Cement News tagged under: business results
CRH02 June 2016, Published under Cement NewsCRH Ciment in Romania, which was acquired at the end of July, has reported a calendar 2015 turnover 23 per cent higher at EUR189m and the profit rose by 40 per cent to EUR30.1m. |
Votorantim02 June 2016, Published under Cement NewsVotorantim saw its first quarter turnover decline by 5.9 per cent to BRL6718m (EUR1672m) while the EBITA dropped by 39.8 per cent to BRL845m (EUR210m). The trading profit fell by 42.6 per cent to BRL445m (EUR111m) while the net interest charge rose by 23.9 per cent to BRL497m (EUR124m) and the investment income went from a negative BRL149m to a positive BRL344m, giving a pretax profit 29.8 per cent higher at BRL292m (EUR73m). Net debt at the end of March stood at BRL18,457m (EUR4593m) to ... |
Cimpor02 June 2016, Published under Cement NewsCimpor has reported a first-quarter turnover 28.7 per cent lower at EUR454.1m and EBITDA fell by 35.1 per cent to EUR80.1m. The trading profit (EBIT) dropped by 51.9 per cent to EUR35.6m. The net financial charge edged ahead by 0.7 per cent to EUR75.8m to give a pretax loss of EUR40.3m, compared with EUR1.3m a year earlier. At the net attributable level there was a loss of EUR40.7m, compared with a loss of EUR17.2m a year earlier. The net debt was 10 per cent lower at EUR3170m, but the geari... |
Falling profits in South America, Egypt and Portugal hit Cimpor results01 June 2016, Published under Cement NewsCimpor has reported a first-quarter turnover 28.7 per cent lower at EUR454.1m and EBITDA fell by 35.1 per cent to EUR80.1m. The trading profit (EBIT) dropped by 51.9 per cent to EUR35.6m. The net financial charge edged ahead by 0.7 per cent to EUR75.8m to give a pretax loss of EUR40.3m, compared with EUR1.3m a year earlier. At the net attributable level there was a loss of EUR40.7m, compared with a loss of EUR17.2m a year earlier. The net debt was 10 per cent lower at EUR3,170m, but the gear... |
Philippines: Holcim Q1 revenues up 17.2%31 May 2016, Published under Cement NewsHolcim Philippines have released trading figures for 1Q2016, revealing that revenues have increased 17.2 per cent YoY to PHP10.1bn (US$216m), reports InPR. The company attributed its good performance to higher private spending and to increased government infrastructure investment, of which PHP760bn (US$16.25bn) of funding has been allocated. Holcim Philippines quarterly results showed operating EBITDA rising by 5.3 per cent to PHP2.5bn (US$53m). Holcim Philippines President and Country... |
Tanzania: Tanga Cement to double clinker capacity31 May 2016, Published under Cement NewsThe Tanga Cement Company Limited (TCCL) has announced plans to raise output to 1.2Mt once the new kiln line is operational at its plant in northeastern Tanzania, East African Business Week reports. Construction of the new kiln is to begin shortly and will raise capacity at the Tanga plant from its current level of 0.5Mta. Grinding capacity is already thought to be 1.2Mta, meaning that the plant has had to rely on clinker imports in the past. Speaking at its annual general meeting, Chai... |
India: JK Cement annual profits down 35.3%31 May 2016, Published under Cement NewsThe Times of India reports that JK Cement’s standalone net profit for 2015-16 was down 35.3 per cent on the previous year to INR1.015bn (US$15.1m). Quarterly profits for the period ending 31 March 2016 were up slightly YoY at INR705.6m (US$10.5m). Like most Indian producers, JK Cement’s performance appears to have suffered from negative pricing pressures. Revenues were up for both the year and the final quarter, implying higher volumes than for 2014-15, but despite this profits suffered. ... |
Romania: CRH Ciment sees profits rise 40% in 201527 May 2016, Published under Cement NewsThe Romanian subsidiary of CRH, CRH Ciment, has released performance figures for 2015, reports Romania Insider. CRH Ciment saw turnover reach EUR189m (US$211m) in 2015, up 23 per cent YoY. Profits climbed faster still, reaching EUR30.1m, up 40 per cent YoY. The business was acquired by CRH from Lafarge as part of the divestment process that accompanied the formation of LafargeHolcim. Holcim Romania remains the largest cement producer in the country. |
Cementos Argos25 May 2016, Published under Cement NewsCementos Argos has reported a 31 per cent YoY increase in net profit in 1Q16 to COP122bn (US$41.7m). According to the company, this is due to expansion and consolidation of its existing business, more flexible operations and “the constant search for operational excellence.” EBITDA over the period advanced by 38 per cent to COP425bn, while consolidated revenue improved by 34 per cent to reach COP2.2bn. In the US market, EBITDA was up by 140 per cent to US$34m, compared to the same period l... |
PT Semen Indonesia25 May 2016, Published under Cement NewsSemen Indonesia has reported a five per cent YoY fall in revenue in the first three months of 2016 to IDR6021bn, due to a combination of lower volume and price. Over the same period, EBITDA declined by nine per cent to IDR1683bn, which was blamed on slow demand and increased competition. Pretax profit, meanwhile, contracted by 17.2 per cent to IDR1243bn. Total cement sales for the quarter, including Vietnam, came in at 6.43Mt, down 1.3 per cent YoY. Domestic sales accounted for 5.93Mt, repre... |