Cement News tagged under: Results
Akmenes sees improved sales, Lithuania31 October 2013, Published under Cement NewsAkmenes Cement’s sales for the nine months to the end of September 2013 rose by 5.2 per cent to 826,700t. Revenue was LTL194.076m (EUR56m) for the first three quarter of 2013. CEO Arturas Zaremba told Baltic News Service that while this reflects the seasonality of the domestic construction activity, improvements are being seen. "The spring was late this year, but the gap is narrowing,” he said. For this year, the company expects revenues to be flat, or indeed “no worse than last year,” Mr Z... |
Lucky Cement first-quarter profit up 26%31 October 2013, Published under Cement NewsPakistan’s largest cement producer, Lucky Cement, reported a rise in profit of 26 per cent in the first quarter of the current fiscal. The company recorded after-tax profit of PKR2.54bn (US$23.8m) or earnings per share of Rs7.87 compared to profit of PKR2.01bn or EPS of Rs6.23 in the previous quarter. Revenues rose 20 per cent YoY to PKR10.6bn in the first quarter of 2013-14 against sales of PKR8.85bn in the same period of last year. Operating cost fell 22 per cent to PKR975m, which wa... |
Peru’s Cementos Pacasmayo net profit up 4.1%30 October 2013, Published under Cement NewsCementos Pacasmayo saw its net income increase by 4.1 per cent to PEN48.8m (US$17.6m) in the third quarter compared to the same period of 2012. Consolidated EBITDA rose by 17.6 per cent YoY to PEN90.2m. In the first nine months of the year, net income advanced 0.5 per cent YoY despite a weak 2Q13. Consolidated EBITDA registered a 28 per cent rise. In terms of cement sales, Pacasmayo noted a 3.5 per cent increase YoY with output up 3.3 per cent YoY. Cementos Pacasmayo is the secon... |
Lafarge WAPCO reports 26% rise in pretax profit30 October 2013, Published under Cement NewsLafarge WAPCO Cement Nigeria has recorded an increase in pretax profits of 26 per cent for the nine months to the end of September. The company reported pretax profits of NGN20.66bn (US$130m) and revenues of NGN74.27bn, up from NGN69.84bn compared to the same period of 2012. Third quarter sales rose six per cent to NGN24.8bn and pretax profit was up 65 per cent YoY at NGN6.9bn thanks to improved gross margin at 39.9 per cent. In 3Q12 the company undertook maintenance activities for aroun... |
Lafarge Pakistan 9M13 net profit rises 17.6%, third quarter disappoints29 October 2013, Published under Cement NewsFor the first nine months of the year Lafarge Pakistan Cement earned a profit of 17.6 per cent but third quarter sales proved disappointing. For the Jan-September 2013 period the company reported of PKR903m (US$8.47m) compared to PKR768m in the same period of last year. However, during the quarter ending 30 September 2013, profit after tax fell by 86 per cent to PKR39m. According to analysts at Summit Capital this last quarterly performance were "unsatisfactory for more than one reason... |
Cemex: 9M13 turnover edges ahead25 October 2013, Published under Cement NewsFor the first nine months of the year, Cemex' turnover edged ahead by 0.7 per cent to US$11,352.7m but but EBITDA eased by 0.3 per cent to US$2001.2m as Mexico continues to drag on the company's performance although substantial improvements are seen in the US. The trading profit improved by 12.3 per cent to US$926.3m while the net interest charge increased by 8.3 per cent to US$1,139.4m. The pre-tax loss was reduced by 27 per cent to US$174.3m, but a 53 per cent increase in the tax cha... |
DG Khan sees 17% decline in first-quarter exports, Pakistan25 October 2013, Published under Cement NewsDG Khan Cement reported a lower-than-expected post-tax profit of PKR1.07bn (US$10m) in the first quarter of the current fiscal year, down 26 per cent from the PKR1.44bn reported in the same period of last year. The decline is mainly being attributed by analysts at Summit Capital to a decline in sales which fell six per cent YoY to 903,000t compared to 964,000t in the same period of last year. Local sales fell one per cent to 621,000t while exports fell by a substantial 17 per cent YoY to 2... |
Cemex Latin America cement shipments edge ahead, grows stronger downstream24 October 2013, Published under Cement NewsCemex Latin American Holdings' turnover for the first nine months of the year advanced by eight per cent to US$1287.8m, while the EBITDA increased by 16.2 per cent to US$474.4m. The increase at the trading level was a little less at 14.1 per cent to US$405.4m. After a net interest charge of US$86.8m, the pre-tax profit amounted to US$309.1m. Net debt at the end of September stood at US$1345m, to give a gearing level of 94.7 per cent, with 88 per cent of the total gross debt being denomina... |
ACC and Ambuja see slow return to growth24 October 2013, Published under Cement NewsACC and Ambuja Cements, both part of Holcim, have reported a decline in quarterly sales due to subdued demand and lower cement prices, and expect a slow return to growth as near term challenges persist. Net profit at ACC, India's second-largest cement maker, halved to INR1.21bn in the July-September quarter. Net sales rose three percent to INR25.1bn. The company expects "gradual but slow improvement in demand.” Ambuja posted a 45 per cent fall in net profit to INR1.66bn for the quarter ... |
Saudi Cement reports 9.6% rise in 3Q net profit23 October 2013, Published under Cement NewsSaudi Cement Co reported a 9.6 per cent rise in third-quarter net profit on the back of higher domestic sales. The company made SAR229m (US$61.1m) in the July-September quarter compared to SAR209m in the same period of last year, it said in a bourse filing. With around 7Mta of capacity, Saudi Cement operates two plants – Hofuf and Ain Dar. In late 2012 it reopened three of its kiln lines at its Hofuf plant, boosting capacity by 1325tpd. This was followed in May this year by an announcement... |