Cement News tagged under: corporate
Kuwait Portland Cement full-year net profit up slightly18 February 2014, Published under Cement NewsCement trader Kuwait Portland Cement said in a bourse statement today its net profit stood at KWD7.85m (US$27.8m) for 2013, slightly up from KWD7.28m in the previous year. Earnings per share (EPS) increased to 86.4 fils from 80.1 fils. Kuwait Portland Cement said total assets declined to KWD 74m at end-2013 from KWD72.1m a year earlier. The board of directors proposed an 85 per cent cash dividend for 2013, equal to 85 fils per share. |
Pakistan: DG Khan second-quarter profit rises14 February 2014, Published under Cement NewsDG Khan, one of Pakistan's leading cement producers, posted a 14 per cent YoY rise in profit during 2QFY14 to PKR1.61bn but higher power costs affect gross margins. Earnings per share rose to PKR3.68 against PKR3.22 a year earlier. Revenues increased by 10 per cent YoY to PKR6.54bn while gross margins declined to 34 per cent from 40 per cent in the comparative period of FY13 due to higher power costs. Earnings were down 5.6 per cent YoY to PKR2.66 compared to PKR2.82bn in 2QFY13.... |
Cemex confident on medium-term goals14 February 2014, Published under Cement NewsCemex remains confident that it is on track to meet its medium-term EBITDA goal as it continues to capture the full potential from its existing portfolio to improve profitability and return to investment-grade status, the company said during its annual investor gathering. Speaking on the company’s strategy and outlook during Cemex Day 2014 held yesterday, Juan Pablo San Agustin, executive VP of strategic planning and new business development, reiterated the company's intention of achieving... |
PCA names Anderson VP of public affairs, USA12 February 2014, Published under Cement NewsThe PCA has named Mark J Anderson group vice president of public affairs, effective 17 February 2014. He will be the key PCA government affairs representative, responsible for the overall direction and execution of legislative and regulatory initiatives in support of the association’s advocacy and promotion. “Mark will take the lead in shepherding the association’s legislative and regulatory efforts and in developing key policies and strategies,” Gregory M Scott, PCA president and CEO sai... |
Buzzi sees advances in Russia and US10 February 2014, Published under Cement NewsItalian cement major Buzzi Unicem saw turnover decline by 2.1 per cent last year to EUR2754m as the company saw another fall in its domestic market of Italy, but Russia and the US were its best performers. 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 ... |
Cherat Cement six-month profit rises 17% YoY, Pakistan10 February 2014, Published under Cement NewsPakistan-based producer Cherat Cement posted a profit after tax of PKR710m (US$6.74m) in the six months to the end of December 2013. This translates into a rise of 17 per cent YoY despite a drop in exports. On a quarterly basis, the company recorded a profit of PKR437m compared to PKR339m in the corresponding period of last year. In FY12-13, Cherat posted a record profit of PKR1.22bn, up 181 per cent from PKR435m in the previous fiscal. Cherat Cement operates 1.1Mta of cement capaci... |
Saudi Cement recommends SAR3.5/share for 2H1310 February 2014, Published under Cement NewsSaudi Cement Co said that its board had recommended a cash dividend of SAR3.5/share (US$0.93) for the second half of 2013. This is the same as the dividend paid in the corresponding period of 2012. The company reported an eight per cent fall in fourth quarter profit, which the company blamed on lower sales and rising raw material costs. |
Cemex falls back in Mexico but advances in the USA07 February 2014, Published under Cement NewsCemex' turnover improved by 1.6 per cent in 2013 to US$15,226.5m and EBITDA emerged 0.7 per cent ahead at US$2643m, 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 while the pre-tax 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$16,306m. Shareh... |
HeidelbergCement's results hit by currency effects06 February 2014, Published under Cement NewsThe preliminary full-year 2013 figures from HeidelbergCement show turnover easing by 0.6 per cent to €13,936m, though on an underlying basis there was a 3.4 per cent increase. 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 €1607m. 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 sph... |
Cemex LatAm Holdings sees improved profitability in most markets06 February 2014, Published under Cement NewsCemex Latin American Holdings (CLH) has reported 10 per cent increase in turnover for 2013 against the pro-forma numbers for the previous year and improved profitability was seen in most of Cemex LatAm's markets. EBITDA increased by 16 per cent driven by higher volumes, along with lower maintenance and fuel costs and lower distribution expenses, compared to pro forma 2012. EBITDA margins increased by 1.8 percentage points reaching 36.2 per cent, compared to 2012. The increased profitabil... |