Cement News tagged under: corporate
Holcim held back by weaker Indian and Mexican markets05 November 2013, Published under Cement NewsHolcim's turnover for the first nine months declined by 6.1 per cent to CHF14,941m, as weaker Indian and Mexican markets hold back the company's performance. In euro terms the reduction was 8.0 per cent to EUR12,136m and in US dollar terms the decline was 5.7 per cent. The Asia Pacific region generated 37.5 per cent of group turnover, down from 39.3 per cent a year earlier, while Europe represented 28.4 per cent, up from 26.5 per cent. Latin America contributed 17.1 per cent against 15.6 ... |
Vulcan improves margins and returns to profits05 November 2013, Published under Cement NewsVulcan Materials' turnover for the first nine months improved by 6.7 per cent to US$2090.5m and the EBITDA moved ahead by 29.8 per cent to US$372.4m. The trading profit jumped from US$29.4m to US$136.8m, with the third quarter showing a 78.6 per cent advance. After a net interest charge 3.9 per cent lower at US$152.8m, the pre-tax loss dropped by 91.1 per cent to US$11.2m, while a further tax credit gave rise to a net profit of US$15.3m compared with a US$56.1m the net loss a year earlier... |
ARM Cement 9M13 pretax profit boosted by higher sales05 November 2013, Published under Cement NewsARM Cement posted a 28 per cent rise in pretax profit for the first nine months of the year boosted by higher sales. Kenya’s second largest cement producer said on Tuesday its profit rose to KES1.53bn (US$17.9m) as turnover rose 32 per cent to KES10.2bn. Earlier, the company forecast 35 per cent growth in earnings this year helped by increased production capacity due to a new 0.75Mta grinding plant in Tanzania. Next year the company is due to launch its second Tanzanian facility, a 1.5Mta ... |
Philippine cement sales rise 7.1% on stronger government spending04 November 2013, Published under Cement NewsCement sales in the Philippines increased by 7.1 per cent to 14.9Mt from 13.9Mt in the same period of last year, according to the country’s cement association, CeMAP. According to Ernesto M Ordonez, president of CeMAP, a rise in July-August sales were driven by higher government spending (especially by the Department of Public Works and Highways), an increase in business confidence and a generally strong economy with good growth. The group added that the expansion in construction proje... |
Anhui Conch Jan-Sept net profit rises 36.82%04 November 2013, Published under Cement NewsAnhui Conch Cement Co 's net profit in the first nine months rose 36.82 per cent YoY to CNY5.36bn (US$878.6m), the company said in its third-quarter report. Basic earnings per share were CNY1.02 during the period. Operating revenue rose 14.76 per cent YoY to CNY37.01bn in the first nine months, boosted by an increase in the sales volume and price of cement and clinker. At the end of September the company's net assets had increased 6.29 per cent from the end of last year to CNY51.98... |
Siam City Cement Co sees annual 3Q gains, Thailand04 November 2013, Published under Cement NewsSiam City Cement, Thailand’s second-largest cement producer, reported a 53 per cent rise in net profit for the third quarter of 2013, thanks to solid sales, higher prices and energy savings in its production process. Sales rose 14.5 per cent YoY due to strong cement and ready-mix concrete sales. Gross margins increase from 41.1 per cent in 3Q12 to 45.6 per cent in 3Q13, mainly due to improved cement margins on the back of a THB100-15/t price hike, lower coal prices and energy savings from... |
Ashaka Cement pretax profit down 58.87%, Nigeria01 November 2013, Published under Cement NewsAshaka Cement pretax profit fell to NGN2.16bn (US$13.6m) in the first nine months of 2013, down 58.87 per cent from NGN5.27bn a year ago. Turnover for the Nigeria-based producer rose to NGN16.83bn during the nine months to 30 September, from NGN16.46bn in the same period of last year. Ashaka Cement, in which Lafarge holds a 59 per cent interest, having increased this from 50 per cent in 2012, is located in the northeastern Nigerian state of Gombe. |
Dangote nine-month pretax profit rises 42.5%31 October 2013, Published under Cement NewsDangote Cement said its pretax profit for the first nine months of 2013 rose 42.5 per cent to NGN151.72bn (US$952m), compared with NGN93bn in the same period last year. Revenue for the period also rose to NGN288.98bn, compared with NGN224.49bn in the same period of 2012. |
Lucky Cement first-quarter profit up 26%31 October 2013, Published under Cement NewsPakistan’s largest cement producer, Lucky Cement, reported a rise in profit of 26 per cent in the first quarter of the current fiscal. The company recorded after-tax profit of PKR2.54bn (US$23.8m) or earnings per share of Rs7.87 compared to profit of PKR2.01bn or EPS of Rs6.23 in the previous quarter. Revenues rose 20 per cent YoY to PKR10.6bn in the first quarter of 2013-14 against sales of PKR8.85bn in the same period of last year. Operating cost fell 22 per cent to PKR975m, which wa... |
PT Semen Indonesia nine-month net profit rises 15% YoY30 October 2013, Published under Cement NewsPT Semen Indonesia said Tuesday that its net profit rose 15 per cent YoY to IDR3.91trn (US$353m) during the first nine months of the year. The company recorded revenue of IDR17.39trn during the period, up from IDR13.67trn a year before. |