Cement News tagged under: business results
PPC01 June 2015, Published under Cement NewsPPC has reported a nine per cent rise in revenue to ZAR4.5bn in the half-year ended 31 March 2015, compared to the same period last year. Profit over the period, however, has slumped by 38 per cent while EBITDA is down by four per cent, mainly due to poor economic growth, increased cement imports and local competition in the company’s home market of South Africa. The news in Zimbabwe and Botswana was more encouraging with sales volumes up by nine per cent and 20 per cent, respectively. Rwan... |
Semen Indonesia01 June 2015, Published under Cement NewsSemen Indonesia saw cement sales fall by 7.9 per cent in April this year, compared to the same month in 2014. Volumes were down from 1.088Mt to 1.002Mt. Semen Padang also saw its sales slump by 7.7 per cent to 480,017t, while Semen Tonasa reported an 8.1 per cent advance in monthly sales volumes to 427,705t. I ndonesian cement consumption during April fell by 0.3 per cent, according to recent data from the Indonesian Cement Association. Java saw the biggest contraction with consumption sl... |
Anhui Conch Cement Co01 June 2015, Published under Cement NewsFollowing its 31 per cent fall in net profit in 1Q15, shares in Anhui Conch slid 2.3 per cent as some analysts downgraded their rating to ‘hold’. The company’s revenue contracted by 11 per cent over the same period, driven mainly by a YoY decrease in the selling price of the group’s products. According to global investment bank Jefferies, the weak seasonal recovery in cement prices could see the company’s 2Q15 earnings also fall by 30 per cent YoY. Cement prices reportedly continued to decli... |
PT Indocement01 June 2015, Published under Cement NewsIndonesia’s general economic slowdown during 1Q15 triggered a decrease in the country’s cement consumption by 3.2 per cent, compared to the same period last year. This fall in demand is being blamed for Indocement’s eight per cent drop in sales volume during the quarter with its market share contracting from 30 per cent in 1Q14 to 28.5 per cent. Net revenue for the quarter fell by 3.8 per cent to IDR4327.5bn while gross profit slid by 2.3 per cent to IDR1927.8bn. Operating profit over the... |
Cementos Argos01 June 2015, Published under Cement NewsCementos Argos has reported a 3.3 per cent YoY increase in net profit to COP78.9m (US$29m) in 1Q15, driven by improved sales in the US. EBITDA in the period grew by 18 per cent while revenue advanced by 27 per cent. Around 60 per cent of the company’s income now comes from outside Colombia. Total cement sales during the quarter came in at 3.2Mt, up by 18 per cent compared to the same period last year, while ready-mixed concrete volumes improved by seven per cent to 2.5Mm 3 . Colombian cem... |
Dangote Cement01 June 2015, Published under Cement NewsDangote Cement has attributed its strong 1Q15 results to the arrival of its new African factories, improved gas supplies to its plants and the reallocation of production to tax-free facilities. The quarter saw revenue increase by 10.8 per cent to NGN114.7bn (US$576m) with gross profit advancing by a similar margin to NGN74.7bn. EBITDA grew by 13.9 per cent to NGN72bn, while cement volumes came in 3.4 per cent up at 3.8Mt. In Nigeria cement sales reached 3.1Mt during 1Q15, compared to 3.47... |
Cemex07 May 2015, Published under Cement NewsCemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the depreciation and amortisation charge, the trading profit rose by 25.3 per cent to US$335.32m. The net interest charge declined by 15.3 per cent to US$338.08m, to give an 82 per cent drop in the pretax loss from US$167.88m to US$30.86m. The effective net debt was 3.4 per cent lower at US$15,769m, of which 86 per cent was in US ... |
Lafarge07 May 2015, Published under Cement NewsSubject to the proposed amalgamation of Holcim and Lafarge going through, Summit Materials will acquire Lafarge’s 1.1Mta cement works at Davenport, Iowa and seven marine terminals along rhe US inland waterways system. The consideration will be US$450m (EUR420m) plus Summit’s terminal at Bettendorf, Iowa. Lafarge's first-quarter turnover increased by 5.5 per cent to EUR2779m and EBITDA rose by 17.5 per cent to EUR403m, while the running profit advanced by 40.4 per cent to EUR205m. Net fina... |
Holcim07 May 2015, Published under Cement NewsThe Indian competition authorities have approved the Holcim Lafarge merger, subject to the disposal of one integrated works and one grinding centre in the east of the country, representing a capacity of around 5Mta. That would leave a capacity in India of around 68Mta. The Indian Holcim subsidiary ACC Limited delivered 10.2 per cent less cement in the first quarter of 2015 at 5.82Mt and the turnover came off by 2.8 per cent to EUR421.5m. EBITDA rose by 43.4 per cent to EUR89.3m, but the p... |
Cementos Argos29 April 2015, Published under Cement NewsWith the US government announcing a US$478bn spend on infrastructure projects over the next six years, Cementos Argos will be looking to further consolidate its position in the country. 2014 saw the company increase its cement production capacity in the US by 107 per cent YoY to become the second-largest cement producer in the southeastern US. It is reportedly already involved in more than 70 per cent of the infrastructure projects being carried out in the country as well as 60 per cent o... |