Cement News tagged under: Results
Holcim Indonesia first-half sales decline 1.3%02 August 2013, Published under Cement NewsPT Holcim Indonesia reported a decline in sales for the first six months of 2013, having registered a second consecutive quarterly fall. Volumes dropped by 1.3 per cent to 4Mt in the Jan-June 2013 period. "The company had foreseen the contraction after a similar dip in the first quarter, the first time after eight consecutive quarters of growth," Holcim president director Eamon Ginley told the Jakarta Post. First quarter sales fell 1.6 per cent to 2Mt. However, Mr Ginley expects the sl... |
Oman Cement output declines on mill setback02 August 2013, Published under Cement NewsOman Cement posted a 3.1 per cent rise in net profit for the first half of 2013 to OMR9.3m (US$24.2m) compared to OMR9m in the same period a year ago. Sales and output, however, fell partly due to the shutdown of one of its mills due to technical problems. The company produced 1.06Mt in the first half compared to 1.12Mt, 5.23 per cent. Total sales fell 2.6 per cent to OMR27.33m from OMR28.06m a year earlier. One of the company’s 150tph mills was shut for over a month but operations resumed ... |
Ashaka Cement first-half pretax profit falls 54.4%, Nigeria02 August 2013, Published under Cement NewsAshaka Cement reported a 54.4 per cent decline in first-half 2013 pretax profit to NGN1.65bn (US$10.3m) from NGN3.55bn a year ago. Turnover also fell to NGN11.81bn during the six months to June 30, compared to NGN12.26bn in the same period of last year. Askaka Cement, in which Lafarge holds a 59 per cent interest having increased this from 50 per cent last year. Is located in the northeastern state of Gombe. The firm owns a plant with a capacity of 0.85Mta and has initiated a programme to ... |
Vulcan sees main growth coming from the residential market, USA02 August 2013, Published under Cement NewsVulcan Materials' first-half turnover increased by 3.8 per cent to US$1276.9m and the EBITDA rose by 32.4 per cent to US$192m. The trading result swung from a US$26.6m loss into a profit of US$36.8m and after a net interest charge 2.2 per cent lower at US$103.6m, the pre-tax loss was reduced by 50.7 per cent to US$64.2m. The net attributable loss was reduced by 64.8 per cent, to US$31.5m. Capital investment is now increasing again and went up by 78.8 per cent to US$60m. Net debt declined... |
Russia and USA prove Dyckerhoff's only first-half bright spot01 August 2013, Published under Cement NewsGerman cement major and Buzzi Unicem subsidiary Dyckerhoff AG reported a decline in first-half sales volumes across all its market except Russia and the USA. Consolidated sales fell by six per cent. Group EBITDA was down by EUR3m which includes a one-time effect of EUR4m. In the previous year, one-time effects amounted to EUR5m. Pretax results were EUR10m, some EUR12m lower than the same period of last year. Net income after tax was EUR7m. For fiscal year 2013, Dyckerhoff expects group... |
Cementos Molins 1H profit falls 58%01 August 2013, Published under Cement NewsCementos Molins closed the first half-year with a profit of EUR8.3m, 58 per cent down on 1H12. The decline has been attributed to the poor performance of the Spanish subsidiaries, which recorded a EUR22.4m loss. The company’s overseas divisions returned a profit of EUR30.7m. The group's total turnover decreased by 8.6 per cent from the 1H12 and reached EUR416m. In Spain, the turnover decreased by 14 per cent. Abroad sales fell seven per cent due to lower contributions from Mexico and Ce... |
Siam Cement second-quarter net profit surges01 August 2013, Published under Cement NewsSiam Cement posted a surge in YoY net profit in the second quarter of 2013, boosted by strong earnings in its core businesses including its cement division. Thailand’s largest conglomerate doubled net profit for the April-June 2013 period to THB9.92bm (US$317m), up 132 per cent from THB4.28bn a year ago. Revenue increased six per cent in the second quarter from a year earlier to THB106.5bn. The company said it received THB2.9bn in dividend contributions from SCG Investment during the pe... |
HeidelbergCement raises 2Q13 operating profit31 July 2013, Published under Cement NewsHeidelbergCement, the world’s third-largest cement producer, reported a second-quarter operating profit as it managed to increase prices in its main markets. A rise in demand in Asia, Africa and North America, helped offset a slowdown in parts of Europe. Sales increased by 0.5 per cent in the second quarter to €3799m as successful cement and aggregates price increases had a positive impact on revenue growth in key market regions. Operating income before depreciation (OIBD) improved by 5.6... |
Italcementi's underlying EBITDA fairly stable31 July 2013, Published under Cement NewsItalcementi's first-half turnover declined by 6.2 per cent to €2156.6m and the running EBITDA was down by 10.6 per cent to €298.6m, with the reduction primarily reflecting exchange rate movements and lower income from the sale of emission certificates. The trading profit dropped by 27.1 per cent to €77.4m, and after an 0.9 increase in the net interest charge to €51.8m and a swing into loss from associates, the pre-tax dropped by 61.2 per cent to €21.6m. With a 2.8 per cent increase in the... |
Jaiprakash Associates downgraded, India31 July 2013, Published under Cement NewsTwo brokerages have downgraded Jaiprakash Associates Ltd, days after Deutsche Bank also cut its ratings and earnings estimates for the India-based cement producer. Morgan Stanley has downgraded Jaiprakash to "equal-weight" from "overweight", citing worsening headwinds for cement profitability, a reduced likelihood of the Reserve Bank of India (RBI) cutting interest rates and a lack of asset sales so far to meaningfully reduce debt levels. Citigroup, meanwhile, has cuts the company to "... |