Cement News tagged under: Quarterly Results

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India: Mangalam Cement returns to profit with 1QFY16-17 results

08 August 2016, Published under Cement News

Mangalam Cement, part of India’s Birla Group, has published its business results for the first quarter of FY16-17. These see the company return to profit after reporting a loss of INR205m (US$3m) in FY15-16. In the three months to June 2016, Mangalam Cement made a profit of INR226m (US$3.4m) as compared to an INR205m (US$2.8m) loss in the same period last year. Total revenues were up by 5.5 per cent to INR2.25bn (US$33.7m), while expenses were down by 17 per cent to INR1.86bn (US$27.9m).

India: JK Cement quarterly results

08 August 2016, Published under Cement News

Compared to its performance in the corresponding quarter last year, JK Cement Ltd reported significant growth in both net profit and net sales. The company reported a standalone net profit of INR608.5m (US$9.1m)for the quarter ended 30 June 2016, in comparison to just INR10.5m (US$157,275) last year according to a BSE filing made by JK Cement. The company’s net sales increased to INR8.87bn (US$132.8m). JK Cement is the second-largest manufacturer of white cement in India, with a capaci...

LafargeHolcim 2Q16 results

05 August 2016, Published under Cement News

LafargeHolcim released its second quarterly results today, which reported net sales of CHF7.28bn (US$7.47bn). Adjusted operating EBITDA (excluding merger, restructuring and other one-offs) increased six per cent like-for-like in the quarter to CHF1.7bn (US$1.75bn). Net income increased CHF318m (US$326.5m) to CHF452m (US$464m) for the first half of the year and the group's annual divestment target of CHF3.5bn (US$3.59bn) was exceeded. CEO of LafargeHolcim, Eric Olsen, said, “Our focus on p...

Qatar Cement signs US$100m deal with Saudi investors

02 August 2016, Published under Cement News

The Qatar National Cement Company has agreed a US$100m financing deal with Samba Financial Group of Saudi Arabia, the Peninsula newspaper reports. The investment deal will be used to part-fund Qatar Cement’s fifth integrated plant, construction of which is already underway at a total cost of QAR950m (US$260m). The new plant will have a clinker capacity of 17,000tpd and grinding capacity of 20,000tpd. Qatar Cement also released its earnings statement for the first half of 2016. This ove...

Saudi Arabia: Eastern Province Cement Q2 profits fall 46%

28 July 2016, Published under Cement News

Eastern Province Cement Company’s net profits dropped 46.2 per cent YoY to SAR50m (US$13.3m) in 2Q16, compared to SAR93m (US$24m) in the same period in 2015.This decrease is attributed to lower operating profit, lower sales as local demand weakens and higher production costs. The company’s profits also fell 23 per cent in the first half of 2016 to SAR137m (US$36.5m) compared to profits of SAR178m (US$47.4m) in the first half of 2015.

India: Ambuja and ACC report profit rises for 2Q16

27 July 2016, Published under Cement News

LafargeHolcim’s Indian subsidiaries ACC and Ambuja Cements have both reported an increase in profits for the second quarter of 2016. In the three months to June, Ambuja Cements’ net sales were up only modestly, climbing 1.9 per cent to INR25.4bn (US$378m), but profits rose much faster. These reached INR4bn (US$59.4m), a rise of 76.5 per cent YoY. Ambuja’s increased profits were mainly driven by lower power and fuel costs. Over two-thirds of the higher profit margins can be traced to th...

HeidelbergCement India sees revenue rise by 7.2%

25 July 2016, Published under Cement News

In its earnings statement for 1QFY16-17, HeidelbergCement India reported that its revenues rose by 7.2 per cent YoY, while net profits rose from INR34.4m (US$0.5m) to INR262.6m (US$3.9m). According to reports in Mint, the company has benefitted from lower fuel and electricity prices as well as rising demand. While revenues exceeded market expectations, operating profits were below forecast. Buoyant demand will help to sustain revenues, but high capacity utilisation of around 80-85 per ...

Oman Cement’s 1H16 profits up 25%

13 July 2016, Published under Cement News

Oman Cement has announced its profits are up by a quarter YoY for the 1H2016. In the first six months of the year, the company made a profit of OMR6.8m (US$17.7m), Muscat Daily reports. Total revenue was up by 15 per cent, at OMR31.5m (US$81.7m). The performance marks a recovery for Oman Cement after a poor trading year in 2015, but profits are still below their levels in the first six months of 2014.

Egypt: Qalaa 1Q16 losses

07 July 2016, Published under Cement News

Qalaa Holdings recorded a 1Q16 net loss of EGP242.7m (US$27.3m), greater than the losses of EGP112.2m (US$12.6m) seen in the same period last year, as reported by news organisation Zawya Ltd. Total revenues saw a 20 per cent increase YoY in 1Q16 compared to the adjusted EGP1.44bn reported for 1Q15. Comparative 1Q15 figures have been adjusted to reflect the divestment of ASEC Minya, ASEC Ready Mix, Ashreq, Misr Qena Cement, Rashidi El-Mizan and Tanmeya, eliminating the figures of divested ...

PPC sees six-month revenues and volumes flat

14 June 2016, Published under Cement News

In its trading figures for the six months to 31 March 2016, PPC saw its operating profits fall by three per cent to ZAR733m (US$48m). Revenues were flat at ZAR4501m (US$294m), down one per cent on the same period in 2015. Likewise, volume sales were down one per cent overall, although in South Africa volumes rose by one per cent. Despite higher volumes, revenues in South Africa fell due to lower prices, while in the rest of Africa revenues rose by six per cent to ZAR1367m (US$89m). This f...