Cement News tagged under: corporate
Tasek sees fall in net profit for 3Q1708 November 2017, Published under Cement NewsMalaysia-based Tasek Corp Bhd posted a 3Q net profit of MYR1.89m (US$447,190) a fall from MYR7.56m in the corresponding period of the previous year, according to The Star Online. The company has a total net profit of MYR6.93m so far this year, a considerable decrease from MYR48.2m of 9M16. The decline in profits has been attributed to a reduced demand for cement. |
East African Portland Cement reports KES1.4bn loss08 November 2017, Published under Cement NewsEast African Portland Cement Co (EAPCC) saw its net profit of KES4.1bn (US$39.6m) for the year ended 2016 evaporate to record a KES1.4bn loss for the year ended 30 June 2017. Revenues at the Kenya-based cement producer fell 21.9 per cent YoY to KES6.93bn from KES8.87bn. Loss before tax in FY17 stands at KES1.71bn compared with a pretax profit of KES3.73bn in the year-ago period. |
Vicat reports 4% growth in consolidated 9M17 sales07 November 2017, Published under Cement NewsVicat’s 9M17 sales reached EUR1.92bn (USD2.22bn) versus EUR1.87bn a year earlier, reflecting a 4 per cent rise at constant scope and exchange rates. On a reported basis, the group’s sales rose 2.9 per cent compared with the same period of 2016. These results were supported by a 4 per cent pick-up in sales at constant scope across all Vicat’s regions, except for West Africa. The negative currency effect was -4 per cent, predominantly a result of the depreciation in the Egyptian pound and Tu... |
Dandot Cement Company reports a loss for FY201707 November 2017, Published under Cement NewsDandot Cement Company Ltd has announced its financial results for FY2017. The Pakistan-based company reported a loss of PKR527m (US$4.9m) compared to the loss of PKR280m in the previous financial year. The net sales of the company fell in the same period, decreasing from PKR2.98bn of FY2016 to PKR2.49bn for FY2017. The cost of distribution increased from PKR18m to PKR24m. |
Cementarnica Usje sees 10% net profit fall in 9M1706 November 2017, Published under Cement NewsTitan-owned Cementarnica Usje of Macedonia reported a net profit fall of 10 per cent YoY to MKD865.9m (US$16.4m) in the first nine months of 2017. The company’s operating revenue rose three per cent YoY to MKD3.44bn, said the cement producer in a bourse filing. Operating expenses increased eight per cent to MKD2.46bn when compared with the year-ago period. Usje’s financial revenue rose by 14 per cent YoY to MKD19.1m, while financial expenses were MKD8.5m, up from MKD1.5m a year earlie... |
Sonangol denies oil supply suspension at Kwanza Sul06 November 2017, Published under Cement NewsSonangol, Angola’s national fuel company, denied Friday that it had suspended oil supplies at the Fabrica de Cimento do Kwanza Sul (FCKS). According to Sonangol, what is happening specifically with the FCKS is that the company does not have its own storage facilities to receive and do fuel oil distribution logistics. This situation "threatens the arrival of fuel in the area of the plant, jeopardising the entire production process, including the production of clinker, cement raw materia... |
Martin Marietta 3Q17 results see cement shipments down 9.7%03 November 2017, Published under Cement NewsMartin Marietta's 3Q17 total revenues for the building materials business, which includes the aggregates, cement, ready-mixed concrete and asphalt and paving product lines, were US$1.024bn, down slightly from US$1.039bn. The cement product line generated pricing growth of 3.9 per cent, driven by ongoing construction activity in the Dallas/Fort Worth area. Ready-mixed concrete and asphalt pricing increased 4.9 per cent and 11.8 per cent, respectively. Average selling prices improved acro... |
Ramco reports 2Q17 net profit of US$26m03 November 2017, Published under Cement NewsRamco Cements has reported a drop in net profit during the 2Q17-18, due to tough local market conditions in Tamil Nadu and increasing operating costs driven by increasing power, fuel and transportation costs. The company reported a net profit of INR168.520 (US$26m) on a total revenue of INR10.73bn. Transportation and handling costs increased to INR2107m. Power and fuel costs increased to INR1725.4m while finance costs were down at INR172.7m. During the quarter, the company sold 2.15Mt, inc... |
Orient Cement reports 2Q17 net profit of US$1.57m03 November 2017, Published under Cement NewsOrient Cement (CK Birla group) reported a net profit of INR101.5m (US$1.57m) in the second quarter ended 30 September. The company had reported a net loss of INR293.9m in the year-ago quarter, Orient Cement said in a BSE filing. Revenue from operations was at INR5230.7m during the quarter under review as against INR4449.3m in the same period last fiscal. Total expenses during the second quarter were at INR5139.3m as compared to INR4957.8m in the corresponding period last fiscal, t... |
Beumer appoint new director of customer support03 November 2017, Published under Cement NewsBeumer has appointed Guido Hesse, 50, as its new Director of Customer Support at the Beumer Group headquarters in Beckum, Germany. Mr Hesse controls and coordinates the global centre of competence and defines, together with his team, the technical and organisational principles of services and support for the Beumer products. "We see our task not only in preventing malfunctions and machine breakdowns, which would lead to long downtimes," says Hesse. "No matter what industry, our customers ha... |