Cement News tagged under: Dispatches
Semen Indonesia full-year net profit falls24 February 2016, Published under Cement NewsPT Semen Indonesia Tbk reported an 18.7 per cent drop in 2015 net profit to IDR4.52trn (US$336.56m) versus IDR5.56trn a year earlier. In its financial report published Tuesday, the company's 2015 revenues totalled IDR26.95trn, virtually flat from the IDR26.99trn in 2014 amid sluggish demand. The company's president director Suparni attributed the fall in net profits to the increase in electricity and distribution costs, as well as the depreciation of the rupiah against the US dollar, lo... |
Pakistan: Cherat Cement 1HFY16 profit rises 6%12 February 2016, Published under Cement NewsPakistan producer Cherat Cement Co reported a profit after tax of PKR676.2m (US$6.48m) in the first half of FY16 versus PKR639.8m a year earlier, which translates to a six per cent YoY rise. The company reported stable dispatches (+1 per cent) stemming from rising domestic sales which were up by 13 per cent YoY. The advance in local dispatches was attributed to an acceleration in private sector construction activity and the partial materialisation of the projects under the government's bu... |
Domestic sales drive Pakistan dispatch growth08 February 2016, Published under Cement NewsPakistan cement dispatches increased by 6.38 per cent to 21.3Mt in the first seven months of the current fiscal compared to 20Mt in the corresponding period of FY14-15, according to the All Pakistan Cement Manufacturers Association. The increase is attributed to robust growth in domestic dispatches, which rose by 15 per cent YoY to 17.9Mt. Exports, on the other hand, declined by almost a quarter to 3.4Mt from 4.5Mt a year earlier. Closer analysis of domestic dispatches shows shipments f... |
Philippines: double-digit rise in cement sales04 February 2016, Published under Cement NewsCement sales in the Philippines increased by a strong 14.4 per cent YoY in 2015 to 24.36Mt, according to figures by the Cement Manufacturers' Association of the Philippines (CeMAP). CeMAP president Ernesto Ordoñez said the increased sales was brought about by the large budget by Public Works Department for infrastructure development, private sector confidence in government and new housing projects with low interest rates. Favourable weather conditions with reduced rains during the year a... |
Indonesia: exports offset slower domestic sales22 January 2016, Published under Cement NewsCement industry statistics show that full-year 2015 consumption in Indonesia increased by 0.8 per cent YoY to 60.4Mt, while including exports, sales were up by 2.1 per cent to 61.448Mt. While December 2015 showed a rise in Indonesian sales (+2 per cent including exports) the full-year figures are only modestly higher due to the poor sales in the earlier months of 2015. Exports (with a full-year increase of +209.9 per cent) offset relatively slow domestic sales. The country's largest c... |
Vicem sales climb 4.2% in 201519 January 2016, Published under Cement NewsState-owned Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, said it sold about 22.97Mt of cement and clinker in 2015, rising 4.2 per cent from a year ago and fulfilling 96.3 per cent of the whole-year’s target. Of the volume, 20.87Mt of cement and clinker were sold in domestic market, up 11.2 per cent YoY, and 2.1Mt were exported, down 35.9 per cent. In 2015 Vicem’s clinker production climbed 3.8 per cent YoY to 17.12 Mt, while its cement output rose ... |
Saudi Cement Co reports drop in 4Q profit19 January 2016, Published under Cement NewsSaudi Cement Co reported a 32.8 per cent drop in fourth-quarter net profit on account of lower sales and an impairment charge for two kilns. In the three months to the 31 December 2015, the cement producer posted a net profit of SAR180m (US$48.03m), down from SAR268m in the corresponding period of 2014, the company said in a bourse filing. The drop was attributed to lower sales, and booking an impairment for two kilns at its Hofuf plant. The company had said last month it would book a SAR... |
Canada cement production down 12.2% MoM18 January 2016, Published under Cement NewsCement manufacturers in Canada produced 1.11Mt of cement products in November, down 12.2 per cent from October, according to the country's national statistical agency. Data from Statistics Canada show domestic cement shipments fell 15 per cent from October to 1.08Mt in November. Including imports, shipments were down 19.9 per cent to 1.10Mt. |
Vietnam sales up three per cent in 201515 January 2016, Published under Cement NewsCompanies in Vietnam sold 72.71Mt of cement and clinker in 2015, rising three per cent from a year earlier and exceeding the whole-year target by one per cent, the country's Ministry of Construction said. Of the total, 56.5Mt of cement were sold at the domestic market, up 11.1 per cent YoY, while 16.25Mt were exported, falling 17.3 per cent YoY and failing to realise the full-year export target of 20Mt. During the year the two cement plants were inaugurated, raising the total number of ... |
Bestway boosted by Pakcem contribution14 January 2016, Published under Cement NewsBestway Group of the UK, parent company of Pakistan's largest cement producer, announced that its consolidated turnover for the year ending 30 June 2015 increased by 20 per cent to GBP3.06bn from GBP2.55bn in 2014. Profit before tax for the year ended 30 June 2015 was up 39.9 per cent to GBP373.8m from GBP267.1m in 2014. All group businesses continued to be profitable, the group noted. Commenting on the results, group chief executive, Zameer Choudrey, CBE, said: “The past financial year has... |