Cement News tagged under: Production costs
Raysut sees sharp fall in operating profit06 May 2015, Published under Cement NewsOman-based Raysut Cement Co said operating profit fell sharply by 26.7 per cent in the first quarter of 2015 due to a doubling of the price of natural gas supplied by the government and rising transportation costs. Group operating profit fell to OMR6.02m from OMR8.23m in the same period of 2014. "This is mainly due to the increase in natural gas price by the government to US$3 per MMBtu from US$1.5 per MMBtu effective 1 January 2015 and increase in other costs," Raysut Cement said in its d... |
Holcim Indonesia's 1Q15 revenue declines on weak demand05 May 2015, Published under Cement NewsHolcim Indonesia recorded a decline in sales revenue of five per cent to IDR2.25trn in the first three months of the year, as volumes were down by seven per cent, reflecting the contraction in domestic demand over the period. Net income dropped to IDR32.7bn (US$2.5m) in the January-March period from IDR323.6bn in the same quarter last year. National demand for cement fell to 13.9Mt compared to four per cent growth (or 14.3Mt) over the first quarter last year. In addition, at the ... |
Siam Cement earnings' preview: robust quarter expected20 April 2015, Published under Cement NewsThai conglomerate SCC is expected to report a strong net profit of THB10.2bn (US$315m) in the first quarter of 2015, up 21 per cent YoY and 15 per cent QoQ, according to estimations by SCB Securities. “We continue to like SCC for several reasons: 1) it benefits from low oil price via wider spreads and cheaper fuel costs and from a weak baht as a net exporter; 2) 2Q15 profit will continue strong, 3) solid three-year earnings growth of 16 per cent,” the research house stated. First qua... |
Challenging year in store for Holcim Indonesia?11 March 2015, Published under Cement NewsHolcim Indonesia will be challenged by tighter competition and high debt levels that could spike costs this year, according to a report by Bahana Securities has said after the cement producer announced 30 per cent lower profits last year. Indonesia's third-largest cement producer saw its net profit plunge to IDR668.35bn (US$50.69m) in 2014 from IDR952.11bn in 2013, as costs soared, despite an increase in revenues which were up 8.67 per cent YoY. However, the rise in revenues was could not... |
Dangote Cement02 March 2015, Published under Cement NewsDangote Cement has sent a team of experts to Nepal to study the feasibility of opening a cement plant there. The team is reportedly looking into sites in the Makawanpur and Dhading Districts where the company intends to open a 6000tpd cement plant by June 2017. Nepal currently consumes around 3.5Mta of cement, but this is expected to grow to 6Mta by 2020. In Ghana the worsening power crisis has forced Dangote to buy fuel for its standby generators, increasing its production costs. Accord... |
Lucky Cement first-half profit up 8.5%23 February 2015, Published under Cement NewsPakistan's leading cement producer, Lucky Cement, reported a profit after tax of PKR5.6bn (US$55.1m) during the first half of FY14-15 versus PKR5.16bn a year earlier. During the six-month period, net sales rose nine per cent YoY to PKR21.4bn. The increase is attributed to a 9.2 per cent uptake in sales volumes to 2.02Mt, a 2.24 per cent improvement in exports to 1.23Mt and a 2.91 per cent rise in net retention. According to Al Habib Capital Markets, Lucky Cement's margins remained sta... |
Raysut full-year profit dips, Oman09 February 2015, Published under Cement NewsRaysut Cement reported full-year net profit of OMR27.42m (US$71.22m), 0.4 per cent lower than the OMR27.52m posted in the previous year. Revenue rose 1.1 per cent to OMR94,29m from OMR93.29m, according to a company filing with the Muscat Securities Market on Thursday. A research note by Gulf Baader Capital Markets (GBCM) said the company’s revenue was in line with estimates but earnings was below its forecast of OMR28.8m. According to GBCM, group sales volumes came in at 3.8Mt but ... |
SCCC 4Q14 profit declines05 February 2015, Published under Cement NewsSiam City Cement Co (SCCC) reported a decline 4Q14 profit after as its margin was further squeezed by higher power costs and a maintenance shutdown and weak domestic demand. Thailand’s second-largest cement procure posted a 4Q14 normalized profit of only THB642m (US$19.7m), down 26.5 per cent YoY and 39.6 per cent QoQ. The results are attributed to 1) lower domestic demand, but volumes were partly mitigated by an increase in exports following the reopening of Kiln Line 1; 2) a fall in gros... |
HeidelbergCement expects positive earnings impact on falling prices20 January 2015, Published under Cement NewsHeidelbergCement AG expects the falling oil prices to have a positive effect on the company`s earnings in 2015, a company spokesperson told German weekly Euro am Sonntag. The low fuel prices will have a positive impact on the company’s energy costs, the spokesperson said. In November, the global cement major said its third-quarter operating income before depreciation (OIBD) increased by 10 per cent to EUR866m thanks in part to price increases and declining energy prices. |
India Cements: INR370kg/bag isn't viable23 December 2014, Published under Cement NewsProducing cement in southern India at the current price of around INR370 (US$5.83)/50kg is not viable, according to N Srinivasan, India Cements' vice-chairman and MD. Against a background of falling demand, interest, freight and other manufacturing costs were steadily increasing, pushing cement producers into losses. “Cement is treated as a commodity, but it is actually a manufactured product but doesn’t get the benefits of a manufactured product,” he said. “Over the last eight years, ... |