Cement News tagged under: Results
Holcim held back by weaker Indian and Mexican markets05 November 2013, Published under Cement NewsHolcim's turnover for the first nine months declined by 6.1 per cent to CHF14,941m, as weaker Indian and Mexican markets hold back the company's performance. In euro terms the reduction was 8.0 per cent to EUR12,136m and in US dollar terms the decline was 5.7 per cent. The Asia Pacific region generated 37.5 per cent of group turnover, down from 39.3 per cent a year earlier, while Europe represented 28.4 per cent, up from 26.5 per cent. Latin America contributed 17.1 per cent against 15.6 ... |
Vulcan improves margins and returns to profits05 November 2013, Published under Cement NewsVulcan Materials' turnover for the first nine months improved by 6.7 per cent to US$2090.5m and the EBITDA moved ahead by 29.8 per cent to US$372.4m. The trading profit jumped from US$29.4m to US$136.8m, with the third quarter showing a 78.6 per cent advance. After a net interest charge 3.9 per cent lower at US$152.8m, the pre-tax loss dropped by 91.1 per cent to US$11.2m, while a further tax credit gave rise to a net profit of US$15.3m compared with a US$56.1m the net loss a year earlier... |
ARM Cement 9M13 pretax profit boosted by higher sales05 November 2013, Published under Cement NewsARM Cement posted a 28 per cent rise in pretax profit for the first nine months of the year boosted by higher sales. Kenya’s second largest cement producer said on Tuesday its profit rose to KES1.53bn (US$17.9m) as turnover rose 32 per cent to KES10.2bn. Earlier, the company forecast 35 per cent growth in earnings this year helped by increased production capacity due to a new 0.75Mta grinding plant in Tanzania. Next year the company is due to launch its second Tanzanian facility, a 1.5Mta ... |
Anhui Conch Jan-Sept net profit rises 36.82%04 November 2013, Published under Cement NewsAnhui Conch Cement Co 's net profit in the first nine months rose 36.82 per cent YoY to CNY5.36bn (US$878.6m), the company said in its third-quarter report. Basic earnings per share were CNY1.02 during the period. Operating revenue rose 14.76 per cent YoY to CNY37.01bn in the first nine months, boosted by an increase in the sales volume and price of cement and clinker. At the end of September the company's net assets had increased 6.29 per cent from the end of last year to CNY51.98... |
Siam Cement expects flat 4Q sales on flood factor01 November 2013, Published under Cement NewsSiam Cement reported a five per cent sales rise in the third quarter, but expects floods to impact sales in the final three months of the year. Sales in the fourth quarter are expected to be flat, as there were no floods during the same period of 2012. As a result, sales growth is estimated at 5.2 per cent for all of 2013. For the third quarter, SCG posted a 53 per cent YoY increase in net profit to THB9.8bn as sales rose nine per cent to THB113.85bn. For the nine-month period, earni... |
Suez Cement quarterly profit drops on demand, energy shortages01 November 2013, Published under Cement NewsSuez Cement reported a significant decline in earnings and profit for the third quarter of 2013 due to lower sales and reduced output on the back of energy shortages. The company, which is part of the Italcementi group, said third quarter EBITDA plunged 42 per cent YoY while net profit fell 72 per cent. Domestic sales of grey cement were down 5.2 per cent during the period. Following such challenging times, Suez Cement expects improvements in cement demand going forward: "The company i... |
Ashaka Cement pretax profit down 58.87%, Nigeria01 November 2013, Published under Cement NewsAshaka Cement pretax profit fell to NGN2.16bn (US$13.6m) in the first nine months of 2013, down 58.87 per cent from NGN5.27bn a year ago. Turnover for the Nigeria-based producer rose to NGN16.83bn during the nine months to 30 September, from NGN16.46bn in the same period of last year. Ashaka Cement, in which Lafarge holds a 59 per cent interest, having increased this from 50 per cent in 2012, is located in the northeastern Nigerian state of Gombe. |
Eagle's 1H benefits from Lafarge acquisition31 October 2013, Published under Cement NewsFirst-half turnover for Eagle Materials to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, advanced by 46 per cent to US$535.47m. The trading profit, which virtually trebled in the comparative period last year, rose by a further 111.7 per cent to US$112.95m. After a net interest charge that rose by 33.3 per cent to US$9750m, reflecting acquisition from Lafarge of two integrated cement works and a number of downstream assets at the end of ... |
Holcim Philippines boosted by higher demand31 October 2013, Published under Cement NewsHolcim Philippines has reported a 34.2 per cent increase in third-quarter earnings driven by stronger sales revenue and cost-cutting and efficiency improvement measures. Net sales in the July-September quarter rose by more than seven per cent to PHP6.86bn on the back of steady demand and prices as private and public sector projects remained strong. Holcim country CEO, Eduardo Sahagun, said that the robust construction activity had led demand to exceed expectations in the third quarter. ... |
Dangote nine-month pretax profit rises 42.5%31 October 2013, Published under Cement NewsDangote Cement said its pretax profit for the first nine months of 2013 rose 42.5 per cent to NGN151.72bn (US$952m), compared with NGN93bn in the same period last year. Revenue for the period also rose to NGN288.98bn, compared with NGN224.49bn in the same period of 2012. |