Cement News tagged under: Results
UltraTech second quarter profit surges, India22 October 2012, Published under Cement NewsIndia’s largest cement producer UltraTech reported a 97 per cent rise in standalone profit to INR5.5bn (US$102m) for the second quarter of the current fiscal FY12-13 but higher input costs continue to impede the domestic industry. During the July-September 2012 period, net sales rose 20 per cent to INR47bn, as consumption has seen a gradual uptick through the year. Cost cutting measures have helped the cement major achieve better results, the company said in a release. Margins of cemen... |
Increased sales boost ARM Cement's 9M12 pretax profit, Kenya22 October 2012, Published under Cement NewsKenya’s second largest cement producer ARM Cement (formerly Athi River Mining) said in the first nine months pretax profit rose to KES1.2bn (US$14.1m) from KES296m, driven primarily by higher sales of Rhino Cement. Rhino Cement, which is ARM's flagship operation set up in 1997, launched its Tanzania cement production plant in Dar es Salaam this month. Turnover for the first three quarters of the year jumped 29 per cent to KES7.74bn compared to the same period the previous year. ARM s... |
Qatar National Cement net profit rises22 October 2012, Published under Cement NewsQatar National Cement Company (QNCC) posted a net profit of QAR321.4m (US$88.3m) for the nine months period ended September 30, 2012 compared to a net profit of QAR329m for the corresponding period last year. Earnings per share amounted to QAR6.55 for the period ended September 30, 2012 versus QAR6.70 for the corresponding period in 2011. |
Argos registers 25% rise in third quarter EBITDA19 October 2012, Published under Cement NewsColombia’s Cementos Argos' third quarter operating revenues reached COP3.2bn as the cement company sold 8.2Mt of cement and 6.4Mm3 of concrete in Colombia, the Caribbean and the USA. The figures represent an expansion in sales of seven per cent for cement and eight per cent for concrete. The company’s EBITDA amounted to COP605,000m, an increase of 25 per cent YoY while its operating profit totalled COP328,000m due to the momentum gained by its US and Caribbean operations. Net profit stood ... |
ACC reports 52 per cent rise in 2QFY13 net profit19 October 2012, Published under Cement NewsACC Ltd reported the growth of 52 per cent in its consolidated net profit for the second quarter of FY12-13 and expects its sales volume to increase in the next quarter as the monsoon season has ended. Net profit during the July-September period was INR2.42bn rupees (US$45m) against INR1.59bn a year ago. Net sales rose 12 per cent to INR25.56bn during July-September 2012 period but sales volume declined five per cent to 5.4Mt. The steep increase announced in the price of diesel during ... |
Gansu Qilianshan Cement net profit drops, China19 October 2012, Published under Cement NewsGansu Qilianshan Cement Group reported a 3.95 per cent YoY decline in third quarter net profit to CNY141m (US$22.5m). In the first three quarters, net profit fell 57.48 per cent to company reaped CNY167m net profits in the first three quarters, falling by 57.48 percent over the period last year. Operating revenues reached CNY1.352bn in the third quarter, rising by 20.28 per cent YoY. Operating in the first three quarters were CNY3.208bn, advancing14.25 per cent over the period last year. |
Cemex's nine-month EBITDA rises 9%16 October 2012, Published under Cement NewsIn the first nine months of the year, Cemex’ turnover decreased 2.1 per cent to US$11,273.8m but the EBITDA did improve nine per cent to US$2003.2m. The company's gearing is coming down but is still at very high levels. For the nine months to September 2012, the trading profit rose by 37.8 per cent to US$1921.8m and the net interest charge increased by 3.7 per cent to US$1044.8m. After taking losses on financial instruments and other non-trading items into account, the pre-tax loss, whic... |
Steppe 3Q12 revenue increases, revises Kazakhstan demand outlook upwards16 October 2012, Published under Cement NewsKazakhstan-based producer Steppe Cement Ltd said 3Q12 revenue of KZT7.23bn (US$48m) was 28 per cent higher than the corresponding quarter in 2011 and has revised the demand outlook for the Kazakhstan market upwards for full year 2012. For the nine months ended 30 Setptember, Steppe Cement recorded revenue of KZT14.96bn compared with KZT11.93bn in the corresponding nine month period in 2011, representing a 25 per cent improvement. Sales of 518,433t were achieved during the third quarter... |
Sichuan Shuangma Cement expects net loss in 9M12, China16 October 2012, Published under Cement NewsSichuan Shuangma Cement Co Ltd, a Shenzhen-listed producer and distributor of cement, said that it will post a net loss of CNY5m to CNY10m (US$0.8m-1.6m) in the first three quarters of 2012, compared with a net profit of CNY 123m in the same period of 2011. |
Saudi Cement 3Q12 net profit rises, Saudi Arabia15 October 2012, Published under Cement NewsSaudi Cement Co reported a 7.3 percent increase in quarterly profits on higher domestic sales, Reuters reported. The company said it made US$56m net profit during the third quarter, up from US$51.9m a year ago. The company said local demand for cement and clinker grew in the July-September period. Saudi Arabia is witnessing big developments driven by the government's strategy diversify its economy away from oil. Saudi Cement also said that is operational profit for the period increased by... |