Cement News tagged under: Results
Oman Cement net profit rises 37% in 201223 January 2013, Published under Cement NewsOman Cement Company announced a 37 per cent rise in net profit in 2012 following a rise in revenue. Net profit for the 12 months to December 2012 climbed to OMR17.5m (US$45.5m) from OMR12.8m from the year before. Revenue rose to OMR59.3m in 2012 from OMR50.7m the year before. Total expenses stood at OMR39.6m, up from OMR36.2m. Oman’s cement sector, which had previously been experiencing problems due to a dampening of demand in the UAE cement sector, registered positive growth in 2012 t... |
Shree Cement sees jump in third-quarter net profit, India22 January 2013, Published under Cement NewsIndia-based producer Shree Cement reported a 267 per cent rise in net profit to INR2174.4m (US$40.4m) for the third quarter of FY12-13 compared to INR591.9m in the same period of last year. Total income increased by 20.46 per cent to INR14.60bn for the quarter ended 31 December 2012 from INR12.12bn for the same period the year before. Net sales increased by 19.5 per cent INR14.28bn for 3QFY12-13 compared to INR11.95bn in 3QFY11-12. Shree Cement has a cement production capacity of 13.4... |
UltraTech 3Q hurt by subdued demand, higher freight costs21 January 2013, Published under Cement NewsIndia’s largest cement manufacturer UltraTech Cement reported a 2.6 per cent fall in net profit for the third quarter of the current fiscal as a slowdown in construction activity continued and the company was hit by higher freight costs. For the October-December period of FY12-13, UltraTech reported a net profit of INR6.01bn (US$111.7m), down from INR6.17bn a year ago. The company said domestic sales of grey and white cement were subdued at 9.62Mt and 2.62Mt, respectively. Freight and ... |
Saudi Cement posts 31.4% rise in 4Q12 net profit16 January 2013, Published under Cement NewsSaudi Cement Co posted a 31.4 per cent rise in its fourth-quarter net profit, fuelled by higher local demand, it said in a bourse statement on Tuesday. The firm made a net profit of SAR277.7m (US$74m) in the three months compared with SAR211.4m in the same period of 2011. Operating profit rose 36.8 per cent to SAR300.9m, an increase from SAR220m in the final quarter of 2011. |
BBMG Corp sees fall in net profit on lower prices, China16 January 2013, Published under Cement NewsBBMG Corporation said its preliminary net profit attributable to shareholders dropped 26.48 per cent YoY to CNY2.52bn (US$405) in 2012 mainly due to a decline in selling prices for its products. The Chinese cement producer said basic earnings per share were CNY0.59, a decline of 27.16 per cent from a year earlier. Total operating revenue was CNY33.29bn, representing a YoY rise of 15.83 per cent. Operating profit fell 21.7 per cent to about CNY2.8 billion. |
Jiangxi Wannianqing expects 60-70% profit fall, China15 January 2013, Published under Cement NewsJiangxi Wannianqing Cement Co Ltd estimates that its net profit decreased 60-70 per cent YoY in 2012, compared with a net profit of CNY506m (US$81.4m) in 2011. The company Shenzhen-listed producer of cement and clinker, |
Vicem net profit rises 36% YoY11 January 2013, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) said it made a net profit of VND660trn (US$31.62bn) in 2012, rising by 36 per cent from a year earlier, despite a fall in domestic demand and economic difficulties. The corporation sold more than 20Mt of cement in 2012, rising by nine per cent YoY and contributed VND1trn to the state budget, up eight per cent YoY. Vicem has control over production levels at the majority of Vietnam’s cement plants, including many Joint-Stock Companies (JSC) a... |
Mixed bag of Q3FY13 earnings for Indian cement producers10 January 2013, Published under Cement NewsA weakness in cement prices and softening demand in the region is expected to hit Q3FY13 earnings of some of India’s cement producers. Only ACC and Ambuja are forecast to record a YoY earnings growth, says research house Jefferies. Grasim, ICEM and UltraTech are predicted to see more modest earnings. Ambuja should benefit from a 1.2 per cent YoY rise to 5.8Mt in cement and clinker volumes. Average realisation is anticipated to improve nine per cent YoY, largely cancelling out the two per ... |
Yamama Cement 2012 sees 2012 net profit rising 10.5%, Saudi Arabia08 January 2013, Published under Cement NewsSaudi Arabia cement producer Yamama Cement Co’s estimated net profit for 2012 rose to SAR818m (US$218.1m), a rise of 10.5 per cent from SAR740m a year ago. Estimated gross profit rose to SAR914m from SAR809m. |
Saudi Cement Co 3Q12 net profit rises, Saudi Arabia07 January 2013, Published under Cement NewsSaudi Cement Company (SCC) said its net profit for the nine months through September 2012 surged in the first nine months of 2012 compared to the same period of the previous year. Net profit rose 30.5 per cent YoY, to SAR825.3m (US$220.1m) from SAR 619.9m a year earlier. Earnings per share (EPS) stood at SAR 5.39, up from SAR 4.05. Operating profit increased to SAR842m for the first nine months of 2012, from SAR645.1m a year ago. For the third quarter alone, the company reported... |