Cement News tagged under: Results

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Saudi Cement 3Q12 net profit rises, Saudi Arabia

15 October 2012, Published under Cement News

Saudi 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...

Holcim: September '12

08 October 2012, Published under Cement News

Ambuja Cements increased production for the first nine months of the year by 6.1 per cent to 16.38Mt, while deliveries were ahead by 6.2 per cent to 16.77Mt. For the month of September, Ambuja Cements increased shipments by 4.9 per cent to 1.55Mt, while the monthly production rose by 6.6 per cent to 1.56Mt compared with a 1.6 per cent decline the previous September. Sister company ACC Ltd increased cement deliveries for the nine months by 2.4 per cent to 18.22Mt, while production was r...

Lafarge: September '12

08 October 2012, Published under Cement News

Lafarge has agreed the sale of two integrated cement works, two quarries, eight batching plants, a fly ash business and certain other downstream assets to Eagle Materials for US$446m. The two cement plants involved are those at Sugar Creek, Kansas City, in Missouri, and at Tulsa in Oklahoma. They have a combined cement capacity 1.6Mta and leaves Lafarge with nine cement plants in the United States.  Lafarge Malayan Cement increased its first half turnover by 5.4 per cent to MYR1,338.2m (€...

Cemex sees 9% increase in 3Q12 operating EBITDA

05 October 2012, Published under Cement News

Cemex said on Thursday it expects to report a nine per cent rise in operating cash flow in the third quarter of 2012, compared with the year-earlier period, although sales in dollar terms are expected to be down about two per cent. This is Cemex’s first results guidance in more than three years. The Mexican cement major said that adjusted for currency swings, sales in the third quarter were probably up three per cent from a year earlier, and EBITDA was likely 13 per cent higher. The res...

Pakistan cement sector profitability improves in FY12

05 October 2012, Published under Cement News

Pakistan’s cement sector closed FY12 with profitability growing eight per cent with improvements being seen for both larger and smaller producers. Total industry sales were 32.5Mt, up three per cent YoY. Capacity utilisation, however, dipped to 74 per cent compared to 76 per cent in the previous year due an additional 3Mta of new capacity coming on-stream during the year in the form of Fauji Cement Company's 7560tpd line. Total industry capacity now stands at 44Mta. On a per tonne basis, ...

Indian producers seen posting higher 2QFY13 figures

05 October 2012, Published under Cement News

Indian cement manufacturing companies are expected to put up a robust performance this quarter owing to higher dispatches and lower raw material costs. The Economic Times of India reports that cement demand was higher this quarter on account of the monsoon being slightly weaker than normal. In addition, lower coal prices may lead to improved realisations. As a result, ACC Ambuja Cements and Grasim Industries are expected to double net profits from year-ago levels following double-digit sales...

Saudi Cement's 1H12 sales surge 45%

05 October 2012, Published under Cement News

Saudi Cement Company (SCC) said that its net profit for the six months through June 2012 rose 45 per cent YoY to SAR615.8m (US$164.2m) from SAR424.6m a year earlier. The company attributed the increase to rising local demand. Operating profit increased to SAR623.4m for the first half of 2012 from SAR440.5m a year ago. Earnings per share (EPS) stood at SAR4.02, up from SAR 2.78.

Adelaide Brighton full year earnings on track, Australia

04 October 2012, Published under Cement News

Adelaide Brighton has confirmed it is on track to meet its 2011-12 earnings guidance, underpinned by its exposure to the resource and infrastructure sectors. Speaking to the Australian Financial Review, Adelaide Brighton managing director Mark Chellew said the group’s 2012 financial year net profit guidance was between A145m-155m. Although the group has been hit by a slowdown in the residential sector, it has reviewed its resources-based cement exposure and was not expecting any fall in ce...

Eastern Province Cement 1H12 net profit rises 12.5 per cent, Saudi Arabia

04 October 2012, Published under Cement News

Eastern Province Cement Company (EPC) recorded a SAR207m (US$55.2m) net profit for the first half of 2012, up from SAR184m a year ago, an increase of 12.5% YoY. The company attributed the increase to a rise in sales as a result of rising local demand, along with higher investment income and lower sales and distribution costs. Earnings per share (EPS) stood at SAR2.41, compared with SAR2.13. The cement manufacturer registered an operating profit of SAR211m for the first six months of 2012,...

Yanbu Cement sees 22 per cent rise in 3Q net profit, Saudi Arabia

02 October 2012, Published under Cement News

Yanbu Cement’s net profit rose 22 per cent YoY in 3Q12 to SAR152m (US$40.5m) from SAR125m due to increased sales, according to a statement to the Saudi bourse. (Bloomberg)