Cement News tagged under: Weekly Newsletter
Raysut full-year profit dips, Oman09 February 2015, Published under Cement NewsRaysut Cement reported full-year net profit of OMR27.42m (US$71.22m), 0.4 per cent lower than the OMR27.52m posted in the previous year. Revenue rose 1.1 per cent to OMR94,29m from OMR93.29m, according to a company filing with the Muscat Securities Market on Thursday. A research note by Gulf Baader Capital Markets (GBCM) said the company’s revenue was in line with estimates but earnings was below its forecast of OMR28.8m. According to GBCM, group sales volumes came in at 3.8Mt but ... |
Cemex’ US EBITDA rises by 65% and trading loss almost eliminated06 February 2015, Published under Cement NewsCemex' turnover improved by 3.2 per cent in 2014 to US$15,708.5m and the EBITDA advanced by 3.7 per cent to US$2740.5m, while the trading profit rose by 12.3 per cent to US$1275.6m. The net interest charge rose yet again and was up by 4.3 per cent to US$1608.4m, while the pre-tax loss was reduced by 53.2 per cent to US$124m and the net attributable loss emerged 39.8 per cent lower at US$507.3m. Net debt, including perpetual notes, declined by 6.7 per cent during the year to US$16,291... |
Cementir increases profit and reduces debt06 February 2015, Published under Cement NewsCementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but at constant currencies there would have been a 5.3 per cent increase. The EBITDA, however, improved by 13.4 per cent to EUR192.4m, in spite of negative exchange rate movements though it was boosted by non-recurring credits of around EUR12m. As a result, the margin improved from 17.2 per cent to 20.3 per cent, or to 19 per cent excluding non-recurring items. The trading profit again showed a more marked advance, ri... |
Pakistan dispatches rise 9.5% in first seven months05 February 2015, Published under Cement NewsPakistan cement dispatches over the first seven months of the current fiscal increased by 6.18 per cent to 20.22Mt compared with 18.86Mt in the same period of the previous year, boosted by local sales. "The most pleasant aspect of this growth is that it is led by domestic consumption which increased by 9.45 per cent during this period" a spokesperson for the All Pakistan Cement Manufacturers Association (APCMA) said. Dispatches from the north rose by 10.63 per cent to 12.95Mt versus 11... |
Vicat increases cement shipments by 13.7%04 February 2015, Published under Cement NewsVicat's turnover improved by six per cent in 2014 to €2423m, which translates into an underlying increase of eight per cent on a like-for-like basis. Turnover in cement advanced by 13.7 per cent to €1261m, or €1483m before deducting inter-group transfers. Aggregates and concrete sales declined by 1.8 per cent to €860m, while other activities saw turnover edging ahead by 0.3 per cent to €301m. Cement accounted for 53.7 per cent of turnover, up from the 50.6 per cent shown in the previ... |
ACC reports 19% rise in 4Q14 profit04 February 2015, Published under Cement NewsACC, India’s second-largest cement manufacturer, reported a 19 per cent jump in profit in the October-December quarter, driven mainly by a substantial tax reversal. Net profit rose to INR3.26bn in the three months ended 31 December from INR2.75bn a year ago, the company said in a filing to the Bombay Stock Exchange. The tax reversal for the quarter stood at INR1.8435bn against a reversal of INR358.5m in a year ago. The Holcim group company said net sales increased by three per cent to I... |
2014 MPA sales volumes positive as construction markets improve02 February 2015, Published under Cement NewsMinerals products markets performed strongly in 2014 as construction output grew by six per cent, according to MPA figures. Sales volumes accelerated for aggregates (11 per cent growth made up of crushed rock + 13.5 per cent, sand and gravel +7.2 per cent) and asphalt (+8.6 per cent). Growth in ready-mixed concrete sales moderated in 2014 (+1.7 per cent), but from a higher base following an early and marked recovery of the concrete market throughout 2013. Asphalt and crushed rock sales wer... |
Pakistan: Attock Cement sees 24% increase in quarterly profit29 January 2015, Published under Cement NewsAttock Cement reported a 24 per cent rise in profit during 2QFY14-15 of PKR554m (US$5.5m) compared to PKR449m in the same period of last year. First-half profit increased 15 per cent to PKR1025m against PKR871m in 1HFY13-14, the Pakistan-based producer reported. Net sales rose to PKR3193m in 2QFY15 compared to PKR3045m in 2QFY14, up by five per cent. First half sales rose seven per cent to PKR 6369m Gross margins also improved markedly by 33.04 per cent compared to 27.46 per cent dur... |
Cementos Argos may refinance short-term debt in 2015, Fitch28 January 2015, Published under Cement NewsThe majority of Cementos Argos’ short-term debts due in 2015 are expected to be refinanced, according to an analysis of Colombian cement firm by Fitch Ratings. This move is anticipated due to the pressure on free cash flow during 2014 that was caused by the firm's aggressive acquisition programme, while the ratings agency believes that the business's liquidity is adequate and its funds from operations are stable. Cementos Argos has available credit worth COP2.20tn (US$922.43m), as well... |
PPC cautions on half-year earnings27 January 2015, Published under Cement NewsSouth Africa's biggest cement maker, PPC, advised yesterday that its earnings in the six months to the end of March 2015 may fall by as much as 45 per cent partly due to rising finance costs. The company said in a trading statement released yesterday that it headline earnings per share for the six for the first half of the fiscal year is expected to be between 25 and 45 per cent lower than the comparative period of the previous year. “Notwithstanding a weaker trading environment, the mai... |