Cement News tagged under: Results

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Steppe Cement posts first half loss, Kazakhstan

11 September 2012, Published under Cement News

Kazakhstan-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...

DG Khan full-year profit rises, Pakistan

11 September 2012, Published under Cement News

Pakistan cement producer DG Khan Cement reported a profit-after-tax of PKR4.10bn (US$43.3m) for the year ended June 30 2012, compared to PKR170.96, earned in the previous year, according to a statement on Monday.   This translated into the earnings per share (EPS) of PKR9.38 from 45 paisas in 2011-12, according to the profit and loss account of the company available with the Karachi Stock Exchange.   Revenues for the company surged 24% to PKR22.95bn in fiscal 2012, against sales of PKR18.58b...

Cement Hranice 2012 outlook, Czech Republic

10 September 2012, Published under Cement News

Despite reporting an increase in 2011 cement sales, Czech cement producer Cement Hranice company expects a decline this year the Euro zone sovereign debt crisis and a continuing fall in construction output. Last year the company increased sales by 14.5 per cent last year to CZK1.69bn (EUR69m) following two years of declining sales due to a downturn in the domestic construction industry. Net profit in 2011 reached CZK499m, an increase of 10 YoY. Cement Hranice's results improved last ye...

GCC profits rise 27.1 per cent in 1H12

06 September 2012, Published under Cement News

Profits of the Gulf Cooperation Council (GCC) cement sector increased 27.1 per cent YoY in the first half of 2012 to US$971.5m from US$764m in the same period of 2011, the latest report from Global Investment House (GIH) shows. According to the report, the GCC cement sector grew 17 per cent in the first six months of the year mainly due to a huge pipeline of projects in Saudi Arabia helping to generate significant demand. Oman was in second place with growth of 13.8 per cent while Qatar a...

Huaxin sees 82.3 per cent slide in 1H12 net profit, China

06 September 2012, Published under Cement News

Huaxin Cement said net profit for the first half of 2012 fell 82.3 per cent YoY to CNY95.92m (US$15m). Operating revenue slid 1.53 per cent YoY to CNY5.49bn with basic earnings per share of CNY0.1. Huaxin Cement is 41.6 per cent controlled by Holcim. Last year, the Chinese producer continued its acquisition policy and purchased three works in the Hubei province with a combined capacity of 5Mta, giving Huaxin Cement a capacity of 58.5Mta which has increased further since year end.

Lafarge Pakistan Cement swings to profit

05 September 2012, Published under Cement News

Lafarge Pakistan Cement reported profit after tax of PKR498.916m (US$5.3m) in the first half of calandar year 2012 compared to losses of PKR17.539m in same period last year, boosted by a rise in domestic sales and cost optimisation. Net sales for the period stood at PKR4.784bn against PKR3.684bn in 2011. Its administrative and financial cost increased to PKR278.6m and PKR604.662m from PKR221.613m and PKR481.564m, respectively 1H11. Distribution costs also increased to PKR115.625m from PKR...

Taiwan producers invest further in China

04 September 2012, Published under Cement News

Despite recording a decline in first-half net profits Taiwain-based cement producers Taiwan Cement and Asia Cement, have underlined their confidence in the Chinese market by planning to invest over TWD1.8bn (US$60m) in their respective operations. Asia Cement reported 1H net profit of TWD4.088bn (US$136.27m) in net profits in the first half, with earning per share falling 30 per cent YoY to TWD1.27 (US$0.042). Meanwhile, TCC’s net profits decreased 2.5 per cent YoY to TWD$3.95bn (US$131.67...

PT Holcim Indonesia 1H net profit increases 15 per cent

03 September 2012, Published under Cement News

PT Holcim Indonesia recorded a 15 per cent rise in net profit driven by increased sales. Net income rose to IDR514.4bn (US$54m) in the first six months of this year from IDR447.7m in the same period of last year. Revenue increased 18 per cent to IDR4.19trn, according to reports in the Jakarta Globe. Holcim Indonesia is currently working on construction of a new plant in Tuban, on the main island of Java. Slated to come on-stream in the first half of 2013, this new plant will have a capac...

Lafarge Zimbabwe revises revenue forecasts upwards

03 September 2012, Published under Cement News

Lafarge Zimbabwe has revised its revenue forecast upwards for 2012 for the second time this year after the group reported a significant rise in profits for the first half driven by increased sales. The company is now expecting year-end revenue to reach US$70m, nearly US$10m more than the US$62m projection it made at its AGM held in May this year. The Independent of Zimbabwe reported managing director of Lafarge Zimbabwe, Johnathan Shoniwa saying that in 1H12, nationwide cement demand r...

Sichuan Shuangma Cement 1H net profit slumps, China

03 September 2012, Published under Cement News

Shenzhen-listed producer, Sichuan Shuangma Cement Co, reported a 112.95 per cent loss in net profit for the first half of 2012 to CNY11.64m (US$1.8m) China Business Newswire reports. In the six months to June, the company’s operating revenue was down 6.21 per cent to CNY885m. Basic losses per share stood at CNY0.02.