Cement News tagged under: business results
Italcementi’s improvements in Asia and North America offset declines elsewhere31 July 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... |
Titan's US business continues to advance strongly31 July 2015, Published under Cement NewsTitan's first-half turnover improved by 19.9 per cent to EUR672.8m, helped by exchange rate movements, and EBITDA was ahead by 18.3 per cent to EUR105.3m. Following an increase in the depreciation charge of a modest 6.3 per cent, the trading profit improved by 35.4 per cent to EUR48.6m. After a net financial charge 10.1 per cent higher at EUR32.7m and other items, the pretax profit jumped from EUR6.7m to EUR30.9m. At the net attributable level the profit jumped from EUR2.9m profit to EUR24.2... |
Holcim's profits hurt by the strength of the Swiss currency30 July 2015, Published under Cement NewsHolcim's cement deliveries declined by two per cent to 67.6Mt in the first six months, and the underlying advance was 2.1 per cent. Shipments of aggregates rose by 3.4 per cent to 72Mt and ready-mixed concrete deliveries improved by 0.6 per cent to 18.2Mm³ but declined by three per cent on an underlying basis, while asphalt sales rose by 13.8 per cent to 4.6Mt. Turnover declined by 3.4 per cent to CHF8646m, but rose by 11.9 per cent in euro terms to EUR8182m, while on a comparative basis ... |
HeidelbergCement benefits from strong North American improvement30 July 2015, Published under Cement NewsHeidelbergCement's first-half results show an 11.2 per cent increase in turnover to EUR6470m. EBITDA improved by 22.3 per cent to EUR1052m, while the trading profit advanced by 27.5 per cent to EUR672m. The net interest charge declined by 5.9 per cent to EUR285m and the pretax profit rose by 69.9 per cent to EUR406m and the net attributable profit improved by 70 per cent to EUR148m. Net debt at the end of June was 20.1 per cent lower than a year earlier at EUR6305m, giving a gearing level 34... |
Italcementi aims to sell out to HeidelbergCement as consolidation gathers pace30 July 2015, Published under Cement NewsItalcementi's first-half turnover recovered by 5.8 per cent to EUR2167.5m and the 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 tat the same stage a year ago. The net attributable loss amo... |
Lafarge EBITDA up EUR52m in 1H1529 July 2015, Published under Cement NewsLafarge's cement volumes for the second quarter of 2015 were down three per cent due to a fall in export sales as the two per cent volume rise in domestic markets could not entirely offset the decline overseas. Volumes were supported by continuing positive trends in many markets such as Romania, the Philippines, Egypt or Canada while adverse weather limited growth in the United States. There was also ramp-up of new capacities in Rajasthan (India) and Russia to offset the impact of subdued m... |
Morocco: Cimar sees 10% net profit rise in 1H1529 July 2015, Published under Cement NewsCiments du Maroc (Cimar) reported a 7.6 per cent YoY rise in turnover to MAD1.93bn (US$197m) for the first half of 2015. The positive sales figures in Doukkala-Abda region, which advanced by 20.4 per cent, contributed significantly to keep sales stable for the Moroccan cement producer, despite a 1.3 per cent contraction in the domestic market. In addition, the company also benefitted from a 27 per cent rise in ready-mix concrete and aggregates sales in this period when compared with 1H14.... |
Cemex 2Q like-for-like net sales up 5%23 July 2015, Published under Cement NewsCemex announced yesterday that consolidated net sales reached US$3.8bn during the second quarter of 2015, representing a decline of eight per cent YoY, or an increase of five per cent on a like-for-like basis for ongoing operations and adjusting for currency fluctuations. The increase was due to higher prices, in local currency terms, in most operations, as well as improved volumes in most products in Mexico, US and northern Europe and Asia regions. Operating EBITDA increased by one per ce... |
Peru: Unacem 1H15 net profit up 23%23 July 2015, Published under Cement NewsPeru-based producer Unacem reported a 23 per cent rise in its net profit for the first half of 2015 to PEN151m (US$47.4m) largely attributed to cost controls. Lower operational costs (-9.1 per cent) saw operating profit rise to PEN455.7m, up 93.4 per cent when compared with !H14. However, higher financial costs (+107 per cent to PEN114.1m) and exchange losses (-PEN181m) had a negative effect. Nevertheless, 2Q15 sales edged up 6.7 per cent to PEN475.6m and by 9.5 per cent to PEN957.6m ... |
Bolivia: Soboce income falls 49% in FY14-1522 July 2015, Published under Cement NewsSoboce profits fell 48.8 per cent YoY from US$31.46m to USS16.12m in the period April 2014-March 2015. The result due to a rise in costs, heavy rains and the payment of a US$7.41m fine for alleged anti-competitive practices. Sales volumes and prices have remained stable, according to the company. "The projection of revenues for the current administration depends on the growth in domestic demand for cement. We expect that economic indicators have performed well accompanied with a good clima... |