Cement News tagged under: corporate
Hilal net profit edges ahead, Kuwait10 March 2014, Published under Cement NewsKuwaiti cement producer Hilal Cement net profit reached KWD518,500 (US$1.8m) for 2013, up 3.6 per cent from KWD500,500 a year earlier, the company said in a bourse filing. The total assets stood at KWD22m at end-December 2013, compared with KWD21.9m a year earlier. Hilal's management board has proposed a seven per cent cash dividend for 2013, equal to 7 fils per share. |
Bamburi: operating profit plunges 24% YoY, Kenya07 March 2014, Published under Cement NewsBamburi Cement’s 2013 turnover declined by 3.6 per cent to KES33.9bn while operating profit fell 24 per cent amid an increasingly competitive market. Commenting on the company’s results, managing director Hussein Mansi, said: “In the first half of 2013, we experienced a drop in the company’s performance mainly attributable to competitive pressure in Uganda and we also saw a significant reduction of exports out of Uganda to the inland Africa markets due to political tensions, which impacte... |
Guy Sidos appointed chairman of Vicat Group07 March 2014, Published under Cement NewsJacques Merceron-Vicat, chairman of the Vicat Group has appointed current CEO, Guy Sidos, chairman in addition to his position as CEO. The board also appointed Jacques Merceron-Vicat honorary chairman. |
Holcim06 March 2014, Published under Cement NewsHolcim’s Indian subsidiary ACC Ltd has started up a new cement works at Padubidri in the state of Karnataka, using fly ash from a power station in Udupi and clinker from ACC's Wadi works. The plant has a capacity of 360,000tpa and will be supplying coastal markets in Karnataka and Kerala. The group’s turnover declined by 6.8 per cent in 2013 to CHF19,719m and in euro terms there was a 8.7 per cent reduction to EUR16,022m while in US$ terms there was a 5.9 per cent decline. The operating E... |
Lafarge06 March 2014, Published under Cement NewsLafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading profit fell by 14 per cent to EUR2075m as carbon credits dropped by 85.9 per cent from EUR99m to EUR14m. Net financial charges, which had been rising in recent years, declined by 4.9 per cent to EUR1041m, while other charges were 88.9 per cent lower at EUR55m, resulting in a pretax profit 20.2 per cent higher at EUR998m.... |
HeidelbergCement06 March 2014, Published under Cement NewsPreliminary figures from HeidelbergCement show turnover easing by 0.6 per cent to EUR13,936m, though on an underlying basis there was a 3.4 per cent increase. The EBITDA eased by 2.1 per cent to EUR2424m but improved by two per cent on a comparative basis and the trading profit edged ahead by 0.2 per cent to EUR1607m. The number of employees rose by 1.1 per cent to 52,560, as a reduction of around people 750 in North America and Europe was more than offset by the increased sphere of consolid... |
Cemex06 March 2014, Published under Cement NewsCemex' turnover improved by 1.6 per cent in 2013 to US$15,226.5m and the EBITDA emerged 0.7 per cent ahead at US$2,643.0m, while the trading profit advanced by 17.4 per cent to US$1517.8m. The net interest charge rose yet again and was up by 11.1 per cent to US$1551.5m. Meanwhile, the pretax loss was reduced by 34.3 per cent to US$264.6m and the net attributable came down by 7.6 per cent to US$843.1m. Net debt, including perpetual notes, increased by four per cent during the year to US$16,30... |
Italcementi06 March 2014, Published under Cement NewsItalcementi's turnover declined by 5.4 per cent in 2013 to EUR4235.4m, or by 2.2 per cent on a comparable basis. Group cement shipments declined by a further six per cent to 43.1Mt, and the turnover from cement and clinker was down by 6.4 per cent to EUR2716.8m, with cement volumes lower everywhere other than in Asia and in North America. The concrete and aggregates turnover eased by 2.5 per cent to EUR1248.7m as shipments of aggregates declined by 4.2 per cent to 32.5Mt and ready-mixed conc... |
Buzzi Unicem06 March 2014, Published under Cement NewsBuzzi Unicem's turnover declined by 2.1 per cent last year to EUR2754m. Net debt at the end of December was 5.3 per cent below the level seen a year earlier at EUR1066m. Group cement deliveries in 2013 increased by 0.3 per cent to 27.4Mt, but ready-mixed concrete deliveries declined by 5.1 per cent to 12.9Mm³. The underlying EBITDA, which will be announced on 27 March, is expected to show an improvement on the EUR455.1m shown for 2012. Buzzi Unicem's Italian turnover declined by another 9... |
Cimpor06 March 2014, Published under Cement NewsOn a comparative basis, Cimpor's turnover increased by 25.5 per cent last year to EUR2624.5m and the EBITDA rose by 45.5 per cent to EUR691.8m. The trading profit emerged at EUR487.0m compared with a loss of EUR7.2m in the previous year on an integrated basis, or a EUR305.8m proforma profit on a restated basis, or a 59.3 per cent increase. The net financial charge, on an integrated basis, rose by 23.2 per cent to EUR406.9m, giving a pretax profit of EUR80.1m and at the net attributable level... |