Cement News tagged under: Results
RAK Cement nine month net profit declines, UAE23 October 2013, Published under Cement NewsRas Al Khaimah Cement reported an 86.6 per cent decline in net profit for the nine months to the end of September due to technical stoppage at the plant earlier this year. The UAE-based producer said net profit fell to AED650,000 (US$176,000) compared to US$1.3m (AED4.85m) last year. Sales rose by 3.7 per cent during the 9M13 period to AED182.6m, with domestic dispatches increasing 37 per cent YoY to AED138.7m while exports were down 41 per cent YoY to AED43.9m. The company said that p... |
Fauji 1Q boosted by higher sales and prices22 October 2013, Published under Cement NewsPakistan-based producer Fauji Cement reported a 61 per cent rise in profit after tax for the first quarter of the current Pakistan fiscal year to PKR582m (US$5.4m), as higher volumes and prices boost sales. According to analysts at Summit Capital, the company performed well due to sharp increase in its top line which was up by 12 per cent YoY and improved gross margins due to higher cement prices and lower coal expenses. Higher prices and increased sales volumes were the core factors beh... |
Cemex third quarter loss expected to narrow21 October 2013, Published under Cement NewsCemex is expected to post a narrower third quarter loss for the July-September period of 2013 led by a pick-up by US sales, the company’s biggest market. According to a Reuters' survey of six analysts, the Mexican cement major is expected to report a loss of US$22m compared with a loss of US$203m a year earlier. An increase in US sales is expected to offset weak performances in Europe and Mexico, the news agency said. Analysts expect third-quarter results to show that Cemex sold more cemen... |
HeidelbergCement India reports quarterly loss17 October 2013, Published under Cement NewsHeidelbergCement India has reported a loss for the third quarter of 2013 due to higher finance costs and depreciation expenses. During the July-September period of 2013 the company reported a INR28.35 crore loss having registered a INR7.5 crore net profit in the same quarter of the last fiscal, it said in a filing to the Bombay Stock Exchange. Total expenses rose to INR314.43 crore during the quarter from INR242.87 crore a year earlier mainly because of higher finance costs and deprecia... |
Asia Cement expects higher nine-month net profit17 October 2013, Published under Cement NewsAsia Cement said it expects a 150 per cent YoY increase in unaudited net profit attributable to shareholder for the first nine months of the year. The company says the advance is due to higher sales volumes and a decrease in coal costs compared to the same period of last year. |
Vicem Hoang Mai Cement expects to return to pretax profit, Vietnam14 October 2013, Published under Cement NewsVicem Hoang Mai Cement JSC expects to post a pretax profit of in the third quarter after an audited loss in the first six months, but is unlikely to hit its full-year target. The company’s third quarter pretax profit is expected to reach VND20bn (US$947,800) following a loss of VND23.78bn in the first half, the Dau Tu Chung Khoan magazine cited an official of the firm as saying. However, even with this quarterly advance the company is unlikely to hit its full-year profit target of VND90bn... |
SGC full-year revenue to be affected by flood impact14 October 2013, Published under Cement NewsSiam Cement Group (SCG) expects full year revenue to be slightly lower than original forecasts as flooding hits domestic sales. In an interview with the Bangkok Post, SCG’s chief executive Kan Trakhulhoon, said sales of cement and building materials have clearly witnessed a slowdown as floods spread to wider areas including the eastern area which is not usually flooded. The decline will result in slightly lower revenue for SCG as a whole, he added. The flooding in Thailand is affecting 25 ... |
Upbeat outlook for SCC third-quarter earnings11 October 2013, Published under Cement NewsThai conglomerate Siam Cement Co (SCC) is expected to post robust YoY earnings growth in 3Q13 thanks to improved petrochem spread and healthy cement demand growth with higher prices, according to a recent report by TISCO Securities. The research house expects SCC to post a 3Q13 net profit of THB9.1bn, up 41.9 per cent YoY but down 8.3 per cent QoQ. The expected YoY growth is due to higher petrochem spread, continued strong cement demand with higher prices, and extra gain from investment va... |
Jianxi Wannianqing expects significant rise in 9M net profit10 October 2013, Published under Cement NewsJianxi Wannianqing Cement said it expects net profit to surge in the first nine months of this year compared to the same period of 2012 due to an increase in sales and lower production costs. The China-based producer expects a rise of 196-223 per cent YoY. It earlier reported a net profit of CNY132.56m for the first half of the year, up 129.02 per cent on the 1H12. Core business revenue jumped 26.13 per cent to CNY2.53bn. |
Steppe Cement revises Kazakh full-year market outlook08 October 2013, Published under Cement NewsSteppe Cement Ltd said Tuesday its third-quarter 2013 revenue was slightly ahead on the same period of last year and has upwardly revised its outlook for full-year Kazakhstan cement demand. For the three months to the end of September the company reported revenues of KZT7.24bn (US$46.9m), a marginal 0.13 per cent increase on the KZT7.23bn achieved in the corresponding quarter of 2012. For the nine months ended 30 September, Steppe Cement recorded revenue of KZT15.39bn compared to KZT14.9... |