Cement News tagged under: business results
Cementos Molins sees 33% profit rise in 1Q1703 May 2017, Published under Cement NewsSpain's Cementos Molins saw its profit rise 33.2 per cent YoY to EUR20.5m in the first quarter of 2017 due to an increase in sales and a positive trend in prices. However, net profit, which reached EUR1.2m, was negatively affected by currency depreciation, particularly the Mexican peso. Revenues advanced 20.6 per cent YoY to EUR194.1m while gross operating profit rose 27 per cent YoY to EUR49.4m. The company attributes this to he rebound in sales and prices, "despite the fact that pro... |
Votorantim02 May 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1294m) while, although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m). Brazil accounted for 47 per cent of the turnover, compared with 54 per ... |
CRH02 May 2017, Published under Cement NewsCRH's underlying sales in the 1Q17 improved by around three per cent, with European turnover advancing by six per cent while in The Philippines there was a 12. per cent decline. The group EBITDA in the 1H17 is expected to be ahead of the EUR1120m achieved during the first half of last year. Heavy building materials volumes in Great Britain were ahead except for cement, which was marginally behind. French volumes showed an improvement thanks to increased housebuilding activity, while Dutc... |
Cemex02 May 2017, Published under Cement NewsCemex will retain full ownership of Cemex Croatia as the European Commission has blocked its sale to HeidelbergCement-Schwenk joint venture, Duna-Drava Cement. Cemex Croatia operates three cement works, seven batching plants, two quarries and a number of terminals across Croatia, Montenegro and Bosnia-Herzegovina. Cemex' first-quarter turnover improved by 0.7 per cent to US$3136.6m, but EBITDA declined by 1.9 per cent to US$559.17m. The trading profit rose by 45 per cent to US$491.2m. The... |
Cemex reports jump in net profit28 April 2017, Published under Cement NewsCemex reported a jump in net profit to US$336m in the 1Q17 from an income of US$35m in the same period of last year, as the Mexican major as the cement maker continued to sell assets and reduce debt. On a like-for-like (LFL) basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by six per cent during the 1Q17 to US$3.1bn versus the comparable period in 2016. Operating EBITDA on a LFL basis increased by two per cent during the quarter to ... |
PT Indocement26 April 2017, Published under Cement NewsPT Indocement’s domestic sales volumes fell by 2.9 per cent YoY to 16.6Mt in 2016, causing its market share to contract from 27.1 to 26 per cent over the same period. Net income for the year declined by 11.03 per cent. “Increased competition in an oversupplied market, falling demand and the addition of some cement manufacturers and grinders in the home market has led to the erosion of margins due to falling prices,” says PT Indocement's Company Secretary, Oey Marcos. Exports, however, saw... |
UltraTech Cement26 April 2017, Published under Cement NewsUltraTech Cement has reported a 10 per cent YoY increase in profit after tax in FY17 to INR27.15bn (US$421.9m). Consolidated sales came in at INR250.92bn, up slightly from the INR248.8bn recorded in the previous year. Profit before interest, depreciation and tax advanced by nine per cent to INR58.61bn. Domestic sales remained flat at 47.62Mt. Meanwhile, cement prices in east India in particular continued to rise on the back of improved demand in states such as Bihar, Jharkhand and Chhatti... |
Carthage Cement reports domestic sales up 8%25 April 2017, Published under Cement NewsTunisia’s Carthage Cement has seen its domestic sales rise to TND33.97m (US$13.6m) in 1Q17, up eight per cent YoY. However, the import ban by Algeria has seen the company’s exports to the neighbouring country temporarily suspended, resulting in a 74 per cent drop in cement exports to TND2.2m. The company's overall sales at the end of March decreased by 13 per cent to TND46.3m compared to TND53.4m in the 1Q16. Carthage’s cement production fell by five per cent YoY while clinker product... |
Votorantim sees cement revenues fall 10% YoY in 201619 April 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil... |
Oman: Raysut Cement gross profit falls 39% in 1Q1718 April 2017, Published under Cement NewsRaysut Cement posted a 38.7 per cent decline in gross profits in 1Q17 as profits reached OMR6.29m (US$16.3m), down from OMR10.26m in 1Q16, according to the company’s statement to the Muscat Securities Market. Revenues were down 23.2 per cent to OMR19.43m in the first three months of the year, copared to OMR25.3m in 1Q16. Profit before tax reached OMR4.56m in 1Q17, a 48.6 per cent YoY decrease from OMR8.87m. |