Cement News tagged under: Results
Caribbean Cement outlook cautious08 August 2012, Published under Cement NewsCaribbean Cement has cut losses by some 40 per cent to J$578.1m (US$6.5m) for the second quarter of the year and has outlined plans of a new supply contract but remains cautious on its outlook. "The directors consider that the outlook will remain challenging, despite some recent positive indicators of growth in the domestic market for cement and plans for expansion into more lucrative export markets," said Brian Young, chairman, and Dr Rollin Bertrand, group chief executive officer in a j... |
Raysut books first half net profit, Oman07 August 2012, Published under Cement NewsRaysut Cement, Oman's largest cement company by market value, said in a bourse filing yesterday it booked a profit of OMR10.5m (US$27.3m) in the first half of 2012, up 38 per cent YoY. The strong performance was a result of a 13 per cent rise in sales, to OMR33.9m. |
Kuwait Portland Cement net profit surges07 August 2012, Published under Cement NewsCement trader Kuwait Portland Cement said in a bourse statement yesterday its net profit surged to KWD4.74m (US$16.8m) in the first half of 2012 from KWD1.11m a year ago. The earnings per share (EPS) rose to 52.2 fils from 12.2 fils. For the second quarter of 2012, the company booked a net profit of KWD2.48m, an increase from KWD1.78m in the same period last year. Total assets stood at KWD69.8m at end-June 2012, down from KWD73.3m a year earlier. |
Buzzi Unicem improves profit at lower volumes06 August 2012, Published under Cement NewsBuzzi Unicem’s first half turnover edged ahead by 0.9 per cent to €1,350.9m, but the EBITDA recovered by 7.7 per cent to €197.2m. For the full year Buzzi Unicem is maintaining its overall forecast of broadly unchanged numbers overall, but the expected geographical mix has changed. The first half trading profit increased by 34.4 per cent to €84.0m and the interest charge jumped by 35.3 per cent to €62.2m, giving a pre-tax profit still 36.3 per cent higher at €22m. After a tax charge 8.3 pe... |
Siam City Cement 2Q net profit falls, Thailand06 August 2012, Published under Cement NewsSiam City Cement Plc (SCCC), Thailand's second-largest cement producer, reported a 30.5 per cent drop in 2Q net profit although sales increased by more than 12 per cent as operating margins were hurt by lower cement prices and higher energy costs. In a filing to the Stock Exchange of Thailand on 2 August, SCCC said its net profit totalled THB809m in the quarter to June compared to THB1.056bn a year before. Net sales, meanwhile, rose 12.2 per cent to THB6.49bn as domestic cement consumption... |
European cement majors: first half trends06 August 2012, Published under Cement NewsThe last week has seen three leading European cement majors release first-half 2012 results: Lafarge, HeidelbergCement and Italcementi. The latest figures appear to confirm the upturn in North America, which, together with the emerging markets, have been the main drivers of demand as parts of Europe remain a drag on performance. While a slower volume growth environment persists, improved pricing and cost reduction measures continue to be central themes. In terms of market performance, wes... |
CRH: July '1203 August 2012, Published under Cement NewsCRH's spending on acquisitions during the first half of the year amounted to €244m. The €155m spent in Europe and Asia included an equity injection into Yatai Building Materials that should enable the Chinese associate to increase its production capacity to 29Mt. The building products division bought three businesses – one each in Germany, Great Britain and Malaysia – while in The Netherlands six builders' merchants branches were purchased. The Portuguese joint venture Secil has been sold, ... |
Italcementi: July '1203 August 2012, Published under Cement NewsItalcementi's 1H turnover came off by 4.9 per cent to €2299.8m while the running EBITDA declined by 11.6 per cent to €328.7m. The trading profit fell by 37.4 per cent to €100.6m, and after an 84.2 per cent increase in the net interest charge to €47.3m and a 39.8 per cent reduction in income from associates, the pre-tax dropped by 59.8 per cent to €55.4m. With a 13.6 per cent increase in the net interest charge to €63m and a loss, rather than a gain, from discontinued activities, the net gro... |
Cemex: July '1203 August 2012, Published under Cement NewsCemex' 1H turnover declined by 2.1 per cent to US$7373.1m, but the EBITDA did improve by 9.4 per cent to US$1273.2m and the trading profit rose by 40.7 per cent to US$611.9m. Net interest payments were one per cent higher at US$691.5m, giving a pre-tax loss of US$79.5m, a reduction in the loss of 68.3 per cent, and the net attributable loss was halved to US$217.4m. Shareholders' funds were declined by 11.4 per cent at the end of June to US$11,251.8m and the net debt declined by 4.3 per cent... |
HeidelbergCement: July '1203 August 2012, Published under Cement NewsThe Bosnian HeidelbergCement subsidiary Tvornica Cementa Kakanj is expecting a volume reduction of between 10-14 per cent this year. This would take consumption down to 40 per cent below the level seen in 2008. Domestic deliveries are expected to be some 15 per cent down on last year. Around 12 per cent of production is now exported, mainly to Croatia. HeidelbergCement's 1H turnover rose by 9.8 per cent to €6580.4m, while the EBITDA only advanced by 0.8 per cent to €911.6m as energy cos... |