Cement News tagged under: business results
Buzzi Unicem04 December 2017, Published under Cement NewsBuzzi Unicem's turnover for the first nine months was 6.7 per cent higher at EUR2133.4m, but no EBITDA or other profit numbers have been given this time. Net debt at the end of September was 2.8 per cent lower at EUR915.2m compared with a year earlier. Capital investment in the period was 10.7 per cent lower at EUR158m. Cement deliveries were 4.1 per cent ahead at 20.3Mt and ready-mixed concrete deliveries improved by 4.8 per cent to 9.2Mm³. The Italian turnover showed a recovery and r... |
HeidelbergCement04 December 2017, Published under Cement NewsHeidelbergCement's turnover rose by 19 per cent to EUR13,004m in the first nine months of 2016 and EBITDA was 13.4 per cent higher at EUR2405m. At the trading level, the profit improved by 6.7 per cent to EUR1578m and after a net interest charge 21.5 per cent lower at EUR285m and a contribution from investments some 40 per cent lower at EUR40m, the pretax profit was 23.1 per cent ahead at EUR1291m. The net attributable profit advanced by 31.3 per cent to EUR768m. The net debt at the end o... |
Cemento Melon sees 57% 3Q profit drop30 November 2017, Published under Cement NewsCemento Melon, Chile, reported a 56.8 per cent drop YoY in profits to CLP5bn in 3Q17. Sales have fallen 13.6 per cent to CLP136.5bn when compared with the year-ago period, when revenues reached CLP108.669m. The cement producer has attributed the decrease to a contraction in the construction market. The company, which is owned by the Peru-based Brescia Group, said the fall in sales has been partially offset by a greater focus on margins and the introduction of operational efficiency pl... |
CMS sees 3Q profit rise30 November 2017, Published under Cement NewsMalaysia's Cahya Mata Sarawak Bhd (CMS) reported 3Q17 consolidated revenues of MYR347.968m (US$85.12m), down 2.3 per cent from MYR356.06m in 3Q16. Profit before tax edged up from MYR94.744m in 3Q16 to MYR95.58m one year later while profit attributable to ordinary equity holders of the parent company rose 5.7 per cent YoY from MYR58.715m to MYR62.04m. The group attributed the improvement in profit to lower production costs in the cement division. In its outlook, CMS expected the operat... |
Cemento Polpaico sees CLP-2.28bn loss in 9M1728 November 2017, Published under Cement NewsChile’s Cemento Polpaico has reported a loss of CLP-2.281bn (US$3.58m) in the January-September 2017 period. This compares with a profit of CLP4.1534bn in the year-ago period. In terms of revenues, the company reported a figure of CLP96.337bn, down 11.4 per cent when compared with CLP108.67bn in 9M16. |
Joey Ghose new CEO of Raysut Cement28 November 2017, Published under Cement NewsOman’s Raysut Cement Co has appointed Joey Ghose as new CEO of the company, effective 2017, reports the company in a filing to the Muscat Securities Market. It is expected Mr Ghose will bring his extensive experience in the cement industry to bear as he addresses the challenges faced by the company. Changes to the income tax law in Oman resulted in a 60 per cent fall in 9M17 profit for the producer and local market competition and tough export markets have contributed to lower sales volum... |
Cementos Argos27 November 2017, Published under Cement NewsIn the third quarter of 2017, Cementos Argos sold 4.2Mt of cement, up 16.7 per cent on the 3.5Mt recorded in the same period last year. According to the company, the increase was driven by positive dynamics in the regions where it operates, along with consolidation of its Martinsburg operation in the USA. Over the same period, adjusted EBITDA, excluding non-recurring items associated with the company’s BEST programme, improved by 7.5 per cent YoY to reach COP428bn (US$143.7m) with a 19.5 ... |
Semen Indonesia27 November 2017, Published under Cement NewsIn October 2017 Semen Indonesia sold 2.9Mt of cement, an 11.8 per cent increase on the same month last year. The domestic market claimed 2.77Mt of this with exports taking the remainder. Domestic sales were up 8.8 per cent compared to October 2016, while exports grew by 131.2 per cent. Looking at total sales, Semen Gresik accounted for the majority of sales with 1.56Mt in October 2017, up 13 per cent YoY, followed by Semen Padang with 758,326t (up 8.5 per cent YoY) and Semen Tonasa with 5... |
PPC27 November 2017, Published under Cement NewsIn the six months ended 30 September 2017, PPC recorded a one per cent rise in group revenue to ZAR188m (US$13.7m), compared to ZAR156m a year earlier. Total cement volumes over the period increased by two per cent to approximately 3Mt. Group EBITDA grew by four per cent to ZAR193m with an EBITDA margin of 23 per cent. Corporate action and other non-recurring expenses amounted to ZAR53m, while the impact of a stronger exchange rate reduced EBITDA by ZAR43m on a comparable basis. Excluding... |
PT Indocement27 November 2017, Published under Cement NewsPT Indocement has recorded a 5.2 per cent increase in sales volume in the opening nine months of 2017. Sales for the period have come in at 12.9Mt, compared to 12.2Mt in the same period last year. Domestic sales accounted for 12.7Mt, representing 6.7 per cent growth YoY, while exports have tumbled by 52.9 per cent to 141,000t. Net revenue for the nine months registered a 7.3 per cent contraction YoY to IDR10.5trn (US$776.9m), while EBITDA fell by 34.3 per cent to IDR2.3trn. According ... |