Cement News tagged under: business results
Thailand: SCG sees cement revenues fall 19% in 3Q201627 October 2016, Published under Cement NewsSiam Cement Group (SCG) has announced that in the third quarter of 2016 profits rose by 57 per cent YoY, but at the company's cement and building materials division they saw a decline of 19 per cent. For the nine months to the end of September 2016, SCG’s profits are up 28 per cent on the same period last year, but cement division profits are down 13 per cent. Siam Cement Group has seen revenues decline across the board, but its chemical division has been helped by the fall in oil prices ... |
OCL India 2Q net profit up 154% to INR860m27 October 2016, Published under Cement NewsOCL India Ltd reported a 154 per cent surge in in net profit to INR857.1m from INR336.9m for the quarter ended 30 September 2016 as the company derived a higher income from operations. The total income from operations of the Dalmia Group company increased to INR7.192bn from INR6.138bn in the year-ago period. The total expenses increased to INR6,164bn over INR5.72bn in the corresponding quarter previous fiscal. |
Lafarge Cement Jordan posts JOD2.75m 3Q16 loss27 October 2016, Published under Cement NewsLafarge Cement Jordan posted a loss of JOD2.75m (US$3.9m) in the 3Q16 against profit of JOD8950 (US$12,600) in the same period in 2015, according to a filing of unaudited 3Qfinancial results to the Amman Stock Exchange (ASE). The cement firm also posted a loss of JOD4.53m in the first nine months of 2016 against a profit of JOD5.5m in the year-ago period. Nine-month sales fell seven per cent YoY to JOD69.5m from JOD74.7m. |
Egypt: mixed 9M16 results for Suez and Tourah24 October 2016, Published under Cement NewsSuez Cement reported a net profit of EGP49.6m (US$5.59m) for the first nine months of 2016. For the third quarter the company saw losses of EGP-66.9m, an increase from EGP-63.3m the previous year. Tourah Cement improved its net loss by 50.4 per cent from EGP-107.203 in 9M15 to EGP-53.149m in Jan-Sep 2016, according to a bourse filing. In the third quarter the company reported a 43 per cent fall in net loss to EGP21.3m, compared with EGP37.4m in 3Q15. |
China: Gansu Qilianshan Cement 9M16 net profit up 223%24 October 2016, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd, a subsidiary of Sinoma, reported a net profit hike of 223.3 per cent YoY to CNY204m for the first nine months of 2016. |
China Resources Jan-Sep net profit declines 35%21 October 2016, Published under Cement NewsChina Resources Cement reported a 35 per cent fall in net profit for the first nine months of 2016 as weaker revenues impacted profits of the Hong Kong-listed cement producer. Net profit in Jan-Sep declined to HKD838.3m (US$108m) from HKD1.28bn in 9M15. Revenues saw a 12 per cent drop to HKD17.48bn. For the three months ended September, the company posted a net profit of HKD580.8m, considerably improving on last year’s third-quarter net loss of HKD248m. |
Saudi Arabia: Eastern Province and Tabuk Cement see fall in 3Q16 profits21 October 2016, Published under Cement NewsEastern Province Cement Co and Tabuk Cement are the latest Saudi cement producers to post a fall in third-quarter profits amid lower sales and higher production costs. Eastern Province Cement Co posted a 35.8 per cent YoY decrease in net profits from SAR67m in 3Q15 to SAR43m in 3Q16. In the first nine months of 2016 the cement producer reported net profits of SAR180m, representing a 26.2 per cent fall when compared with the SAR244m net profit in 9M15. The downward trend in profits has bee... |
Saudi Arabia: Northern Cement sees 43% profit fall in 3Q1620 October 2016, Published under Cement NewsNorthern Region Cement Co reported a 42.83 per cent decline in net profits to SAR30.09m (US$8m) in 3Q16 from SAR52.64m a year earlier. Profits also decreased 38.16 per cent QoQ, according to the company's statement to the Tadawul. The decrease in profits has been attributed to lower sales following a weaker domestic demand amid the Hadj season and summer holidays, complemented by a rise in costs as fuel prices rose. |
UltraTech Cement19 October 2016, Published under Cement NewsUltraTech Cement has recorded a 25 per cent increase in consolidated net profit in the quarter ending 30 September 2016. Profit rose to INR6.14bn (US$92.1m) versus INR4.9bn in the same period last year. This compares to analyst predictions of INR7bn. Earnings before interest, depreciation, taxation and amortisation increased by 16 per cent to INR13.7bn, up from INR11.8bn in the same period in 2015. Net sales, however, slipped from INR58.5bn to INR57bn, below analyst forecasts of INR63.2bn. ... |
Saudi Arabia: Yanbu, All Jouf and Saudi Cement see fall in 3Q16 profits19 October 2016, Published under Cement NewsMore Saudi cement producers have reported a fall in profits for the third quarter of 2016. The decline in profits were attributed to lower sales and a drop in average selling prices as competition intensified amid weaker demand. Higher oil prices have also been cited as a major factor in the decrease. Yanbu Cement company recorded a 35.9 per cent drop in profits during the period from SAR145m (US$38.7m) in 3Q15 to SAR93m (US$24.8m), according to a bourse filing. Profits also fell QoQ, by ... |