Cement News tagged under: 1H17

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Tanzania Portland Cement Co posts 45.6% profit fall in 1H17

01 September 2017, Published under Cement News

Tanzania Portland Cement Company (TPCC), part of the HeidelbergCement group, posted a 45.6 per cent drop in first-half profit after increased competition forced down local cement prices. TPCC reported net profit of TZS12.35bn (U$5.5m), down from TZS22.71bn a year ago. The producer's revenue of TZS119bn was down 16 per cent YoY, Chairman Hakan Gurdal said in a statement. Mr Gurdal added that the decline was mainly because of the lower prices in an increasingly competitive market. Mr Gu...

Dangote Cement's 1H17 revenues rise by 41%

31 July 2017, Published under Cement News

Dangote Cement has released its 1H17 results, announcing group revenues of NGN412.7bn (US$1.31bn), up 41.2 per cent, and an EBITDA of NGN203.7bn, up 53.7 per cent. In Nigeria total cement demand reached 10.2Mt in January-June 2017, according to Dangote estimates. This represents a 23.2 per cent contraction when compared with 1H16, when demand was estimated at 13.3Mt. Of total market sales in the 1H17, just 0.1Mt was imported. As a result of the fall in domestic cement consumption, Dang...

Titan 1H17 turnover reached €773.8m up 6.9%

28 July 2017, Published under Cement News

Τitan Group's 1Q17 results saw consolidated turnover was EUR773.8m (US$905.4m), posting a 6.9 per cent increase compared to the 1H16. EBITDA increased by 18.9 per cent, reaching EUR142.1m. Net profit after minority interests and the provision for taxes increased by 51.4 per cent and stood at EUR13.9m, versus a net profit of EUR9.2m in the respective period of 2016. Consolidated turnover for the second quarter increased by 6.7 per cent to EUR412m. EBITDA grew by 19.5 per cent to reach EUR9...