Cement News tagged under: business results
Kuwait Cement FY16 profit up to KWD19.5m17 March 2017, Published under Cement NewsKuwait Cement reported a modest increase of its full-year profit from KWD19.3m (US$63.2m) in FY15 to KWD19.5m in FY16. The company’s total operating revenue advanced from KWD92.2m in FY15 to KWD98.6m in FY16. |
Macedonia: Cementarnica Usje non-cons net profit falls 5% in 201617 March 2017, Published under Cement NewsMacedonia’s Cementarnica Usje, a subsidiary of Greece-based cement producer Titan, saw a five per cent YoY decrease in its non-consolidated net profit to MKD1.2bn (US$20.7m) in 2016 as a result of higher production costs. Non-consolidated operating expenses increased four per cent YoY to MKD3.14bn while operating revenue remained stable at MKD4.43bn. Operating profits fell six per cent to MKD1.3bn when compared with 2015. Financial revenues advanced 15 per cent to MKD23.4m while financ... |
HeidelbergCement sees 13% revenue rise in 201616 March 2017, Published under Cement NewsHeidelbergCement saw revenues rise by 13 per cent to EUR15.2bn in 2016 and completed a successful acquisition of Italcementi with synergies increased to EUR470m. "2016 was an exceptional year for HeidelbergCement," states Dr Bernd Scheifele, chairman of the managing board of HeidelbergCement. "With the successful takeover of Italcementi, we have accelerated our growth and are now in an excellent strategic position. In our core business lines of aggregates, cement, and ready-mixed concrete... |
HeidelbergCement Ukraine reduces loss by 56% in 201714 March 2017, Published under Cement NewsHeidelbergCement Ukraine reduced its loss by 55.6 per cent to -UAH289.17m (US$ 10.76m) from -UAH361.73m in 2016, according to a company statement. This follows a 62.7 per cent increase in losses in 2015 to -UAH650.9m. The company has operated in the Ukrainian market since 2001 with cement factories in Kryvyi Rih and Kamianske, Dnipropetovsk region and Novoamvrosiivske and Yenakieve, Donetsk region as well as premixed concrete and granite macadam. |
Kenya: Bamburi Cement profits flat for 201610 March 2017, Published under Cement NewsLafargeHolcim subsidiary Bamburi Cement earned KES5.89bn (US$57.4m) in after tax profits in 2016, up just 0.3 per cent on the previous year, reports the Star newspaper. The company stressed that operating profits had shown a more robust performance, rising by eight per cent to KES7.9bn. Turnover was down 2.9 per cent, but production costs fell faster, dropping by seven per cent to KES24.8bn. “Overall, there was a marginal reduction in volumes into inland Africa export markets and in... |
Taiwan: Hsing Ta Cement sees February revenues up 27%10 March 2017, Published under Cement NewsTaiwan’s Hsing Ta Cement posted revenues of TWD174.57m (US$6.62m) in February, up 27.3 per cent from TWD137.18m YoY. The company reported revenues of TWD507.63m in Jan-Feb 2017, which represent an 6.6 per cent increase when compared with 2M16, when revenues reached TWD475.93m. |
Ciments du Maroc posts net loss of MAD-155m08 March 2017, Published under Cement NewsCiments du Maroc announced a MAD1.2bn (US$118.7m) improvement in its net loss to MAD-155m in 2016. Operating income reached MAD1.292bn in 2016, a 9.8 per cent increase when compared with the previous year. The fall in losses is due to the increase in the weighted average cost of equity and to an impairment provision of the company’s stake in Suez Ciments of MAD1.253bn. In addition, the company's domestic sales edged up by 0.7 per cent, bucking the overall market trend which slipped 0.... |
Egypt: Alexandria Cement reports EGP34.1m in 4Q1608 March 2017, Published under Cement NewsAlexandria Cement posted a profit of EGP34.1m (US$1.93m) in 4Q16, a significant improvement of its business result when compared with the EGP98.5m loss posted in 4Q15. In 2016 losses fell by 76.1 per cent from EGP-214.2m in 2015 to EGP-51.12m one year later. Total sales increased 25 per cent YoY to EGP2.58bn, up from EGP2.05bn in 2015. |
Holcim Croatia boosts revenues thanks to exports03 March 2017, Published under Cement NewsHolcim Croatia saw its revenues rise by seven per cent YoY in 2016 as it improved exports. In addition, the company reduced its expenditures and kept cash flow high. However, the domestic market maintained the pressure to lower prices. Unfortunately, on the domestic market there is still a constant pressure to reduce prices, so all the effort we've invested as a team could actually have had a much better effect", the company’s CFO, Denis Zupicic, explained. He added that if prices were to... |
Vicat02 March 2017, Published under Cement NewsVicat’s turnover eased by 0.2 per cent in 2016 to EUR2453.8m while EBITDA was up by the 3.2 per cent to EUR458m, while at unchanged exchange rates and other parameters there would have been increases of 4.1 per cent and eight per cent, respectively. The trading profit improved by five per cent to EUR258m, with the increase at unchanged parameters being 9.6 per cent. The net financial charge was EUR10.1m lower at EUR38.1m and after an increase in the contribution from associates from EUR4.9m ... |