Cement News tagged under: 2Q17

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Ramco reports 2Q17 net profit of US$26m

03 November 2017, Published under Cement News

Ramco Cements has reported a drop in net profit during the 2Q17-18, due to tough local market conditions in Tamil Nadu and increasing operating costs driven by increasing power, fuel and transportation costs. The company reported a net profit of INR168.520 (US$26m) on a total revenue of INR10.73bn. Transportation and handling costs increased to INR2107m. Power and fuel costs increased to INR1725.4m while finance costs were down at INR172.7m. During the quarter, the company sold 2.15Mt, inc...

Orient Cement reports 2Q17 net profit of US$1.57m

03 November 2017, Published under Cement News

Orient Cement (CK Birla group) reported a net profit of INR101.5m (US$1.57m) in the second quarter ended 30 September. The company had reported a net loss of INR293.9m in the year-ago quarter, Orient Cement said in a BSE filing. Revenue from operations was at INR5230.7m during the quarter under review as against INR4449.3m in the same period last fiscal. Total expenses during the second quarter were at INR5139.3m as compared to INR4957.8m in the corresponding period last fiscal, t...

Steppe Cement 2Q17 revenues rise 27%

11 October 2017, Published under Cement News

Steppe Cement announced that its 2Q17 revenue of KZT9312m (US$27.7m) was 27 per cent higher than the KZT7316m achieved in the corresponding quarter in 2016. Sales volumes reached 685,745t during the third quarter, a 12 per cent increase from the 3Q16 due to good clinker output and stock availability. For the nine months ended 30 September 2017, Steppe Cement Ltd recorded a revenue of KZT17,865m compared with KZT15,506m in the corresponding nine-month period in 2016, representing a ...

USGS reports strong 2Q17 for US construction materials

19 September 2017, Published under Cement News

The US construction materials industry saw output increase by a considerable margin in the 2Q17, reports the US Geological Survey's Mineral Industry Survey. The combined production of construction materials (cement, construction sand and gravel, crushed stone, and gypsum) in 2Q17 was 46 per cent higher compared with that in the 1Q17. The USGS states that the results were due to cyclical seasonal fluctuations but was slightly lower than that in the second quarter of 2016.

CIMB Equities Research encouraged by Lafarge Malaysia's 2Q17 performance

11 September 2017, Published under Cement News

CIMB Equities Research is maintaining a 'Hold' verdict on Lafarge Malaysia. The research entity said on Monday it had raised its target price to MYR6.34 (US$1.50) from MYR5.50 (US$1.30). CIMB Research said it came away from Lafarge’s post-2Q17 results briefing last week with positive expectations of a gradual recovery in domestic cement demand, but it remains cautious on the earnings outlook for 2H17. Higher operating cost, sustained competitive pressure and restructuring costs could im...