Cement News tagged under: Results
Pakistan: Fauji Cement boosts 1HFY14 earnings20 February 2014, Published under Cement NewsPakistan-based producer Fauji Cement Co posted earnings of PKR1.25bn (US$11.92m) in the first half of FY14, up 36 per cent YoY compared to the PKR922m in the comparative period of the previous fiscal. The improved earnings came on the back of better gross profit and reduced finance cots. Revenues rose nine per cent to PKR8.23bn despite a seven per cent decline in volumes to 1.16Mt. Margins improved by 1.5 percentage points to 34 per cent largely as a result of higher cement prices. ... |
Lafarge sees improved operational trends in fourth quarter19 February 2014, Published under Cement NewsLafarge saw a continued improvement in fourth quarter volumes, supported by ongoing growth in most emerging markets, the recovery in the US and stabilising conditions in Europe. Adverse exchange rates continued to weigh on sales which were down two per cent in the final three months of 2013 to EUR3714m, but up five per cent on a like-for-like basis. 4Q EBITDA was down six per cent to EUR793m but up 14 per cent like-for-like as the group reported increases in all regions driven by highe... |
FLSmidth swings to full-year loss, Denmark14 February 2014, Published under Cement NewsFLSmidth reported its first full-year net loss for over a decade and saw cement orders fall by 26 per cent despite a strong increase in the final quarter. The Denmark-based equipment supplier reported a net loss of DKK784m (US$143.9m) for last year compared with a net profit of DKK1.3bn in 2012. The company's overall order intake decreased 25 per cent to DKK 20,911m compared to DKK 27,727m the year before. The order backlog fell 24 per cent to DKK 22,312m (end of 2012: DKK 29,451m). Revenue... |
Thailand: Siam City Cement anticipates flat domestic demand in 201414 February 2014, Published under Cement NewsSiam City Cement Co (SCCC) posted flat volumes in the fourth quarter of last year and expects demand to remain subdued during 2014 due to the postponement of infrastructure and private sector projects. "In the fourth quarter of last year, the company saw flat volume, both QoQ and YoY. This year, the construction industry may not grow because of delays in large-scale infrastructure projects and private investments," the listed company said in a press release yesterday. However, the company... |
Pakistan: DG Khan second-quarter profit rises14 February 2014, Published under Cement NewsDG Khan, one of Pakistan's leading cement producers, posted a 14 per cent YoY rise in profit during 2QFY14 to PKR1.61bn but higher power costs affect gross margins. Earnings per share rose to PKR3.68 against PKR3.22 a year earlier. Revenues increased by 10 per cent YoY to PKR6.54bn while gross margins declined to 34 per cent from 40 per cent in the comparative period of FY13 due to higher power costs. Earnings were down 5.6 per cent YoY to PKR2.66 compared to PKR2.82bn in 2QFY13.... |
Oman: Raysut Cement's profit rises on higher demand13 February 2014, Published under Cement NewsOman’s largest cement producer, Raysut Cement, achieved a 12.6 per cent growth in net profit in 2013 to OMR27.62m (US$71.73m), on the back of higher domestic demand. Revenue rose by 0.5 per cent to OMR93.29m from OMR92.8m a year earlier, the company said in a disclosure to the Muscat Securities Market. Cost of sales fell to OMR61.72m in 2013 from OMR62.88m during the year before. The preliminary results are unaudited and subject to the approval of the statutory auditors, audit committe... |
Buzzi sees advances in Russia and US10 February 2014, Published under Cement NewsItalian cement major Buzzi Unicem saw turnover decline by 2.1 per cent last year to EUR2754m as the company saw another fall in its domestic market of Italy, but Russia and the US were its best performers. Net debt at the end of December was 5.3 per cent below the level seen a year earlier at EUR1066m. Group cement deliveries in 2013 increased by 0.3 per cent to 27.4Mt, but ready-mixed concrete deliveries declined by 5.1 per cent to 12.9Mm³. The underlying EBITDA, which will be announced ... |
Cherat Cement six-month profit rises 17% YoY, Pakistan10 February 2014, Published under Cement NewsPakistan-based producer Cherat Cement posted a profit after tax of PKR710m (US$6.74m) in the six months to the end of December 2013. This translates into a rise of 17 per cent YoY despite a drop in exports. On a quarterly basis, the company recorded a profit of PKR437m compared to PKR339m in the corresponding period of last year. In FY12-13, Cherat posted a record profit of PKR1.22bn, up 181 per cent from PKR435m in the previous fiscal. Cherat Cement operates 1.1Mta of cement capaci... |
Italcementi: only Asia shows sales growth in 201307 February 2014, Published under Cement NewsItalcementi's turnover declined by 5.4 per cent in 2013 to EUR4235.4m, or by 2.2 per cent on a comparable basis. Group cement shipments declined by a further six per cent to 43.1Mt and the turnover from cement and clinker was down by 6.4 per cent to EUR2716.8m, with cement volumes lower everywhere other than in Asia and in North America. The concrete and aggregates turnover eased by 2.5 per cent to EUR1248.7m as shipments of aggregates declined by 4.2 per cent to 32.5Mt and ready-mixed co... |
Cemex falls back in Mexico but advances in the USA07 February 2014, Published under Cement NewsCemex' turnover improved by 1.6 per cent in 2013 to US$15,226.5m and EBITDA emerged 0.7 per cent ahead at US$2643m, while the trading profit advanced by 17.4 per cent to US$1517.8m. The net interest charge rose yet again and was up by 11.1 per cent to US$1551.5m while the pre-tax loss was reduced by 34.3 per cent to US$264.6m, and the net attributable came down by 7.6 per cent to US$843.1m. Net debt, including perpetual notes, increased by four per cent during the year to US$16,306m. Shareh... |