Cement News tagged under: business results
Eagle Materials improves profit by 44 per cent25 January 2017, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2016 increased by 3.7 per cent to US$1.01bn. The trading profit before corporate overheads showed a strong recovery and rose by 37.5 per cent to US$283.9m, of which cement contributed 44.9 per cent compared with 56.2 per cent a year earlier. The group trading profit was ahead by 42.5 per cent to US$256.1m. After a net interest charge 22.8 per cent higher ... |
CIMAT posts revenues down by a quarter for 201625 January 2017, Published under Cement NewsCiment de l’Atlas (CIMAT) expects to report revenues of MAD2.16bn (US$215.7m) in 2016, compared with MAD2.67bn the year prior. The company attributes the drop to the deceleration of export sales. Net profit in 2016 reached MAD519m. For 2017 the company forecasts revenues to slip to MAD2.159bn with a net profit of MAD526m. CIMAT envisages a broad geographic presence by extending its distribution network in the main growth markets. In addition, it plans to optimise its prod... |
Lithuania: Akmenes largely offsets decline in Russia exports24 January 2017, Published under Cement NewsPreliminary data show that Lithuania’s Akmenes Cementas posted EUR51m in total revenue, down by EUR4.4m on 2015. Around 60 per cent of this revenue was generated in the domestic market, a further 20 per cent in other Baltic states and Belarus while the balance came from sales in Nordic countries. Exports to Russia’s exclave of Kaliningrad used to account for around 30 per cent of its annual revenue, but mandatory cement certification by Russia last year forced Akmenes Cement and other E... |
UltraTech Q3FY17 reports post-tax profit up 5%23 January 2017, Published under Cement NewsUltraTech Cement reported a 4.7 per cent rise in consolidated net profit at INR59.39bn (US$871.6m) for the quarter ended 31 December 2016 due to lower expenses. In 3Q15 company, owned by Aditya Birla Group, recorded net profits of INR56.67bn. Consolidated total income from operations fell to 67.61bn from INR68.65bn in the same period. Profit before interest, depreciation and tax was INR12.80bn as compared to INR12.74bn in the same period of the previous year. Profit After Tax (PAT) wa... |
Najran 4Q16 profit falls 73%20 January 2017, Published under Cement NewsNajran Cement reported a fall in profits of 72.55 per cent to SAR14.76m (US$3.93m) in 4Q16 from SAR53.73m in 4Q15. The company attributed the lower profit to reduced sales volumes due to slowing construction activity and an increase in energy prices. Najran Cement's full-year profits reached SAR124.81m, down 51.2 per cent from SAR255.62m reported in 2015. |
Saudi Arabia: Northern Cement profits down 57% in 4Q1619 January 2017, Published under Cement NewsNorthern Region Cement Co reported a 57.3% YoY decline in profits in the fourth quarter of 2016, according to the company's filing to the Saudi Stock Exchange (Tadawul). Profits reached SAR16.91m (US$4.51m), down from SAR39.62m in 4Q15 and -43.8 per cent when compared with the 3Q16. The decline is attributed to lower sales due to intense competition, lower selling prices and reduces volumes. Weaker demand and lower prices have also affected annual results as Northern Cement saw it... |
Oman: Raysut Cement net profits rise in 201616 January 2017, Published under Cement NewsRaysut Cement has reported a 1.02 per cent growth in net profits of OMR21.17m (US$54.98m) for 2016, against OMR20.95m reached in 2015. Total revenue of the company fell by 2.2 per cent to OMR92.59m in 2016, from OMR94.68m in 2015, according to preliminary results posted by the company on the MSM website. The cost of sales of the company edged up by 3.3 per cent to OMR61.13m in 2016, from OMR59.18m in 2015. |
Kazakhstan: Steppe Cement FY16 results13 January 2017, Published under Cement NewsSteppe Cement Ltd recorded revenue for the year ended 31 December 2016 of KZT17.94bn (US$54.01m), representing an eight per cent drop YoY from KZT19.53bn recorded last year. A sales volume of 1,570,140t of cement was achieved in 2016, a four per cent decline from 1,643,136t reported in the previous year. Average price (ex-VAT) for delivered cement was KZT11,426/t (US$34.4/t) in 2016, a four per cent decrease on 2015. This drop in price was mostly due to competition among local companie... |
Semen Indonesia net profit down by 3% in 201610 January 2017, Published under Cement NewsPT Semen Indonesia Tbk made a net profit of IDR4.01trn (US$301.6m) in 2016, which was lower than the IDR4.52trn the previous year. "National cement growth in the year was down three per cent due to the presence of new industries and the projection of a negative 1.1 per cent growth in December," said Rizkan Chandra, president and director of the company. Mr Chandra went on to say how the company’s Tuban plant was performing well, with production at the plant reaching 1,381,907t, five pe... |
India: Sagar Cements sees sales dip in December06 January 2017, Published under Cement NewsIn a trading statement released this week, Sagar Cement has reported a slight decline in cement sales for December compared with a year earlier. Consolidated results – which include the firm’s BMM subsidiary – show cement sales dropping by 0.4 per cent to 154,196t. Sales at Sagar’s core business dropped more appreciably, being down 4.6 per cent at 100,054t. For the nine months from April to December, consolidated sales rose by 17.9 per cent to 1.56Mt, while standalone sales fell by 10.... |