Cement News tagged under: business results
Cementir Holding sees a 32% increase in revenue for 3Q1709 November 2017, Published under Cement NewsItaly-based Cementir Holding reported a revenue of EUR332.4m (US$385.4m) in the third quarter of 2017, reflecting a YoY increase of 32.1 per cent YoY. EBITDA rose to EUR46.5m in 3Q17, up 44 per cent YoY from EUR67m in the 3Q16 while EBIT reached EUR42.5m, representing a 59.8 per cent rise YoY. The company posted a 3Q profit before taxes of 42.3m, a 61.8 per cent increase when compared with 3Q16. In terms of sales volumes, the company sold 3.187Mt of grey and white cement during the qua... |
Shree Cement sees narrowing margins despite drop in fuel cost09 November 2017, Published under Cement NewsShree Cement Ltd’s power and fuel cost per tonne has dropped, according to a report by Mint. However, the falling cost of fuel over the third quarter of 2017 has not had much of a positive impact on the company’s earnings. The company’s cement sales volume increased seven per cent YoY to 4.8Mt over 3Q17, whilst its stand-alone net profit decreased by 27 per cent in the same period. Operating margins narrowed to 26.2 per cent in September from 32.7 per cent a year ago as the company's powe... |
Taiheiyo Cement reports 35% 1H pretax profit rise09 November 2017, Published under Cement NewsTaiheiyo Cement Corp has posted a 11.9 per cent rise in revenues to JPY421.94bn (US$3.72bn) in 1H17 from JPY376.93bn in 1H16. Operating profit during the six months ending 30 September 2017 increased 31.8 percent YoY to JPY27.43bn while pretax profits rose 34.9 per cent from JPY20.81bn in 1H16 to JPY28.07bn in 1H17. However, the Japan-based cement producer’s net profit fell 48.7 per cent from JPY42.1bn to JPY16.93bn over the same period. For the financial year ending March 2018, Taihe... |
HeidelbergCement announces 7% rise in EBITDA for 3Q1708 November 2017, Published under Cement NewsHeidelbergCement has announced for the third quarter of 2017 a seven per cent YoY rise in EBITDA from its current operations to EUR1058m on a comparable basis (adjusted for currency and consolidation effects). After depreciation and amortisation, the result from current operations grew by seven to EUR787m (3Q16: EUR738m). On a comparable basis, the rise in result from current operations before and after depreciation and amortisation amounted to seven and eight, respectively. “Besides the g... |
Tasek sees fall in net profit for 3Q1708 November 2017, Published under Cement NewsMalaysia-based Tasek Corp Bhd posted a 3Q net profit of MYR1.89m (US$447,190) a fall from MYR7.56m in the corresponding period of the previous year, according to The Star Online. The company has a total net profit of MYR6.93m so far this year, a considerable decrease from MYR48.2m of 9M16. The decline in profits has been attributed to a reduced demand for cement. |
East African Portland Cement reports KES1.4bn loss08 November 2017, Published under Cement NewsEast African Portland Cement Co (EAPCC) saw its net profit of KES4.1bn (US$39.6m) for the year ended 2016 evaporate to record a KES1.4bn loss for the year ended 30 June 2017. Revenues at the Kenya-based cement producer fell 21.9 per cent YoY to KES6.93bn from KES8.87bn. Loss before tax in FY17 stands at KES1.71bn compared with a pretax profit of KES3.73bn in the year-ago period. |
Cementarnica Usje sees 10% net profit fall in 9M1706 November 2017, Published under Cement NewsTitan-owned Cementarnica Usje of Macedonia reported a net profit fall of 10 per cent YoY to MKD865.9m (US$16.4m) in the first nine months of 2017. The company’s operating revenue rose three per cent YoY to MKD3.44bn, said the cement producer in a bourse filing. Operating expenses increased eight per cent to MKD2.46bn when compared with the year-ago period. Usje’s financial revenue rose by 14 per cent YoY to MKD19.1m, while financial expenses were MKD8.5m, up from MKD1.5m a year earlie... |
RAK Cement profits have fallen in 9M1706 November 2017, Published under Cement NewsRAK Cement has seen a 21.2 per cent fall in profits in 9M17. The UAE-based company's net profit totalled AED212,470 (US$57,830), compared to AED7.8m (US$2.12m) in 9M16. RAK Cement's sales amounted to AED137.28m in 9M17, a drop of 5.15 per cent YoY. |
Tabuk Cement reports a net loss in 3Q1706 November 2017, Published under Cement NewsAccording to Reuters, Tabuk Cement has seen a net loss of SAR12.2m (US$3.2m) in 3Q17, compared to a net profit of SAR7.9m (US$2.1m) in 3Q16. The net sales of the company have also decreased from SAR49.7m to SAR25.5m over the same period. |
SCG Cement sees 8% rise YoY from sales in Vietnam06 November 2017, Published under Cement NewsSCG Cement’s revenue from sales in Vietnam has seen an eight per cent rise YoY to VND6.88tn (US$309m) for 3Q17. The company’s revenue from selling high-valued products reached VND87.13tn for 9M17, which is a rise of seven per cent YoY and represents 39 per cent of the group's total revenues. In addition, the company invested VND1.6tn in research and development activities in the first nine months of 2017, according to Roongrote Rangsiyopash, the company's president and CEO. |