Cement News tagged under: business results
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... |
Nigeria: Ashaka trebles profit in 1H1411 August 2014, Published under Cement NewsNigerian Lafarge subsidiary Ashaka Cement has reported a 1H14 profit after tax of NGN3.51bn (US$21.5m), a 201 per cent increase than its 1H13 figure of NGN1.15bn. Pretax profits at the company surged 166 per cent YoY from NGN1.65bn to NGN4.39bn in 1H14. The stellar rise in profit figures has been attributed partly to Ashaka's switch to coal from the Maiganga Coal Mine in Gombe State, a significantly cheaper alternative in its power generation. This resulted in a reduction of production co... |
Lafarge06 August 2014, Published under Cement NewsThe proposed merger with Holcim is likely to result in the sale of Lafarge's operations in Romania, Germany, the Mannersdorf works in Austria, the wholly-owned operations on Réunion and the interest in the Lafarge Tarmac joint venture, though one of its cement works might be taken back into full ownership. The future of the assets in The Philippines and Brazil have yet to be agreed with the relevant competition authorities. Lafarge has agreed the sale its 76.9 per cent holding in Lafarge P... |
Cemex06 August 2014, Published under Cement NewsCemex' first-half turnover improved by 5.7 per cent to US$7.737bn and EBITDA edged ahead by 1.5 per cent to US$1.27bn, while the trading profit improved by 4.5 per cent to US$721.5m. Net interest payments rose by 15.1 per cent to US$841.4m and, after other charges, there was a pretax profit of US$49.2m compared with a US$118.9m loss. At the net attributable level, the loss fell by 49.1 per cent to US$220.3m. Equity shareholders' funds at the end of June declined by 2.6 per cent to US$10.4... |
Italcementi06 August 2014, Published under Cement NewsItalcementi's first-half turnover declined by six per cent to EUR2.048bn, but running EBITDA did improve by 2.2 per cent to EUR304.8m. Helped by a 6.2 per cent reduction in the amortisation and depreciation charge, the trading profit improved by 27.7 per cent to EUR99.8m. A 66.5 per cent jump in financing costs, largely related to interest rate derivatives and derivatives on CO 2 hedging, led to a net financial charge of EUR75.1m. After contribution from associates and impairment char... |
Molins more than doubles first-half profit30 July 2014, Published under Cement NewsCementos Molins recorded a profit of EUR17.9m in the first half of 2014, effectively more than doubling its 1H13 figure, on the back of its international business, said the company. The cement company increased its overseas profit by 2.9 per cent to EUR31.6m, but its Spanish subsidiaries recorded a EUR13.6m loss, 39 per cent below the 1H13 level. In the first six months of 2014, consolidated turnover fell 6.7 per cent to EUR248m. In Spain, revenues increased 10.7 per cent due to improved... |
Ashaka Cement 1Q14 profit after tax rise 69%05 May 2014, Published under Cement NewsAshaka Cement's 1Q 2014 results showed that profit before tax and profit after tax grew strongly by 74 and 69 per cent to NGN2.8bn (US$17.5m) and NGN1.9bn, respectively when compared to 1Q13, according to Nigerian Stock Exchange data. Sales were up by eight per cent to NGN6.5bn. |
Eagle Materials boosted by acquisition05 February 2014, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2013 rose by 37.2 per cent to US$757m. The trading profit before corporate overheads increased by 67.5 per cent to US$184.7m, of which cement contributed 41.9 per cent. The trading profit advanced by 96.8 per cent to US$166.3m. After a net interest charge 27.6 per cent higher at US$14.2, the pre-tax profit jumped by 107.3 per cent to US$152m and the net pr... |
Lafarge03 October 2013, Published under Cement NewsLafarge has agreed the sale of its 53.3 per cent stake in its Honduras subsidiary Lafarge Cementos SA de CV to Cementos Argos for €232m, subject to the necessary official approvals. This represents an historic EBITDA multiple of 8.6. The company's assets include one integrated cement works with a capacity of 1Mta and an additional grinding centre with a 0.3Mta capacity. Lafarge Cement Zimbabwe saw first-half turnover decline by 6.1 per cent to US$32.2m and the EBITDA was off by 3.8 per ce... |