Cement News tagged under: business results
Morocco: Lafarge turnover slips 2.1% in 1H1416 September 2014, Published under Cement NewsLafarge’s Moroccan subsidiary, Lafarge Ciments, saw turnover in 1H14 slip by 2.1 per cent to MAD2.56bn (US$298m) as prices and a favourable product mix only partially offset by 3.6 per cent a 4.4 per cent decline in sales. Consolidated net income was down 5.1 per cent to MAD725m. For the second part of the year, cement demand is expected to remain weak and Lafarge is forecast to see its turnover down 1.5 per cent. |
CRH03 September 2014, Published under Cement NewsCRH's first-half turnover advanced by four per cent to EUR8324m and EBITDA improved by 27.2 per cent to EUR505m. The trading profit jumped from EUR41m to EUR171m and after a net interest charge 2.7 per cent higher at EUR150m, the pretax result went from a loss of EUR71m to a EUR61m profit. The net attributable result went from a EUR57m loss to a EUR46m profit. Net debt at the end of June was 11.6 per cent lower at EUR3703m, giving a gearing level of 39.9 per cent, which compares with 38.8 pe... |
Vicat03 September 2014, Published under Cement NewsVicat's first-half turnover increased by 6.1 per cent to EUR1217.8m, which amounts to a 10.8 per cent advance on a comparative basis. EBITDA was ahead by 3.1 per cent to EUR207.7m and the margin narrowed from 17.5 per cent to 17.1 per cent. The trading profit, however, improved by 9.4 per cent to EUR115.2m, an underlying increase of 15.8 per cent. After a net financial charge 38.2 per cent higher at EUR29.7m and a 20 per cent decline in the income from associates to EUR1.7m, the pretax profi... |
Cimpor03 September 2014, Published under Cement NewsCimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pretax profi... |
Buzzi Unicem03 September 2014, Published under Cement NewsBuzzi Unicem's first-half turnover improved by 2.7 per cent to EUR1180.7m and EBITDA rose by 27.7 per cent to EUR138.5m. The depreciation and impairment charges include EUR30.9m in respect of writing off the goodwill in the Ukraine. The first-half trading profit recovered from EUR3.1m to EUR14.1m and the interest charge declined by 1.2 per cent to EUR47m and the pretax loss was reduced from EUR26m to EUR11.1m. After a tax charge 9.1 per cent higher at EUR9.7m and a minorities charge 25.3 pe... |
Lafarge03 September 2014, Published under Cement NewsLafarge's 89 per cent-owned subsidiary Heracles General Cement Company has announced a 9.3 per cent increase in turnover to EUR123.4m for the first six months of 2014 and EBITDA loss was reduced from EUR118.5m to EUR4.1m. The net loss after tax declined from EUR108.8m to EUR17.5m. Heracles' cement volumes increased by 11.7 per cent during the period as domestic deliveries showed a strong recovery from very low levels. |
China National Building Materials (CNBM)03 September 2014, Published under Cement NewsDisappointing growth in investment in China, particularly in real estate development, has resulted in a significant slowdown in cement demand in the first half of 2014. As a result, cement prices also took a tumble in the second quarter. For China National Building Materials (CNBM), the first six months of this year have seen only marginal growth in demand with sales volumes of cement and clinker increasing from 124Mt in 1H13 to 133Mt in 1H14. Revenue over the same period rose from CNY50.... |
PT Indocement03 September 2014, Published under Cement NewsPT Indocement has reported a three per cent increase in domestic sales volumes to 8.97Mt in 1H14, compared to the same period in 2013. Export sales volumes of cement came in seven per cent higher at 36,000t while clinker exports tumbled from 44,000t in 1H13 to just 7000t in the first half of this year. Over the period net revenue increased by 6.5 per cent to IDR9498.56bn while EBITDA fell by 5.8 per cent to IDR3202.19bn. The company has announced plans to invest US$150m in two new greenfi... |
Anhui Conch Cement Co03 September 2014, Published under Cement NewsAnhui Conch has posted a 22 per cent YoY increase in revenue to US$4.68bn in 1H14. Net profit was also up by an impressive 90 per cent to US$945m, on the back of increased sales volumes and prices. Over the same period, the company saw aggregate net sales volumes of cement and clinker rise by 9.85 per cent YoY to 114Mt. In the first half of 2014 Anhui Conch has continued its expansion by acquiring four cement projects, commencing work on three clinker production lines and as many as 10 gri... |
UltraTech Cement03 September 2014, Published under Cement NewsIn the first quarter of this financial year, UltraTech Cement has recorded a 14 per cent rise in net sales to INR5649 crore. During the period the company sold 11.7Mt of grey cement and clinker as the capacity utilisation rate improved to 84 per cent, compared to 76 per cent in the same period last year. Looking ahead the company is forecasting a 25 per cent increase in turnover in this financial year to INR25,000 crore as the country enjoys growing cement demand on the back of a boost in ho... |