Cement News tagged under: business results
Buzzi Unicem02 March 2017, Published under Cement NewsBuzzi Unicem's turnover improved by a marginal 0.3 per cent in 2016 to EUR2669m, with a like-for-like improvement of 1.7 per cent after adjusting for some eastern European currency weakness. Net debt at the end of December was 8.5 per cent below the level seen a year earlier at EUR942m. Group cement deliveries in 2016 increased by 0.3 per cent to 25.6Mt, while ready-mixed concrete deliveries were broadly unchanged at 11.9Mm³. Buzzi Unicem's Italian turnover declined by a further 1.6 per ... |
HeidelbergCement02 March 2017, Published under Cement NewsThe 2016 preliminary figures from HeidelbergCement show a 12.6 per cent improvement in turnover for last year to EUR15,166m (US$ 15,963.43) but eased by some two per cent on a comparative basis. The EBITDA advanced by 12.5 per cent to EUR2939m and the trading profit was ahead by 7.5 per cent to EUR1984m, or by around three per cent adjusting for currency movements and changes in the scope of consolidation. Boosted by the addition of Italcementi, group sales of cementitious materials ro... |
Egypt: Sinai Cement returns to black02 March 2017, Published under Cement NewsFortune took a turn for the better for Sinai Cement in 2016. The company improved its net results significantly as it reported a net profit of EGP13.47m (US$835,183). In 2015, Sinai Cement reported a loss of EGP39.83m. Sinai Cement is owned by France’s Vicat group. The company operates a 3.5Mta cement plant in Sinai. |
Egypt: Suez Cement reports deepening net loss02 March 2017, Published under Cement NewsSuez Cement has reported a deepening net loss of EGP629.3m (US$33.8m) for 2016. This compares with EGP100.8m reported in 2015. Part of HeidelbergCement following its Italcementi acquisition, Suez Cement is the largest cement producer in Egypt. The company operates some 14.8Mta of grey cement capacity in its Tourah, Helwan, Kattameya and Suez plants as well as a 1Mta white cement plant at El Minya. |
Egypt: Tourah Cement sees improving net loss in 201602 March 2017, Published under Cement NewsTourah Cement has reported improved company results in 2016. The company reduced its net loss from EGP218.97m (US$13.5m) in 2015 to EGP151.05m in 2016. Tourah Cement is a subsidiary of Suez Cement, which is owned by Germany’s HeidelbergCement. |
CRH 2016 gross profits up 69%01 March 2017, Published under Cement NewsCRH released its 2016 results with its gross profits at EUR1741m up by 69 per cent on its EUR1033m in 2015. Operating profits were also up EUR2027m, as against EUR1277 a year earlier. CRH announced that margins and revenues were ahead in all business divisions and sales of building materials amounted to EUR27.1bn, 15 per cent ahead of 2015. Meanwhile, EBITDA was up 41 per cent to EUR3.1bn, and EBITDA margin was 11.5 per cent up from 9.4 per cent in 2015. The group recorded cash inflow ... |
Vicat's profits modestly ahead in 201628 February 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 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 to EUR13.... |
Cementos Argos' 4Q16 results boosted by US operations27 February 2017, Published under Cement NewsCementos Argos has announced that its 4Q16 results saw an 8.7 per cent rise in EBITDA and 70 per cent of its revenues was generated from operations outside of its domestic market of Colombia. Group dispatched volumes of cement and ready-mix were down by 5.5 per cent and 6.5 per cent, respectively in the 4Q16. Consolidated EBITDA was COP396bn (US$137m), achieving an EBITDA margin of 19.7 per cent. Net income amounted to COP27bn. USA The group's US operations reported an EBITDA of... |
Egypt: Sinai Cement reports FY16 EGP14.6m net profit27 February 2017, Published under Cement NewsSinai Cement reported a consolidated net profit of EGP14.6m (US$901,243) for FY16, a significant improvement when compared with the previous year when the company posted a net loss of EGP38.9m. Consolidated net sales were up from EGP975m in FY15 to EGP1.3bn one year later. |
Pakistan: Power Cement reports 20% fall in profit after tax27 February 2017, Published under Cement NewsPakistan’s Power Cement Ltd reported a decline of 20 per cent in its profit after tax to PKR242m in 1HFY17. The company’s sales rose 25 per cent to PKR2.06bn during this period against PKR1.64bn in the equivalent period of the previous year, according to the firm’s filing with the Pakistan Stock Exchange. The company incurred a distribution cost of PKR54m and administrative expenses of PKR31m in 1HFY17, up from PKR47m and PKR28m, respectively, in 1FYH16. Power Cement operates a 0.945M... |