Cement News tagged under: business results
Boral reports strong 1H performance13 February 2018, Published under Cement NewsBoral's turnover for the six months to the end of December jumped by 40.3 per cent to AUD2937m (EUR1868m/US$2312m), helped by the acquisition of the Headwaters business in North America and by a strong performance from Boral Australia. EBITDA advanced by 50.1 per cent to AUD500m (EUR318m) while the trading profit increased by 49.8 per cent to AUD316m (EUR201m). After a net interest charge 85.23 per cent higher at AUD50m (EUR31.8m) the pretax profit improved by 44.6 per cent to AUD266m (E... |
Eagle Materials reports 19% YoY rise in sales13 February 2018, Published under Cement NewsEagle Materials reported a 19 per cent YoY rise in revenues to US$359.4m for the third quarter ended 31 December 2017. Cement revenues in 3QFY17-18, including joint venture and intersegment revenues, totalled US$161.6m, up 17 per cent from the comparable period the previous year. The average net sales price during the quarter was US$106.83/t, reflecting a YoY price increase of six per cent. “Operating earnings from Cement for the third quarter were a record $52.5 million and 16% greate... |
Thatta Cement's profit falls13 February 2018, Published under Cement NewsThatta Cement Co Ltd's (TCCL) financial results for the half year ended 31 December 2017 saw a profit after tax PKR321.66m (US$2.9m), compared to PKR405.79m earned in corresponding period last year – showing a fall of 20.7 per cent in profit on YoY basis. The company's net sales stood at PKR1.73bn compared to PKR1.77bn in 6MFY16. It incurred a distribution cost of PKR35.43m against PKR45.49m in 6MFY16. Its administrative expenses stood at PKR70.50m compared to PKR69.83m corresponding pe... |
India Cement cracks down on fixed costs13 February 2018, Published under Cement NewsIndia Cements reported a net profit of INR152.4m in the quarter ended 31 December 2017, which represents a 35.6 per cent decrease QoQ from INR236.7m, according to the Business Standard. In 3QFY16-17 net profit reached INR353.4m. India Cements was able to contain the loss by controlling fixed costs. The company closed down the infrastructure division and partially shut down its shipping division. Changes were also made to its accounting policy. Total overheads fell to INR770m from INR1... |
Sumitomo Osaka records a revenue increase in 9M1712 February 2018, Published under Cement NewsSumitomo Osaka has released its results for the nine-month period ended 31 December 2017. Revenue advanced to JPY181bn (US$166.5bn) from JPY171.1bn seen in the year-ago period. However, operating profit fell from JPY16.4bn to JPY13.7bn, with net profit marking a similar decline to JPY10.63 from JPY12.89bn. In its forecast for the year ending March 2018, the company predicts a total revenue of JPY249bn. Operating profit is expected to finish at 20.5bn, with net profit at JPY14.6bn. |
Birla reports 13% rise in revenues, sees net loss narrow in 3QFY16-1712 February 2018, Published under Cement NewsBirla Corp reported a consolidated net loss of INR-218.4m (US$-3.4m) for the quarter ended 31 December 2017, when compared to INR-412.9m in the equivalent period a year ago. Revenue from its operations was INR13.893bn, up 12.7 per cent YoY from INR12.324bn in the 3QFY16-17. EBITDA increased 7.9 per cent YoY from INR1.417bn to INR1.528bn in the quarter ending 31 December 2017. The company attributed the 3Q loss to the “non-availability of railway rakes, as these were diverted for ca... |
Taiwan manufacturers see positive January12 February 2018, Published under Cement NewsFour of Taiwan's cement producers have reported positive results for January. Hsing Ta, Universal, Asia Cement Corp and Taiwan Cement Corp all saw revenues increase. Hsing Ta Cement has announced its revenue results for the January 2018 period, which feature a 42.8 per cent rise to TWD475.4m (US$16.2m) from TWD333m in January 2017. Similarly, Universal Cement Corp has realised a 26.6 per cent YoY revenue increase from TWD363.8m to TWD460.4m for January 2018. In the same period, As... |
Sri Chakra Cement slides into loss12 February 2018, Published under Cement NewsSri Chakra Cement, based in the Indian state of Andhra Pradesh, has reported a net loss in INR-19.1m (US$ 297,038) in 3QFY17-18 ended 31 December 2017 when compared with INR81m in the previous quarter. The company’s net revenue declined by 8.7 per cent to INR519.7m in the October-December quarter. In 3QFY16-17 net revenues reached INR568.9m. Operating expenses during the 3QFy17-18 increased by 14 per cent to INR528.4m from INR463.7m YoY while other income more than tripled from INR... |
Cemex’s lower trading profit offset by lower tax rate/interest charge09 February 2018, Published under Cement NewsCemex' turnover improved by 2.4 per cent in 2017 to US$13,672.2m. EBITDA declined by 9.1 per cent to US$1725.2m and the trading profit fell by 15.8 per cent to US$1523.1m. The net interest charge, however, declined by 10.9 per cent to US$1022.3m, but still giving a pretax profit 22.9 per cent lower at US$723.4m. The tax charge was some 83 per cent lower and deconsolidated activities had also been profitable, giving a net attributable profit 7.5 per cent ahead at US$806.2m. Net debt, inclu... |
Buzzi Unicem expects to report EBITDA close to EUR580m09 February 2018, Published under Cement NewsBuzzi Unicem's turnover in 2017 improved by 5.1 per cent in 2017 to EUR2806m, with a like-for-like improvement of 3.7 per cent after adjusting for the acquisition of Zillo and currency movements. The company expects to report a preliminary EBITDA of nearly EUR580m in 2017 – below their latest guidance. The cement producer attributes the shortfall to a challenging environment in December and expects the impacting factors to be temporary and not affect the company's positive outlook for 2018. ... |