Cement News tagged under: Results
Credit Suisse lowers China Shanshui Cement target price22 March 2013, Published under Cement NewsCredit Suisse lowered its target price for China Shanshui Cement to HK$4.2 from HK$5.5, and maintained its "neutral" call. The house expects unit gross profit to soften in 2013 to CNY65/t due to moderate supply pressure in Shandong, combined with depressed margins in Shanxi and Xinjiang (13 per cent of 2013 sales). Credit Suisse said its recent visit to Shandong also suggests 2Q2013 construction demandmay disappoint versus expectations. The house slightly reduced its 2013 earnings by three... |
ARM Cement boosted by higher sales21 March 2013, Published under Cement NewsARM Cement, Kenya's second-largest producer, has reported an eight per cent advance in 2012 net profit and says it expects improved profitability on the back of new capacity. Formerly known as Athi River Mining, the company said in a statement that net income advanced to KES1.25bn (US$14.6m) in the first 12 months of December. Cement sales rose 64 per cent after its market share increased in Kenya, Rwanda and Tanzania. That helped turnover increase by 39 per cent to KES11.4bn. For the f... |
Lafarge Pakistan Cement swings to profit20 March 2013, Published under Cement NewsLafarge Pakistan Cement (LCP) has earned a net profit after tax of PKR1.488bn (US$15.17m) for the year ending 31 December 2012, compared to a loss of PKR118.42m in the previous year. Net sales rose PKR9.624bn last year from PKR7.804bn, reflecting a growth of 23.32 per cent. The cost of sales stood at PKR6.44bn against PKR6.148bn in 2011. The company incurred distribution costs of PKR225m and administrative expenses of PKR627n compared to PKR246m and PKR487m, respectively, the year before. ... |
West China Cement sees 2012 net profit jump20 March 2013, Published under Cement NewsWest China Cement Ltd has reported a rise in net profit and operating revenue for 2012 and says it expects an improved operating environment going forward due in part to increased infrastructure demand. Net profit for the group jumped 44.9 per cent YoY in 2012 to CNY360m in 2012 and operating revenue grow 10.5 per cent YoY to CNY3.52bn. Cement sales volumes grew by 28 per cent, including sales from the newly constructed Danfeng Line 2 Plant during its trial production period, compared to ... |
Cimpor's restructuring gives temporary lower numbers19 March 2013, Published under Cement NewsCimpor's turnover from continuing activities declined by an underlying 3.1 per cent to EUR1510m and compares with the actual EUR2275.3m shown in 2011 on the old structure. The comparable EBITDA eased by 3.3 per cent to EUR464.7m and compares with an actual EUR616.0m. The trading profit came off by 4.8 per cent from EUR321.2m to EUR305.8m, whereas a year ago EUR372.8m was shown. Net financial charge which a year earlier had amounted to EUR80.9m was re-defined as EUR46.8m and almost tr... |
Chinese producers report declines in net profit19 March 2013, Published under Cement NewsThree China-based cement producers have reported declines in net profit and operating revenue for 2012. China Shanshui Cement reported a 31.8 per cent decline in net profit to CNY1.52bn during the year. Operating profit slid 4.2 per cent YoY to CNY16.16bn, with basic earnings per share of CNY0.54. United Cement Group Corp, a centrally government-run cement company, saw a 65 per cent drop in net profit for 2012 to HK$26.83m while operating revenue was down three per cent YoY to HK$705m.... |
TPCC reports 22% rise in net profit, Tanzania18 March 2013, Published under Cement NewsTanzania Portland Cement Company Ltd (TPCC), part of HeidelbergCement, posted a 22 per cent increase in net profit despite competition from regional imports. Net profit for the year to December 2012 rose to TZS1.57bn (US$968m) from TZS50.6bn in 2011. Turnover increased 15 per cent to reach TZS249.11bn compared to 217.25bn recorded in the year before. The cost of sales was pushed up by double digit high inflation rates and energy tariffs rising to TZS126.7bn against TZS117.7bn registered in ... |
Dyckerhoff net profit down on European markets18 March 2013, Published under Cement NewsBuzzi Unicem's subsidiary Dyckerhoff has confirmed that net profit in 2012 fell as declines in Europe could not be offset by volume increases in Russia and the USA. The German-based cement major said in a release on Friday that net attributable profit for the year fell 59.2 per cent from the year before to EUR26.9m. Group EBITDA of fiscal year 2012 amounted to EUR 284.2m including one-time one-time effects of EUR4.8m mainly from the sale of a real estate property in Memphis, US. Positive on... |
Gansu Qilianshan Cement sales up 29%15 March 2013, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd sold 15.25Mt of cement and cement clinker in 2012, representing a YoY increase of 29.16 per cent, sources reported. The company currently has a cement production capacity of 21.3Mta which it aims to raise to 45Mta by the end of 2015. |
HeidelbergCement reduces debt, profit edges ahead14 March 2013, Published under Cement NewsGerman cement major HeidelbergCement reported increases in revenue and operating income in 2012 as well as a significant reduction in net debt. Revenue for the 12 months to December 2012 improved by nine per cent to EUR14bn. Operating income climbed nine percent to EUR1.613bn, benefiting from price increases, exchange rate effects and the successful implementation of the "FOX 2013" savings programme. Operating income before depreciation or OIBD increased seven per cent to EUR2.48bn. Pr... |