Cement News tagged under: Adelaide Brighton

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Cement Australia stake up for sale?

21 March 2016, Published under Cement News

One of the two main shareholders of Cement Australia is reported to consider a potential sale of its 50 per cent stake, according to market sources. The value of Cement Australia is being discussed at US$800m, according to reports in Business Spectator. One theory suggests that Holcim could carry out the divestment ahead of plans to sell of its US$3bn Australia and New Zealand division to Adelaide Brighton in light of its merger with Lafarge. However, the deal would be subject to appr...

Adelaide Brighton predicts 2015 sales gain

28 May 2015, Published under Cement News

Australian construction materials group Adelaide Brighton says cement and clinker product sales volumes should be "similar to or greater than" levels in the prior year. Lime sales, which declined 7.7 per cent in 2014 after a downturn in the gold sector, were also anticipated to be similar or slightly higher than last year. The group told shareholders at today's annual general meeting that after last year's acquisitions, Adelaide Brighton was expecting to book around $4.4m worth of syn...

Adelaide Brighton reports record net profit

27 February 2015, Published under Cement News

Adelaide Brighton reported record sales and net profit after tax of AUD1337.8m and AUD172.7m, respectively, for the year ended 31 December 2014. Revenue increased 8.9 per cent and net profit by 14.3 per cent YoY. Adjusting for a number of one-off items, underlying net profit after tax of AUD166.5m was 8.5 per cent higher than 2013. EBIT increased 11.1 per cent to a record AUD247.5m on an EBIT margin of 18.5 per cent. Earnings were aided by net significant items of AUD2.3m. Excluding the...

AdBri secures Western Australia supply agreement

16 February 2015, Published under Cement News

Adelaide Brighton has secured an ongoing supply agreement with a cement customer in Western Australia for a term of three years until 31 December 2017, the company announced in a statement today. Adelaide Brighton currently supplies approximately 50 per cent of the customer’s requirements in Western Australia under the current agreement which expired at the end of last year. Martin Brydon, CEO of Adelaide Brighton said: “We are delighted to have secured the continued supply of cement to t...

Adelaide Brighton confirms contract renewal

09 December 2014, Published under Cement News

Adelaide Brighton announced that it has extended a supply agreement to a major cement customer in South Australia. The current agreement which expires at the end of December 2014, has been extended on similar terms until theend of December 2015. Chief Executive Officer, Martin Brydon, said: “This is a positive outcome for Adelaide Brighton and we are pleased to have secured ongoing supply to this major South Australian customer.”

Deutsche Bank upgrades Adelaide Brighton, Australia

10 October 2014, Published under Cement News

Deutsche Bank has upgraded Australian building materials supplier Adelaide Brighton to hold from sell, citing recent share price underperformance. However, Deutsche continues to have concerns around the potential for more contract losses. The broker says Adelaide Brighton is trading on a multiple of 13.3 times earnings – broadly in line with its historical 12-month ratio of 12.9 times.  "Upside risks include better pricing outcomes for lime and cement and a faster-than-expected improvement ...

AdBri 1H net profit falls, revenue edges ahead

28 August 2014, Published under Cement News

Adelaide Brighton reported a 3.9 per cent rise in first-half revenue to AUD602m, as improved pricing and increased cement from the residential sector on the eastern seaboard offset a decline in project volumes in South Australia and a reduction in lime sales volumes. The company reported a net profit for the half year ended 30 June 2014 of AUD51.2m, down 15.9 per cent compared to the same period of last year. Adjusting for significant items, underlying net profit of AUD61.2m was 2.9 per...

Adelaide Brighton acquires Penrice quarry, Australia

29 July 2014, Published under Cement News

Adelaide Brighton has acquired the Penrice limestone quarry in Angaston for an undisclosed price. The quarry, which had been placed into voluntary administration in April, will now become a key raw materials supplier to Adelaide Brighton’s lime and cement plant in Angaston. “The quarry acquisition represents a strong strategic fit for Adelaide Brighton by securing a high quality marble deposit for the supply of raw material to the company’s Angaston plant for lime and off-white cement man...

Australia: calls for Adelaide Brighton Cement licence review

07 July 2014, Published under Cement News

Adelaide Brighton's Birkenhead cement plant is coming under pressure for tighter regulation on its environmental performance. Greens leader, Mark Parnell, says data provided by Adelaide Brighton to the National Pollutant Inventory shows big rises in emissions of oxides and dust.  Mr Parnell said its emissions of sulphur dioxide alone have nearly trebled since 2009-10, according to a report on ABC News. This has prompted calls for the cement company to have its licence reviewed before it ex...

AdBri forecasts flat demand and net profit

22 May 2014, Published under Cement News

Australia-based producer, Adelaide Brighton, said it expects profit to be flat for this year and cement and clinker demand also to be similar to 2013. Chief executive, Martin Brydon, told shareholders at the company's annual general meeting in Adelaide that excluding certain items, both first half net profit and full year net profit in 2014 would be similar to those of 2013. "First half 2014 net profit after tax is expected to be similar to the same period in 2013, excluding a net restr...