Cement News tagged under: corporate
Profits increase at HeidelbergCement01 August 2011, Published under Cement News<!-- /* Font Definitions */ @font-face {font-family:Arial; panose-1:2 11 6 4 2 2 2 2 2 4; mso-font-alt:Arial; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 0 0 0 1 0;} @font-face {font-family:Times; panose-1:2 0 5 0 0 0 0 0 0 0; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 0 0 0 1 0;} @font-face {font-family:Cambria; panose-1:2 4 5 ... |
HeidelbergCement expects further advances in spite of higher energy costs01 August 2011, Published under Cement NewsHeidelbergCement’s first half turnover rose by 9.5% to €5996m, but the EBITDA improved by a more modest 4.6% to €904.3m as energy costs rose and the trading profit advanced by 5.7% to €501.2m. The net interest charge declined by 11.4% to €263.3m, while the pre-tax profit, last year distorted by exceptional items, rose ten-fold to €232.6m. Net debt at the end of June was 5.4% lower at €8574m, giving a gearing level little changed at 71.4%. Capital expenditure in the six months rose by 22.4% t... |
Dyckerhoff group sales significantly increased in the 1H1101 August 2011, Published under Cement NewsThe positive volume trend of the 1Q11 for Dyckerhoff AG continued. Group sales increased by 21%. Group EBITDA improved by 46%. Depreciation and amortisation increased, and EBIT grew by €24m. In consideration of income taxes, this added up to a result after income taxes of €19m. For fiscal year 2011 Dyckerhoff expects group sales at about €1.5bn. Based on the assumption that the market accepts the price increases, Dyckerhoff expects to significantly increase EBITDA. The EBITDA margin will i... |
Quinn Group in call for GBP35m working capital01 August 2011, Published under Cement NewsQuinn Group, the Northern Ireland-registered company encompassing cement, plastics, glass and radiators operating businesses, is seeking additional funds from banks and bondholders, writes Aine Coffey in The Sunday Times. Sources said the group’s management has requested GBP35m from its lenders to finance its working capital needs, which exceed what was previously calculated. However, the company said only that "there is no change in the financing arrangements that were announced back in ... |
Italcementi advances in India and Thailand01 August 2011, Published under Cement NewsItalcementi’s first half turnover recovered by 2.1% to €2452m, but the running EBITDA declined by 15.4% to €372.1m. Trading profit fell by 24.2% to €158m, but a 60.6% reduction in financial charges to €26.5m helped to reduce the reduction in the pre-tax profit to just 1.8% to €134m. With a gain, rather than a loss, from discontinued operations, the net attributable profit jumped from €0.4m to €115m. Net debt at the end of June was 8.2% lower than a year earlier at €2256.7m, giving a gearin... |
Ciments Français: reducing estimates and price target01 August 2011, Published under Cement NewsJefferies International Limited (JIL) are lowering its price target from €73 to €72 and its EBITDA estimates for both 2011 and 2012 by 7%, mainly due to its more cautious assumptions for Egypt (31% 2010 EBITDA) where cement prices declined by 8% in the first six months of 2011 as capacity in the country was increased by almost 20%. Balancing the shorter-term concerns on Egypt with the longer-term potential, JIL is retaining a “Hold” rating on the shares. Significance of weakness in Egypt. ... |
Digvijay Cement CEO resigns, India29 July 2011, Published under Cement NewsShree Digvijay Cement Company Ltd has said that the Board of Director, in their meeting held on July 28, 2011, , has accepted the resignation of PA Nair , the Whole-time Director and Chief Executive Officer with effect from August 1 2011. |
Semen Gresik profit rises 16%, Indonesia29 July 2011, Published under Cement NewsPT Semen Gresik Thursday reported its first-half net profit rose about 16% to IDR1.897trn from IDR1.64trn a year earlier. The cement producer booked revenue of IDR7.606trn in the January-June period, up 14% from IDR6.661trn in the same period a year earlier. |
Eagle Materials: higher costs and lower volume29 July 2011, Published under Cement NewsFor its first quarter of the financial year to 31 March, Eagle Materials’ turnover, including its share of the Texas Lehigh cement joint venture, declined by 5.6% to US$141.2m. The pre-tax profit profit fell by 72.5% to US$4.0m, after charging net interest costs that were 13.3% lower at US$4.6m. The net attributable dropped by 71.0% to US$3.1m and the net debt was 0.9% lower at US$347.8m to give a gearing level of 75.8%. Turnover from cement was down by 3.9% to US$59.1m, as the wholly-own... |
Birla Corp posts lower Q1 net profit, India28 July 2011, Published under Cement NewsBirla Corp reported a lower net profit of INR111.88 crore in the first-quarter ended June 30, 2011, compared to a INR118.28 crore net in the earlier corresponding period. The 5.41% decline in profit follows a marginal drop in Birla Corp’s April-June sales revenue at INR642.12 crore (INR651.99 crore). Company officials attributed the decline in 1Q profits and turnover to reduced ex-works realisation in the cement division and high cost of power & fuel. Elaborating further, Birla Corp chairma... |