Cement News tagged under: business results
Loma Negra 4Q17 net revenue rises by 57%09 March 2018, Published under Cement NewsLoma Negra (InterCement group) announced its results for the three- and 12-month periods ended 31 December 2017 with net revenue for 4Q17 increasing 57.1 per cent to ARS4452m (US$218.9m), from ARS2834m (US$139.3m) in 4Q16, mainly driven by higher volumes sold across all segments along with increased prices. Total cement, masonry and lime sales volumes in Argentina increased 14 per cent YoY in 4Q17 to 1.76Mt, driven by increased construction activity both in infrastructure and private consu... |
Breedon Group reports earnings up 43% to GBP652m07 March 2018, Published under Cement NewsBreedon Group PLC reports revenues grew by 43 per cent to GBP652.4m (US$904.9m) in 2017 while underlying earnings before interest and tax (EBIT) increased by 35 per cent to GBP80.4m, including a full-year contribution from Hope Construction Materials Ltd. This equates to an underlying EBIT margin of 12.3 per cent and Breedon reports that it is making good progress towards its 2020 target of 15 per cent. Profit before tax rose by 52 per cent to GBP71.2m and underlying basic earnings p... |
Caribbean Cement reports lower profits in 201707 March 2018, Published under Cement NewsJamaica-based Caribbean Cement Ltd reported profits of JMD1.1bn (US$8.65m), down from JMD1.3bn in 2016, according to RJR news. Company profits were impacted by the shutdown of a clinker line for maintenance in the second quarter, which resulted in a loss of JMD89m (compared to a profit of JMD359m in 2Q16). Revenues increased to JMD16.5bn when compared with JMD15.7bn the previous year. |
Alexandria Cement reports increasing losses in 201707 March 2018, Published under Cement NewsEgyptian cement producer Alexandria Cement reported a consolidated net losses of EGP513.85m (US$ 29.13m) , when compared with net losses of EGP50.86m in 2016. The company’s standalone net loss in 2017 also widened from EGP187.48m to EGP301.79m during the same period. |
Sinai Cement swings into the red07 March 2018, Published under Cement NewsSinai Cement, Egypt, incurred consolidated net losses of EGP352.48m (US$19.99m) in 2017 from a net profit of EGP14.64m in 2016. Its standalone net results showed a net loss of EGP354.74m in 2017, following on from net profits of EGP13.47m the previous year, according to Arab Finance. |
Kuwait Cement FY17 profit falls 12%07 March 2018, Published under Cement NewsKuwait Cement saw a YoY increase of 15.4 per cent in profits to KWD4.94m (US$16.5m) in 4Q17 from KWD4.28m in 4Q16, according to a stock exchange statement. However, in FY17, Kuwait Cement reported a drop of 11.8 per cent in profits to KWD17.19m, compared to KWD19.49m in FY16. The fall is attributed to higher financing costs (KWD480,450) as well as a decline in consolidated profit (KWD3.55m). |
Cemento Polpaico slips into loss06 March 2018, Published under Cement NewsChile’s Cemento Polpaico informed the country’s Financial Markets Commission (CMF) it registered losses of CLP1.042bn (US$1.74m) in 2017. The new income figure is a sharp reversal of the profit of CLP3.793bn reported in 2016. Sales reached CLP135.316bn in 2017, down 3.5 per cent YoY, when compared with sales of CLP140.187bn in 2016. |
LafargeHolcim incurs major impairment charges, rolls out 5-year strategy05 March 2018, Published under Cement NewsLafargeHolcim's underlying turnover for 2017 amounted to CHF26,129m, a decline of 2.9 per cent, while in euro terms there was a 10.2 per cent decrease to EUR22,672m. The Asia-Pacific region generated 28.5 per cent of group turnover, while Europe represented 27.4 per cent and North America 21.7 per cent. Latin America contributed 11.3 per cent and Africa/Middle East 12.9 per cent. Margins improved from 22.1 per cent to 22.9 per cent and underlying operating EBITDA advanced by 0.7 per cent to ... |
Adelaide Brighton announces results for 201705 March 2018, Published under Cement NewsAdelaide Brighton has announced its results for the full-year period, ended 31 December 2017. The company saw a 2.3 per cent YoY fall in net profit to AUD182m (US$141m), but revenue increased 11.7 per cent to finish at AUD1.56bn. The company received AUD17.7m of impairments, significantly higher than the anticipated AUD14m. As a result, the manufacturer has hired forensic accountants to examine whether an employee may have deliberately hidden customer underpayments for supplies over a sus... |
Industry sales in Pakistan grow by 4% in 1HFY1805 March 2018, Published under Cement NewsThe profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase in the international coal prices and a lower cement retention cost. In the 1HFY18, industry sales grew by four per cent YoY to PKR134.03bn, while cement dispatches recorded a growth of 12 per cent to 19.6Mt. However, this did not result in the topline growth of the sector due to a lower retention price in the north... |