Cement News tagged under: business results
3Q14 results: Cemex’ gearing stands at 157%24 October 2014, Published under Cement NewsDuring the first nine months of the year, Cemex’ turnover increased by 4.6 per cent to US$11,870.9m while the EBITDA was 1.8 per cent higher at US$2037.1m. The trading profit advanced by 24.2 per cent to US$1150.2m and the net interest charge rose by 11.2 per cent to US$1266.6m. The pretax result went from a US$174.3m loss to a profit of US$132.2m. A 7.1 per cent lower tax charge led to a net attributable loss 44.5 per cent lower at US$325.9m. The net debt at the end of September was 1.8 per... |
Cemex: Colombia and Panama boost 3Q14 results23 October 2014, Published under Cement NewsCemex Latam Holdings SA (CLH) reported consolidated net sales of US$1.324bn during 9M14, reflecting a three per cent YoY rise. Net sales experienced a three per rise drop in 3Q14 when compared to 3Q13 as revenues from housing solutions projects were lower. After adjusting for this effect, consolidated net sales rose by five per cent during 9M14 and by six per cent in 3Q14, on a YoY basis. Carlos Jacks, CEO of CLH, said: “During the third quarter we continued to enjoy a favourable demand en... |
Saudi Cement posts stable 3Q profit22 October 2014, Published under Cement NewsSaudi Cement reported a modest rise in 3Q net profit from SAR229m (US$61m) to SAR232m in the year-ago period, according to a bourse filing. The company attributed the rise to improved efficiencies although quarterly cement sales fell due to declining domestic demand. |
Trinidad Cement 9M14 revenues rises TTD97.2m21 October 2014, Published under Cement NewsTrinidad Cement Ltd (TCL) has seen its revenues rise by TTD97.2m (US$15.4m) in the first nine months of 2014. Revenues increased to TTD1.587bn from TTD1.49bn when compared with the same period last year. Profit after taxes amounted to TTD63.7m compared with TTD78.9m in the prior-year period. The advance has been attributed to growth in the domestic cement markets of Trinidad and Jamaica while price increases in Trinidad, Jamaica and Guyana also contributed to the positive result. |
UltraTech sees 47% rise in net profit20 October 2014, Published under Cement NewsUltraTech Cement reported a 47 per cent YoY increase in its consolidated net profit to INR4.16bn (US$67.9m) for July-September, driven by a strong volume growth of 11 per cent and additional volumes from Jaypee’s cement units acquired last year. In July-September 2013, the company’s net profits reached INR2.83bn. Revenues for the period rose from INR48.49bn in 2013 to INR57.72bn in 2014. On a stand-alone basis, the Mumbai-based cement producer posted a net profit of INR4.1bn for the quart... |
Sagar Cement posts INR2.82 net profit20 October 2014, Published under Cement NewsIndia-based reported a net profit of INR2.82bn in the quarter ended 30 September 2014, compared with a INR115m loss the previous year. The cement maker’s revenues rose by 23.6 per cent to INR1.25 in the July-September quarter. The other income of the cement company included INR3.49bn profit that was realised from the sale of its stake in tthe joint venture with Vicat group. |
Votorantim03 October 2014, Published under Cement NewsVotorantim Industrial increased its first-half turnover by 9.2 per cent to BRL13,427m (EUR4450m). Of this, Brazil represented 60.9 per cent or BRL8161m, a nine per cent advance. The EBITDA jumped by 25.4 per cent to BRL3011m (EUR998m) and the net attributable income went from a loss of BRL108m to a BRL522m (EUR173m) profit. Capital expenditure in the period was reduced by 21 per cent to BRL976m (EUR324m), while the net debt was reduced by 4.5 per cent to BRL17,093m (EUR5666m). Of the seco... |
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... |