Cement News tagged under: business results
Anhui Conch28 March 2017, Published under Cement NewsDespite over-capacity and intense market competition, Anhui Conch recorded a 9.72 per cent increase in revenue in 2016 to CNY55.9bn (US$8.1bn), compared to the previous year. Net profit came in at CNY8.57bn, up 13.7 per cent YoY, while earnings per share saw a 13.7 per cent increase on 2015 to reach CNY1.62. According to the company, it adopted a “one policy for one region, one policy for one plant and implementation of different policies’, which achieved a stable increase in sales volume... |
Cementos Argos28 March 2017, Published under Cement NewsCementos Argos has reported a 7.7 per cent increase in consolidated revenue to US$8.5bn in 2016. Consolidated EBITDA came in at US$1.7trn, up 8.7 per cent YoY. While the US division, which accounts for 50 per cent of the company’s total revenues, performed well, with revenue advancing by 11.6 per cent YoY to US$1.4bn, the Colombian market saw sales volumes contract by 19 per cent. As a result Cementos Argos has postponed plans to expand its Sogamoso plant by 2.3Mta in favour of increasing... |
PT Indocement28 March 2017, Published under Cement NewsPT Indocement recorded net revenue of IDR15.36trn (US$1.15bn) in 2016, down from IDR17.8trn in 2015 and IDR19.9trn the year before. The order in early 2015 by President Joko Widodo to lower the price of cement is being blamed for the fall. The company has tried to counter the drop in price by various efficiency measures, resulting in the cost of goods sold contracting by 8.7 per cent in 2016. However, net profit still declined, falling from IDR4.36trn in 2015 to IDR3.87trn in 2016. The co... |
Ukraine: Mykolaivcement returns to profit in 201624 March 2017, Published under Cement NewsPJSC Mykolaivcement, owned by CRH of Ireland, reached a net profit of UAH31.394m (US$1.16m) in 2016, a considerably improved result when compared with the 294.6m loss reported in 2015. Current liabilities decreased by 33.4 per cent to UAH 212.621m, while long-term liabilities increased by 10.3 per cent to UAH 711.125m. PJSC Mykolaivcement operates a 1.4Mta plant in Mykolaiv, in Ukraine’s Lviv region. |
Titan FY16 results bring net profits of EUR278.6m23 March 2017, Published under Cement NewsTitan Group's 2016 financial results recorded a significant improvement in profitability, thanks to the continuing growth of the US market and the recovery of results in Egypt. Consolidated turnover reached EUR1509m, posting an eight per cent increase compared to 2015. EBITDA increased by 28.7 per cent to EUR278.6m while net profit after minority interests and tax provision, stood at EUR127.4m, compared to EUR33.8m in 2015. In the fourth quarter of 2016, the group maintained the stro... |
Lafarge Africa reports EBITDA FY16 of NGN29bn23 March 2017, Published under Cement NewsLafarge Africa plc reports a significant increase in profit after tax in 4Q16 while net sales and operating EBITDA rose by 12 and 288 per cent, respectively in 4Q16. However, operating EBITDA for FY16 fell to NGN29bn (US$95m) from NGN67.3bn in 2015. Profit after tax in FY16 reached NGN16.9bn. Net debt was reduced to NGN108.3bn, below the NGN120bn announced, notably supported by capex control and solid cash flows. Commenting on the company’s 2016 performance, Michel Puchercos, CEO of L... |
Cimpor books larger loss in 201621 March 2017, Published under Cement NewsWith declining volumes in Cimpor's three most important markets. In Brazil, Argentina and Portugal, the turnover fell by 26.1 per cent in 2016 to EUR1842.8m and EBITDA came off by 32.9 per cent to EUR352.6m. After a EUR584m impairment charge against the goodwill carried in Brazil, the total depreciation and amortisation charge was more than trebled to EUR781.5m, giving a trading loss of EUR428.9m compared with a profit of EUR313.3m in the previous year. After a net financial charge 8.7 pe... |
Peru: Unacem sees sales slip 4.3% in 201621 March 2017, Published under Cement NewsUnacem sales fell 4.3 per cent in 2016 to PEN1865m in 2016. In Ecuador, its subsidiary Unacem Ecuador sold 1.2Mt of cement at a value of US$153.2m. In the US Drake Cement in Arizona sold 546,000st or US$83m. The Peruvian cement company produced 3.4Mt of cement at its Atacongo works near Lima and 1.7Mt at the Condorcocha works in Junín. The company’s total output accounted for around 53 per cent of national demand. Shipments were mostly bagged cement, which accounted for 77 per cent of the... |
Ukraine: Dyckerhoff Cement losses increase five-fold20 March 2017, Published under Cement NewsPreliminary figures indicate that in 2016, Dyckerhoff Cement Ukraine, part of Dyckerhoff AG, increased its loss by UAH66m (US$2.46m) to UAH80.82m. The company's assets as of late 2016 were UAH2.16bn, long-term liabilities were UAH2.69bn and current liabilities were UAH483.96m. Dyckerhoff Cement Ukraine reported a loss of UAH14.82m for 2015. |
Uruguay: Ancap to make further production cuts20 March 2017, Published under Cement NewsAncap is expected to make cuts in overtime, security and cleaning personnel to move the company's results closer to the black while keeping both plants at Minas and Paysandú operational, according to the newspaper El País de Montevideo. Losses at the companies reached US$207m in the past decade with 2016 results indicating a loss of US$25m. To return Ancap to profitability, the company’s syndicate has proposed to access international reserves to install a third kiln line at Paysandú, part... |