Cement News tagged under: Results
Vicem 2013 revenue rises 7% YoY14 January 2014, Published under Cement NewsVietnam Cement Industry Corporation (Vicem), Vietnam’s leading domestic producer, said its revenues rose by seven per cent YoY in 2013 to more than VND30.5trn (US$1.45bn). State-run Vietnam news agency reported that Vicem posted a pretax profit of VND528bn and contributed VND1.03trn to the state budget last year. Cement and clinker output for the state-run cement producer rose by 8.8 per cent YoY while cement sales rose by 9.3 per cent. For this year, VICEM targets cement and clinker sal... |
Jiangxi Wannianqing profit forecast, China13 January 2014, Published under Cement NewsJiangxi Wannianqing Cement Co Ltd anticipates net profit to have reached between CNY400-450m (US$66m-74m) in 2013, growing about 110-136 per cent YoY, according to the company's earnings forecast announcement on 9 January. (Source: China Business Newswire) |
TXI 2Q sales increase, but net loss widens09 January 2014, Published under Cement NewsTexas Industries, Inc today reported a wider net loss for the quarter ended 30 November 2013 compared to the same period of last year, as a number of non-recurring and short-term factors masked the improvement in both demand and pricing it is experiencing in its markets. The company reported a quarterly loss of US$17.6m, or 62 cents a share, compared with a loss of US$11.1m in the same period a year earlier, or 40 cents a share. The prior-year period included a four-cent loss tied to d... |
Yamama posts preliminary 4Q13, full-year results, Saudi Arabia08 January 2014, Published under Cement NewsYamama Cement posted its preliminary 4Q and FY13 results, with net profit up 2.3 per cent to SAR870m. The results were one per cent below estimates by NBK Capital but in line with a Bloomberg consensus of SAR867m, NBK Capital said in a descent report. "This implies a net profit for 4Q2013 of SAR178m, slightly below our forecast of SAR186m." According to NBK Capital, Yamama published a 4Q13 gross profit (post depreciation) of SAR165m, down 22.5 per cent YoY. Assuming quarterly depreciat... |
Yanbu Cement full-year net profit rises 14.3%07 January 2014, Published under Cement NewsYanbu Cement Co’s net profit rose 14.3 per cent YoY to SAR832m (US$219.4m) in 2013, the company announced in a bourse filing. Operating profit increased to SAR847m from SAR757m in 2012. The company attributed the rise to higher sales without giving exact figures. The Saudi-based producer reported earnings per share of SAR5.23, up from SAR4.57. |
China National Building Materials (CNBM)02 December 2013, Published under Cement NewsChina National Building Materials (CNBM) has reported a 37 per cent rise in revenue in 9M13. Total operating revenue stands at US$13.4bn, compared to US$9.8bn in the same period last year. However, total operating costs have also risen, up 41 per cent from US$9bn in 9M12 to US$12.7bn in 9M13. As a result, operating profit has fallen six per cent by US$772m and net profit is down by three per cent at US$789m. Elsewhere, China National Building Material’s Import and Export Corporation (CN... |
Anhui Conch Cement Co02 December 2013, Published under Cement NewsAnhui Conch has reported a 14.76 per cent rise in revenue in 9M13 to CNY37.01bn (US$6.08bn), compared to the same period last year. Operating profit has also increased from CNY4.3bn to CNY6.6bn and net profit has risen almost 40 per cent to CNY5.6bn. During 3Q13 the group’s operating profit, total profit and profit attributable to equity shareholders increased by 141.6 per cent, 132.92 per cent and 128.37 per cent, respectively, compared to the same period last year. This has been mainly ... |
Dangote02 December 2013, Published under Cement NewsSales growth at Dangote Cement continues to outpace the Nigerian cement market with group sales volumes up 29.5 per cent to 9.95Mt, compared to the same period last year. Pre-tax profit for the nine-month period rose 42.6 per cent to NGN151.7bn (US$957m), while EBITDA grew 35.9 per cent to NGN181.1bn (US$1142m). Consolidated group revenue was up 28.7 per cent to NGN289bn (US$1822m) and gross profit reached NGN189.4bn (US$1195m), up 39.4 per cent. Following a deferred tax credit of NGN4.4bn... |
South America now drives Cimpor27 November 2013, Published under Cement NewsTurnover for Cimpor during the first nine months of the year emerged 23.4 per cent higher as the additional assets in Argentina, Brazil and elsewhere more than made up for the assets sold, predominantly in the Mediterranean rim. The EUR1984.3m turnover was 69.5 per cent higher than the EUR1170.6m shown for the first nine months of last year. EBITDA improved 14.2 per cent to EUR481.5m on a comparable basis and 35.5 per cent higher than the EUR355.4m shown a year ago. There has been no in... |
Portland Valderrivas reduces losses27 November 2013, Published under Cement NewsCementos Portland Valderrivas has cut losses in the first nine months of 2013 thanks by 74 per cent to EUR24.8m compared to EUR95.2m in the same period of last year, thanks to a series of cost control measures. Group revenues for the period amounted to EUR413m, of which Spain accounted for EUR168m. Operations in the US and Tunisia accounted for 60 per cent of group revenues and partly offset weak cement demand in Spain, which fell 22 per cent YoY to 8.3Mt over the Jan-Sept period. EBITDA in... |