and effective cost management. Meanwhile, the company has said it will delay the construction of a new cement plant in Bulacan as its Swiss parent reorganises regional operations. “Our company benefited from the good business environment, which has allowed the construction boom to persist and cement demand to thrive. Credit should also go to our people, who did their part in attaining this recor... |