Cement News tagged under: Results
Trinidad Cement Ltd 1Q13 boosted by higher sales volumes and prices13 May 2013, Published under Cement NewsFor the first quarter of 2013, Trinidad Cement Ltd recorded EBITDA of JMD114.2m (US$1.16m), reflecting a significant improvement over the first quarter of the previous year and 74 per cent of the total EBITDA achieved throughout 2012. Revenue for the quarter increased by JMD117m compared with the prior year as a result of higher cement sales volumes, the group said in a statement. Volumes were up YoY by 52 and 29 per cent in the markets of Trinidad and Tobago and Jamaica, respectively, w... |
Cementir hit by hard Nordic winter13 May 2013, Published under Cement NewsCementir's first-quarter turnover eased by 0.3 per cent to €194.7m and the EBITDA declined by 26.9 per cent to €9.2m as the cement major was hit by a hard Nordic winter weather. The trading loss increased by 56.1 per cent to €12.4m, but at the pre-tax level the increase in the loss was a more modest 20.3 per cent up to €13.7m. The severe winter weather in Scandinavia and Italy had a particularly negative effect in the month of March. As a result, Scandinavian cement shipments were down b... |
Siam City Cement 1Q sales rise, net profit hit by higher costs, Thailand13 May 2013, Published under Cement NewsSiam City Cement Co (SCCC), Thailand’s second-largest cement producer, reported a decline in operating and net profit for the 1Q13 despite a rise in sales as higher electricity and transport costs negatively affected results. Net profit for the three months to the end of March 2013 was THB1.12bn (US$37.7m), down 5.4 per cent on the same quarter of last year. Sales, however, were up 8.4 per cent YoY to THB7.5bn from THB6.9bn in the same period of last year. The rise was attributed to in... |
Taiheiyo Cement full-year pretax profit seen beating estimates09 May 2013, Published under Cement NewsJapan’s leading cement producer, Taiheiyo Cement Corp, is expected to have posted a 70 per cent YoY rise in pretax profit for the fiscal year to the end of March 2013. Net profit is expected to have beat forecasts of JPY30.5bn to reach around JPY32bn, according to a Nikkei Report. Sales are believed to have increased by three per cent to approximately JPY750bn while volume grew at least five per cent with shipments to the Tohoku region for earthquake rebuilding topping estimates. Operat... |
Cost cuts, improved pricing boost Holcim 1Q08 May 2013, Published under Cement NewsHigher prices, cost savings from its efficiency programme as well as the sale of a stake in Cement Australia helped Holcim compensate for harsh first-quarter winter weather which dragged on sales. Consolidated net sales for the first three months of the year were 7.2 per cent lower at CHF4.3bn (EUR3.5bn) and operating EBITDA fell by 9.5 per cent to CHF650m, the main reason for which, Holcim noted, was the lower performance by both Indian group companies. However, better results were achie... |
HeidelbergCement net loss widens, confirms 2013 outlook08 May 2013, Published under Cement NewsHeidelbergCement said its first-quarter loss widened in the first quarter of 2013 compared to a year ago as sales were impaired mostly by a weak European market. However, the German cement major reported a rise in operating income and has confirmed its 2013 outlook. Group share of the after-tax loss was EUR235m in the first quarter of 2013, wider than the EUR208m loss a year earlier. Operating income before depreciation was higher on the year EUR219m from EUR212 in the same period a ... |
CRH sees US operations offsetting weaker European market08 May 2013, Published under Cement NewsIn trading statement released today, CRH said the first four months of 2013 were affected by adverse weather conditions but expects growth in the second half to be led by its US operations. Combined with a challenging economic environment, most of CRH’s European operations experienced lower activity and sales declined 12 per cent (approximately €0.3bn) in the first four months of the year compared to the same period of 2012. Wet and cold conditions also persisted in the US in the first ... |
Lafarge Wapco pretax profit rises over 20%, Nigeria08 May 2013, Published under Cement NewsLafarge Wapco's first-quarter pretax profit rose by 20.64 per cent YoY to NGN7.19bn (US$45.5m), compared to NGN5.96bn in the same period of last year. Revenues rose to NGN23.32bn compared to NGN22.61bn in the comparative period of 2012, it said in a filing with the Nigerian Stock Exchange. Lafarge Wapco operates three adjacent plants in Ewekoro in Ogun State, southwest Nigeria, with a capacity of 4.5Mta folliwng a capacity increase programme in 2011 and 2012. As well as its 60 per c... |
Lafarge sales down on 1Q weather effect, confirms 2013 goals07 May 2013, Published under Cement NewsLafarge reported a six per cent decline in sales in the three months to the end of March as it was impacted by harsh winter weather conditions and production issues in Algeria and Egypt. However, the group said its performance and innovations targets remain on track and the company is on course to achieve its net reduction goal of less than EUR10bn this year. First-quarter volumes were notably affected by a particularly long winter in Europe and North America, together with a high 2012 co... |
Italian and French winters again disrupt Italcementi07 May 2013, Published under Cement NewsItalcementi's first-quarter turnover declined by 9.3 per cent to €964.8m and the running EBITDA fell by 32.7 per cent to €88.5m. The €21.3m trading profit a year earlier dropped to a €16.5m loss and the pre-tax loss jumped from €3.4m to €36.9m, though the net interest charge was 10.1 per cent lower at €25.7m. The net attributable loss jumped by 59.9 per cent to €78.2m. Net debt at the end of March was 3.4 per cent lower at €2105.9m, to give a gearing level of 51.3 per cent, compared with... |