Cement News tagged under: Results
ARM anticipates higher earnings growth04 October 2013, Published under Cement NewsKenya-based ARM Cement expects a slight acceleration in earnings this year as new capacity in Tanzania boosts volumes, its chief executive has said. Referring to his expectations for profitability and sales, Pradeep Paunrana told Reuters: “This year we are looking at increasing our top line and bottom line by 35 per cent over last year and next year we expect a similar growth.” The company commissioned a 0.75Mta grinding plant in the Tanzanian capital of Dar es Salaam a year ago, adding ... |
JK Cement expands capacity to support sales volume30 September 2013, Published under Cement NewsJK Cement is increasing capacity by 3Mta through two split-grinding units of 1.5Mta each in Haryana and Rajasthan in the northern region, lifting its grey cement capacity to 10.5Mta. The projects are expected to be completed by June 2014 and should help in realising higher volumes. At present, 2QFY14 results are expected to be subdued due to lower volumes and cement prices. Grey cement volumes are forecast to decline 10 per cent as the company’s southern plant noted a 30 per cent drop in ... |
Maple Leaf full-year profit boosted by higher cement prices26 September 2013, Published under Cement NewsMaple Leaf has reported a over a six-fold rise in annual net profit for FY13 driven in part by higher cement prices and lower coal costs. According to a notice sent by the company to the Karachi Stock Exchange, for the 12 months ended 30 June 2013, the company posted a profit of PKR3.23bn compared to PKR496m in the previous fiscal – a staggering increment of 550 per cent. Sales rose by 12.3 per cent to PKR17.36bn thanks to higher domestic prices and better export volumes. Rising cem... |
Kohat Cement full-year profit rises 58.55%, Pakistan23 September 2013, Published under Cement NewsNorthern Pakistan-cement based cement producer Kohat Cement Co reported a 58.55 per cent YoY rise in FY13 net profit. For the July 2012-June 2013 fiscal, the company reported a profit after tax of PKR2.632bn (US$25.55m) against PKR1.66bn during the year before. Net sales increased to PKR11.297bn from PKR9.316bn in FY12. It incurred selling and distribution expenses of PKR58.4m and administrative and general expenses of PKR86.423m compared to PKR46.242m and PKR66.714m, respectively in FY12.... |
Kohat Cement sees 59% rise in full-year profit, Pakistan20 September 2013, Published under Cement NewsPakistan-based Producer Kohat Cement reported a 59 per cent surge in net profit for FY12-13 mainly due to favourable cement and coal pricing trends as well as lower financial costs. For the 12 months ending 30 June 2013, the company posted a profit after tax of PKR2.64bn compared to PKR1.66bn in the previous fiscal. Kohat Cement CEO and All Pakistan Cement Manufacturers Association chairman, Aizaz Mansoor Shiekh, said improved cement prices both in domestic and to export markets, stabl... |
Lucky Cement full-year profit rises 47%18 September 2013, Published under Cement NewsPakistan-based producer Lucky Cement reported a 47 per cent increase in full-year profit and is optimistic on the outlook for domestic consumption but cautions that challenges remain. Net income rose to a record PKR10bn (US$95m) in the 12 months ended 30 June from PKR6.78bn a year earlier. Gross sales rose 63 per cent to PKR63.9bn. The rise in profit is being attributed to an 11 per cent increase in cement prices which climbed to PKR458/50kg bag. “The consumption of cement in the co... |
Semen Indonesia sees 16% YoY rise in Jan-Aug 2013 cement sales17 September 2013, Published under Cement NewsSemen Indonesia reported a 16 per cent increase in cement sales for the first eight months of this year to 16Mt, as the country's largest producer sees market share increase on the back of new volumes. Domestic shipments increased by 15 per cent YoY to 15.8Mt while exports rose 373 per cent to 191Mt. Dwi Soetjipto, president director of Semen Indonesia, said the rise in sales was also supported by operations of two new lines, Tuban IV and Tonasa V. Over the Jan-August 2013 period, the ... |
Steppe Cement 1H13 profit rises to US$3.8m17 September 2013, Published under Cement NewsSteppe Cement Ltd posted an increased pretax profit during the first six months of the year of US$3.8m compared with US$391,000 a year earlier. Revenue rose to US$54.3m versus US$52.2m while operating income was up to US$6.2m versus US$3.2m. Net profit attributable to shareholders swung to a profit of US$2.2m versus a loss US$109,000 in the same period a year earlier. Sales volumes, however, fell by 8.3 per cent to 564,440t versus 615,838t in the first six months of 2012. The average sale... |
Tabuk Cement first-half net profit edges ahead10 September 2013, Published under Cement NewsSaudi-based producer Tabuk Cement reported a net profit of SAR107m (US$28.5m) for the first half of 2013, up 1.04 per cent from the SAR105.9m in the same period of the year before. The company attributed the rise to cost rationalisation, but did not disclose any exact figures. Earnings per share stood at SAR1.19 almost unchanged SAR1.18m. The company’s operating profit declined to SAR105.5m in January-June 2013, compared with SAR108.9m in the same period of last year. |
Sinai Cement first-half profit declines, Egypt06 September 2013, Published under Cement NewsSinai Cement reported a 30 per cent YoY decline in net profit for the first six months of 2013. The Egypt-based cement producer said that net profit fell to EGP50,991,171 (US$7.4m) for the six months compared to EGP 73,140,215 (US$10.6m) for the same period of last year. |