Cement News tagged under: business results
InterCement04 December 2018, Published under Cement NewsIntercement’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... |
Votorantim04 December 2018, Published under Cement NewsThe 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 Unicem04 December 2018, Published under Cement NewsBuzzi 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... |
CRH04 December 2018, Published under Cement NewsIn 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... |
HeidelbergCement04 December 2018, Published under Cement NewsHeidelbergCement’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... |
LafargeHolcim04 December 2018, Published under Cement NewsLafargeHolcim 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 strength30 November 2018, Published under Cement NewsThis 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 ... |
Cementarnica Usje reports 10% fall in net profit28 November 2018, Published under Cement NewsMacedonia’s Cementarnica Usje has reported a 10 per cent YoY fall in its consolidated net profit to MKD777.7m (US$14.3m) for the 9M18, while operating revenue dropped three per cent to MKD3.35bn. The decline in operating revenue has been attributed to lower revenue from foreign markets in the first nine months of the year, which decreased six per cent to MKD1.1bn. Domestic sales revenue remained flat at MKD2.15bn. |
YTL Corp records 11.3% net profit decline26 November 2018, Published under Cement NewsMalaysia’s YTL Corp saw a 11.3 per cent decrease in net profit for the 1QFY19, falling to MYR125.79m (US$30m) from MYR141.82m in the year-ago period. The decline has been attributed to lower contributions from its cement manufacturing and trading, utilities and property segments. "The outlook for the cement industry remains highly competitive among industry players and the segment is expected to achieve satisfactory performance for FY19," stated the company. Company revenue in the first qu... |
Cementos Polpaico swings into black in 9M1826 November 2018, Published under Cement NewsChile-based Cementos Polpaico has reported revenues of CLP121.321bn (US$ 179.8m) in January-September 2018, representing a 25.9 per cent YoY increase. In addition, the company has achieved a rise in net profits to CLP3.15bn, a considerable improvement when compared with losses of CLP2.281bn in the previous-year period. In a year, the cement producer renewed its brand image and presented a new corporate image that is part of its development strategy following the entry of the Hurtado Vi... |