Cement News tagged under: Results
Texas Industries reduces quarterly net loss, USA28 September 2012, Published under Cement NewsTexas Industries, Inc reported a net loss of US$2.7m for the quarter ended 31 August 2012, against a loss of US$7.4m in the same period of last year as shipments and pricing improve. "Though not back to pre-recession levels, our results reflect improvement in our markets," stated Mel Brekhus, Chief Executive Officer. "Shipments are up, pricing is improving and we are seeing the benefits of our margin enhancement initiatives." "I am looking forward to beginning the commissioning of our ne... |
Fecto Cement's profit after tax increases, Pakistan28 September 2012, Published under Cement NewsThe profit after tax of Pakistan cement producer Fecto Cement Ltd increased to PKR346.729m in the year ended June 30, 2012 (FY12) compared to PKR65.433m earned in the corresponding period in FY11. The board of directors declared that the company's earning per share has increased to PKR6.91 in the period under review against PKR1.30 in the same period last year. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR4.342bn in FY12 against ... |
Paraguay’s cement sales pick up in July-August27 September 2012, Published under Cement NewsCement sales in Paraguay increased in July and August, even before the reactivation of public works. In fact, the two months were the first in the year in which Industria Nacional de Cemento had no financial deficit due to the increased commercial activity. A combination of increased output and the recovery of several major customers helped to boost the state-owned firm’s takings. Nevertheless, it is expected that the cumulative loss of the cement producer will stand at around PYG24bn (US... |
Ashaka Cement sees profits rise 54 per cent27 September 2012, Published under Cement NewsNigeria-based Ashaka Cement plc has reported a YoY increase in profits of 54 per cent from NGN1.614bn (US$10.3m) to NGN2.489bn for 2Q2012 ended 30 June 2012. The company saw turnover rise to NGN12.261bn from NN10.22bn in 2Q2011. Commenting on the result, analysts at FBN Capital Ltd said the impressive performance may not be unconnected with efficient management of distribution and logistics as well as higher utilisation of coal to fuel power plants. “While we do not yet have management... |
Fauji Cement reports PKR377m in FY12 profit27 September 2012, Published under Cement NewsPakistan’s Fauji Cement Company Limited (FCCL) reported PKR377m (US$3.97m) profit after paying tax in FY12 compared with PKR359m in FY11. Though FCCL achieved a 3.7x YoY growth in gross profit, but 17.6x jump in financial charges and 2.6x higher preference dividend led to a modest profitability growth, according to the Daily Times. The company brought an extra 7200tpd of capacity online, which resulted in an 84 per cent increase in cement volumes to 2Mt. In addition, a 32 per cent rise... |
Higher sales boost Qassim Cement 1H12 net profit, Saudi Arabia21 September 2012, Published under Cement NewsSaudi cement producer Qassim Cement Co (QCC) posted a 5.3 per cent rise in net profit to SAR307.4m (US$82m) for the first half of 2012, up from SAR291.8m a year ago, which the company attributed to an increased rise in sales. Earnings per share (EPS) stood at SAR 3.42, compared with SAR 3.24. QCC registered an operating profit of SAR 315.5m for the six months to June 2012, up from SAR297.2m a year earlier. |
Buzzi Unicem: August '1220 September 2012, Published under Cement NewsBuzzi Unicem reported a 2.6 per cent drop to 13.1Mt in group cement sales in 1H2012 with Russia, the US, Mexico and Ukraine making positive contributions. Ready-mix concrete production fell 11 per cent to 6.6Mm3 as every market, except Mexico and Ukraine, noted a decrease in sales. Consolidated EBITDA rose by 7.7 per cent to E197.2m from E183.1m in 1H2011 although the 2012 figure includes non-recurring income of €7.7m (€7.1m in 2011). Net EBITDA rose 7.6 per cent by €13.4m. EBITDA to ... |
Fauji Cement increases full year profit, Pakistan18 September 2012, Published under Cement NewsProfit after tax of Fauji Cement Company Limited increased to PKR552.590m in the year ended 30 June 2012 (FY12) compared to PKR425.661m in the same period in FY11. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR11.523bn in FY12 against PKR4.742bn in FY11. The cost of sales increased to PKR8.454bn compared to PKR 3.919bn. Pretax profit increased to PKR966.245m in FY12 against PKR488.153m in FY11. |
Yamama Cement 1H net profit rises 22%, Saudi Arabia14 September 2012, Published under Cement NewsSaudi cement producer Yamama Cement Company reported a 22 per cent YoY rise in its net profit to SAR487m (US$129.8m) for the first half of 2012, up from SAR400m a year ago. The increase was attributed to a rise in sales as a result of higher local demand, Yamama Cement said without giving exact figures. Gross profit SAR526m from SAR429m. |
Steppe Cement posts first half loss, Kazakhstan11 September 2012, Published under Cement NewsKazakhstan-based cement producer Steppe Cement Ltd posted a consolidated loss after tax of US$0.1m for the six months ended 30 June 2012. Revenue six months ended June 30 were US$52.16m (2011: $43.06m) while pretax profit was US$391,000 (2011 loss: US$2.84m). The company’s sales volumes increased by two per cent to 615,838t and the average sales price increased from USD72/t to USD86/t during the period. Production costs per tonne increased by 11 per cent in US dollar terms. The hike was... |