Cement News tagged under: Malaysia

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Malaysia: YTL Corporation Bhd full-year pretax profit down 15.7% YoY

24 August 2015, Published under Cement News

YTL Corporation Bhd's pre-tax profit for the financial year ended 30 June 2015 fell to MYR2.37bn (US$562m) from MYR2.81bn a year earlier. Revenue decreased to MYR16.8bn from MYR19.3bn previously, the company said in a filing to Bursa Malaysia On its outlook, YTL Corp expects to achieve overall satisfactory performance for the financial year ending 30 June 2016 in construction, information technology and e-commerce businesses, cement manufacturing and trading, property investment and develo...

CMS sees strong start to the year, Malaysia

18 June 2015, Published under Cement News

Caha Mata Sarawak Bhd (CMS) reported a total revenue of MYR491m (US$132.3m) for the first quarter of 2015, an increase of 32 per cent from MYR373.24m a year earlier. Pretax profit of MYR95.01m in 1Q15 was 44 per cent up on the MYR66.19m in 1Q14. Profit after tax and non-controlling interests increased by 48 per cent to MYR57.42m from MYR38.9m in 1Q14. Earnings per share stood at 5.52 sen versus 3.81 sen (adjusted for share split and a bonus issue in June 2014) from the corresponding perio...

Bangladesh, Indonesia, Philippines top Vietnamese importers in first four months

26 May 2015, Published under Cement News

Bangladesh, Indonesia, the Philippines and Taiwan remained among major importers of Vietnamese clinker and cement in the first four months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 2.62Mt of cement worth US$100.24m from Vietnam in the period, while Indonesia came second with 937,982t worth US$42.39m and the Philippines ranked third with 468,419t worth US$18.43m. Following on, Taiwan consumed 346,396t worth US$14.81m and Ma...

Lafarge Malaysia first-quarter pretax profit rises, construction outlook 'positive'

21 May 2015, Published under Cement News

Lafarge Malaysia Bhd's pretax profit for the first quarter to the end of March 2015 rose to MYR99.36m (US$27.6m) from MYR97.19m in the same quarter of last year. Revenue advanced by three per cent to MYR696.09m versus RM676.63m in the same period of last year due to higher cement and concrete sales in the domestic market on the back of market growth, it said in a filing to Bursa Malaysia today. "The outlook of the construction sector is expected to remain positive this year driven mainl...

CMS Bhd 1Q pretax profit up 44%, Malaysia

21 May 2015, Published under Cement News

Sarawak-based Cahya Mata Sarawak Bhd (CMSB) reported a 44 per cent rise in pretax profit for the first quarter of 2015 to MYR95.01m, driven by its Construction & Materials Trading, Cement and Construction & Road Maintenance divisions. The Cement division reported a pretax profit of MYR29.37m for 1Q15, exceeding the previous year (MYR20.44m) by 44 per cent. The Construction Materials & Trading Division recorded a pretax profit of MYR30.32m in 1Q15, a 145 per cent increase versus MYR12.38m ...

CMS grinding unit on track for 2016 commissioning

06 May 2015, Published under Cement News

A new grinding plant by the CMS Group is progressing well with trial production scheduled for the end of 2015, according to the group's managing director. Richard Curtis told the Star Online that the 1Mta new facility, situated adjacent to the group’s clinker plant in Mambong, Sarawak, is due for commissioning in the first quarter of 2016. Upon completion, this third grinding plant for the group will raise cement capacity for the group by almost 60 per cent. CMS, Sarawak’s sole cemen...

CMS earnings boosted by cement division, Malaysia

02 March 2015, Published under Cement News

CMS Bhd earnings rose by 26 per cent to MYR221.34m (US$61m) in the year ending 31 December 2014, from MYR175.07m from a year earlier, boosted by its cement division. Revenue increased by 18 per cent to MYR1.67bn from MYR1.42bn m a year earlier.  Pretax profit increased by 16 per cent to MYR341.45m from MYR294.89m. The cement division recorded a pretax profit of MYR120.48m, up 25 per cent  compared to MYR966.7m. Fourth quarter earnings slipped 32.7 per cent to MYR43.94m from mYR65.34 . P...

Malaysia: Tasek Corp full-year profit ahead

18 February 2015, Published under Cement News

Tasek Corporation Bhd's net profit rose 11.86 per cent to MYR105.4m (US$29.1m) compared to MYR93.90m a year earlier despite heightened competition. Revenue rose to MYR656.06m compared to MYR121.04m in 2013. The Malaysia based cement producer attributed the better to performance to higher domestic cement demand and improved ready-mix concrete prices. “The ongoing mass rapid transit projects and light rail transit line extensions are expected to continue leading the construction sector’s gro...

Bangladesh, Indonesia and Malaysia remain Vietnamese top importers

23 January 2015, Published under Cement News

Bangladesh, Indonesia and Malaysia were the top importers of Vietnamese clinker and cement exports last year, the Vietnamese Ministry of Industry and Trade said on its website. Bangladesh took the lead after importing 8.39Mt of cement worth US$323m from Vietnam last year, while Indonesia came second with 2.65Mt worth US$123m and Malaysia ranked third with 1.28Mt worth US$62m. Following on was the Philippines with 1.15Mt worth US$44.26m, and Chile with 566,797t worth US$31m. Vietnam e...

Lafarge Malaysia contract win and new mill purchase positive

30 December 2014, Published under Cement News

Lafarge Malaysia’s recently-awarded MYR254m (US$72.6m) concrete supply contract and its purchase of a cement mill from Lafarge Ciment (Romania) are being viewed as positive for the company by Hong Leong Investment Bank (HLIB). The research house said the five-year contract to supply the Refinery and Petrochemicals Integrated Development project and other Petronas-related projects in Pengerang, Johor, is in line with its positive outlook on the company. Meanwhile, the mill and ancillari...