Eagle Materials improves cement profit

Eagle Materials improves cement profit
Published: 29 January 2016


Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31  December 2015 increased by 3.5 per cent to US$973.9m.

The trading profit before corporate overheads declined by 16.4 per cent to US$206.4m, of which cement contributed 56.2 per cent compared with 39.1 per cent a year earlier. The group trading profit was off by 18.4 per cent to US$179.8m. After a net interest charge 6.4 per cent higher at US$12.8, the pretax profit fell by 19.8 per cent to US$166.9m and the net profit emerged 19 per cent lower at US$113.4m. Shareholders' funds at the end of December, however, were 7.8 per cent higher than a year earlier at US$1,049.3m and the gearing level emerged at 52.2 per cent compared with 54.7 per cent a year prior.





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