Cement News tagged under: Results
DG Khan Cement posts 34% rise in annual profit, Pakistan06 September 2013, Published under Cement NewsDG Khan Cement, part of the Nishat Group and one of Pakistan's largest cement manufacturers, posted a 34 per cent YoY increase in profit for fiscal year 2012-13. According to a notice sent by the company to the Karachi Stock Exchange, the company reported a net income of PKR5.5bn for the fiscal year 2013, compared PKR4.11bn in fiscal 2012. The rise in earnings was attributed to better cement prices and an increase in other income but were lower than analysts’ estimates due to a higher t... |
Tanga 1H hit by competition, higher costs04 September 2013, Published under Cement NewsTanzania-based cement producer Tanga Cement reported a 36.7 per cent drop in first-half net profit due to increased competition and operating costs. For the six months to the end of June 2013, net profit fell to TZS10.5bn (US$10.3m) from TZS16.6bn. "The low sale volume, together with reduced selling prices, reduced sales revenues by eight per cent to TZS122.62bn," company chairman, Laurence Masha, said in the statement. Kiln maintenance undertaken in May should reflect positively in th... |
Eastern Province Cement first-half net profit falls, Saudi Arabia04 September 2013, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPCC) reported a 9.7 per cent reduction in first-half 2013 net profit due to lower sales, higher production costs and maintainance work carried out during the second quarter. EPCC, which operates 3.2Mta of cement capacity from two cement plants, said net profit fell to SAR187m (US$49.9m) compared to SAR207m a year ago. Earnings per share (EPS) stood at SAR 2.17, compared with SAR 2.41. Operating profit in the six months to the end o... |
Semapa's 1H13 turnover declines03 September 2013, Published under Cement NewsIn the first half of 2013, Semapa reported that turnover from its cement division fell 3.2 per cent YoY to EUR233.5m, essentially due to a drop in turnover in Portugal and Angola. EBITDA in the cement business unit stood at EUR28.2m, up by 0.1 per cent on the same period in 2012. In the second quarter, EBITDA from cement business totalled EUR16.2m, up by 34.4 per cent from the previous quarter. This increase was largely due to a significant increase in sales in cement business in Portugal... |
Lafarge Cement Zimbabwe 1H profit slips03 September 2013, Published under Cement NewsLafarge Cement Zimbabwe’s profit for the first half of 2013 fell 3.8 per cent, but the company expects a better performance in the remainder of the year due to cost reduction measures and an improved operating environment. The company said profit after tax in the first six months of 2013 fell to US$2.6m due to lower sales and the payment of retrenchment costs. Revenue for the six months to the end of June 2013 totalled US$32.2m, six per cent less than the US$34.3m posted in the same perio... |
Southern Province Cement 1H net profit up 3.7%02 September 2013, Published under Cement NewsSouthern Province Cement posted a SAR566m (US$150.9m) net profit for the first half of 2013, up from SAR546m a year ago. The company attributed the increase to higher sales driven by a rise in local demand. The company operates 6.2Mta of cement capacity in the kingdom from three cement plants. Line 2 at its plant in Tahama was put into operation last year with a capacity of 10,000tpd and a third line is being built at the plant which will expand capacity by a further 5000tpd. When complet... |
Cementarnica Usje 1H net profit declines, Macedonia30 August 2013, Published under Cement NewsMacedonia’s sole cement producer Cementarnica Usje AD Skopje reported consolidated net profit in the first half of the year fell to MKD616.4m (EUR10m) from MKD741.3m a year ago. Operating income fell 13 per cent YoY to MKD1.8bn in the first six months of the year while operating costs were down MKD1.23bn from MKD1.37bn the year before. The company, owned by Titan, has a 0.9Mta production plant located at Usje, near Macedonia’s capital Skopje and around 20km from the Kosovo border. Last... |
Cimpor boosted by South American operations28 August 2013, Published under Cement NewsCimpor's underlying first half turnover improved by 19.6 per cent to EUR1299.8m as the company is boosted by its new South America operations but Portuguese losses more than double. EBITDA for the six month period advanced by a more modest 6.3 per cent to EUR284.2m. Ignoring non-recurring charges, the EBITDA would have been some 19 per cent ahead a EUR331m, while the improvement on the re-stated last year numbers was 28.1 per cent. On this basis, the trading profit increased by 34.6 per c... |
China Shanshui Cement 1H hit by lower prices27 August 2013, Published under Cement NewsChina Shanshui Cement recorded a YoY drop in net profit attributable to shareholders in the first six month of 2013, as the group faced pricing pressures in key operating regions. Net profit attributable to equity shareholders for the six months ended 30 June 2013 dropped 52.2 per cent YoY to CNY348m. The basic and diluted earnings per share were CNY12 cents. Revenue was CNY7.07bn, a decrease of 4.2 per cent from a year earlier. Gross profit margin dropped to 22.7 per cent from 24.9 per ce... |
Higher demand lifts Yamama 1H net profit, Saudi Arabia27 August 2013, Published under Cement NewsSaudi-based producer Yamama Cement Company reported a 11.7 per cent YoY rise in first half net profit thanks to a rise in sales due to higher local demand. For the first six month of the year, profit climbed to SAR544m (US$145m), up from SAR487m in the same period of last year. Gross profit rose to SAR562m from SAR526m a year earlier. |