Corporate

31 October 2014

Semen Indonesia 9M14 profit up 4.9%

Semen Indonesia, the country's leading cement producer, recorded a net profit of IDR4.09trn (US$336.3m) in the first nine months of this year, a 4.9 per cent increase from the IDR3.9trn recorded a year earlier. The state-owned producer’s revenues surged by 10.9 per cent during the Ja...

31 October 2014

SCCC results hurt by weaker domestic demand, higher SG&A expenses

Siam City Cement (SCCC), Thailand’s second-largest cement producer, posted a 3Q14 net profit of THB1.06bn (US$33m), down 13 per cent YoY and 29 per cent QoQ hurt in part by weaker domestic demand as well as higher Se...

31 October 2014

Pakistan: Lucky Cement first-quarter profit up 4.8%

Lucky Cement Ltd, Pakistan’s leading cement producer, saw a 4.8 per cent rise in net profit for the first quarter of the current Pakistan fiscal to PKR2.669bn (US$26m). Earnings per share (EPS) during the July-Septe...

30 October 2014

Holcim and Cemex sign binding agreements on European transactions

Holcim and Cemex have signed binding agreements regarding the series of transactions in Europe originally announced last year. The main scope of the transactions in Germany and the Czech Republic remain unchanged, bu...

30 October 2014

Lafarge Africa 9M14 pretax profit drops 41.2%

Lafarge Africa said its pretax profit for the first nine months of this year dropped by 41.2 per cent YoY to NGN38.08bn (US$231m). Revenue, however, rose to NGN159.39bn from NGN154.78bn previously, the company said...

30 October 2014

Cementos Argos 3Q14 net profit jumps 69%

Cementos Argos, Colombia’s leading cement producer, posted a 69 per cent jump in net earnings for the first nine months of the year to COP217.5bn (US$111m), boosted by higher US sales. The company reported EBITDA of...

29 October 2014

Fauji Cement first-quarter profit edges ahead

Pakistan-based producer Fauji Cement on Tuesday announced a net profit of PKR602m (US$5.8m) during the first quarter (Jul-Sep) of the current fiscal, up three per cent YoY. Earnings per share increased to PKR0.45 ...

30 October 2014

Eagle Materials reports record 2Q volumes

Eagle Materials' first-half turnover to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, increased by 15.2 per cent to US$616.78m. The trading profit advanced by 2...

29 October 2014

Siam Cement 3Q net profit down 20% YoY

Siam Cement said on Wednesday its third-quarter net profit dropped 20 per cent YoY due to weak demand for construction materials. Thailand’s largest industrial conglomerate posted July-September net profit of THB7.8...

30 October 2014

Martin Marietta boosted by TXI acquisition

Martin Marietta Materials, with a three-month contribution from Texas Industries (TX)I, increased turnover by 30.5 per cent to US$2101.6m in the first nine months of the calendar year, while EBITDA almost doubled by ...

29 October 2014

Saudi Arabia: Tabuk third-quarter profit down 24%

Tabuk Cement Co recorded SAR21.6m (US$5.76m) net profit in the third quarter of 2014, a decline of 23.94 per cent YoY from SAR28.4m. On a quarterly basis, net earnings were down 49.88 per cent from SAR43.1m. In th...

30 October 2014

Holcim and Lafarge formally notify EC

Lafarge and Holcim have formally notified the European Commission (EC) of their proposed merger to obtain regulatory approval and have made slight changes to the list of assets being disposed in Europe. During the p...

30 October 2014

CIMAT to invest in new kiln and grinding plant

Following the strong demand in the Gabon cement market, domestic producer CIMAT will install “a latest-generation kiln with a production capacity between 3600-4000tpd. The installation will be in line with intern...

30 October 2014

Peru: Cementos Pacasmayo profits fall 17% in 3Q14

Cementos Pacasmayo reported a YoY drop in net profit of 17 per cent for 3Q14 as cement dispatches fell due to the deceleration in Peru’s economy. In the July-September quarter, the company’s profit fell to PEN40.5...

30 October 2014

CNBM to acquire stake in Shanshui Cement

China National Building Material Co (CNBM) is set to acquire a 20 per cent stake in Shanshui Cement Group for HK$1.56bn (US$201m). Shanshui Cement will sell 563.2M new shares at HK$2.77 each, according to a statemen...

28 October 2014

Kohat Cement 1QFY15 net profit up 11% YoY

Pakistan-based producer Kohat Cement posted a net profit of PKR683m (US$6.6m) in the three months to the end of September 2014, up 11 per cent YoY. The company attributed the higher earnings to better income on cas...