Cement News tagged under: business results
Cementir02 April 2019, Published under Cement NewsCementir Holding's adjusted turnover in 2018 improved by 4.9 per cent YoY to EUR1196.2m and EBITDA advanced by 7.1 per cent to EUR238.5m, while the trading profit showed a nine per cent improvement to EUR153.2m. Net debt at the end of 2018 was 53 per cent lower at EUR255.4m when compared with the year-ago period, largely thanks to the sale of Cementir Italia to HeidelbergCement, while purchasing an additional 38.75 per cent of Lehigh White Cement Co, taking its stake to 63.25 per cent. Gr... |
InterCement02 April 2019, Published under Cement NewsArgentina's Loma Negra, part of InterCement, generated a 7.9 per cent YoY increase in turnover to the equivalent of US$789m, helped by a favourable pricing environment in Argentina. When compared to the year-ago period, in 2018 the turnover improved by 1.9 per cent in Argentina and by 24.2 per cent in Paraguay. EBITDA advanced by 14.5 per cent to US$220m, with the margin improving to 26.6 per cent. over the same period. Net financial costs increased, with the year end debt amounting to US$81... |
HeidelbergCement02 April 2019, Published under Cement NewsWith a turnover advancing by 4.7 per cent to EUR18.074.6m, EBITDA came off by 6.8 per cent to EUR3074.1m and the trading profit was 9.3 per cent lower at EUR1983.7m in 2018 when compared with 2017. However, over the same period the net financial charge was 12.3 per cent lower at EUR366.7m, giving a pretax profit was 4.5 per cent higher at EUR1764.5m. The tax charge was 19.9 per cent lower at 464.1m. After a reduced loss from discontinued activities of EUR14.2m and minorities 1.9 per cent hig... |
A review of 9MFY19 performance of Pakistan’s cement industry02 April 2019, Published under Cement NewsIGI Securities has reviewed the performance of Pakistan's cement industry for the first nine months of FY18-19 (July 2018-March 2019). Provisional numbers show that cement dispatches for March 2019 declined by 12 per cent YoY to 4.11Mt. On a cumulative basis, this brings 9MFY18-19 total dispatches to 34.19Mt as against 34.76Mt, recorded in the same period last year, marking a fall of two per cent YoY. While local sales from southern Pakistan have grown by over 15 per cent during the nine-m... |
Cementos Argos01 April 2019, Published under Cement NewsIn 2018 Cementos Argos shipped 16Mt of cement and 10.3Mm 3 of concrete. This generated net income of COP291bn (US$93m) and EBITDA of COP1.54trn. The company ended the year with a net-to-debt EBITDA index of 3.7 times, compared to an index of 4.6 at the end of 2017. According to the company, a bond issue totalling COP500bn with an average life of 9.5 years, plus a new syndicated loan totalling US$600m “significantly improved the debt profile”. In the US 5.7Mt of cement and 7Mm 3 of conc... |
PPC01 April 2019, Published under Cement NewsS&P Global Ratings has downgraded PPC to one notch above non-investment grade due to the poor performance of its South Africa business. Weaker-than-expected profitability in the South Africa market has led S&P to expect an increase in PPC’s debt to EBITDA in the face of tightening competition and falling demand. In the nine months ending December 2018, PPC’s South Africa business increased prices by two per cent, while cement volumes came in three per cent down. S&P also noted that the marke... |
PT Semen Indonesia01 April 2019, Published under Cement NewsIn February 2019 Semen Indonesia sold a total of 3,095,309t of cement and clinker. This compares to 2,495,779t in the previous month. Semen Indonesia contributed 2,156,914t to the February total, mainly from domestic sales (1,856,142t) but also exports (300,772t). This was slightly down on the 2,357,381t reported in January this year. A further 133,457t was added by TLCC in February, made up of 40,541t to the domestic market and 92,916t in exports. Again this was slightly down on the 138,398... |
PT Indocement01 April 2019, Published under Cement NewsPT Indocement has booked domestic cement sales of 18.1Mt in 2018, up by 5.7 per cent YoY. Domestic cement demand in Indonesia increased by just 4.8 per cent last year, thereby raising Indocement’s market share from 25.3 per cent in 2017 to 25.5 per cent in 2018. To help meet clinker demand in the country, the company also increased its clinker sales by 47.6 per cent YoY to 960,000t. Overall, PT Indocement’s total sales volume in 2018 advanced by seven per cent to 19.2Mt, compared to 17.9Mt i... |
Anhui Conch01 April 2019, Published under Cement NewsAnhui Conch saw its revenue advance by 70.5 per cent YoY in 2018 to CNY128.4bn (US$19.1bn), in accordance with International Financial Reporting Standards. Net profit attributable to equity shareholders improved by 87.8 per cent over the same period to CNY29.9bn, while earnings per share came in at CNY5.63, also 87.8 per cent up. Last year saw the company report sales volumes of 368Mt of cement and clinker, up by 24.8 per cent YoY. By region, sales advanced by 43.7 per cent YoY in east Ch... |
Dangote Cement01 April 2019, Published under Cement NewsDespite heavy rains and uncertainties surrounding the Nigerian general election in February this year, Dangote Cement has reported a record financial performance for 2018, driven by a strong home market. Group revenue for the year came in 11.9 per cent up YoY at NGN901.2bn (US$2.49bn). Group EBITDA also increased, up by 12.1 per cent to NGN435.3bn, giving a 48.3 per cent margin. Nigerian EBITDA advanced by 10.2 per cent to NGN397.4bn, while pan-African EBITDA improved by 28.2 per cent to NGN... |