Cement News tagged under: Results
GCC posts quarterly first quarter net loss, Mexico29 April 2013, Published under Cement NewsMexican cement producer Grupo Cementos de Chihuahua (GCC) posted a net loss of MXN98.6m (US$8.1m) in 1Q13 down from MXN109m in the same period of last year. Unfavourable winter weather conditions in the US, the firm's largest market, and the peso appreciation against the US dollar negatively impacted the 1Q13 top line, with sales decreasing to MXN1.44bn from MXN1.5bn a year earlier. Operating costs also rose 2.8 per cent YoY as the operative result went into the red, dropping to MXN8m. ... |
Vicat advances in Asia and Americas26 April 2013, Published under Cement NewsVicat's first quarter turnover was ahead by 1.2 per cent to EUR491m, which represents an underlying improvement of 2.7 per cent. Cement turnover was up by 1.8 per cent to EUR304m, with cement shipments advancing by eight per cent to 4.1Mt. Turnover in concrete and aggregates rose by 6.7 per cent to EUR181m as aggregates shipments rose by 10.1 per cent to 4.73Mt and ready-mixed concrete deliveries jumped by 21.7 per cent to 1.8Mm³. Other products and services registered a 0.4 per cent incr... |
Dangote Cement net profit boosted by increased capacity25 April 2013, Published under Cement NewsDangote Cement Plc, Nigeria’s largest cement producer said full-year profit gained 24 per cent attributed to increased capacity improving sales. Net income for the year through December advanced to NGN149.6bn (US$941.8m) from NGN120.9bn earlier, the company said in an e-mailed statement. Revenue rose 24 per cent to NGN298.5bn. Chairman Aliko Dangote, said new capacity accounted for a 20 per cent increase in sales. “By the end of 2012 we were preparing to make Nigeria an exporter of c... |
Steppe Cement’s full-year profit rises on increased sales and prices25 April 2013, Published under Cement NewsKazakhstan-based cement producer Steppe Cement Ltd on Wednesday confirmed that pretax profit more than doubled in the year ended 2012 thanks to sales that were up by almost 10 per cent YoY and higher prices. Group revenue rose to US$120.17m for the year compared to US$96.11m in 2011 while pretax profit was US$12.04m compared to US$5.55m the year before. Cement sales increased by 9.8 per cent to 1.35Mt against 1.23Mt in 2011 while selling prices rose 14 per cent, well over the overall in... |
Siam Cement first quarter net profit rises 47% YoY, Thailand24 April 2013, Published under Cement NewsSiam Cement reported a 47 per cent is first quarter net profit, mainly due to advances in its cement and petrochemical business. The Thai conglomerate posted a net profit of THB8.8bn (US$805m) for the three months to the end of March 2013, up from THB5.97bn from a year earlier. Its cement and building materials business posted strong domestic demand thanks to a lively construction sector. Steady growth witnessed over the 2011-12 period in the Thai cement market is expected to continue ... |
UltraTech Cement quarterly net profit falls 16.3%, India23 April 2013, Published under Cement NewsUltraTech Cement on Monday announced a 16.3 per cent YoY fall in quarterly profit, which it attributed to an increase in railway freight costs and diesel prices. The company reported standalone profit of INR7.26bn (US$134.26m) for the January-March quarter. Net sales rose one per cent to INR53.89bn and combined cement and clinker sales of grey cement were almost flat at 11.13Mt for the quarter. Fortunately, there was some respite as coal prices softened during the quarter. Brokerage firm J... |
Anhui Conch reports first quarter decline, China23 April 2013, Published under Cement NewsChina’s second-largest cement producer by capacity, Anhui Conch Cement, reported a decline in first-quarter net profit but an improved pricing environment has begun to emerge in the company’s key regional markets. Conch said its net profit attributable to shareholders for the first three months of 2013 declined 22.18 per cent YoY to CNY972m. Operating revenue was CNY9.91bn, an increase of 11.8 per cent from a year earlier. On its outlook, Morgan Stanley said: "we still like Conch's... |
Positive earnings outlook for Siam Cement, Thailand23 April 2013, Published under Cement NewsSiam Cement Plc (SCC) of Thailand is expected to post good earnings growth thanks in part to domestic demand for cement and building products remaining strong. According to analysts at KGI Securities, SCC is likely to report a 1Q13 net profit of THB7.5bn, up 25.9 per cent YoY and 8.7 per cent QoQ thanks to a solid performance from the cement unit and clear signs of upturns for the chemical and paper units, which should help increase 1Q13 EBITDA margin to 11.4 per cent from 9.6 per cent in... |
Eastern Province Cement Co net profit rises 4.8% YoY22 April 2013, Published under Cement NewsEastern Province Cement Co has announced a 4.8 per cent YoY rise in net profit to SAR109m (US$29m) in 1Q13 compared to SAR104m in the same period of last year. The increase is attributed to the improved results of an associated company and increases in other incomes. Compared to the previous quarter, net profit rose 2.8 per cent from SAR106m in 4Q12 attributed to increases sales and a decrease in general administrate expenses. |
BBMG expects to post first-quarter loss22 April 2013, Published under Cement NewsChina-based cement producer BBMG Corp said it expects to record a loss attributable to shareholders of about CNY60m (US$9.7m) for the first quarter of 2013 compared to CNY294m profit in the same period of last year. The loss is attributed to lower selling prices in the areas in which BBMG’s subsidiaries operate due to lower demand. (Source: ET Net News Agency). |