Cement News tagged under: business results
Maple Leaf Cement profit down 4%19 September 2018, Published under Cement NewsPakistan’s Maple Leaf Cement has reported a 4.2 per cent YoY fall in its profit after tax for the year ended 30 June 2018. Profit for the period came in at PKR4.572bn (US$37.1m) with earnings per share of PKR7.92. Sales for the year improved by 7.5 per cent to reach PKR25.684bn, compared to PKR23.885bn in the year-ago period. However, the cost of sales surged by 25 per cent YoY due to rising coal prices. Gross profit was down 21 per cent YoY, according to Reuters. The company declared an int... |
Steppe Cement posts 22% turnover increase in 1H1818 September 2018, Published under Cement NewsKazakhstan’s Steppe Cement recorded a 22 per cent increase in consolidated turnover to US$32.8m for the 1H18 period. Profit after tax rose to US$200,000 in the period, up from a US$300,000 loss in the 1H17. The company also noted that production across all facilities in Kazakhstan advanced by 14 per cent to 4.8Mt in the first half of the year. While the construction industry remains strong in the western and southern regions of the country, the momentum of production is not expected to be ... |
Votorantim Cimentos sees 15% rise in 1H turnover14 September 2018, Published under Cement NewsVotorantim Cimentos saw its first-half turnover improve by 14.9 per cent in 1H18 to BRL5738m (US$1365m) when compared with 1H17. The Brazilian producer’s cement sales advanced by 18 per cent YoY to BRL4191m and the aggregates turnover rose by 52.9 per cent to BRL198m.While the turnover in ready-mixed concrete was a more modest 8.7 per cent ahead at BRL1019m, the turnover in other products and services declined by 11.7 per cent to BRL330m. The company’s trading profit came off by 13.2 per ... |
Thatta Cement reports 22% drop in net sales for FY17-1814 September 2018, Published under Cement NewsPakistan’s Thatta Cement has recorded a 22.3 per cent YoY fall in net sales to PKR2.84bn (US$23.03m) for the FY17-18 period, ended 30 June 2018. Operating profit decreased 38.4 per cent to PKR563.2m (FY16-17: PKR913.69m), while net profit slipped 38.7 per cent to PKR356.86m (FY16-17: PKR581.99m). Consolidated net sales saw a minor decline of 0.8 per cent to PKR3.79bn, compared with PKR3.82bn of the FY16-17. Consolidated operating profit was down 10.5 per cent YoY to PKR987.63m. However, ne... |
Tanga Cement reduces loss12 September 2018, Published under Cement NewsTanga Cement reported a net loss after tax of TZS1.8bn (US$ 788,135) for the first half of 2018, a marked improvement of its business results when compared to 1H17 when losses reached TZS14.6bn. The company’s operating profit for the six-month period reached TZS6.7bn, an advance when compared with the TZS4.3bn operating loss for the equivalent period in 2017. “Our interim half year results will be published in the coming two weeks….They will show you a clear picture of how our turnaroun... |
Saudi cement sales drop 26% in August12 September 2018, Published under Cement NewsSaudi-based cement companies reported a decrease in sales of around 26 per cent in August to 2.76Mt from 3.7Mt in August 2017, according to data from Al Yamama Cement. The producer also reported a YoY fall in total output of 27.7 per cent YoY to 2.74Mt in August. Cement stocks were slightly lower by 0.6 per cent to 1.16Mt. While Southern Cement led sales at 463,000t, it noted a 1.7 per cent YoY drop from 471,000t in August of the year before. Saudi Cement followed with 355,000t, down eight... |
Breedon's unaudited 1H18 results see revenues up 16%05 September 2018, Published under Cement NewsBreedon Group Plc's interim results (unaudited) for 1H18 saw revenues up 16 per cent to GBP378.4m (US$378.4m) from GBP326.3m in 1H17. Profit before tax reached GBP30.4m down three per cent on GBP31.2m in 1H17. Net debt stood at GBP383.6m compared with GBP146.8m in 1H17. The company reported that it sold 9.3Mt of aggregates and 1.2Mt of asphalt and 1.6Mm 2 of ready-mix concrete in the period under review. Underlying EBIT stood at GBP42m up 17 per cent on GBP35.8m in 1H17. During the 1H... |
Vicat03 September 2018, Published under Cement NewsVicat's 1H18 turnover improved by 2.7 per cent to EUR1281m, or by 9.6 per cent on a comparative basis. EBITDA advanced by 4.5 per cent to EUR197m, or by 12.3 per cent on a comparative basis. The margin improved from 15.1 to 15.4 per cent. The trading profit rose by 21.3 per cent to EUR104m, while the net interest charge was EUR1.8m lower at EUR11.1m, giving an attributable profit 47.2 per cent higher at EUR59m. The net debt at the end of the period amounted to EUR895m, an 11 per cent reduct... |
Buzzi Unicem03 September 2018, Published under Cement NewsBuzzi Unicem's first-half turnover declined by 1.2 per cent to EUR1337.4m. EBITDA came off by 5.7 per cent to EUR227.4m. Group cement deliveries improved by 3.8 per cent to 12.9Mt, but ready-mixed concrete deliveries eased by 0.7 per cent to 5.9Mm³. The depreciation and impairment charges declined by 4.2 per cent to EUR104m and the first-half trading profit was 6.8 per cent lower at EUR123.5m. The interest charge declined by 10.4 per cent to EUR10.2m and the pretax profit eased by 6.4 per ce... |
CRH03 September 2018, Published under Cement NewsCRH's first-half turnover edged ahead by 0.8 per cent to EUR11,944m and EBITDA was up by 0.9 per cent to EUR1130m. The underlying trading profit eased by 2.5 per cent to EUR592m. After a net interest charge four per cent lower at EUR144m and a profit on disposals seven per cent higher at EUR46m, the pretax profit improved by 4.6 per cent to EUR497m. Following a EUR1083m profit from discontinued operations, the net attributable result rose from EUR372m to EUR1461m. Net debt at the end of June... |