Cement News tagged under: Results
ACC reports full-year loss, Saudi Arabia21 January 2014, Published under Cement NewsSaudi producer Arabian Cement Company (ACC) reported SAR190m (US$50.7m) in net earnings in FY13, a 50.96 per cent decline compared with SAR387.4 min FY12. In the fourth quarter of 2013, ACC reported a loss of SAR108.7m against a loss of SAR82.3m in the corresponding period of the previous year. ACC is the the fifth-largest producer in Saudi Arabia with a capacity of 3.84Mta. The company had planned to add a new 7000tpd line (2.3Mta) to increase its existing capacity by 41 per cent. Howeve... |
Tabuk full-year net earnings decline, Saudi Arabia20 January 2014, Published under Cement NewsTabuk Cement' FY13 net earnings decreased 5.86 per cent in 2013 to SAR173.4m (US$46m) from SAR184.2m the year before. The Saudi-based producer said net earnings in the fourth quarter of 2013 also fell by 16.26 per cent YoY to SAR38.1m (US$10.2m) compared to SAR45.5m in the comparative period of 2012. |
PT Holcim Indonesia 2013 sales dip20 January 2014, Published under Cement NewsPT Holcim Indonesia Tbk reported lower sales volume in 2013, down two per cent to 8.43Mt compared to the 8.58Mt of cement sold in 2012. The company represented 14.5 per cent of the domestic market share, according to the Indonesia Cement Association (ASI) as reported by Kontan. Holcim currently operates cement plants in Narogong in West Java, Cilacap in Central Java and its new Tuban works which opened in 2H13. It has already secured US$315m for a second 1.7Mta line at Tuban, taking the co... |
Jidong sees strong rise in 2013 net profit20 January 2014, Published under Cement NewsTangshan Jidong Cement Co Ltd expects net profit to be between CNY306m and CNY360m (US$50.6m-59.48m) in 2013, a YoY increase of 70 per cent to 100 per cent, the company said. The Hebei Province-based cement manufacturer attributes the profit growth to an improved reduction in production costs and increasing sales volume. |
Southern Province posts flat full-year profit17 January 2014, Published under Cement NewsSouthern Province Cement posted a SAR1.006bn (US$268m) net profit in 2013, almost flat from SAR1bn the year before. Earnings per share stood at SAR1.013. Operating profit for the Kingdom’s largest cement firm by market value, fell from SAR1.008bn in 2012 to SAR973m last year. |
Steppe Cement revenue rises as Kazakh demand rises 13%16 January 2014, Published under Cement NewsKazakhstan producer Steppe Cement said its 2013 revenue was 8.7 per cent higher YoY, as demand in the central Asian country increased by an estimated 13 per cent to 8.1Mt during 2013. The company generated revenues of KZT19.47bn during the year, up from KTZ17.91bn in 2012. Cement sales reached 1.37Mt, up from 1.35Mt in 2012m an increase of 1.3 per cent. Steppe said this gave it a market share of 17 per cent. The average price for delivered cement, excluding VAT, was KZT14,425/t, comp... |
Yamama Cement net profit rises 6.4% YoY16 January 2014, Published under Cement NewsYamama Cement Co of Saudi Arabia said yesterday its net profit for 2013 rose by 6.4 per cent to SAR870m (US$232m), up from SAR818m a year ago. The increase was attributed to a rise in extraordinary gains from the sale of stakes in affiliate companies, Yamama Cement said without giving exact figures. The operating profit declined to SAR829m from SAR863m. |
Conch expects strong rise in 2013 profit15 January 2014, Published under Cement NewsAnhui Conch, the leading cement producer in China by market value, said it expects a 50 per cent rise in net profit attributable to shareholders for 2013. In 2012, the company posted a net profit of CNY6.31bn (US$1.043bn) with basic earnings per share of CNY1.19. According to a statement filed with the Shanghai Stock Exchange, the company said the improved performance in 2013 was due to steady growth in consumption and a reduction in new capacity coming onto the market. Over the ... |
Saudi Cement 4Q13 profit down 8% YoY15 January 2014, Published under Cement NewsSaudi Cement reported an eight per cent fall in fourth-quarter profit on Tuesday, attributed to lower sales and rising raw material costs. In the three months to the end of December the company posted a net profit of SAR256m (US$68.3m), down from the SAR278m in the same period of the year before, according to a statement to Saudi Arabia’s bourse. Saudi Cement attributed the profit drop to a decrease in sales during the quarter and the high cost of imported clinker. |
CRC profit alert, China15 January 2014, Published under Cement NewsChina Resources Cement said the group's profit attributable to the owners of the company for the year ended 31 December 2013 is expected to be substantially higher compared with last year. The company attributed the performance to the higher sales volume of cement and clinker, and improved gross margin. |