Cement News tagged under: business results
Arkan posts AED30.2m net profit following Emirates Cement closure16 February 2018, Published under Cement NewsUAE cement producer Arkan Building Materials Co posted a net profit of AED30.2m in 2017 compared to a loss of AED82.3m in 2016. The company attributed the increase in profits to an AED158m asset write-off relating to the closure of the Emirates Cement Factory. “Net profit was also impacted by the increase in gas and electricity prices enforced last year by AED78m and the completion of the accounting treatment of the benefit from the government grant of AED18m received in July 2011,” th... |
Maple Leaf Cement profit falls in 6MFY17-1816 February 2018, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) announced its half-year financial result for the period ended 31 December 2017 today. It reported earnings o f a profit after tax of PKR2.24bn (US$20.2m) compared to PKR2.62bn (US$23.6m) earned in corresponding period last year showing a fall of 14.50 per cent on YoY basis. According to financial result sent to Pakistan Stock Exchange (PSX), the company also announced an interim cash dividend of PKR1.50/share. Its net sales increased to PKR12.27bn d... |
Cementir boosted by full-year results from Belgium15 February 2018, Published under Cement NewsCementir Holding's turnover in 2017 increased by 25.3 per cent to EUR1287.5m and EBITDA was ahead by 11.5 per cent to 220.5m. As regards the continuing business, the turnover advanced by10.9 per cent to EUR1140.0m and EBITDA emerged 13.3 per cent ahead at EUR224.2m, while the trading profit showed a 50 per cent advance to EUR142m. Net debt at the end of 2017 was 4.6 per cent lower at EUR536.6m, while capital investment in the year increased by 33.9 per cent to EUR92m. Since the year end, ... |
Prism Cement posts increase in net profits14 February 2018, Published under Cement NewsPrism Cement has posted its results for the quarter ended 31 December 2017. The company reached a net profit of INR148.5m (US$2.31m), compared to a loss of INR470m in the year-ago period. The total net sales of the company advanced to INR12.96bn from INR12.34bn, according to Reuters. |
Martin Marietta Materials’ improves prices in spite of some weak markets14 February 2018, Published under Cement NewsMartin Marietta Materials saw turnover advance by 3.8 per cent in 2017 to US$3965.6m and EBITDA was 3.4 per cent ahead at US$1004.4m, with the final quarter showing a 14.2 per cent advance. The trading profit improved by 3.4 per cent to US$700.4m while interest charge increased by 12 per cent 91.5m, giving a pretax profit two per cent ahead at US$618.9m. Thanks to a tax credit, the net attributable profit it improved by 67.7 per cent to US$713.3m. Martin Marietta's aggregates production... |
Siam Cement record revenue increase in 201714 February 2018, Published under Cement NewsSiam Cement has released its financial results for the full-year period ended 31 December 2017. Revenue reached THB450.9bn (US$14.34bn), an YoY increase of six per cent from THB423.4bn. Net profit fell two per cent to THB55bn from THB56bn of 2016, due to weakness in the domestic cement and building materials operations. However, EBITDA advanced four per cent to finish at THB102bn. In the 4Q17 the company recorded a significant 14 per cent YoY increase in revenue to THB113,400. Net profit ... |
Cementos Chihuahua sees 58% EBITDA hike in 4Q1714 February 2018, Published under Cement NewsCementos Chihuahua increased its EBITDA by 58.4 per cent YoY in the 4Q17 due to higher cement and concrete sales in Mexico and the USA as well as a 6.2 per cent cement price increase, according to a company statement to the Mexican Stock Exchange. "In the United States, sales increased 29.8 per cent and accounted for 76 per cent of Cementos Chihuahua's consolidated net sales. In Mexico, fourth-quarter sales increased 22.6 per cent and accounted for 24 per cent of net sales," said the stat... |
Ras Al-Khaimah Cement records net profit increase14 February 2018, Published under Cement NewsRas Al-Khaimah Cement has recorded a substantial increase in net profit for the full-year period of 2017, reaching AED21.3m (US$5.79m) from AED5.8m a year ago. However, the company also announced a fall in revenue to AED199.2m from AED229.5m of 2016, reports Reuters. |
Cementos Pacasmayo records sales volume increase in 4Q1713 February 2018, Published under Cement NewsPeru's Cementos Pacasmayo has announced its consolidated results for the fourth quarter and full-year period ended 31 December 2017. The sales volume of cement, concrete and blocks increased 7.3 per cent YoY in the 4Q17, attributed to growth in the self-construction market and an uptick in public sector spending. Cement EBITDA rose 13.9 per cent to PEN105.5m (US$32.2m), while the EBITDA margin of the sector expanded to 32 per cent. Consolidated EBITDA fell 35.7 per cent due to a write-off... |
Mangalam records 8% revenue increase13 February 2018, Published under Cement NewsIndia-based Mangalam Cement has submitted its results for the quarter ending December 2017, which feature a 46 per cent YoY decrease in net profit to INR27m (US$420,126) from INR58.5m. However, revenue has increased eight per cent to INR2.92bn from INR2.7bn of the year-ago period. The company has also received approval to construct a 11MW waste heat recovery unit at its plant in Morak, Rajasthan, according to Reuters. |