Cement News tagged under: Results
Cementos Portland posts EUR83m loss for Jan-Sep 201209 November 2012, Published under Cement NewsCementos Portland of Spain has posted a loss of EUR83m for the first nine months of 2012, almost 10-times the loss posted in the same period of last year, local press have reported. The steep decline is attributed to weaker demand from its domestic market of Spain which could not be offset by activity in USA and Tunisia where the company also operates.. |
HeidelbergCement increases revenue and operating income08 November 2012, Published under Cement NewsGerman cement major HeidelbergCement has reported increases revenue and operating income in for the third quarter 2012 driven by cost savings and price increases and announced significant reduction in net debt. Group revenue in the 3Q12 rose by 8.9 per cent to €3944m, driven by increasing prices, and a favourable development of exchange rates. Positive exchange rate effects supported the development of revenue particularly in North America, Asia-Pacific, as well as Western and Northern Eu... |
Italcementi 9M12 sales hit by Western Europe, competition in Africa08 November 2012, Published under Cement NewsLeading Italian cement producer Italcementi posted a significant drop in nine month net profit as sales were hit by its Western European markets and higher competition in Africa. Nine month net profit totalled EUR17.1m compared to EUR105m for the nine months to September 2011. After minorities, the company posted a loss of EUR39.7m. Revenues fell 4.4 per cent to EUR3.396bn. Recurring EBITDA in the first nine months was EUR500.5m (-11.4% from the year earlier period, but down 8.3% if the... |
Dangote Cement sees 22% rise in 2012 pretax profit, Nigeria08 November 2012, Published under Cement NewsNigeria-based cement producer Dangote Cement said it expects pretax profit to reach NGN143bn (US$910m) for full year 2012 on strong demand, a rise of 22 per cent compared to the NGN118bn achieved last year. The company said forecasts were based on the 2.6Mt of cement it sold in the last quarter of the year and on improved gas supply. The company will spend around NGN110bn in capital expenditure this year. "Nigeria has a low per capita consumption ... so we believe there is a huge pent u... |
RHI increases earnings again in the third quarter of 201208 November 2012, Published under Cement NewsRevenues of refractories specialist RHI Group increased by 7% in the third quarter of 2012 in comparison to the same quarter of 2011 and amounted to €459.9m. While revenues in the Steel Division dropped by 3.7% in a market environment still characterized by uncertainty, the Industrial Division recorded growth of 25.8% as some major projects were delivered. The operating result of the third quarter was up 28.3% on the comparable period of 2011 and amounted to €50.3m, thus again exceeding th... |
Emerging markets, North America drive Holcim performance07 November 2012, Published under Cement NewsHolcim reported a rise in cement deliveries for the first nine months of 2012 supported by pricing improvements. Emerging markets continue to support growth together with stronger demand for building materials in North America, but the Europe and Middle East and Africa divisions register declines. Commenting on its results, the company said in a statement: “Holcim continues to have the advantage of a strong presence in emerging markets, where construction activity remains high. This uniqu... |
Vicem But Son Cement posts nine month loss07 November 2012, Published under Cement NewsVietnam cement producer Vicem But Son Cement JSC said it made a loss of VND65.78bn (US$3.16m) in the first nine months of this year, compared to a net profit of VND6.99bn in the same period last year. Revenues rose 1.59 per cent YoY to VND1.92trn in Jan-Sept, BTS said in its quarterly financial report. In the third quarter alone, the company suffered a loss of VND68.91bn on revenues of VND581.53bn, versus a net profit of VND3.89bn on revenues of VND685.1bn in the 3Q11. The company had tot... |
Asia and US improvements boost Vicat nine month results06 November 2012, Published under Cement NewsVicat's turnover for the first nine months of the year edged ahead by 0.2 per cent to EUR1731m, but this represents an underlying decline of one per cent. Asian and US improvements made up for French and African volume declines. The gearing level increased to 47.6 per cent at the end of September compared with 43.4 per cent a year earlier and 40.6 per cent two years ago, with the expansion in Asia being the principal reason for the increase in debt levels. Turnover in cement was 0.7 per... |
Dyckerhoff reports stable nine month volumes06 November 2012, Published under Cement NewsDyckerhoff reported stable volumes for the first nine months of 2012 as the recovery in Russia and USA almost counterbalanced declines in the other regions. Sales increases in the Eastern Europe and USA divisions also offset decrease in the Germany/Western Europe division. Germany and Western Europe fell seven per cent to EUR588m from EUR633m. Sales in Eastern Europe rose by seven per cent to EUR487m from EUR456m. Sales in the US were up 24 per cent to EUR160m from EUR129m. Group EBITDA ... |
Taiwan Cement sees higher demand and prices lifting fourth quarter06 November 2012, Published under Cement NewsTaiwan Cement Co expects profits to rise in the fourth quarter of on the back of increasing demand and rebounding cement prices in China. TCC’s net profits in the first three quarters dropped nine per cent YoY to NT$6.002bn (US$200.01m) as it suffered from declining cement prices in China. However, with cement prices in southern and eastern China in the fourth quarter nearly 50 per cent higher over the first half of 2012, along with increasing shipments, TCC’s operation in China is expec... |