Cement News tagged under: business results
Anhui Conch Cement Co18 August 2015, Published under Cement NewsAnhui Conch has reportedly sold its shares in two Chinese cement producers – Xinjiang Qingsong Building Materials and Chemicals Group and Tangshen Jidong Cement Co. The disposals, believed to have taken place during April-June this year, realised a net profit of US$217m. The news comes as Xinjiang Qingsong predicted a 55 per cent YoY fall in its net profit to shareholders. Based in Aksu, the company sells cement, cement products, chemical products and building materials primarily in the X... |
UltraTech Cement18 August 2015, Published under Cement NewsUltraTech Cement is reportedly in talks with BK Birla-owned Century Textiles and Industries Ltd in a bid to align their cement distribution networks. Despite talks of a possible merger, both companies have made no comment on this. If a merger were to result, the deal would boost UltraTech’s cement production capacity by 13Mta to 78Mta. UltraTech Cement has registered a six per cent increase in cement and clinker sales to 12.14Mt in the quarter ended 30 June 2015. This compares to 11.7Mt ... |
Dangote Cement18 August 2015, Published under Cement NewsDangote Cement has announced plans to construct a second cement plant in Cameroon, at a cost of US$150m. According to local press, the new factory will be located in Yaounde and will have a production capacity of 1.5Mta. Along with the company’s existing plant in Douala, this second investment will take Dangote’s total capacity in the country to more than 3Mta. With huge infrastructure investments in the pipeline in Cameroon and the surrounding countries, Dangote hopes the new plant will go ... |
Holcim03 August 2015, Published under Cement NewsThe takeover of Lafarge and the resulting board changes took place on 17 July 2105, with Eric Olsen as chief executive of the enlarged group. During the first six months of the year, Ambuja Cement's turnover declined by eight per cent to INR49.18bn (US$768.9m) and EBITDA fell by 24 per cent to INR8.74bn while the net profit dropped by 41.4 per cent advance to INR5.44bn (EUR7.77m). In the second quarter turnover declined by 7.9 per cent and the net profit by 44.7 per cent. Cement shipments ... |
Lafarge03 August 2015, Published under Cement NewsLafarge's first-half turnover improved by 5.3 per cent to EUR6319m and EBITDA advanced by 5.9 per cent to EUR1223m, while the trading profit moved ahead by 7.7 per cent to EUR813m. At the net attributable level, however, there was a EUR477m loss, compared with a EUR70m profit a year ago. Net debt at the end of June was 1.5 per cent higher at EUR10,253m and the gearing level rose from the 65.4 per cent reported in respect of this time last year to 67.8 per cent. Capital expenditure increased ... |
HeidelbergCement03 August 2015, Published under Cement NewsEleven days after the completion of the acquisition of Lafarge by Holcim to form LafargeHolcim, HeidelbergCement agreed to acquire Italcementi, with a combined cash and share issue for the 45 per cent controlling stake held by Italmobiliare. A cash offer of EUR10.60/share will be made by HeidelbergCement for the remaining shares in Italcementi. This represents a 70.6 per cent premium on the weighted average share price of Italcementi over the past three months. HeidelbergCement's first-hal... |
Cemex03 August 2015, Published under Cement NewsCemex' first-half turnover declined by 6.4 per cent to US$7244.4m while EBITDA did improve by 3.5 per cent to US$1314.3m, though on an underlying basis there were increases of six and 14 per cent, respectively. A 5.6 per cent reduction in operating expenses led to a 15.6 per cent advance in the trading profit to US$833.8m. Net interest payments declined by 23.4 per cent to US$645m and, with other charges, the re-defined pretax profit jumped from US$49.2m to US$184.4m. The net attributable lo... |
Italcementi03 August 2015, Published under Cement NewsItalcementi's first-half turnover recovered by 5.8 per cent to EUR2167.5m and running EBITDA improved by 5.3 per cent to EUR324.5m. Helped by a reduction in the impairment charge, the trading profit improved by 9.6 per cent to EUR113m. Net financing costs eased by 0.2 per cent to EUR66m, giving a pretax profit of EUR57.3m, compared with EUR4.3m a year earlier. After tax, there was a EUR3.8m profit, compared with a EUR79.6m loss at the same stage a year ago. The net attributable loss amounted... |
Cementir boosted by financial items31 July 2015, Published under Cement NewsCementir's turnover edged ahead by 0.6 per cent to EUR475.7m in first half of 2015, as the improvements in Denmark and Sweden made up for lower results from Norway and Turkey while Italy was broadly stable. EBITDA, however, declined by 6.7 per cent to EUR73.14m. After a 3.4 per cent increase in depreciation and similar charges, the trading profit was down by 17.7 per cent to EUR31m. The net financial item swung from a EUR6.2m loss to a EUR5.3m profit, resulting in a pretax profit 15.3 per ce... |
Exchange rate helps Lafarge’s 6% EBITDA increase31 July 2015, Published under Cement NewsLafarge's first-half turnover improved by 5.3 per cent to EUR6319m while EBITDA advanced by 5.9 per cent to EUR1223m. The trading profit moved ahead by 7.7 per cent to EUR813m. At the net attributable level, however, there was a EUR477m loss, compared with a EUR70m profit a year ago. Net debt at the end of June was 1.5 per cent higher at EUR10,253m and the gearing level rose from the 65.4 per cent reported in respect of this time last year to 67.8 per cent. Capital expenditure increased by 2... |