Cement News tagged under: Results
Hoang Mai Cement sets 2013 profit target, Vietnam07 January 2013, Published under Cement NewsHoang Mai Cement (HOM) JSC targets a profit of VND86bn (US$4.11m) this year, according to the company’s chief accountant, Tran Minh Son. HOM is part of the Vicem group which directs much of the largely state-run Vietnam cement industry. For the nine months to September 2012, HOM achieved a net profit of VND54.58bn on revenue of VND1.06trn, down 30.67 per cent and up 3.92 per cent YoY, respectively. The nine-month earnings per share was VND788. HOM is now carrying out a plan to buil... |
Al-Abbas Cement proposes name change, Pakistan21 December 2012, Published under Cement NewsPakistan cement manufacturer Al-Abbas Cement Industries Ltd (AACIL) is to change its name to Power Cement Limited, the company said in a filing to the Karachi Stock Exchange. The company’s board of directors agreed the name change at a board meeting on 18 December 2012 which is subject to approval by regulatory authorities and shareholders of the company. During the first quarter of the current fiscal year, the company earned a profit of PKR109.88m compared to a loss of PKR173.38m in t... |
Cimpor06 December 2012, Published under Cement NewsCimpor's turnover came off by 1.6% to €1,170.6m in the first nine months, and the EBITDA eased by 0.9% to €355.4m, while the trading profit (EBIT) declined by 1.2% to €247.3m. Net financial charges jumped by 185.3% to €83.4m, as change of control clauses led to debt repayments, giving a pre-tax profit 25.9% lower at €163.9m. The tax charge was 2.7% higher at €55.4m. The profit after tax on a continuing basis fell by 35.1% to €108.5m. Net debt at the end of September was 0.3% lower than a ye... |
CRH06 December 2012, Published under Cement NewsCRH's turnover for the first nine months of the year improved by around 4% to some €14,000m, with the EBITDA being broadly in line with the €1,200m achieved at this stage last year. For the full year, the group is expecting an EBITDA in the region of €1,600m compared with the €1,656m achieved last year and depreciation and amortisation charges to be in line with the €764m charged last year. With disposal gains in the year to date of €183m, these are likely to exceed €200m this year compared... |
Buzzi Unicem06 December 2012, Published under Cement NewsBuzzi Unicem's turnover for the first nine months was up by 1.7% to €2,146.3m and the EBITDA increased by 11.7% to €368.7m. The trading profit rose by 29.6% to €198.9m and net financial charges increased by 25.1% to €85.3m. After an 89.3% higher contribution from associates, the pre-tax profit rose by 33.5% to €116.8m. With charges for tax and for minorities increasing more slowly than the pre-tax profit, the net attributable profit jumped by 49.6% to €57.7m. Net debt at the end of Septembe... |
Italcementi06 December 2012, Published under Cement NewsItalcementi's turnover declined by 4.4% to €3,395.7m during the first nine months of 2012 and the running EBITDA came down by 11.4% to €500.5m. The trading profit fell by 34.0% to €159.8m while the net interest charge rose by 12.5% to €633.8, having come down by 38.6% a year ago. The contribution from associated companies was little changed at €11.5m. The pre-tax profit fell by 51.1% to €93.0m, as the capital gains in Turkey were not repeated this year. The net attributable profit, which ha... |
HeidelbergCement06 December 2012, Published under Cement NewsHeidelbergCement's turnover increased by 9.4% to €10,524.8m during the first nine months of the year and the EBITDA was ahead by 6.2% to €1,785.9m. At the trading level, the profit advanced by 8.9% to €1,158.4m and after an interest charge 3.6% higher at €423.1m, associates 16.2% lower at €29.0m and exceptional items, the pre-tax profit declined by 5.4% to €601.4m and the net attributable profit was 10.2% lower at €239.2m. The net debt at the end of September was 8.7% lower at €7,759m and t... |
Lafarge06 December 2012, Published under Cement NewsFor the first nine months of the year, Lafarge's turnover was ahead by 4.7% to €12,007m and the EBITDA improved by 7.2 to €2,594m. At the trading level the profit advanced by 11.9% to €1,837m, but net financial charges rose by 16.0% to €753m giving a pre-tax profit 20.6% lower at €708m. The net attributable profit fell by 44.3% to €332m. Net debt at the end of September was 14.5% lower at €12,202m, giving a gearing level of 75.5% compared with 91.3% a year earlier. Capital investment fell b... |
Maple Leaf Cement Factory on course for higher FY13 profit27 November 2012, Published under Cement NewsPakistan cement producer Maple Leaf Cement Factory, is on course to record its most highest profit in six years on the back of higher cement prices and lower interest rates to reduce loan payments. According to reports by Businessweek, earnings per share may rise to about PKR3 in the year ending June 2013, according to Waleed Tariq Saigol, a member of the company’s board of directors. EPS in the previous 12 months was PKR0.84. Maple Leaf plans to reduce its debt to PKR13bn (US$135m) in... |
Cemex to return to profitability in 2013?21 November 2012, Published under Cement NewsMexican cement producer Cemex is seen on track to return to profitability as soon as 2013, according to analysts quoted by Reuters. The company recently refinanced US$6.7bn in debt, negotiating much-need room to push back looming payments for up to four years. Measures included a commitment to pay down US$1bn in March of next year, revised financial covenants and a debt swap, all of which have put relations with investors on a more comfortable footing. In addition, Cemex floated its C... |