Cement News tagged under: business results

RSS feed

Bamburi Cement issues profit warning for 2018

07 December 2018, Published under Cement News

Kenya’s Bamburi Cement has issued a profit warning for the financial year ended December 2018, with investors expecting the company's lowest earnings in 10 years, according to Business Daily. "The Board of Directors (the "Board") of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment on the unaudited consolidated management accounts, the 2018 full year earnings of the Group are expected to decrease by more than 25 ...

Titan

04 December 2018, Published under Cement News

Titan's turnover declined by 1.8 per cent to EUR1101.9m in the first nine months of 2018 and EBITDA were down by 8.2 per cent to EUR196.9m, while in the third quarter EBITDA were ahead by 3.2 per cent to EUR74.7m. The pretax profit advanced by 11.5 per cent to EUR65.9m and the net attributable profit recovered strongly, rising by 51.8 per cent to EUR50.2m.  Net debt at the end of September was 3.4 per cent higher than a year earlier at EUR784m. The nine months’ capital expenditure was reduce...

Cementir

04 December 2018, Published under Cement News

Cementir's turnover for the first nine months of 2018 rose by 4.8 per cent to a re-stated EUR893.18m (US$1019.5m) thanks to the full consolidation of Lehigh White Cement from the second quarter of this year and a higher Asia-Pacific turnover, but the Eastern Mediterranean contribution was lower. EBITDA improved by 5.2 per cent to EUR163m and the trading was ahead by 6.2 per cent to EUR106.4m. After a net financial profit of EUR32.4m compared with a charge of EUR10.8m, the pretax profit jumpe...

InterCement

04 December 2018, Published under Cement News

Intercement’s Argentine subsidiary Loma Negra saw turnover in the first nine months decline by 8.3 per cent to US$613m, while in local currency terms there was a 42.3 per cent increase to ARS15,422m. EBITDA came off by 5.6 per cent to US$160m (ARS4018m, +46.5 per cent), while the net profit dropped by 46 per cent to US$34m (ARS806m, -12.9 per cent). Cement and lime volumes improved by 0.5 per cent to 4.68Mt in Argentina but declined by 4.2Mt in Paraguay to 0.42Mt, giving a virtually unchange...

Votorantim

04 December 2018, Published under Cement News

The Votorantim Cimentos nine-month turnover improved by 20.2 per cent to BRL3787.9m (US$985.9m). The trading profit jumped from BRL149.4m to BRL560.9m. The net interest charge declined by 43.3 per cent to BRL221.1m and the pretax profit line moved from a BRL190.1m loss to a BRL379.8m profit. At the net level, the swing was from a BRL315.9m loss to a profit of BRL263.6m.  In the third quarter, the cement volume eased by 0.5 per cent to 8.7Mt. In Brazil 3Q turnover improved by 14.9 per cent...

Buzzi Unicem

04 December 2018, Published under Cement News

Buzzi Unicem's turnover for the first nine months was up by 0.2 per cent to EUR2137.4m (US$2438.7m), but ignoring exchange rate movements the increase would have been 1.6 per cent. Net debt at the end of September was 21 per cent lower than a year earlier at EUR723.4m. Capital investment in the period was 38.5 per cent higher at EUR218.8m. Cement deliveries were 3.1 per cent ahead at 20.9Mt, but ready-mixed concrete deliveries eased by 1.8 per cent to 9.1Mm³. The Italian turnover was help...

CRH

04 December 2018, Published under Cement News

In its autumn trading statement, CRH said that its underlying turnover in the first nine months improved by one per cent in Europe, by four per cent in the Americas and by three per cent in Asia, giving an overall increase of three per cent to around EUR19,900m (US$22.7m), with a third quarter increase of four per cent. EBITDA was ahead by around two per cent in Europe and by three per cent in the Americas, but falling by some 44 per cent in Asia, giving a two per cent improvement at the gro...

HeidelbergCement

04 December 2018, Published under Cement News

HeidelbergCement’s turnover improved by 7.4 per cent to EUR13.375m (US$15.2m), with the third quarter rise being 9.9 per cent to EUR4943m. EBITDA were off by 1.6 per cent to EUR2,227m but improved by 2.2 per cent to EUR1039m in the third quarter. The trading profit declined by 10.6 per cent to EUR1411m, but the net attributable profit was 19 per cent ahead at EUR915m. The cement volume advanced by 3.7 per cent to 97.01Mt and the aggregates volume was 1.7 per cent higher at 232.91Mt. The read...

LafargeHolcim

04 December 2018, Published under Cement News

LafargeHolcim is selling its 80.6 per cent interest in Holcim Indonesia to Semen Indonesia, subject to government approval, for US$1411m. At present, the government-controlled Semen Indonesia has a market share of 40.8 per cent and LafargeHolcim is the third-largest producer with a share of 14.6 per cent. Combining the two without any disposals would give Semen Indonesia a share of 55.4 per cent. Holcim Indonesia has four cement works, two quarries and 33 ready-mixed concrete plants and a de...

PPC regains its strength

30 November 2018, Published under Cement News

This week, PPC Ltd has announced that possible price rises could be a feature of its strategy in South Africa heading into 2019. The news follows the company's reports of a solid set of half-year results for the period ended 30 September 2018 that saw revenues up eight per cent . While 

PPC has assessed the current domestic market as 'under pressure' due to weak consumer demand and a construction industry that is in 'distress', Johan Claassen, PPC's CEO, believes that now is the time to ...