Cement News tagged under: business results
Semen Indonesia26 March 2018, Published under Cement NewsThe Semen Indonesia group has reported a 14.1 per cent YoY increase in cement sales volumes to 2.49Mt in January this year, according to the Indonesia Cement Association. This compares to 2.18Mt in the same month last year. Of this figure, 2.29Mt were sold to the domestic market, representing 8.1 per cent growth on the 2.12Mt recorded in January 2017. The export market was even more impressive, with volumes advancing by 211 per cent YoY to 202,415t in January 2018. For the full year 2017,... |
Sephaku Cement posts 16% fall in profits in 201723 March 2018, Published under Cement NewsDangote-owned Sephaku Cement has posted a 16 per cent drop in its full-year profit, despite revenue increasing by 3.7 per cent to ZAR2.37bn (US$201.1m) in 2017. The South Africa-based company turned a profit of ZAR73.9m in the 2H17, compared with a loss of ZAR16.1m in 1H17, resulting in full-year profit of ZAR58.7m. This was a 16 per cent decrease on the previous year’s profit of ZAR68.9m. EBITDA for the full year was 21.3 per cent, compared with 23.1 per cent in 2016. Sephaku Cement stat... |
China Tianrui records revenue increase for 201723 March 2018, Published under Cement NewsChina Tianrui Group Cement has announced that its profit attributable to owners rose 238.6 per cent YoY for the full-year 2017 period, increasing to CNY1bn (US$158.47m) from CNY295.8m. Revenue advanced 40.1 per cent on the previous year, reaching CNY8.42bn. Gross profit grew by 58 per cent YoY to CNY2.40bn, while the gross profit margin rose to approximately 28.5 per cent. This has been attributed to a greater increase in cement and clinker prices than in production costs. |
RAK White Cement to pay dividends worth AED25m23 March 2018, Published under Cement NewsUAE-based RAK White Cement has approved the Board’s recommendation to distribute five per cent of capital as cash dividends for the FY17. The company will pay five fils per share to the entitled shareholders, amounting to a total of AED25m (US$6.81m). RAK’s preliminary financial results for the FY17 show a 27.6 per cent YoY fall in profits to AED30.42m, compared to AED42m of FY16. The company’s capital currently stands at AED500.16m, according to Mubasher. |
Dangote Cement records 31% revenue increase in 201721 March 2018, Published under Cement NewsDangote Cement Plc has announced its unaudited results for the full-year 2017 period, which show a 31 per cent YoY increase in revenue to NGN805.6bn (US$2.24bn) from NGN615.1bn. Revenue attributable to Nigeria grew by 29.6 per cent YoY, with the sales from the company’s three plants in the country contributing NGN552.36bn. The remaining NGN258.44bn was generated by plants in other African countries, with the revenue of Dangote’s pan-African operations rising 32.5 per cent. Profit after ta... |
RHI Magnesita announces adjusted pro-forma revenue of EUR2677.2m21 March 2018, Published under Cement NewsRHI Magnesita saw pro-forma revenue up 11 per cent in 2017 to EUR2677.2m for its steel and industrial divisions. The results include consolidated 10-month results for RHI and two-month reporting for RHI Magnesita. RHI Magnesita's two-month revenue amounted to EUR1946.1m, up 17.9 per cent over the previous year. Reported revenue from the Industrial division amounted to EUR577.6m. Reported EBITDA amounted to EUR56.7m in 2017 with a margin of 2.9 per cent. Adjusted pro-forma revenue of th... |
PT Semen Indonesia announces 56% fall in net income19 March 2018, Published under Cement NewsPT Semen Indonesia has announced an almost 56 per cent YoY drop in net income for the full-year 2017 period, decreasing to IDR2.01trn (US$146m) from IDR4.52trn. According to a Thomson Reuters I/B/E/S poll, the results fell beneath the average estimate of IDR2.28trn expected for the year. |
Eagle Cement's net profit rises to US$82m16 March 2018, Published under Cement NewsPhilippine-based Eagle Cement Corp increased its net profit last year by four per cent to PHP4.26bn (US$82m) on strong sales volumes. Excluding expenses from its initial public offering, net profit rose by five per cent to PHP4.33bn last year, the company disclosed to the Philippine Stock Exchange on Friday. Eagle Cement reached PHP14.87bn in net sales in 2017, a 12 per cent YoY increase. "We have continued to beat our operational targets in terms of volume growth and cost efficiencies.... |
Yanbu Cement reports 39% fall in profit for 201716 March 2018, Published under Cement NewsSaudi Arabia’s Yanbu Cement has reported a 39.4 per cent YoY decrease in profit for the full-year 2017 period, falling to SAR319m (US$85.07m) from SAR526m. The company has attributed the results to a decline in sales volume and the average price of sales, according to Mubasher. In the 4Q17 profit dropped 7.7 per cent to SAR96m, compared with SAR104m of the year-ago period. |
NCC announces 39% drop in profit for 201716 March 2018, Published under Cement NewsDubai-based National Cement Company (NCC) has announced a 38.7 per cent YoY decrease in profit during the full-year 2017 period, to AED53.58m (US$14.59m) from AED89.02m. According to a company statement, the board has recommended the distribution of AED53.8m in cash dividends for 2017, with a per-share dividend of AED0.15, as a result. The projected dividends account for 15 per cent of its capital. |