Cement News tagged under: Results
China Resources Cement 1H13 profit rises12 August 2013, Published under Cement NewsChina Resources Cement (CRC) said yesterday that its net profit attributable to shareholders of the company increased 80.35 per cent YoY to HK$1.15bn (US$148.29m) in the first half of this year. Basic earnings per share were at 17.6 HK cents, and an interim dividend of 3.5 HK cents was declared. The firm's turnover rose 16.5 per cent YoY to HK$12.86bn in the first half. Gross profit jumped 29% YoY to HK$2.97bn in the period, and gross profit margin was about 23.1 per cent in the period, u... |
Gansu Qilianshan's net profit surges, China12 August 2013, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd earned a net profit of CNY110m (US$18m) in the first half of 2013, a YoY rise of 314 per cent. The cement producer saw operating revenue advance 24.57 per cent YoY to CNY2.31bn, with basic earnings per share of CNY0.18. |
Acquisitions, improved markets drive Eagle's 1Q08 August 2013, Published under Cement NewsIn the first quarter of its financial year to 31 March 2013, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, rose by 43.7 per cent to US$255.4m as the company was boosted by acquisitions and improving markets. Trading profit more than doubled (+108.9 per cent) to US$49.47m and after an interest charge 31.6 per cent higher at US$4.96m, the pre-tax profit advanced by 123.5 per cent to US$44.51m and the net attributable profit emerged 115.4 per cent ... |
CCCL reports 2Q13 net profit, Jamaica08 August 2013, Published under Cement NewsCaribbean Cement Company Ltd (CCCL) has reported a second-quarter net profit as the Jamaica-based cement producer increased domestic market share and exports to Panama provide an extra boost to revenue. In the second quarter of 2013, cement exports declined but local sales reached 150,000t to push revenues for the three-month period above JMD3bn (US$29.6m). The company made a profit for the second quarter of JMD359m. However, CCCL general manager attributed to the improvement to the compa... |
Vicat advances in Turkey and Kazakhstan07 August 2013, Published under Cement NewsVicat's first-half turnover increased by 1.7 per cent to EUR1147.7m, which amounts to a 3.2 per cent improvement on a comparative basis as the France-based cement producer made notable advances in Turkey and in Kazakhstan. EBITDA edged ahead by 0.4 per cent to EUR201.4m and the margin narrowed only slightly from 17.8 per cent to 17.6 per cent. The trading profit improved 2.4 per cent to EUR107m. After a net financial charge 9.8 per cent higher at EUR21.5m and a 33.8 per cent increase in t... |
Pacasmayo boosted by northern projects, Peru06 August 2013, Published under Cement NewsCementos Pacasmayo, a leading Peruvian cement company, reported a 9.1 per cent increase in cement sales volumes for the 2Q13 as it benefits from strong demand in the northern region. During the second quarter, consolidated EBITDA rose 60 per cent to PEN91.5m (US$32.8m) compared to PEN57.2m in the same period the year before. Operating profit increased 72.9 per cent in 2Q13 to PEN77.8m compared to 2Q12. However, net income fell 21.7 per cent in the second quarter to PEN 23.4m, mainly due ... |
Japanese producers see strong first quarter06 August 2013, Published under Cement NewsTwo of Japan’s leading cement producers are expected to post higher first-quarter profit supported by cement demand for earthquake rebuilding efforts. The country’s largest cement producer, Taiheiyo Cement, is seen posting roughly JPY5bn (US$50.8m) in pretax profit for the April-June quarter, compared with a year-earlier loss of JPY4.2bn, marking the company’s first pretax rise in six years. The Nikkei reports that sales likely increased by 10 per cent YoY to about JPY190bn as shipments to... |
Buzzi Unicem hit by weaker markets05 August 2013, Published under Cement NewsBuzzi Unicem's first-half turnover declined by 5.7 per cent to EUR1273.7m and the EBITDA fell by 24.8 per cent to EUR150.7m as the Italian cement major was hit by weaker markets in Italy, Poland and Mexico. Excluding non-recurring items, the reduction would have been 21 per cent. The first half trading profit fell by 56.8 per cent to EUR37.8m and the interest charge was reduced by 31.9 per cent to EUR47.6m, with the pre-tax result swinging from a EUR22.6m profit to a loss of EUR8.3m. Afte... |
HeidelbergCement increases pre-tax profit by 52.1 per cent02 August 2013, Published under Cement NewsHeidelbergCement's first half turnover was virtually unchanged at €6560.4m (-0.3 per cent), while the EBITDA improved by 5.1 per cent to €953.1m as energy and raw material costs eased. The trading profit was up by 6.9 per cent to €540.4m and after a net interest charge 7.4 per cent lower at €259.3m and other financial items, the pre-tax profit rose by 52.1 per cent to €254.0m. Lower charges for tax and minorities led to a net attributable profit of €175m compared with a €27.3m loss a year ea... |
Titan's European profitability suffers02 August 2013, Published under Cement NewsTitan's first-half turnover improved by 4.4 per cent to €571.9m but the EBITDA fell by 17.8 per cent to €92.2m as European profitability continues to suffer. The trading profit fell by 36.6 per cent to €32m, but the net financial charge, that had dropped by 54.9 per cent to €20.5m a year ago, more than doubled to €44m. As a result, there was a pre-tax loss of €12.4m compared with a profit of €29.5m and the net attributable loss amounted to €21.8m. Capital investment recovered by 5.7 p... |