Cement News tagged under: business results
Strong Europe performance boosts HeidelbergCement 2Q16 results29 July 2016, Published under Cement NewsA robust performance in Europe has contributed to HeidelbergCement’s improved 2Q16 results. The Germany-based building materials producers reported second-quarter sales of EUR3.575bn, down two per cent YoY but up one per cent on a like-for-like (LFL) basis. All business lines saw their sales increase. Operating income rose by eight per cent to EUR601m from EUR557m in 2Q15, although LFL this increase was 11 per cent and all business lines saw their margins improve. Net profit for 2Q15 improve... |
Dangote reports 60% rise in sales in 1H1629 July 2016, Published under Cement NewsDangote Cement announced its unaudited results for the six months ended 30 June 2016. The company saw its revenue grow by 20.6 per cent to NGN292.2bn (US$925m) but lower selling prices, higher fuel costs and the impact of Pan-African plants in ramp-up phase saw its EBITDA down 10.2 per cent to NGN132.5bn. The EBITDA margin reached 45.4 per cent. Net debt stood at NGN293.3bn, giving a net gearing of 43.1 per cent. In terms of group cement volumes, Dangote sold 59.5 per cent more cement YoY... |
Titan's US business continues to advance29 July 2016, Published under Cement NewsTitan's first-half turnover improved by 7.6 per cent to EUR723.8m and EBITDA was ahead by 13.5 per cent to EUR119.5m. Following an increase in the depreciation charge of a modest 6.7 per cent, the trading profit improved by 21.4 per cent to EUR59m. After a net financial charge 6.2 per cent higher at EUR34.7m and other items, notably foreign exchange, the pretax profit dropped from EUR30.9m to EUR7.4m. At the net attributable level, the profit declined from EUR24.4m to EUR9.2m. Capital inves... |
Cementir expands into Belgium29 July 2016, Published under Cement NewsCementir's turnover improved by 1.1 per cent to EUR481m in first half of the year, as the improvements in Denmark, Norway and Sweden as well as Malaysia made up for lower results from Italy, Egypt and China, while Turkey was broadly stable. EBITDA, however, declined 1.5 per cent to EUR72.04m. After a 4.7 per cent reduction in depreciation and similar charges to EUR40.2m, the trading profit improved 2.8 per cent to EUR31.8m. The net financial item swung from a positive EUR5.3m to a negati... |
Pakistan: FECTC to add 0.95Mta capacity29 July 2016, Published under Cement NewsOne of Pakistan's smaller cement companies, Fecto Cement Ltd (FECTC) is reported to plan a new cement plant in Kalar Kahar, Chakwal district, Punjab. The works is expected to add 0.95Mta of capacity to the company's existing 0.819Mta. The project represents an estimated investment of PKR12bn and commissioning is expected by 2018. Financial performance FECTC saw also a boost in revenues during the nine-month period ended 31 March 2016 as net sales revenue rose 7.7 per cent YoY to P... |
Cemex Latin American Holdings sees improved cement volumes in Colombia28 July 2016, Published under Cement NewsCemex Latin American Holdings' first-half turnover fell by 10.1 per cent to US$672.1m, while EBITDA came off by 4.4 per cent to US$226.1m. At the trading level there was a 4.3 per cent reduction to US$183.5m. After a net interest charge 27.6 per cent lower at US$29.4m, the pretax profit emerged 16.5 per cent higher at US$165.4m. The net attributable profit rose by 22 per cent to US$100.6m. Net debt at the end of June was 8.6 per cent lower than a year earlier at US$984m, giving a gearing lev... |
Cemex reports 6% rise in net consolidated sales and EBITDA27 July 2016, Published under Cement NewsCemex reported a six per cent YoY rise – on a like-for-like basis for the ongoing operations and adjusting for currency fluctuations – in net consolidated sales for the second quarter of 2016. The company saw its operating EBITDA advance by six per cent during the quarter to US$771m when compared with 2Q15 although on a like-for-like basis the increase was 16 per cent. The corresponding EBITDA margin saw a 1.3 per cent rise YoY to 20.9 per cent. The company attributed the rise in con... |
India: Ambuja and ACC report profit rises for 2Q1627 July 2016, Published under Cement NewsLafargeHolcim’s Indian subsidiaries ACC and Ambuja Cements have both reported an increase in profits for the second quarter of 2016. In the three months to June, Ambuja Cements’ net sales were up only modestly, climbing 1.9 per cent to INR25.4bn (US$378m), but profits rose much faster. These reached INR4bn (US$59.4m), a rise of 76.5 per cent YoY. Ambuja’s increased profits were mainly driven by lower power and fuel costs. Over two-thirds of the higher profit margins can be traced to th... |
Spain: Cementos Portland improves loss27 July 2016, Published under Cement NewsCementos Portland reported a loss of nearly EUR36.8m (US$40.5m) in the first half of 2016, a 7.9 per cent YoY improvement when compared with the EUR39.9m loss in 1H15. EBITDA improved 23 per cent to EUR46m. Revenues fell by 1.8 per cent due mainly to a decrease in sales volumes in Spain and Tunisia, which contracted by 2.3 and 5.5 per cent, respectively in the first half of the year. The USA delivered relief as the market expanded by 10.2 per cent by the close of April. In addition, expor... |
Eagle Materials advances cement volumes by 13%26 July 2016, Published under Cement NewsIn the first quarter of its financial year to 31 March, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 3.3 per cent to US$322.4m. The trading profit advanced by 17.9 per cent to US$71.2m and after an interest charge 13 per cent lower at US$3.9m, the pretax profit was up by 20.4 per cent to US$67.3m and the net attributable profit rose by 20.1 per cent to US$45.4m. The net debt at the end of June stood at US$489.5m, giving a gearing le... |