Cement News tagged under: corporate
Ceskomoravsky full-year profit hit by low domestic consumption levels28 August 2014, Published under Cement NewsCeskomoravsky Cement, the leading cement producer in the Czech Republic, posted a profit of CZK586m (EUR21.122m) last year, continuing a decline that began in 2009. The wholly-owned HeidelbergCement group company saw sales revenue down by CZK100m to CZK2.68bn, Ceskomoravsky Cement said in its annual report. The decline is attributed to falling domestic consumption which last year was down by six per cent to a record low of 3.2Mt. "The continuing impacts of the economic crisis and abs... |
AdBri 1H net profit falls, revenue edges ahead28 August 2014, Published under Cement NewsAdelaide Brighton reported a 3.9 per cent rise in first-half revenue to AUD602m, as improved pricing and increased cement from the residential sector on the eastern seaboard offset a decline in project volumes in South Australia and a reduction in lime sales volumes. The company reported a net profit for the half year ended 30 June 2014 of AUD51.2m, down 15.9 per cent compared to the same period of last year. Adjusting for significant items, underlying net profit of AUD61.2m was 2.9 per... |
Dalmia plans merger of listed cement units27 August 2014, Published under Cement NewsIndia-based Dalmia Group is considering merging its two listed cement units, OCL India and Dalmia Bharat, according to local press reports citing sources with knowledge in the matter. Following the merger, the swap ratio wil favour shareholders of OCL India, reports India Investment News. As part of the restructuring process, Dalmia Bharat also aims to merge its unlisted subsidiary Dalmia Bharat Enterprises into itself. Private equity firm Kohlberg Kravis Roberts owns a 14.5 per cent stake... |
Lafarge Cement Wapco pretax profit and revenue rise27 August 2014, Published under Cement NewsLafarge Cement Wapco reported a double-digit rise in pretax profit and revenue for the first half of 2014 as demand remained strong despite the rainy season slowing building activity. The company, which last month merged with Lafarge’s South African subsidiary, reported a pretax profit of 29 per cent rise in first-half to NGN17.74bn (US$85m). Revenue rose by 12 per cent to NGN55.35bn (US$341m) from NGN49.48bn in the corresponding period of last year. The company said it achieved growth ... |
Cementarnica Usje 1H14 net profit up 28% YoY27 August 2014, Published under Cement NewsMacedonian producer Cementarnica Usje AD Skopje said on Tuesday its consolidated net profit rose 28 per cent to MKD789.2m (EUR12.8m) in the first half of 2014. Operating revenue rose by 15 per cent to MKD2bn in the six months to the end of June while operating costs increased five per cent to MKD1.3bn, Usje said in a consolidated financial statement. Usje is Macedonia’s sole cement producer, owned by Greek cement major Titan by means of a 94.8 per cent stake. Its 0.9Mta production plant ... |
Fitch: Votorantim Cimentos ‘backbone’ of parent rating26 August 2014, Published under Cement NewsFitch has affirmed the ratings for Votorantim and its subsidiaries, highlighting that its cement division continues to be the “backbone of the parent company's rating”. The ratings agency notes that Votorantim Cimentos (VCSA) is the key operating subsidiary of Votorantim Participacoes SA (VPAR). "VCSA is poised to improve its operating cash flows due to investments that have increased its cement capacity in Brazil from 23Mta to 32Mta since 2011," Fitch said in a statement. It projects VCSA... |
KHD replaces existing bonding line facility with 'long-term solution'26 August 2014, Published under Cement NewsKHD Humboldt Wedag International AG (KHD) has replaced its existing bonding line facility with a new "long-term solution", the German equipment specialists said in a statement released yesterday. KHD has cancelled its existing bonding line facility with a consortium of banks, which had issued bank guarantees of over EUR80.3m as per 31 December 2013. It has replaced this facility with two bilateral bonding line agreements with Deutsche Bank AG (EUR40m) and the Raiffeisen Bank International ... |
Lafarge Zambia reports first-half profit rise25 August 2014, Published under Cement NewsLafarge Zambia reported a 66 per cent rise in first half profit to ZMK181m (US$29,86), due in part to favourable volumes and cost control measures. Company chief executive officer, Emmanuel Rigaux, highlighted that the results improved despite domestic and export markets facing challenges with stiffening competition, cost inflation and a number of changes in the regulatory environment. "Together with improvements in operational and industrial performance at our Ndola and Chilanga plants, w... |
China Shanshui Cement 1H hit by lower prices25 August 2014, Published under Cement NewsChina Shanshui Cement Group Ltd announced its unaudited interim results for the six months ended 30 June 2014 which saw softer demand and lower average selling prices dent profitability. During the reporting period, the Group's revenue reached CNY7349m (US$1.19bn) while gross profit was CNY1534m. Profit attributable to equity shareholders amounted to CNY168m with basic earnings per share reaching CNY0.06. During the period under review, cement sales rose six per cent YoY to 24.36Mt and sh... |
China Shanshui Cement 1H hit by lower prices25 August 2014, Published under Cement NewsChina Shanshui Cement Group Ltd announced its unaudited interim results for the six months ended 30 June 2014 which saw softer demand and lower average selling prices dent profitability. During the reporting period, the Group's revenue reached CNY7349m (US$1.19bn) while gross profit was CNY1534m. Profit attributable to equity shareholders amounted to CNY168m with basic earnings per share reaching CNY0.06. During the period under review, cement sales rose six per cent YoY to 24.36Mt and sh... |