Cement News tagged under: corporate
Prism Cement posts increase in net profits14 February 2018, Published under Cement NewsPrism Cement has posted its results for the quarter ended 31 December 2017. The company reached a net profit of INR148.5m (US$2.31m), compared to a loss of INR470m in the year-ago period. The total net sales of the company advanced to INR12.96bn from INR12.34bn, according to Reuters. |
Martin Marietta Materials’ improves prices in spite of some weak markets14 February 2018, Published under Cement NewsMartin Marietta Materials saw turnover advance by 3.8 per cent in 2017 to US$3965.6m and EBITDA was 3.4 per cent ahead at US$1004.4m, with the final quarter showing a 14.2 per cent advance. The trading profit improved by 3.4 per cent to US$700.4m while interest charge increased by 12 per cent 91.5m, giving a pretax profit two per cent ahead at US$618.9m. Thanks to a tax credit, the net attributable profit it improved by 67.7 per cent to US$713.3m. Martin Marietta's aggregates production... |
Siam Cement record revenue increase in 201714 February 2018, Published under Cement NewsSiam Cement has released its financial results for the full-year period ended 31 December 2017. Revenue reached THB450.9bn (US$14.34bn), an YoY increase of six per cent from THB423.4bn. Net profit fell two per cent to THB55bn from THB56bn of 2016, due to weakness in the domestic cement and building materials operations. However, EBITDA advanced four per cent to finish at THB102bn. In the 4Q17 the company recorded a significant 14 per cent YoY increase in revenue to THB113,400. Net profit ... |
Cementos Chihuahua sees 58% EBITDA hike in 4Q1714 February 2018, Published under Cement NewsCementos Chihuahua increased its EBITDA by 58.4 per cent YoY in the 4Q17 due to higher cement and concrete sales in Mexico and the USA as well as a 6.2 per cent cement price increase, according to a company statement to the Mexican Stock Exchange. "In the United States, sales increased 29.8 per cent and accounted for 76 per cent of Cementos Chihuahua's consolidated net sales. In Mexico, fourth-quarter sales increased 22.6 per cent and accounted for 24 per cent of net sales," said the stat... |
INC sales surpass 1m bags in January14 February 2018, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) sold 1,003,000 bags of cement in January, of which 87 per cent was sold from its Villeta plant, according to Derlys Ortiz, the company’s commercial manager. Sales from Vallemí represented 13 per cent, or 133,000 bags. In January 2017 the company sold 1.1m bags and therefore, this year’s first-month sales were down eight per cent. In 2017 INC sold 13,344,580 bags, up from previous year’s 13,202,803 bags, and setting a new record. Sales in... |
Ras Al-Khaimah Cement records net profit increase14 February 2018, Published under Cement NewsRas Al-Khaimah Cement has recorded a substantial increase in net profit for the full-year period of 2017, reaching AED21.3m (US$5.79m) from AED5.8m a year ago. However, the company also announced a fall in revenue to AED199.2m from AED229.5m of 2016, reports Reuters. |
Cementos Pacasmayo records sales volume increase in 4Q1713 February 2018, Published under Cement NewsPeru's Cementos Pacasmayo has announced its consolidated results for the fourth quarter and full-year period ended 31 December 2017. The sales volume of cement, concrete and blocks increased 7.3 per cent YoY in the 4Q17, attributed to growth in the self-construction market and an uptick in public sector spending. Cement EBITDA rose 13.9 per cent to PEN105.5m (US$32.2m), while the EBITDA margin of the sector expanded to 32 per cent. Consolidated EBITDA fell 35.7 per cent due to a write-off... |
Mangalam records 8% revenue increase13 February 2018, Published under Cement NewsIndia-based Mangalam Cement has submitted its results for the quarter ending December 2017, which feature a 46 per cent YoY decrease in net profit to INR27m (US$420,126) from INR58.5m. However, revenue has increased eight per cent to INR2.92bn from INR2.7bn of the year-ago period. The company has also received approval to construct a 11MW waste heat recovery unit at its plant in Morak, Rajasthan, according to Reuters. |
Hail Cement and Wärtsilä renew agreement13 February 2018, Published under Cement NewsHail Cement Co and Wärtsilä have renewed their co-operation for a further three years. Wärtsilä will continue to ensure the operational reliability and availability of the company’s power plant in Turbah, Saudi Arabia. "Wärtsilä has been responsible for the full operation and maintenance of our power plant in Turbah for about six years now. We have been satisfied with their flexibility, quality of service and emphasis on safety, and are happy to continue our co-operation with them," says ... |
Cementos Argos sees revenues rise, but Colombia challenges income13 February 2018, Published under Cement NewsArgos reported an improvement in its revenues for 4Q17 with stable sales for the full-year 2017. While EBITDA results fell both for 4Q17 and 2017, adjustment for non-recurring severance payments and anticipated pensions took out some of the sting as adjusted EBITDA margins for 4Q17 and 2017 reached 17.8 and 17.3 per cent, respectively. However, positive dynamics in the USA and the Caribbean and Central America regions could not fully offset a more challenging home market in Colombia and the ... |