Cement News tagged under: FY15
CRH outlook improves with construction activity07 April 2016, Published under Cement NewsStrong American and European construction activity has prompted JP Morgan Cazenove to hike its rating on cement maker CRH. The investment bank upgraded the London-listed group's rating from 'neutral' to 'overweight', as it believes the company's valuation is 'relatively attractive'. A respectable performance from the FY15 results together with a better-than-expected outlook commentary across the sector has encouraged analysts to see a bright future for CRH, which has been rapidly expanding... |
Buzzi Unicem releases FY15 results24 March 2016, Published under Cement NewsBuzzi Unicem reported recurring EBITDA of EUR121m for 4Q15 and EUR473m for the full-year 2015. This is above earlier guidance of EUR470m as well as consensus estimate of EUR468m, says analysts Morgan Stanley. Compared to the Morgan Stanley's 4Q15 segmental forecast, the strong performance came from the US, Germany and Russia where the reported EBITDA margins were much higher than analyst expectations. However, this was offset by a particularly weak performance in Italy due to one-off costs ... |
LafargeHolcim: synergies and net debt targets exceeded in 201517 March 2016, Published under Cement NewsLafargeHolcim’s FY15 results show a 4Q15 net loss of CHF2.86bn (US$2.94bn), including CHF3bn impact of asset impairment and other charges. The company’s net debt level was recorded at CHF17.3bn (US$17.8bn), while 4Q15 cash flow was CHF813m (US$839.6m) after adjusting for one-off items of CHF166m. The group’s 4Q15 results were impacted by challenges in the markets of Brazil, Switzerland, China, Indonesia, Zambia, Nigeria and Azerbaijan. Lower CO 2 revenues and adverse foreign exchange movem... |
Pakistan: Fauji Cement earnings rise 57% in FY1503 September 2015, Published under Cement NewsFauji Cement Company Limited (FCCL) boosted its net earnings by more than a half to PKR4bn (US$39m) in FY15, the company’s financial results revealed on Tuesday. Higher margins coupled with a decline in finance cost helped the company earn an after-tax profit of PKR4.1bn or PKR2.9/share in FY15, up 56.7 per cent compared to PKR2.6bn or PKR1.8/share of the last fiscal year. The Rawalpindi-based cement manufacturer also approved a final cash dividend of PKR1.5 per share, taking the total pay... |
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