Cement News tagged under: business results
PT Indocement01 December 2016, Published under Cement NewsPT Indocement has inaugurated its new Tiga Roda cement plant in Bogor District, West Java, boosting the company’s domestic production capacity to 24.9Mta. The new plant, P14, has an installed capacity of 4.4Mta and boasts the world’s largest packing and dispatch centre capable of handling 360,000 bags per day. Costing IDR5.6trn (US$429m), funded entirely from internal cash, the new plant has taken three years to build. The news comes as the company announces a 12 per cent contraction i... |
Dangote01 December 2016, Published under Cement NewsFor the 9M16 Dangote has reported strong revenue and volume growth despite challenging conditions across Africa. Revenue advanced by 21 per cent to NGN442.1bn (US$1.4bn), compared to NGN365bn in the same period last year. Group cement volumes grew by 41 per cent to hit 18.4Mt, representing a 28.1 per cent improvement in the Nigerian market and a 72.9 per cent rise in the company’s Pan-Africa market. EBITDA slipped by 16.3 per cent to NGN178.4bn, compared to NGN213.2bn in 9M15. The quarter... |
Cementos Argos01 December 2016, Published under Cement NewsA slowdown in infrastructure spending in its domestic market has been blamed for a 22.1 per cent fall in cement shipments in Colombia by Cementos Argos. Domestic volumes for 3Q16 came in at 1.314Mt, with the nine months to September 2016 seeing a 17.9 per cent contraction. Total cement volumes for the quarter were 3.557Mt, a decline of 7.4 per cent YoY. This left 3Q16 profits down by 22.7 per cent. “In Colombia 2016 has seen a period of transition in the construction of infrastructure pro... |
Malaysia: CMS Cement division sees 14% drop in 9M16 pretax profits01 December 2016, Published under Cement NewsMalaysia’s Cahya Mata Sarawak Bhd (CMS) reported a total revenue of MYR1.10bn and a pretax profit of MYR160.41m in the first nine months of 2016, down 14 and 40 per cent YoY, respectively. The group’s cement division recorded a pretax profit of MYR76.98m, a decrease of 14 per cent YoY when compared with the record MYR89.23m recorded in 9M15. The company attributes the fall in profits to lower sales volumes, expenditure linked to the new cement mill and an unscheduled shutdown of the clink... |
Chile: Cementos Bío-Bío sees 8.6% profit slip in 9M201630 November 2016, Published under Cement NewsChilean cement producer Cementos Bío-Bío reported a 3.3 per cent rise in profits to CLP221.5bn (US$329m) in the January-September 2016 period from CLP214.5bn in 10M15. However, a rise in the cost of sales and financing as well as a foreign exchange loss saw the company with sharply reduced profits. Net profits reached CLP13.847m in the 10-month period, down 8.6 per cent when compared with CLP15.156m with the first 10 months of 2015. |
Sinai Cement swings into EGP7.7m 3Q profit30 November 2016, Published under Cement NewsEgypt’s Sinai Cement reported a profit of EGP7.65m in 3Q16 vs a 3Q15 loss of 24.47m. In the first nine months of 2016, the company turned a profit of EGP23.02m (US$426,111), a significantly better result than the previous year when the company reported a loss of EGP53.16m, taking into account minority rights. |
Pakistan: Kohat Cement Co sees 5% profit rise in 1QFY1724 November 2016, Published under Cement NewsKohat Cement Company Ltd (KOHC) has recently announced its 1QFY17 financial result. It declared a profit after tax (PAT) of PKR991.8m during 1QFY17 against a PAT of PKR945.7m during 1QFY16, up five per cent YoY. As against trends, KOHC declared dividend per share (DPS) of PKR4/‐ during 1QFY17. During the first quarter of FY17, KOHC reported a one per cent YoY drop in sales as revenues slipped from INR3.242bn in 1QFY15-16 to INR3.193.9bn in 1QFY16-17. The company's exports were down 31 per... |
Cementos Argos hit by Colombia’s infrastructure slowdown23 November 2016, Published under Cement NewsIn a trading update for the third quarter of 2016, Cementos Argos announced that its profits were down by 22.7 per cent YoY, with cement volumes falling by 7.4 per cent to 3.557Mt. Figures for the nine months to the end of September 2016 were more positive, with the company’s net income rising by 18.7 per cent YoY to COP393bn (US$125m). The third-quarter figures were negatively impacted by a slowdown in the company’s home market. Cement dispatches in Colombia fell by 22.1 per cent in 3... |
Cemento Polpaico net profits quadruple YoY in 9M1622 November 2016, Published under Cement NewsChile’s Cemento Polpaico saw its revenues decrease by 1.14 per cent to CLP108,669.55m in January-September 2016 from CLP 108,927.811m. However, net profits during the first nine months of 2016 more than quadrupled from CLP816.866m in 9M2015 to CLP4153.866m when compared with the 9M16. The company noted a significant fall in finance costs as well as higher financial revenues. |
Cimpor hit by the weakness in volumes and currencies18 November 2016, Published under Cement NewsCimpor's nine-month turnover fell by 28.5 per cent to EUR1379.4m and EBITDA dropped by 33.1 per cent to EUR264.6m as cement deliveries in Portugal, Brazil and Argentina declined by 35.7 per cent, 19.8 per cent and 11.7 per cent, respectively, with single-digit reductions being seen in South Africa and Egypt. Mozambique saw shipments improve by 11.2 per cent and Paraguay by 10.8 per cent. A trading loss of EUR332.3m was declared compared with a trading profit (EBIT) of EUR248.5m a year ear... |