Cement News tagged under: corporate
LafargeHolcim: results of the re-opened Public Exchange Offer03 August 2015, Published under Cement NewsFrance's Financial Market Authority published on Friday the final results of the re-opened public exchange offer initiated by LafargeHolcim Ltd (formerly Holcim Ltd) for the shares of Lafarge SA 25,901,191 additional Lafarge S.A. shares have been tendered. Following the settlement-delivery of the re-opened offer which is expected to occur on 4 August 2015, LafargeHolcim Ltd will hold 278,131,864 Lafarge SA shares representing 96.41 per cent of the share capital and at least 95.25 per cen... |
Dangote Cement 1H profit up 28%03 August 2015, Published under Cement NewsDangote Cement said first-half profit rose 28 per cent as its pan-African expansion helps make up for “uncertainties” in its domestic market of Nigeria. Net income was NGN121.8bn (US$614m) in the six months through June, compared with NGN95.4bn in the same period a year earlier. Sales rose 16 per cent to NGN242bn. Group cement sales volumes were up 13.7 per cent YoY to 8.1Mt. Domestic cement sales in Nigeria fell 7.5 per cent to 6.3Mt. Nigeria margins were protected by new pricing, improve... |
Pakistan – preliminary figures: MoM sales down by a third03 August 2015, Published under Cement NewsPakistan cement sales fell by 33 per cent in the first month of FY15-16 to 2.19Mt, preliminary data from AHL Research shows. During July 2015, domestic demand dropped by 36 per cent MoM to 1.74Mt while exports were down by 17 per cent to 499,000t, data from the report published in the Tribune (Pakistan), revealed. On a regional basis, exports were down 27 per cent MoM but rose by six per cent in the southern region. The decline in sales is attributed to Ramadan as well as a reduction in... |
UltraTech Cement seeks shareholders approval for NCD issue, India03 August 2015, Published under Cement NewsThe board of UltraTech Cement Ltd has sought shareholder approval to raise up to INR90bn rupees via issue of non-convertible debentures (NCD) on a private placement basis, the company said in a release to the exchanges today. The proceeds from the NCD issue will be used to finance ongoing capital expenditure, repay existing loans or for general corporate purposes. |
Cementir boosted by financial items31 July 2015, Published under Cement NewsCementir's turnover edged ahead by 0.6 per cent to EUR475.7m in first half of 2015, as the improvements in Denmark and Sweden made up for lower results from Norway and Turkey while Italy was broadly stable. EBITDA, however, declined by 6.7 per cent to EUR73.14m. After a 3.4 per cent increase in depreciation and similar charges, the trading profit was down by 17.7 per cent to EUR31m. The net financial item swung from a EUR6.2m loss to a EUR5.3m profit, resulting in a pretax profit 15.3 per ce... |
Exchange rate helps Lafarge’s 6% EBITDA increase31 July 2015, Published under Cement NewsLafarge's first-half turnover improved by 5.3 per cent to EUR6319m while EBITDA advanced by 5.9 per cent to EUR1223m. The trading profit moved ahead by 7.7 per cent to EUR813m. At the net attributable level, however, there was a EUR477m loss, compared with a EUR70m profit a year ago. Net debt at the end of June was 1.5 per cent higher at EUR10,253m and the gearing level rose from the 65.4 per cent reported in respect of this time last year to 67.8 per cent. Capital expenditure increased by 2... |
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... |
Kenya: ARM Cement to recover from US$4.6m 1H15 loss31 July 2015, Published under Cement NewsKenya's ARM Cement stooped to a first-half pretax loss of KES473.52m (US$4.6m), the firm said on Thursday, but said it expected to improve its performance in the 2H15. "In spite of the recent currency depreciation and increase in interest rates, the fundamentals for continued economic and construction sector growth remain strong," the firm said. "The company expects to significantly improve performance in the second half of the year through cost efficiencies arising from self-sufficiency i... |
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... |
Tororo cement invests US25m in expansion31 July 2015, Published under Cement NewsUganda’s largest cement manufacturer has earmarked UGX86bn (US$25m) towards the plant expansion. Tororo Cement Ltd will upgrade its cement plant at Tororo, northeast of Kampala, from 1.8Mta to 3Mta with new grinding capacity Brij Mohan Gragrani, Tororo Cement's executive director, said the new plant is expected to meet the increasing demand of cement in the region. “The expansion is proposed in view of market demand in Uganda and the neighbouring countries,” he said. Mr Gagrani said the im... |