Cement News tagged under: Results
Holcim: September '1208 October 2012, Published under Cement NewsAmbuja 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 '1208 October 2012, Published under Cement NewsLafarge 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 EBITDA05 October 2012, Published under Cement NewsCemex 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 FY1205 October 2012, Published under Cement NewsPakistan’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 figures05 October 2012, Published under Cement NewsIndian 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 NewsSaudi 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, Australia04 October 2012, Published under Cement NewsAdelaide 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 Arabia04 October 2012, Published under Cement NewsEastern 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 Arabia02 October 2012, Published under Cement NewsYanbu 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) |
Bestway Cement's full year profit increases, Pakistan02 October 2012, Published under Cement NewsPakistan-based cement producer Bestway Cement announced that its profit after tax increased to PKR3.06bn in the year ended 30 June 2012 (FY12) compared to PKR179.230m in the corresponding period in FY11, according to reports in the Business Standard. Earnings per share has increased to Rs 5.29 in the period under review against Re 0.57 in the same period last year. According to the financial results sent to Karachi Stock Exchange on Monday turnover increased to PKR17.788bn in FY12 against... |