Cement News tagged under: Results
Colombia’s Argos closes 2012 with 25% rise in EBITDA26 February 2013, Published under Cement NewsArgos, Colombia’s largest cement producer, recorded a 25 per cent YoY rise in EBITDA in 2012 and an 82 per cent rise in operating income. The group, which also operates in the Caribbean and US, reported EBITDA of COP791,190m and operating income was COP414,566m. After incorporating the cement and concrete assets acquired in the southeastern US, consolidated revenues reached COP4,380,393m. "We traded in 10.8Mt of cement and 8.5Mm3 of concrete in Colombia, the Caribbean and the United S... |
Holcim Indonesia sees strong gains in full-year net profit26 February 2013, Published under Cement NewsHolcim Indonesia has reported a 27 per cent jump in 2012 net profit on a strong rise in revenue. Net income for the 12 months to the end of December reached IDR1.35trn (US$139m), the company said in a filing to the Indonesian Stock Exchange on Monday. Revenue rose 20 per cent to IDR9trn. Production costs, however, also increased at a faster rate and were up 23 per cent YoY to IDR5.66trn. |
Lafarge improves operational performance25 February 2013, Published under Cement NewsFull-year 2012 results published by global cement major Lafarge showed strong growth in emerging markets and improvements in operational performance, and it now expects to meet most of its cost-cutting goal one year ahead of target. Lafarge's turnover increased 3.5 per cent last year to EUR15,816m and EBITDA by 7.2 per cent to EUR3450m. The trading profit showed a 12 per cent recovery to EUR2440m while pretax profit was also ahead by 36.2 per cent. However, net profit declined by 27.2 per... |
Adelaide Brighton posts modest rise in net profit, Australia22 February 2013, Published under Cement NewsAustralian building materials producer Adelaide Brighton has posted a 3.8 per cent rise in net profit as mining and resources projects in certain regions offset weakness in residential and commercial construction. In the 12 months to 31 December, the company recorded a net profit of AUD154.1m from AUD148.4m the year before, driven by mining and resource projects in South and Western Australia and the Northern Territory. A weak residential market in Victoria hit cement sales while depr... |
Fauji Cement swings to profit, Pakistan22 February 2013, Published under Cement NewsFauji Cement reported a rise in net profit in the first half of FY13 compared to a loss in the same period of last year. The Pakistan-based producer also reported a strong rise in revenue due to higher selling prices. The company reported a net profit of PKR0.923bn in the first half of the current fiscal compared to a loss of PKR0.102bn in 1HFY12. Revenue reached PKR7.567bn in the period, up by 77 per cent compared to PKR4.257bn in FY12 thanks to a better pricing environment. Prices we... |
Sanghi Industries 2QFY13 sales up 26%22 February 2013, Published under Cement NewsSanghi Industries reported a 26 per cent rise in turnover for the second quarter of the year ended 31 December to INR286.3 crore. According to reports in the Business Standard of India, Sanghi Cement's net profit rose to INR21.6 crore in the second quarter as against a net profit of INR3 crore in the corresponding quarter of the previous fiscal. For the first half of the year, net profit stood at INR 39.8 crore against a net loss of INR 34.3 crore in the first half of the last year. Comme... |
Holcim Croatia posts operating loss amid challenging market conditions21 February 2013, Published under Cement NewsHolcim Croatia posted an operating loss of around HRK18.8m (EUR2.5m) last year as the domestic cement industry continues to face difficulties, and the near-term outlook for demand growth remains negligible. "The negative trends that have gripped the construction sector in the past four years and the problems with the collection of claims because of the generally poor liquidity in the country strongly influenced Holcim Croatia's business last year," SeeNew quoted Holcim Croatia CEO Mario G... |
Tasek 4Q net profit falls 71% on pricing pressure, Malaysia19 February 2013, Published under Cement NewsTasek Corporation Bhd reported a 71 per cent YoY drop in fourth-quarter 2012 net profit, mainly due to a lower performance of its cement division as a result of pricing pressures and increased competition. Net profit in the three months to 31 December 2012 fell to MYR26.09m from MYR44.60m the year before. Revenue, however, fell marginally by MYR1.6m to MYR564.5m due to lower sales of clinker and ready-mix concrete. Group pretax profit fell by MYR13m to MYR119.3m the year before due to an ... |
Raysut Cement’s 2012 net profit rises 64.1%, Oman18 February 2013, Published under Cement NewsRaysut Cement, Oman’s largest cement producer, reported a 64.1 per cent YoY growth in net profit for 2012 and revenues also increase fuelled by increasing demand. Net profit for the 12 months to the end of December 2012 reached OMR24.5m (US$63.6m) against OMR14.95m reported in 2011 as RCC booked an investment gain of OMR1.36m. Revenues also rose 10.7 per cent to OMR92.8m from OMR83.81m in the same period of last year. Oman’s cement sector, which was earlier facing problems because of t... |
India: JK Lakshmi hit by slower demand, higher costs18 February 2013, Published under Cement NewsJK Lakshmi has reported subdued performance for the third quarter of the current fiscal year due to high freight costs and flat growth in dispatches. Profits declined by 16 per cent to INR41 crore YoY in the quarter ending December 2012 and lower construction activity led to a 2.7 per cent increase in dispatches. Rising diesel and freight costs also negatively affected results and, due to lower demand, the company was unable to pass on costs to consumers. JK Lakshmi, which operates... |