Cement News tagged under: business results
PT Indocement02 March 2016, Published under Cement NewsWeak cement demand in Indonesia contributed to a 1.5 per cent decline in revenue for HeidelbergCement’s Asia-Pacific Group in 2015. The group’s cement, clinker and GGBS sales volumes also fell in the region, down by 4.5 per cent to 23.5Mt, compared to 2014. The poor demand is being blamed on Indonesia’s excess cement production capacity putting pressure on prices, and delays in infrastructure programmes. According to the company, disappointing sales volumes are also being attributed to “the ... |
Cementos Argos02 March 2016, Published under Cement NewsThe final quarter of 2015 saw Cementos Argos record 54 per cent growth in consolidated revenue to COP2.2trn (US$658.2m) while EBITDA jumped by 123 per cent YoY to COP409bn, representing an EBITDA margin of 19 per cent. Cement volumes for the quarter increased by 13 per cent to 3.6Mt and ready-mixed concrete volumes grew by three per cent to 2.9Mm 3 . According to the company, the growth in revenue was attributed to increased volumes in most areas, structural improvements in efficiencies and ... |
Eagle Materials improves cement profit29 January 2016, 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 2015 increased by 3.5 per cent to US$973.9m. The trading profit before corporate overheads declined by 16.4 per cent to US$206.4m, of which cement contributed 56.2 per cent compared with 39.1 per cent a year earlier. The group trading profit was off by 18.4 per cent to US$179.8m. After a net interest charge 6.4 per cent higher at US$12.8, the pretax profi... |
PT Semen Indonesia26 January 2016, Published under Cement NewsPT Semen Indonesia has said that it will continue to focus on its domestic market despite sales remaining sluggish in 2015. According to the company, cement consumption is expected to expand by more than five per cent in 2016, compared to a stagnant one per cent last year. Despite sales falling at the company by 0.3 per cent from January to November 2015, its President Director, Mr Suparni, has said it hopes to boost sales by as much as six per cent in 2016, driven by numerous government inf... |
UltraTech Cement26 January 2016, Published under Cement NewsUltraTech Cement has reported a seven per cent increase in domestic cement sales in the quarter ending 31 December 2015. Cement sales for the period stood at 11.26Mt, which, despite cement prices remaining subdued, was encouraging growth driven by operational efficiencies and lower energy costs. However, according to the company, this benefit was partially offset by an increase in costs due to the District Mineral Foundation levy. Net sales were up by five per cent to INR61.08bn (US$900m)... |
LafargeHolcim02 December 2015, Published under Cement NewsLafargeHolcim is making an offer to acquire the shares in the Greek Heracles Cement SA. The offer runs until 11 December and, if successful, the Heracles Cement shares would be de-listed from the Athens stock exchange. Lafarge Malaysia Bhd has bought Holcim Malaysia from Holcim Indonesia for EUR69.8m. With the addition of Holcim Malaysia, Lafarge Malaysia now has a cement capacity of 14.14Mta and operates three integrated cement works, two grinding centres, six aggregates quarries and in ... |
HeidelbergCement02 December 2015, Published under Cement NewsHeidelbergCement's turnover improved by 8.2 per cent to EUR10,076m in the first nine months of 2015 and EBITDA was 15.2 per cent ahead at EUR1916m. At the trading level, the profit increased by 16.7 per cent to EUR1347m and after a net interest charge 6.2 per cent lower at EUR427m, an associates contribution some 87 per cent higher at EUR33m and the pretax profit rose by 32 per cent to EUR953m, giving a the net attributable profit 27.2 per cent ahead at EUR762m. The net debt at the end of Se... |
Italcementi02 December 2015, Published under Cement NewsItalcementi's turnover improved by 3.2 per cent to EUR3217m in the first nine months the year and the running EBITDA was 1.7 per cent ahead to EUR482.9m, while the trading profit eased by 0.4 per cent to EUR165.6m. The net interest charge declined by 14.9 per cent to EUR85m and, after other items, the pretax profit rose by 31.8 per cent to EUR60.9m in the absence of impairment charges. After a 37.2 per cent reduction in the tax charge to EUR69m, the net attributable loss was more than halved... |
CRH02 December 2015, Published under Cement NewsIn its autumn trading statement, CRH said that turnover in the first nine months for the existing operations improved by two per cent in Europe and by 28 per cent in the Americas, or 16 per cent overall. EBITDA should be ahead by around three per cent in Europe and by 40 per cent in the Americas, having seen a 25 per cent rise during the first half (+4 per cent in Europe and +57 per cent in the Americas). That is expected to result EBITDA of some EUR1940m, excluding the recently-acquired ass... |
Buzzi Unicem02 December 2015, Published under Cement NewsBuzzi Unicem's turnover for the first nine months improved by 5.2 per cent to EUR1998.1m while EBITDA rose by 16.4 per cent to EUR352.1m. The trading profit was ahead by 52 per cent to EUR206.9m and net financial charges rose by 65.2 per cent to EUR83.8m. The contribution from associates increased by 38 per cent to EUR50m and the pretax profit was ahead by 46.9 per cent to EUR178.9m. The tax charge, however, declined by 11.8 per cent while the minorities charge fell by 68 per cent, leading t... |