Cement News tagged under: business results
Spain: Cementos Molins 9M net profit rises 38%06 November 2015, Published under Cement NewsSpain's Cementos Molins registered a net profit of EUR41.9m in the first nine months of the year, up 37.6 per cent YoY, according to the company. Total sales reached EUR473m, an increase of nearly 22 per cent YoY while operating profit reached EUR19.07m, advancing 1.9 per cent when compared with a year ago. The “negative result” for Spain was more than offset by its operations abroad, which contributed EUR51m. While Cementos noted improved results in the 3Q15 due to a pick-up in the d... |
Cemex02 November 2015, Published under Cement NewsDuring the first nine months of the year, Cemex' turnover declined by 7.2 per cent to US$10,722.4m while EBITDA was 1.4 per cent lower at US$1974.3m. The trading profit, however, advanced by 5.8 per cent to US$1264.6m while the net interest charge declined by 24 per cent to US$962.4m. The pretax profit improved by 41.1 per cent to US$166m. A 43.5 per cent lower tax charge led to the net attributable loss shrinking from US$325.9m to US$77.3m. The net debt at the end of September was 5.2 per c... |
PPC28 October 2015, Published under Cement NewsThe second quarter of 2015 saw cement demand in South Africa grow by 1.5 per cent to 3.08Mt, compared to the same period last year. This has fallen considerably from the 15.6 per cent expansion seen in 1Q15. According to PPC, this flat volume growth, along with increased competition in the local market, is being blamed for the two per cent contraction in average cement prices in the South Africa market of late. Speaking at the recent RMB Morgan Stanley conference in Cape Town, Darryl Cast... |
PT Semen Indonesia28 October 2015, Published under Cement NewsSemen Indonesia is joining forces with cement producer Semen Kupang, a subsidiary of Bank Mandiri, to construct a 1.5Mta cement plant in Kupang in East Nusa Tenggara. Costing US$185m work is due to begin on the new facility next year with around 40 per cent of its output destined for the export market. The news comes hot on the heels of Semen Indonesia announcing a 2.6 per cent fall in total volume sales in January to September this year to 18.6Mt, compared to 19.1Mt in 9M14. Total domest... |
Dangote Cement28 October 2015, Published under Cement NewsDangote has announced an increase in sales of 18 per cent to NGN366bn in 9M15, compared to the same period last year. Net income grew over the period from NGN141bn to NGN158bn, while profit before tax expanded by 8.4 per cent to NGN166.9bn, up from NGN154bn in 9M14. Earlier this month Dangote Industries announced plans to build 18 new cement plants across Africa and Asia. According to the company, the move hopes to transform Africa into an export continent rather than depending on imports... |
UltraTech Cement28 October 2015, Published under Cement NewsIn the three months to the end of September this year, UltraTech Cement saw its standalone net sales increase by 4.2 per cent to INR56.21bn (US$864m), up from INR53.79bn in the same period last year. Profit before interest, depreciation and tax also rose, up by 8.6 per cent YoY. Combined cement and clinker sales over the period hit 11.51Mt with cement sales expanding by five per cent. With the government committed to infrastructure development, housing and roads, UltraTech hopes to positi... |
Cementos Chihuahua 3Q15 sales rise 23% YoY28 October 2015, Published under Cement NewsMexico’s Cementos Chihuahua posted sales of MXN3.983bn (US$241.4m), up 23 per cent YoY, in the third quarter of 2015. The rise in turnover has been attributed to higher volumes and prices in Mexico and the USA. Sales in the US expanded by 24 per cent on the back of a three per cent advance in cement volumes in Minnesota, Texas and Colorado as the building and infrastructure sectors generated extra demand. This helped offset an 11 per cent fall in concrete sales. In Mexico, sales saw a ... |
Carthage Cement posts 19% rise in 3Q15 turnover15 October 2015, Published under Cement NewsTunisia-based Carthage Cement increased its cement production by 52 per cent YoY in 3Q15. Cement turnover rose by 24 per cent during this period but clinker sales fell as the company did not sell clinker to avoid competition with its own product and promote the sales of cement, the finished product with high added value. This strategy allowed Carthage Cement to consolidate its domestic market share which climbed from 10.9 per cent in September 2014 to 16.7 per cent one year later. In the ... |
China National Building Materials (CNBM)29 September 2015, Published under Cement NewsChina National Building Materials (CNBM) saw its revenue fall by 13.3 per cent to CNY48,339m (US$7.57m) in the first half of this year, compared to the same period in 2014. Net profit tumbled by 56 per cent to CNY792m while basic earnings per share declined, also by 56 per cent, to CNY0.147. Cement and clinker production fell with China United seeing cement manufacturing decline from 23.97Mt in 6M14 to 21.92Mt in the first half of this year. Production at South Cement fell over the same p... |
Cementos Argos29 September 2015, Published under Cement NewsCementos Argos has reported a 45 per cent increase in consolidated EBITDA to COP371bn (US$120m) in 2Q15, compared to the same period last year. Consolidated revenues also grew, coming in at COP1.8trn, a 26 per cent increase on the 2Q14. Cement sales saw a 14 per cent increase to 6.8Mt while ready-mixed concrete volumes expanded by four per cent to 5.5Mm 3 . In Colombia cement volumes increased by 10 per cent to 1.4Mt for the quarter and to 2.9Mt for the first six months of the year. The U... |