Cement News tagged under: business results
Eagle Materials sees record revenues06 August 2018, Published under Cement NewsEagle Materials Inc saw its 1QFY18-19 revenues hit record levels at US$393.8m, up eight per cent YoY. Net earnings rose 12 per cent from US$54.882m in 1QFY17-18 to US$66.339m in 1QFY18-19. The company saw its results mainly impacted by a US$6.5m pretax increase in maintenance expenses, primarily due to the timing of the annual maintenance outage at the Fairborn cement plant, but also by a US$1.8m litigation loss at its Paperboard subsidiary and US$1.6m of start-up costs at its new frac san... |
Mangalam Cement reports net loss of INR153.2m06 August 2018, Published under Cement NewsIndia-based cement producer Mangalam Cement has reported a standalone net loss of INR153.2m for the quarter ended June 2018, compared with a net profit of INR121.1m in the quarter ended June 2017. Sales edged up one per cent to INR2.541bn in the 1QFY18-19 when compared with sales of INR2.516bn in the year-ago period. |
HeidelbergCement sees positive 2H1803 August 2018, Published under Cement NewsThis week HeidelbergCement reported on its 2Q18 results , which saw healthy growth in all business areas. Cement and clinker sales were up 3.5 per cent to 33.7Mt while aggregate volumes saw a 5.2 per cent rise to 85.7Mt. Ready-mix concrete sales volumes advanced 4.2 per cent to 12.7Mm 3 . Western and southern Europe saw total revenues advance by 5.3 per cent in 2Q18 to EUR1.363bn. Operating EBITDA decreased 2.1 per cent to EUR213m. Cement sales were particularly strong as volumes increas... |
Buzzi Unicem's 1H18 net sales fall to EUR1337.4m03 August 2018, Published under Cement NewsBuzzi Unicem's net sales for the 1H18 were down 1.2 per cent to EUR1337.4m compared to EUR1353.8m in 2017, while EBITDA decreased by 5.7 per cent from EUR241.1m to EUR227.4m. The currency trend had a net unfavourable impact of EUR72.2m on net sales and EUR18.8m on EBITDA. The income statement for the six months closed with a net profit of EUR123m, compared to EUR117.6m in the same period of 2017. Consolidated EBITDA amounted to EUR227.4m, versus EUR241.1m in 2017 (-5.7 per cent). Cement ... |
Tvornica Cementa Kakanj records 26% net profit increase03 August 2018, Published under Cement NewsBosnia’s Tvornica Cementa Kakanj (TCK) facility has recorded a 26.3 per cent YoY increase in net profit to BAM9.1m (US$5.4m) in the 1H18, according to its financial report. Operating revenue advanced 10.7 per cent to BAM35.6m, while operating costs also rose 6.4 per cent to BAM26.6m. TCK is majority-owned by Dutch-based CEEM Investment, a unit of HeidelbergCement. |
HeidelbergCement02 August 2018, Published under Cement NewsHeidelbergCement's 1H18 turnover edged ahead by 0.4 per cent to EUR8432m, while EBITDA declined by 11.8 per cent to EUR1188m. The group’s trading profit came down by 18.2 per cent to EUR647m. The net interest charge declined by 14.4 per cent to EUR155m and the pretax profit improved by 5.8 per cent to EUR629m and, helped by a lower tax charge, the net attributable profit improved by 30.2 per cent to EUR375m. Net debt at the end of June was 1.7 per cent lower than a year earlier at EUR9970m, ... |
Cementir02 August 2018, Published under Cement NewsCementir's underlying turnover improved by 5.7 per cent to EUR588.5m in first half of the year, as the improvements in Denmark, Belgium, Turkey, Malaysia and China as well as inclusion of Lehigh White Cement for three months offset lower results from Norway and Egypt as well as currency weakness in a number of countries. EBITDA improved by 9.5 per cent to EUR96m. The trading profit improved by 14.4 per cent to EUR58.5m. The net financial profit swung from a EUR10.7m loss to a profit of EUR35... |
Titan02 August 2018, Published under Cement NewsTitan's 1Q18 turnover declined by 7.9 per cent to EUR712.6m, while EBITDA came off by 14 per cent to EUR122.2m. Following a 3.3 per cent reduction in the depreciation charge, the trading profit declined by 21.2 per cent to EUR66.8m. After a net financial charge 12.3 per cent higher at EUR32m and other items, notably a positive swing in exchange rates, pretax profit did improve by 11 per cent to EUR35.2m. At the net attributable level, profit advanced from EUR13.9m to EUR24.8m. Capital invest... |
Cemex02 August 2018, Published under Cement NewsCemex' first-half turnover increased by 7.4 per cent to US$7184.9m, while EBITDA edged ahead by 0.2 per cent to US$1251.3m. The trading profit, however, declined by 16.2 per cent to US$805.2m while net interest payments declined by 37.6 per cent to US$335.4m and the pretax profit improved by 24.6 per cent to US$539.4m. A US$102.0m tax charge against a credit a year earlier, gave a net attributable profit of US$416.2m compared with US$626.0m. Equity shareholders' funds improved by 2.2 per cen... |
LafargeHolcim02 August 2018, Published under Cement NewsLafargeHolcim’s US subsidiary has acquired Tarrant Concrete, which is a leading ready-mixed concrete supplier in the Dallas-Fort Worth area. It operates three batching plants, has a staff of 90 and an annual turnover in excess of US$40m. Meanwhile in Cameroon, the new 0.5Mta cement works at Nomayos should commence production during the early part of 2019. ACC’s first half cement volume increased by 7.7 per cent to 14.35Mt and the ready-mixed concrete output advanced by 20 per cent to... |