Cement News tagged under: Results
GCC sales rise 13.3 per cent, Mexico31 October 2012, Published under Cement NewsMexico-based cement producer Grupo Cementos de Chihuahua (GCC) has posted MXP2.58bn (US$197m) in sales for 3Q2012, up 13.3 per cent YoY. The company posted EBITDA of MXP501m, up 0.5 per cent compared with the prior-year-period. Net consolidated income for the third quarter was MXP152m, up 266 per cent over the MXP43.8m loss registered in the same period of 2011. Increased sales were driven by a growth in sales volumes in the US, "higher aggregates and concrete block sales in Me... |
Cementos Molins posts EUR31m profit, up 85%31 October 2012, Published under Cement NewsSpain’s Cementos Molins has posted a profit of EUR31.16m in the first nine months of the year. The 85 per cent rise has been attributed to successful foreign business, which continues to offset the decline in Spanish sales. The company’s operations in Spain have seen profits decline on the back of a 16 per cent drop in domestic sales as Spanish cement demand continues to post further lows. The drastic falls in consumption have seen cement demand plunge to a level not seen since the 1960s.... |
Eagle Material reports second quarter rise in earnings, USA30 October 2012, Published under Cement NewsEagle Materials has reported continued growth in sales volumes and earnings in the second quarter as revenues rise 22 per cent to US$164.7m. Second quarter sales volumes improved across all major business lines and wallboard net sales prices increased 30 per cent as compared to the prior year's second quarter. Improved second quarter operating cash flow was used to fund capital expenditures, pay dividends and reduce debt which further strengthened our financial position. Eagle ended the qua... |
Sinoma nine-month net profit down 76 per cent, China30 October 2012, Published under Cement NewsSinoma said its net profit attributable to equity holders of parent dropped 76.41 per cent YoY to CNY305m (US$48.9m) for the nine months ended 30 September 2012. Its basic and diluted earnings per share were CNY9 cents. Operating revenue was CNY36.73bn, an increase of 3.5 per cent from a year earlier. Morgan Stanley said the fall in profit missed market expectations and expects Sinoma’s 2013 earnings to stay flat. |
Jiangxi Wannianging Cement profit declines, China30 October 2012, Published under Cement NewsJiangxi Wannianging Cement has posted an 82.33 per cent drop in net profit for the first nine months of 2012 on the back of lower sales volumes and prices. For the nine months to September, net profit was CNY74.12m (US$11.9m) while operating revenues fell 22.44 per cent YoY to CNY3.19bn. For the third quarter alone, operating revenue fell 23 per cent YoY to CNY1.183bn while net profit plunged 86.77 per cent to CNY16.24m. The company attributed the decline in profits to a drop in sales ... |
Najran Cement 3Q12 net profit down, Saudi Arabia29 October 2012, Published under Cement NewsSaudi Arabian cement company Najran Cement posted a net profit of SAR36.2m (US$9.7m) for the third quarter of 2012 compared to SAR83.3m in the corresponding period of 2011, representing a fall of 56.55 per cent. However, on a QoQ basis, net profit increased by 36.19 per cent compared to the second quarter of the year. The reason for net profit of third quarter being higher than the second quarter 2012 is that second quarter was subject to bear additional costs for IPO and arrears of royal... |
Lucky Cement 1Q net rises, updates on international expansion26 October 2012, Published under Cement NewsLucky Cement has reported a strong rise in profit after tax for the first quarter of the current fiscal year and provided a progress update on its expansion into Iraq and Democratic Republic of Congo. The company declared an after tax profit of PKR2014m (US$21m) for the quarter ending 30 September 2012, representing an increase of 33.79 per cent higher than the same period of last year, thanks to higher domestic sales. Gross profit increased by 32.87 per cent as net sales revenue improve... |
Anhui Conch earnings outlook raised, China26 October 2012, Published under Cement NewsDespite Anhui Conch posting a 67 per cent YoY decline in third quarter net profit, Credit Suisse and Citigroup see an improved outlook for the Chinese cement major. Credit Suisse said that Conch’s results "were solid in the context of a very difficult quarter for the industry”. The house estimates unit gross profit to average at CNY80/t in 4Q12, leading to a potential net profit of CNY2.4bn. "We believe consensus downgrades have come to an end at this point, and estimate that the market is... |
Southern Province driven by higher demand, Saudi Arabia26 October 2012, Published under Cement NewsSaudi Arabian cement producer Southern Province Cement reported a YoY rise in net profit for the the first nine months of 2012 and for the third quarter of the year thanks to an increase in demand for cement on the local market. However on a QoQ basis, third quarter profit fell due to the Ramadan and Eid Al-Fitr holidays. Net profit for the third quarter of 2012 reached SAR200m compared to SAR180m for the same quarter of previous year, an increase of 11.11 per cent. Net profit during the n... |
Henan Tongli Cement nine-month net profit declines, China26 October 2012, Published under Cement NewsHenan Tongli Cement Co Ltd reported a net profit of CNY138m (US$22m) for the first three quarters of 2012, a YoY decline of 6.86 per cent. Operating revenue during the period climbed 4.19 per cent YoY to CNY3.13bn. The Shenzhen-listed cement producer said net profit for the third quarter slumped 30.28 per cent YoY to CNY41.16m, while operating revenue grew 18.64 per cent YoY to CNY116bn. |