Cement News tagged under: corporate
Credit Suisse upgrades Taiheiyo Cement, Japan06 March 2013, Published under Cement NewsCredit Suisse has upgraded Japan’s leading cement producer Taiheiyo Cement to Outperform from Neutral and sees improved profits for the company in the next fiscal. The house sees a one-off but substantial shortfall versus guidance in the current fiscal year due to higher fixed costs and increases in cost outlays due to production-related issues. However, it expects the company to achieve profits in the fiscal ending March 2014 on a comparative profit rebound, relatively large benefits from... |
Tianrui Cement's net profit falls 38.5% YoY06 March 2013, Published under Cement NewsChina Tianrui Group Cement announced that the company saw net profit reach CNY783m (125.9m) in 2012, a YoY decline of 38.5 per cent. The Henan Province-based clinker and cement producer said its operating revenue fell 8.1 per cent YoY to CNY7.59bn, with basic earnings per share of CNY0.33 |
Titan's profits decline, except in the USA05 March 2013, Published under Cement NewsTitan Cement of Greece reported a 3.6 per cent recovery in turnover for 2012 to €1130.7m, following the 19.2 per cent drop in the previous year. EBITDA, however, continued its double-digit decline and fell by 19.8 per cent to €195.8m. While consumption in its home market of Greece has fallen to less than a quarter of the 2006 peak level, Titan has witnessed a reversal in fortunes in its US operations. In spite of a swing from a €11.9m loss on foreign exchange to a €1.5m profit, there was ... |
China Resources Cement profit down by 44.4%05 March 2013, Published under Cement NewsChina Resources Cement (CRC) reported a 44.4 per cent loss in net profit attributable to shareholders last year to HK$2.32bn (US$299m). In 2012, the firm's turnover rose 9.1 per cent from a year earlier to HK$25.35bn. The sales volume of cement and clinker surged by 26.5 per cent and 36 per cent, respectively. The average cement price, however, decreased 12.23 per cent to CNY324.3/t while clinker prices were down clinker 16.1 per cent to HK$257.1/t. Looking ahead, Barclays says CR Cement'... |
Lower revenues and higher costs hurt QNCC net profit05 March 2013, Published under Cement NewsQatar National Cement (QNCC) reported a seven per cent decline in 2012 net profit on the back of lower revenues and higher costs. Net profit for the 12 months to the end of December 2012 fell to QAR425.31m (US$116.8m) while revenues were down three per cent to QAR964.28m. The company also registered an eight per cent rise in selling and distribution costs to QAR8.64m, general and administrative expenses were up by seven peer cent and an impairment loss of five Located at Umm Bab, 82km ... |
Vicem Hoang Mai Cement seeks to raise 2013 pretax target, Vietnam05 March 2013, Published under Cement NewsVicem Hoang Mai Cement JSC is seeking approval from its parent company Vietnam Cement Industry Corporation (Vicem) to revise its 2013 pretax target upwards by 4.65 per cent. The company hopes to raise its target to VND90bn (US$4.29m) from the initial VND86bn, its chief accountant, Tran Minh Son, told the Dau Tu Chung Khoan newspaper. Last year Hoang Mai Cement achieved a net profit of VND112.72bn (US$5.39m) on revenue of VND1.53trn last year, down 13 and up 8.07 per cent, respectively. |
Holcim04 March 2013, Published under Cement NewsHolcim's turnover increased by 3.9 per cent in 2012 to CHF21,544m, while in euro terms the increase was 6.4 per cent to EUR17,867m but in US$ terms there was a 1.3 per cent decline. The operating EBITDA improved by 6.2 per cent to CHF4223m (EUR3502m) before restructuring costs, post which the advance was a mere 0.7 per cent to CHF3984m (EUR3304m). The trading profit fell by 6.2 per cent to CHF1816m (EUR1,506m), though before exceptional items it was ahead by 10.6 per cent to CHF2552m (EUR2,1... |
Lafarge04 March 2013, Published under Cement NewsLafarge's turnover increased by 3.5 per cent in 2012 to EUR15,816m and the EBITDA improved by 7.2 per cent to EUR3450m. The trading profit showed a 12 per cent recovery EUR2440m and net financial charges increased by a further 3.2 per cent to EUR1031m, following the 40.3 per cent jump in the previous year. Other net charges, notably a further EUR200m reduction in the value of assets in Greece, totalled EUR488m, a decline of 3.2 per cent, giving a pre-tax profit of EUR921m, a 36.2 per cent re... |
Cemex04 March 2013, Published under Cement NewsCemex' turnover eased by 1.5 per cent in 2012 to US$14,983.8m, but the EBITDA did improve by 10.2 per cent to US$2614.7m and the trading profit advanced by 35.3 per cent to US$1308m, having recovered by 12.2 per cent in the previous year from its low point. The net interest charge continued to rise and was ahead by five per cent to US$1420.4m, but 'other' items turned positive, giving a pre-tax loss that was more than halved to US$444.9m, and the net attributable loss fell by 54.5 per cent t... |
Italcementi04 March 2013, Published under Cement NewsItalcementi's turnover declined by 3.8 per cent last year to EUR4480.1m, or by 4.9 per cent on a comparable basis. Group cement shipments were 6.6 per cent lower at 45.9Mt and the turnover from cement and clinker was off by three per cent to EUR2903.5m, with cement volumes being down in Europe and in the Middle East, but improving elsewhere. In concrete and aggregates, turnover fell by 7.8 per cent to EUR1280.3m as shipments of aggregates fell by 10.8 per cent to 34Mt and ready-mixed concret... |