Cement News tagged under: business results
PPC 1H17 earnings strong on robust Zimbabwe and Rwanda sales23 November 2017, Published under Cement NewsSouth Africa’s PPC Ltd reported in its inaudited 1H17 accounts a 36 per cent YoY rise in first-half earnings, supported by a strong performance in Zimbabwe and Rwanda. Headline earnings per share increased from ZAR0.14 to ZAR0.19 per share. Group revenue edged up one per cent to ZAR5.188bn from ZAR156m in the comparable year-ago period, while EBITDA advanced four per cent to ZAR1.2bn. Volumes sold increased by two per cent to around 3Mt. Net profit attributable to PPC shareholders increas... |
Dandot Cement loss increases in 1QFY1722 November 2017, Published under Cement NewsPakistan's Dandot Cement Co Ltd (DCCL) reported a loss after tax of PKR-110m in the first quarter ended 30 September 2017,compared to a loss of PKR-64m in 1QFY16. Net sales declined 43.6 per cent to PKR289m in 1QFY2017 from PKR512m in the year-ago period. Distribution costs advanced from PKR0.8m to PKR1m YoY while administrative expenses increased from PKR4m to PKR5.6m. |
CRH sees a 3% revenue increase in 3Q1721 November 2017, Published under Cement NewsCRH has reported a three per cent increase in revenue for the third quarter of 2017. The group's EBITDA has also risen two per cent YoY for the 3Q. The company’s trading performance has particularly benefitted from underlying growth in the Americas throughout the period. Elsewhere, the 3Q results from Europe have remained positively consistent with the rest of the year while performance in Asia has deteriorated. CRH has announced for the nine months of 2017 ended September, a two per cent... |
Votorantim Cimentos reports stable 3Q revenues but drop in adjusted EBITDA16 November 2017, Published under Cement NewsIn its third-quarter 2017 results announcement Brazil’s Votorantim Group reported a one per cent increase in the net revenues of Votorantim Cimentos to BRL3.208bn (US$968.2m) from BRL3.19bn in 3Q16. Adjusted EBITDA fell 27 per cent YoY to BRL521m in 3Q17 from BRL715m in the year-ago period. The company’s EBITDA margin stood at 16 per cent. Brazilian results were negatively impacted by a BRL134m non-recurring tax adjustment, leading to a fall in adjusted EBITDA of 45.4 per cent YoY, accord... |
Prism Cement sees rise in 2Q17 EBITDA16 November 2017, Published under Cement NewsPrism Cement has posted a 50.4 per cent YoY rise in EBITDA for the 2Q17 period ended 30 September 2017 to INR376m (US$5.78m). The resulting EBITDA margin for the second quarter was 3.2 per cent. The company’s revenue fell 7.7 per cent on a comparable basis to INR11.6bn 2Q17 from INR12.62bn in 2Q16. The first six months of the current financial year has seen Prism report EBITDA of INR1.14bn. In comparison to the same period of the previous year, this is a minor decrease of 5.3 per cent. Si... |
Star Cement announces 90% net profit increase16 November 2017, Published under Cement NewsStar Cement reported a standalone net profit of INR219.9m (US$3.37m) for the 2Q17 period ended 30 September 2017, a 89.9 per cent increase from the INR108m seen in the year-ago period. The revenue for the company fell to INR2.57bn from INR2.89bn in 2Q16. Star Cement reported EBITDA of INR530m for the second quarter of 2017, according to The Economic Times. The cost of expenses decreased to INR2.32bn from INR2.78bn of the corresponding quarter in 2016. In 1H17 the company saw a net profit... |
Alexandria Cement losses widen to EGP359m15 November 2017, Published under Cement NewsAlexandria Cement, Egypt, reported audited financial results for 9M17 ended 30 September 2017 with consolidated losses widening to EGP-358.78m (US$-20.3m) when compared with EGP-85.17m in the year-ago period. In addition, standalone net losses increased from -EGP177.6m to EGP-281m over the same period. |
Taiwan Cement plans to create 20MW of green energy14 November 2017, Published under Cement NewsTaiwan Cement Corp plans to spend TWD980m (US$32.45) on a green energy project at the Changhua Coastal Industrial Park. The project involves the development of photovoltaic systems and onshore wind farms, according to the Taipei Times. The project intends to regenerate the company’s unused facilities at the industrial park. Due to begin operations in 2Q18, it is expected that 20MW of electricity will be produced when fully operational. Alongside these plans, Taiwan Cement released its ... |
Sinai Cement swings into the red in 9M1714 November 2017, Published under Cement NewsEgypt’s Sinai Cement has reported losses of EGP-253.5m (US$-14.4m) in the first nine months of the year, against profits of EGP21.8m in 9M16, as shown by the company’s independent financial statements. During the nine-month period, sales rose to EGP939.29m, up 1.1 per cent from EGP929.22m in the year-ago period. Sales costs quadrupled to EGP972.2m from EGP235.3m. |
Cementos Argos raises cement volumes by 16.7% in 3Q1713 November 2017, Published under Cement NewsCementos Argos reports in its 3Q17 results that consolidated cement volumes reached 4.2Mt, with a 16.7 per cent increase driven by positive dynamics in the company's operating regions and the consolidation of the Martinsburg plant operation. Concrete volumes decreased 6.1 per cent, due to the performance of Texas and Colombia. The adjusted EBITDA, excluding no-recurring items associated to the BEST programme, closed in COP428bn (US$143.2m), compared to COP398bn in 3Q16, with a 19.5 per... |