Cement News tagged under: business results
Anhui Conch29 September 2015, Published under Cement NewsThe first half of 2015 has seen revenue at Anhui Conch fall by 15.8 per cent to CNY24.2bn (US$3.8bn), driven by a 16.44 per cent decline in cement price, a slowdown in demand and oversupply of the market. The company’s market share, however, nudged up by one per cent to 11 per cent, compare to 1H14. Over the six-month period, the company sold 115Mt of clinker and cement, representing YoY growth of 1.6 per cent. East China took the lion’s share of sales with 29.23 per cent, followed by Cen... |
PT Semen Indonesia29 September 2015, Published under Cement NewsPT Semen Indonesia’s total cement sales volumes grew by 11.5 per cent to 2.33Mt in August, compared to 2.01Mt in the same month last year. Of this, Semen Indonesia accounted for 1.27Mt, an increase of 13 per cent compared to August 2014, while Semen Padang sold 578,067t, representing a 10.5 per cent expansion, and Semen Tonasa saw a 9.2 per cent increase to 477,039t. Another notable improvement was Semen Padang’s exports which jumped by 51.3 per cent in August this year to 21,308t, compared ... |
LafargeHolcim02 September 2015, Published under Cement NewsLafargeHolcim, having secured 95.25 per cent of the voting rights and 96.41 per cent of the capital of Lafarge SA has decided to implement a squeeze-out procedure to acquire the remainder of the capital. LafargeHolcim has agreed to sell the Jojobera and Sonadith cement operations to Birla Corporation for an enterprise value of INR50bn (EUR691m), subject to government approval. The extra 5.15Mta of capacity would take Birla Corporation’s capacity to around 15Mta. At present the company ope... |
Buzzi Unicem02 September 2015, Published under Cement NewsBuzzi Unicem's 1H15 turnover improved by 4.9 per cent to EUR1238.2m and EBITDA rose by 20.3 per cent to EUR166.6m. The depreciation and impairment charges came down by 22.4 per cent to EUR96.5m as the writing off goodwill in Ukraine was not repeated. The 1H15 trading profit recovered further from EUR14.1m to EUR70.1m, but the interest charge rose by 10.3 per cent to EUR51.8m. The pretax loss of EUR11.1m a year ago was turned into a profit of EUR54.1m. After a tax charge 82.5 per cent higher ... |
Votorantim02 September 2015, Published under Cement NewsVotorantim’s share of sales and profit from cement declines. Votorantim Industrial generated a 2Q15 turnover 17.4 per cent higher at BRL7800m (EUR1957m) while EBITDA rose by 22 per cent to BRL1810m (EUR454m). The first half generated a turnover of BRL14,884m (EUR3,735m) and EBITDA amounted to BRL3215m (EUR807m). Votorantim Cimentos contributed 44.8 per cent of the turnover and 49.6 per cent of EBITDA in the quarter, with metals being the second-largest contributor, accounting for 39.7 per ce... |
Cimpor02 September 2015, Published under Cement NewsCimpor's 1H15 turnover increased a 4.8 per cent to EUR1302.8m, while EBITDA declined by 3.3 per cent to EUR279.2m. The amortisation and provision increased by 10.1 per cent to EUR100.6m. The trading profit declined by 9.5 to EUR178.6m and after a 5.5 per cent fall in the net financial charge to EUR166.8m, led to a pretax profit of a 43.4 per cent to EUR11.8m. Following a 32.2 per cent increase in tax and a 5.8 per cent decline in the interim loss, the net interim loss of amounted to EUR7m. T... |
Vicat02 September 2015, Published under Cement NewsVicat's 1H15 turnover improved by two per cent to EUR1243.6m, which amounts to a 6.1 per cent reduction on a comparative basis. EBITDA declined by 2.2 per cent to EUR203.1m and the margin narrowed from 17.1 to 16.3 per cent. The trading profit came off by 19.2 per cent to EUR93.3m, an underlying reduction of 25.4 per cent. After a net financial charge 5.9 per cent lower at EUR27.8m and a 40 per cent increase in the income from associates to EUR2.4m, the pretax profit declined by 19.6 per cen... |
CRH02 September 2015, Published under Cement NewsCRH's 1H15 turnover advanced by 12.6 per cent to EUR9370m and EBITDA improved by 9.9 per cent to EUR555m. The trading profit increased by 11.2 per cent to EUR189m and after a net interest charge 8.6 per cent higher at EUR139m, the pretax profit increased by 3.3 per cent to EUR63m. The net attributable result improved by EUR1m to EUR46m. Net debt at the end of June was 67.3 per cent lower at EUR1212m, giving a gearing level of 9.7 per cent, which compares with 39.9 per cent a year earlier. Po... |
The leading cement groups24 August 2015, Published under Cement NewsIn response to the emergence of new regional producers and the large Chinese cement groups, other major players in the cement industry are forging new alliances to strengthen their market positions and increase profitability. The industry’s biggest ever tie-up between Lafarge and Holcim, completed in July 2015, is seeing repercussions across the world and will result in the elevation of CRH into the top tier. ICR reviews last year's performance of major cement producers in its August ... |
Cementos Argos18 August 2015, Published under Cement NewsFollowing a 59 per cent increase in profits in 2014, compared to the previous year, Cementos Argos has announced plans to pay dividends of COP44.5/share to its shareholders. Those with preferential shares will receive COP57.75/share. The company also intends to release dividend payments of COP253.30bn (US$96.06m) before the end of this year, as a result of the COP291.8bn profit achieved in 2014. Meanwhile, as part of its sustainability and environmental responsibility programme, Cementos ... |