Cement News tagged under: Results

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Vicat reports 4% growth in consolidated 9M17 sales

07 November 2017, Published under Cement News

Vicat’s 9M17 sales reached EUR1.92bn (USD2.22bn) versus EUR1.87bn a year earlier, reflecting a 4 per cent rise at constant scope and exchange rates. On a reported basis, the group’s sales rose 2.9 per cent compared with the same period of 2016. These results were supported by a 4 per cent pick-up in sales at constant scope across all Vicat’s regions, except for West Africa. The negative currency effect was -4 per cent, predominantly a result of the depreciation in the Egyptian pound and Tu...

Eagle Materials Inc 2Q fiscal 2017 cement volumes rise

26 October 2017, Published under Cement News

Eagle Materials Inc reported that in its financial results for the 2Q fiscal 2017, ended 30 September 2017, cement volumes were up 12 per cent, including the Fairborn business, while the Texas Lehigh cement joint venture volumes were down six per cent. The company also benefitted from cement prices being up seven per cent overall.   Second-quarter EBITDA increased five per cent, reflecting the financial results of the recently-acquired cement plant in Fairborn, Ohio, and related assets (the...

Cimpor's 1H volumes down 2.7 per cent

14 September 2017, Published under Cement News

Cimpor reported that first-half 2017 EBITDA growth in Argentina, Paraguay and South Africa, and to a lesser extent Portugal, mitigated adverse operating environments in the company’s other group regions. Sales of EUR921m (US$1.096bn) rose 2.6 per cent YoY. An average price adjustment of 10 per cent offset lower volumes.  EBITDA of EUR166m was 2.6 per cent lower compared to 1H16 on the back of non-recurring costs. Excluding these items, EBITDA remained stable. Cement and clinker volumes...

Maple Leaf FY17 net profit dips

14 September 2017, Published under Cement News

Pakistan-based Maple Leaf Cement Factory Ltd (MLCF) reported a net profit of PKR4.77bn in FY17, a decline of two per cent on a YoY basis. Revenue was up by two per cent YoY to PKR24.0bn for FY17. Finance costs of the company declined by 27 per cent YoY to PKR318m during FY17.  Along with the results the company also announced a final cash dividend of PKR1.75/share taking cumulative DPS to PKR3.75/share (compared to a DPS of PKR4.0 in FY16).  

Attock Cement reports flat 4Q earnings, full-year rise

13 September 2017, Published under Cement News

Pakistan cement producer Attock Cement posted flat net earnings in 4QFY17 of PKR796m (US$7.5m) against the same period of last year, the company said in a note to the Pakistan Stock Exchange. The result took full-year earnings in fiscal 2016-17 to PKR3.303bn, up five per cent YoY versus PKR2.89bn in the previous fiscal. Revenue in FY17 rose by six per cent YoY to PKR14.7bn thanks to a rise in cement dispatches to 2.08Mt. However, margins remained stagnant at 40 per cent as coal pri...

Lafarge Malaysia Bhd reports 2Q loss

30 August 2017, Published under Cement News

Lafarge Malaysia Bhd posted a net loss of MYR44.09m (US$10.3m) in its second quarter of 2017, compared to a net profit of MYR18.36m in the corresponding period amid weaker domestic demand in its cement segment  higher competition. Revenue dropped 19 per cent YoY to MYR531.77m from MYR658.8m, according to its Bursa Malaysia filing. “The situation was further exacerbated by the greater operating costs from higher fuel and electricity cost. This quarter’s loss was partially mitigated by a ...

Bamburi posts decline in half-year profit

29 August 2017, Published under Cement News

Bamburi Cement posted a 36 per cent decline in its half-year net profit to KES1.8bn (US$17.4m) compared to a KES2.8bn recorded in the first six months of 2016. Turnover stood at KES17.5bn which is KES1.6bn behind prior year while operating profit reduced from KES4.1bn to KES2.7bn. Management attributed the decline to a difficult business environment in Kenya characterised by a contracting market, low private sector investment resulting in a slump in construction activity, especially in ...

CMS reports rise in 2Q net profit

29 August 2017, Published under Cement News

Cahya Mata Sarawak Bhd's (CMS) net profit jumped to MYR64.73m (US$15.2m) in the second quarter ended June this year from MYR7.9m in the same period a year ago. The increase is mainly attributed to lower handling costs, cheaper imported clinker bricks and lower clinker production costs brought about by the stable production and lower coal prices in the cement, construction and road maintenance, construction materials and trading divisions as well as improved sales in the property developme...

China Tianrui attributable profit surges

29 August 2017, Published under Cement News

China Tianrui Group Cement Co said its profit attributable to owners for the six months ended 30 June 2017 surged 175 per cent YoY to CNY489m (US$74m). Revenue amounted to CNY3785m, an increase of 22.3 per cent from a year earlier. Gross profit grew 51.3 per cent YoY to CNY1174m. Gross profit margin increased to about 31 per cent in the first half of 2017 from 25.1 per cent in the same period of 2016. The increase in gross profit margin was primarily due to the significant increase in the...

Spotlight on CRH

25 August 2017, Published under Cement News

CRH reported 'satisfactory growth' in the first half of this year, with stabilising trends seen in key European markets and EBITDA growth in the Americas more than offsetting reduced activity in Asia due to a challenging market environment in the Philippines. First-half trading highlights for the international building materials group include sales of EUR13bn, two per cent ahead of 2016 and one per cent ahead on a like-for-like basis. EBITDA of EUR1.175bn were up by five per cent YoY and t...