Cement News tagged under: Results
Cimpor first-quarter boosted by new profile27 May 2013, Published under Cement NewsCimpor has reported a 22 per cent rise in turnover and a 15.2 per cent YoY increase in EBITDA for the first quarter of 2013 mainly due to the reshuffling of the group's profile. The performance of the new set of assets recently brought in by InterCement resulted in a contribution to consolidated EBITDA that was four times higher than that of the assets handed over by Cimpor in the asset swap concluded at the end of 2012. "The inclusion of operations in new countries such as Argentina and ... |
Gharibwal Cement sees strong rise in quarterly profit, Pakistan24 May 2013, Published under Cement NewsPakistan-based cement producer Gharibwal Cement Ltd reported a net profit of the company was PKR178m compared to PKR32.5m for the same period last year, thanks to an increase in sales volumes, net retention prices and cost control. Net sales of the company during the period were PKR1.77bn (US$18m) compared to PKR1.5bn during the same period of last year. Gross profit was PKR338m compared to PKR313m in the previous year, while the profit before tax was PKR188m against PKR47.8m in the compa... |
Hail Cement increases quarterly net loss, Saudi Arabia23 May 2013, Published under Cement NewsSaudi cement producer Hail Cement Co has reported a net loss of SAR13.9m (US$3.7m) for the first quarter of 2013, double the loss recorded in the same period a year ago of SAR6.3m. The company attributed the loss to higher expenses related to launching production, coupled with higher salary costs due to the growing number of employees. Newcomer to the Saudi cement industry, Hail Cement’s 1.65Mta plant, located in the north of the kingdom, is scheduled to come on-stream in the third quarter... |
India Cement's net profit hit by rising production and transportation costs22 May 2013, Published under Cement NewsRising production costs and subdued demand in the southern markets has resulted in India Cements reporting a 31 per cent decline in FY13 net profit. Net profits (consolidated) fell to INR178.62 crore for the fiscal, down from INR259.86 crore last year, while revenues rose nine per cent to INR5159.47 crore from INR4631.04 crore last year. According to N Srinivasan managing director of India Cements, profit took a hit due to an increase in cost of diesel and freight charges and high cost o... |
Eastern Province net profit rises 4.8% YoY20 May 2013, Published under Cement NewsEastern Province Cement Company (EPCC) posted a 4.8 per cent rise in net profit for the first quarter of 2013, which the company attributed the increase to a better performance at one of its affiliate companies. For the first three months to the end of March 2013, net profit rose to SAR109m (US$ 29.1m) compared to SAR104m in the same period a year earlier. Earnings per share (EPS) stood at SAR 1.27, compared with SAR 1.21. Operating profit, however, fell to SAR104m for the first three ... |
PPC to construct new plant in Democratic Republic of Congo17 May 2013, Published under Cement NewsPPC has announced plans to construct a 1Mta cement factory in the Democratic Republic of Congo, as part of the company’s plans to increase revenue streams outside South Africa to 40 per cent by 2016. The company is expanding in Africa through acquisitions to offset tougher competition in its domestic market and plans an investment of plans an investment of US$200m in the central African country. The move follows acquistions made last year in cement producers in Ethiopia and Rwanda. In ... |
Lafarge WAPCO's debt reduction plans17 May 2013, Published under Cement NewsLafarge WAPCO plans to pay off a NGN6bn (US$40m) in local debt this year, according to reports by Reuters. The company owes about NGN28.4bn (US$180.43m) in total loans, of which NGN6bn is from Nigerian banks, Fred Amobi, its chief financial officer told analysts at a conference call. He said Lafarge WAPCO had a three-year bond worth NGN11.6bn and a loan from a Nigerian development bank of NGN10.8bn in addition to the bank loans. Lafarge WAPCO, reported recorded a 50 per cent rise in it... |
Eagle Materials boosts cement and plasterboard volumes16 May 2013, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March rose by 27.1 per cent to US$738.9m, including the assets acquired from Lafarge from the end of November last year. Of the total turnover, plasterboard accounted for 41.5 per cent, cement 40.8 per cent, plasterboard liner 10.2 per cent and aggregates and concrete 7.5 per cent. The trading profit jumped by 93.9 per cent to US$134.54m thanks to an 11-fold i... |
Titan recovers in the USA15 May 2013, Published under Cement NewsTitan's first-quarter turnover showed a 7.8 per cent improvement to €243m while the EBITDA fell by 29.4 per cent, in line with the 29.3 per cent reduction seen this time last year, to €24.3m. The pre-tax loss rose by 33.5 per cent to €23.5m and the net attributable loss rose by 39.7 per cent to €27.1m. Net debt at the end of March, however, declined by 20.1 per cent to €630m, giving a gearing level of 41.6 per cent, compared with 48.6 per cent a year earlier. Group cement shipments ro... |
Sanghi Industries' 3Q benefits from extended sales reach14 May 2013, Published under Cement NewsSanghi Industries Ltd has posted a 234 per cent jump in net profit as the Gujarat-based producer increases its geographical sales spread and implements a number of cost-saving measures. Net profit for the third quarter ended 31 March 2013 reached INR419m compared to INR125m for the same quarter in previous financial year. Net sales in the 3QFY12-13 were INR2981m, almost on a par with the INR2971m recording in the 3Q of the previous year. For the nine months of current financial year, pro... |