Cement News tagged under: corporate
India Cement's net profit hit by rising production and transportation costs22 May 2013, Published under Cement NewsRising production costs and subdued demand in the southern markets has resulted in India Cements reporting a 31 per cent decline in FY13 net profit. Net profits (consolidated) fell to INR178.62 crore for the fiscal, down from INR259.86 crore last year, while revenues rose nine per cent to INR5159.47 crore from INR4631.04 crore last year. According to N Srinivasan managing director of India Cements, profit took a hit due to an increase in cost of diesel and freight charges and high cost o... |
Anhui Conch21 May 2013, Published under Cement NewsAnhui Conch Cement Company, China’s second-largest cement producer, has reported a 22.18 per cent fall in net profit in 1Q13 to CNY972m (US$158m). But an improved pricing environment has begun to emerge in some of the company’s key regional markets. Cement prices in the east and central regions, which account for 57 per cent of Anhui Conch’s capacity, have risen strongly since March and are expected to exceed the peak levels seen in 4Q12. Prices here are forecast to rise by a further CNY2... |
Cementos Argos21 May 2013, Published under Cement NewsColombia’s leading cement producer, Cementos Argos, has issued up to 250m preferential shares in a bid to raise up to COP2.32bn (US$1.26bn). The shares, priced at between COP7700-9300 (US$4.2-5.07) will be available until early May and will reportedly be issued in two stages with 182m earmarked for the first stage and a second issue, at the same price range, planned for a later date. Eighty per cent of the new capital will be invested with the remaining 20 per cent pre-paying debt. As... |
PPC Ltd21 May 2013, Published under Cement NewsIn the six months ending March 2013, South Africa’s PPC Ltd saw its cement sales grow by six per cent. Revenue was up by eight per cent to ZAR3.81bn (US$408m), EBITDA rose by three per cent to ZAR1.12bn (US$120m) and operating profit fell 12 per cent to ZAR0.75bn (US$80m). In March 2013 alone, cement revenue hit ZAR3306m (US$354m), compared to ZAR2958m in March 2012. Margins throughout the region remain under pressure particularly due to the rising electricity prices. Over the six-month ... |
Dangote Cement21 May 2013, Published under Cement News2012 was a bumper year for Dangote Cement with sales increasing to 10.4Mt, boosting the company’s market share in Nigeria from 50.5 per cent in 2011 to 57.1 per cent in 2012. Dangote’s market share is reported to have now exceeded 60 per cent on the back of continuing sales growth during 1Q13. The first three months of 2013 have already seen cement demand in Nigeria rise by almost 16 per cent. At an announcement made at the Nigerian Stock Exchange in April, the company also reported a 25 ... |
UltraTech Cement21 May 2013, Published under Cement NewsUltraTech Cement, part of India’s Aditya Birla Group, has reported a 16.3 per cent YoY fall in quarterly profits. The fall is being blamed on rising rail freight costs and increasing diesel prices, although some softening in the price of imported coal did cushion the blow. In 1Q13 net profit was INR7.26bn (US$134.26m) with net sales rising by just one per cent to INR53.89bn. Combined cement and clinker sales of grey cement were almost flat for the quarter at 11.13Mt. Despite the fall ... |
Semen Indonesia21 May 2013, Published under Cement NewsSemen Indonesia, the country’s largest cement producer, has reported a 20.4 per cent rise in cement sales in 1Q13, up from 4.94Mt in 1Q12 to 5.95Mt. The rise has been credited to the company’s new plants, Tuban IV, which is now fully operational, and Tonasa V, which has only operated at about 70 per cent capacity but is due to be fully operational by February 2014. The company expects revenue to be up by 21 per cent in 1Q13 compared to the same period last year as growing production and s... |
Peruvian dispatches see double-digit gains21 May 2013, Published under Cement NewsTotal cement dispatches by members of Peruvian cement association Asocem reached 3,345,226t in the first four months of this year, rising 12.42 per cent YoY. Domestic dispatches during the period amounted to 3,276,329t , showing a rise of 13.25 per cent on the same period of last year. ??Cement exports, meanwhile, were 68,897t (+41.69 per cent YoY). Production over the four months was 3,344,008t, up 13.15 per cent YoY. In April alone, total dispatches were 868,649t , of which domestic... |
Eastern Province net profit rises 4.8% YoY20 May 2013, Published under Cement NewsEastern Province Cement Company (EPCC) posted a 4.8 per cent rise in net profit for the first quarter of 2013, which the company attributed the increase to a better performance at one of its affiliate companies. For the first three months to the end of March 2013, net profit rose to SAR109m (US$ 29.1m) compared to SAR104m in the same period a year earlier. Earnings per share (EPS) stood at SAR 1.27, compared with SAR 1.21. Operating profit, however, fell to SAR104m for the first three ... |
EU construction output falls in March20 May 2013, Published under Cement NewsConstruction output in the EU27 fell by 1.7 per cent in the euro area and 1.1 per cent in March 2013, compared with the previous month, according to first estimates released by Eurostat, the statistical office of the European Union. Compared with March 2012, production decreased by 7.9 per cent in the euro area and by 7.2 per cent in the EU27 in March 2013. Among the Member States for which data are available for March 2013, production in construction fell in ten and rose in four. The l... |