Cement News tagged under: Results
HeidelbergCement's results hit by currency effects06 February 2014, Published under Cement NewsThe preliminary full-year 2013 figures from HeidelbergCement show turnover easing by 0.6 per cent to €13,936m, though on an underlying basis there was a 3.4 per cent increase. EBITDA eased by 2.1 per cent to EUR2424m, but improved by two per cent on a comparative basis, and the trading profit edged ahead by 0.2 per cent to €1607m. The number of employees rose by 1.1 per cent to 52,560, as a reduction of around people 750 in North America and Europe was more than offset by the increased sph... |
Cemex LatAm Holdings sees improved profitability in most markets06 February 2014, Published under Cement NewsCemex Latin American Holdings (CLH) has reported 10 per cent increase in turnover for 2013 against the pro-forma numbers for the previous year and improved profitability was seen in most of Cemex LatAm's markets. EBITDA increased by 16 per cent driven by higher volumes, along with lower maintenance and fuel costs and lower distribution expenses, compared to pro forma 2012. EBITDA margins increased by 1.8 percentage points reaching 36.2 per cent, compared to 2012. The increased profitabil... |
Cementir offsets a weaker Italy by better markets elsewhere06 February 2014, Published under Cement NewsCementir Holding's turnover improved by 1.3 per cent to EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m. As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items. The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ... |
Qatar National Cement posts US$119.7m net profit in 201328 January 2014, Published under Cement NewsQatar National Cement Company registered an increase in net profit to QAR436m (US$119.7m) for the 12 months to December 2013, compared to QAR425.3m a year earlier, the company said yesterday in a bourse filing. Earnings per share (EPS) stood at QAR8.88, up from QAR8.66. The company's board of directors has proposed a 60 per cent cash dividend for 2013, translating into QAR6/share. |
Al Jouf reports 75% drop in quarterly net profit, Saudi Arabia28 January 2014, Published under Cement NewsAl Jouf Cement posted weak fourth-quarterly financial results, with earnings declining by 74.59 per cent YoY and 16 per cent QoQ to SAR6.1m (US$1.6m). The results missed Al-Rajhi Capital estimates of SAR22m and consensus forecast of SAR20m. Al-Rajhi believes that the company’s weak performance was a result of a decline in the value and volume of sales due to sluggish cement demand during the quarter following government’s initiatives to expel 2m illegal expatriate labourers which led to t... |
Henan Tongli anticipates full-year decline, China28 January 2014, Published under Cement NewsHenan Tongli Cement Co Ltd expects 2013 net profit to decline to between CNY40m and CNY80m (US$6.6m and US$9.9m), a YoY decline of 51.28-75.64 per cent, the company said in a statement. The Shenzhen-listed cement manufacturer attributes the downward trend in performance to decreasing sales price. |
December profit but full-year deficit remains for INC27 January 2014, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) grossed PYG4bn (US$860,080) in December, according to its president, Jorge Mendez. It is the third-consecutive month that the cement producer returns a positive balance and the company attributes it to the implemented financial and commercial measures. However, while in the October-December period, profits reached PYG7.435bn, for the full-year 2013, the company remains in deficit at PYG20bn. The state-owned cement producer has a current o... |
Attock Cement first-half profit declines, Pakistan23 January 2014, Published under Cement NewsPakistan producer Attock Cement reported a nine per cent decline in net profit for the the first half of FY14 to PKR871m (US$8.26m). “The decline in profitability of the company is due to a higher tax rate,” JS Global Capital analyst Atif Zafar said, adding that inflationary pressures, particularly higher electricity rates in August last year negatively affected earnings. In the second quarter, earnings fell to PRK449m compared to PKR601m in the same quarter of FY13. However, going for... |
Huaxin expects strong rise in full-year net profit, China22 January 2014, Published under Cement NewsHuaxin Cement expects net profit to increase by between 105-125 per cent YoY in 2013 compared to a profit of CNY556m in 2012 when it suffered from severe pricing competition. The Hubei Province-based producer, part of the Holcim Group, attributes the profit growth to increasing sales and reduced production costs. |
Sai Son Cement reverses losses, Vietnam22 January 2014, Published under Cement NewsVietnamese producer Sai Son Cement (SCJ) swung to a net profit of VND7.1bn (US$80,648) in the fourth quarter of 2013 after a net loss of VND2bn in the same period the year before. Revenue amounted to VND104bn (US$4.93m) in the final quarter of last year, compared to VND72bn over the same period of the previous year. For the full year, SCJ reported VND7.6bn net profit on revenue of VND320bn compared to a loss of VND12bn in net profit and VND251.3bn revenue, respectively. |