Cement News tagged under: Results
Taiheiyo Cement sales exceed expectations, Japan06 November 2012, Published under Cement NewsJapan’s leading cement producer Taiheiyo Cement is expected to report a 260 per cent YoY rise in consolidated pretax profit for the six months ended 30 September on earthquake rebuilding. A Nikkei report shows states that cement sales have exceeded targets due to reconstruction efforts relating to the Great Japan Earthquake in March 2011, and costs for coal have also been lower than expected. The cement producer had also projected a net loss of JPY3.2bn in part on the disposal of produ... |
India Cements net profit falls 30%06 November 2012, Published under Cement NewsIndia Cements Ltd on Monday said its second quarter net profit fell 30 per cent YoY to INR49.08 crore from INR69.71 crore from a year earlier. "Our profits were lower as we suffered from increased input costs due to power and fuel," N Srinivasan, vice chairman and MD of India Cements said. The company’s power and fuel costs were up 21 per cent during the quarter ending 30 September at INR328.48 crore. |
China cement sees Jan-Sept slowdown05 November 2012, Published under Cement NewsChina's cement sector witnessed a sharp slowdown in the first nine months of this year, according to the latest data from the National Development and Reform Commission (NDRC) Cement output rose 6.7 per cent YoY to 1.59bnt in the January-September period, compared with 18.1 per cent recorded in the same period of 2011, according to a recent NDRC report. The factory price of cement tumbled 18.7 per cent from August to an average of CNY317.3/t (US$50.36). At the end of September, ceme... |
Vicem Hoang Mai Cement revises down 2012 profit05 November 2012, Published under Cement NewsVicem Hoang Mai Cement JSC (HOM), listed on the Hanoi Stock Exchange, said it made an estimated pretax profit of VND66bn (US$3.17m) in the first 10 months of this year, according to Chief Accountant Tran Minh Son said. HOM did not give revenue figures in Jan-Sept, the Dau tu Chung khoan newspaper reported. High prices of input materials were blamed for the company’s profit fall, Son said. The company plans to revise down its 2012 profit target. In Jan-Sept, HOM made a net profit of VND54.5... |
India Cements 2Q profit falls 29.6%05 November 2012, Published under Cement NewsIndia Cements, the largest cement producer in South India, reported fall of 29.59 per cent in net profit for the quarter ended September 2012 on lower margins. During the quarter, the net profit of the company fell to INR490.8m as compared with INR697.1m in the same period last year. This was lower compared to analysts' expectation of INR730m. Net sales during the quarter rose 3.12 per cent to INR11.25bn compared with the same period last year. |
Dangote nine month profit rises 13.5 per cent02 November 2012, Published under Cement NewsNigeria's Dangote Cement said on Thursday its pretax profit for the nine months to September rose 13.5 per cent to NGN105.8bn (US$673.63m), compared with NGN93bn in the same period last year. Revenue for the nine month period hit NGN208.3bn, compared with NGN173bn in the same period of 2011. Dangote said heavy rains and flooding affected sales in the third quarter, but profit margins remained strong at 63 per cent owing to the effect of gas supplies which returned to normal to cut ener... |
UAE cement producers see improvements in 9M12 profits01 November 2012, Published under Cement NewsTwo leading cement producers in the UAE have posted an improvement in profits for the first nine months of 2012 as construction activity on the local market shows signs of a revival. Arkan Building Materials said profits grew 76 per cent during the year to the end of September to AED41.5m (US$11.2m). The company’s improvement was attributed to a 38 per cent rise in sales which increased to AED295.1m during the year from AED213.5m in the same period of the previous year. Revenue at Arkan’s E... |
Cementarnica Usje Skopje net profit falls, Macedonia01 November 2012, Published under Cement NewsMacedonian cement producer Cementarnica Usje Skopje said its nine-month consolidated net profit fell to MKD1.19bn (US$25.1m) from MKD1.56bn a year ago. Operating income declined by 12 per cent to MKD3.48bn in the first nine months 2012, while operating costs decreased by four per cent to MKD2.31bn, Usje said in its consolidated income statement sent to Macedonia’s Securities and Exchange Commission. Usje, Macedonia’s sole cement producer, is owned by Greek building materials manufacture... |
Cementos Pacasmayo sales rise 17.5 per cent, Peru01 November 2012, Published under Cement NewsCementos Pacasmayo, a leading Peruvian cement company, announced cement sales volume increased 17.5 per cent during the first nine months of 2012 compared to the same period of 2011 For the 3Q12 net income increased 56.9 per cent QoQ to PEN46.9m (US$18.1m) versus PEN29.9m in 2Q12. Consolidated EBITDA in 3Q12 increased 33.6 per cent to PEN76.4m versus PEN57.2m in 2Q12. Cementos Pacasmayo is the second largest cement producer in Brazil in terms of volumes. It operates two plants, the lar... |
Tangshan Jidong Cement profit slumps, China01 November 2012, Published under Cement NewsTangshan Jidong Cement Co’s operating revenue in the first three quarters of 2012 slumped 77.77 per cent YoY while net profit fell 83.06 per cent to CNY241m (US$38.7m). Earnings per share in the first three quarters plunged 84.71 per cent YoY. For the third quarter alone, operating income fell 3.51 per cent to CNY4.72bn and net profit stood at CNY129m which is a decline of 80.84 per cent. |