Cement News tagged under: Results
DG Khan reports strong rise in 9MFY12 net profit19 April 2013, Published under Cement NewsDG Khan Cement Company (DGKC) registered a net profit of PKR4.2bn (US$42m) compared to PKR2.1bn in the first nine months of the fiscal year, an increase of 105 per cent. Revenues increased by nine per cent YoY during the period due to higher price realisations while the cost of sales stayed relatively controlled mainly due to lower coal prices, and were up only one per cent YoY. This enabled the company to record a gross margin of 38 per cent compared to the 33 per cent recorded in the sam... |
Attock Cement quarterly profit higher on increased prices, Pakistan17 April 2013, Published under Cement NewsPakistan-based producer Attock Cement reported a 40 per cent rise in profit during the January-March 2013 quarter, driven by higher prices. Profit rose to PKR520m (US$5.3m) during the period compared to PKR371m in the corresponding period of 2012. With cement demand subdued during the winter period, the advance was attributed to increased prices. Cement prices averaged PKR438/bag (US$4.45) against PKR402 in the corresponding quarter of 2012. Additionally, federal excise duty was reduced by... |
Tangshan Jidong Cement net profit drops 88.19%, China16 April 2013, Published under Cement NewsTangshan Jidong Cement net profit drops 88.19 per cent, China Co Ltd net profit slumped 88.19 per cent, the company said in a statement. Operating revenue slid 7.09 per cent YoY to CNY14.61bn (US$2.36bn), with basic earnings per share of CNY0.13. The company plans to pay a cash dividend of CNY1 (including tax) for every ten shares held. Jidong Cement plans to produce 72Mt of cement in 2013, a YoY increase of 20 per cent. |
Saudi Cement net profit rises on improved efficiency16 April 2013, Published under Cement NewsSaudi Cement Company said net profit in the first quarter of 2013 rose 4.5 per cent YoY, attributed to an increase in output thanks to improved operating efficiency. Net profit for the three months ending 31 March 2013 reached SAR340.3m (US$90.6m), compared to SAR325.6m posted in the same period of last year. The increase was also a 22.5 per cent rise on the SR277.7m recorded in the previous quarter, the company said in a filing to the Saudi bourse. The QoQ advance was attributed to in... |
Yamama Cement 3Q net profit remains flat YoY10 April 2013, Published under Cement NewsSaudi cement producer Yamama Cement Company said yesterday that according to preliminary results, its net profit stood at SAR277m (US$73.9m) for the first quarter of 2013, almost unchanged from SAR278m a year ago due to lower prices. The earnings per share remained stable at SAR1.37. Gross profit declined to SAR293m from SAR300m. |
Yanbu Cement 1Q13 net profit surges on expansion, Saudi Arabia09 April 2013, Published under Cement NewsYanbu Cement announced that, according to preliminary figures, its net profit for the first quarter of 2013 surged by 70 per cent YoY, on the back of increased capacity. Net profit for the three months to the end of March 2013 rose to SAR247m (US$65.9m) according to the preliminary data. Earnings per share stood at SAR1.57, up from SAR0.92. "The increase in the current quarter profit compare with the same quarter for the previous year due to increase in sales quantity due to start Line... |
Goldman Sachs upgrades Titan, Greece05 April 2013, Published under Cement NewsGoldman Sachs has upgraded Titan Cement Co to neutral from sell, Dow Jones reports. While the investment bank remains cautious on Titan's end markets in the near term, it says consensus FY13/14 EBITDA expectations have decreased by 10 per cent year-to-date and there is no longer such a significant difference versus Goldman's estimates. Titan's turnover recovered by 3.6 per cent last year to EUR1130.7m, following the 19.2 per cent drop in the previous year. The EBITDA, however, continued ... |
Vicem Hoang Mai Cement posts first-quarter loss04 April 2013, Published under Cement NewsVicem Hoang Mai Cement JSC (HOM) has posted a first quarter loss of VND10bn (US$476,100) attributed to increased costs. The company closed 2012 with a net profit of VND112.72bn (US$5.39m) on revenue of VND1.53trn last year, down 13 per cent and up 8.07 per cent YoY, respectively. HOM is seeking approval from its parent company, Vietnam Cement Industry Corporation o revise up its 2013 pretax profit target by 4.65 per cent to VND90bn (US$4.29m) from the initial VND86 billion. |
Al Abbas Cement announces name change, Pakistan04 April 2013, Published under Cement NewsPakistan-based producer Al Abbas Cement has officially changed its name to Power Cement, the company informed the Karachi Stock Exchange yesterday. The company operates a cement plant in Nooriabad, Dadu, with a clinker and cement capacity of 0.9Mta and 0.95Mta, respectively. According to its half-yearly report (July-December 2012) it has reduced accumulated losses from PKR2.184m as at the end of December 2011 to PKR1.412m at the end of 2012. Gross profit increased by PKR144.549m compar... |
Votorantim Cimentos sees gains in Brazil, USA03 April 2013, Published under Cement NewsVotorantim Cimentos’ turnover was nine per cent higher at BRL9800m (US$4.85bn) in 2012 and the EBITDA improved by around 11 per cent to BRL3200m. In Brazil, both volumes and prices were up by four per cent, while in North America volumes improved by 17 per cent and prices by 12 per cent. "The combination of a favorable market alongside the opening of new factories and mills allowed a four per cent increase in sales volume in Brazil, reaching 24Mt. The average price of cement rose fou... |