Cement News tagged under: business results
CRH04 April 2018, Published under Cement NewsCRH's turnover improved by 1.7 per cent YoY to EUR27,563m in 2017. EBITDA was ahead by 5.8 per cent to EUR3310m. The trading profit advanced by 10.4 per cent to EUR2238m. The net interest charge was 8.8 per cent lower at EUR289m and the pretax profit improved by 15.6 per cent to EUR2013m. A EUR447m US tax credit brought the tax rate down from 27.1 per cent in 2016 to just 4.7 per cent in 2017, but the underlying rate was little changed at 26.9 per cent. As a result, the net attributable prof... |
Cimpor04 April 2018, Published under Cement NewsArgentina's Loma Negra, part of Camargo Corrêa Group, saw cement volumes increase by 18.6 per cent in 2017 to 6.99Mt, which was a record figure. Of this, Argentina provided 6.62Mt and Paraguayan volumes 0.57Mt. Ready-mixed concrete deliveries amounted to 0.82Mm³, an increase of 36.6 per cent, while the aggregates volume 10.1 per cent ahead at 1.07Mt. A new crusher is anticipated to start production during the second quarter of this year, which should enable the aggregates production to be... |
Cementir04 April 2018, Published under Cement NewsCementir Holding's turnover in 2017 advanced by 25.3 per cent YoY to EUR1287.5m and EBITDA improved by 11.5 per cent to EUR220.5m. As regards the continuing business, the turnover advanced by 10.9 per cent to EUR1140m and EBITDA emerged 13.3 per cent ahead at EUR224.2m, while now disposed-of Cementir Italia generated a turnover of EUR147.6m but made a EUR3.7m toss at the EBITDA level. Group shipments of grey and white cement, and clinker, increased by 26.6 per cent YoY to 12.8Mt, while th... |
Lafarge Cement Zimbabwe reports 4% revenue decline in 201704 April 2018, Published under Cement NewsLafarge Cement Zimbabwe Ltd posted a loss of US$609,589 for the year ended 31 December 2017. Revenue during the period under review fell 4.14 per cent to US$58.4m from US$61m recorded at the end of 2016. Total current liabilities rose by 9.2 per cent to US$38.18m. Lafarge Cement Zimbabwe Chairman, Kumbirai Katsande, said a full-year sales decline of four per cent was recorded with reduced volumes, which contributed to the loss. Heavy rainfall adversely affected cement stocking patterns... |
Tanzania Portland Cement's profits fall to TZS35.5bn in FY1703 April 2018, Published under Cement NewsTanzania Portland Cement Company Ltd (TPCC), also known as Twiga Cement, recorded a net profit of TZS35.5bn (US$15.6m) last year, lower than TZS39.8bn (US$17.6m) recorded in 2016. According to unaudited financial results for the year ending December 2017, the fall of net profit was a result of increase income tax, decrease in price and sale costs. Income tax nearly doubled to TZS30bn in 2017 from TZS17.6bn in 2016, while costs of sale also went up to TZS184bn from TZS170bn in 2016. ... |
CMS records 4% increase in revenue for 201730 March 2018, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Berhad (CMS) has released its results for the full-year 2017 period, recording a 4 per cent YoY increase in revenue to MYR1.61bn (US$415.67m) from MYR1.55bn. The group also announced a 26 per cent rise in profit after tax and non-controlling interests (PACNI), to MYR213.21m from MYR169.18m. The cement division was amongst the main contributors to the group's revenue, despite revenue of the divison falling 7.5 per cent YoY to MYR520.91m (2016: MYR563.07m). ... |
Buzzi Unicem Full Year 2017 results29 March 2018, Published under Cement NewsIn 2017 Buzzi Unicem group sold 26.8Mt of cement (+4.4 per cent compared to 2016) and 12.3Mm 3 of ready-mix concrete (+3 per cent YoY). Consolidated net sales increased by 5.1 per cent, from EUR2669.3m to EUR2806.2m. EBITDA decreased by 7.7 per cent from EUR550.6m to EUR508.2m. The foreign exchange effect was negative for EUR2m. The figure for the year under review includes non-recurring costs of EUR68.2m, of which EUR59.8m for antitrust sanctions inflicted to the Italian cement sector, ... |
Bamburi Cement reports 66% fall in net profit for 201729 March 2018, Published under Cement NewsBamburi Cement has recorded a 66 per cent YoY fall in its net profit for the full-year 2017 period, decreasing to KES1.97bn (US$19.51m) from KES5.8bn. The results have been attributed to lower sales in Kenya after the prolonged election cycle, tightened liquidity and delayed projects, according to All Africa. Similarly, operating profit dropped 50 per cent to KES4.1bn as a result of lower revenue and higher energy prices. Overall, group turnover slipped KES2bn YoY to finish at KES36bn. ... |
Titan's 2017 turnover remains stable at EUR1506m28 March 2018, Published under Cement NewsTitan's 2017 consolidated turnover remained stable, at EUR1505.8m, a marginal 0.2 per cent decline compared to 2016. EBITDA reached EUR273.4m, a 1.9 per cent decrease. Non-recurring events (staff redundancy programmes in Egypt and Greece and hurricane Irma in Florida) had a negative impact on EBITDA of about EUR1m, against EUR6.7m of such costs in 2016. Net profit after minorities and the provision for taxes was EUR42.7m, compared to EUR127.4m in 2016. Annual results strengthened on t... |
CCNN record 39% increase in revenue for 201727 March 2018, Published under Cement NewsCement Company of Northern Nigeria (CCNN) Plc has announced a 39 per cent YoY increase in revenue for the full-year 2017 period, to NGN19.59bn (US$54.41) from NGN14.09bn. Despite the cost of sales rising 18 per cent to NGN11.98bn, profit after tax advanced 157 per cent to NGN3.22bn (2016: NGN1.25bn). As a result, the directors of the company have approved a dividend of NGN1.57bn, or 125 kobo per share, for the shareholders. |