Cement News tagged under: business results
LafargeHolcim01 November 2017, Published under Cement NewsThe Indian LafargeHolcim subsidiary Ambuja Cement sold 17.09Mt of cement during the first half of 2017, a YoY increase of six per cent with the third quarter showing an 11.6 per cent rise to 5.02Mt. The turnover advanced by 10.1 per cent to INR76.29bn, but EBITDA were only 3.1 per cent ahead at INR14bn. Net profit showed a 21 per cent rise to INR9.11bn. Including ACC, the cement volume was ahead by 8.1 per cent to 36.38Mt, while the turnover was ahead by 13.6 per cent to INR170.95bn and EBIT... |
Cemex01 November 2017, Published under Cement NewsDuring the first nine months of the year, Cemex cement shipments eased by 1.6 per cent to 51.31Mt, while ready-mixed concrete deliveries edged ahead by 0.1 per cent to 38.66Mm² and aggregates shipments by 0.2 per cent to 110.42Mt. Cemex turnover eased by 1.6 per cent to US$10,244.4m, while EBITDA was 7.3 per cent lower at US$1946.6m. The trading profit, however, did advance by three per cent to US$1387.8m, while the net interest charge declined by 11.1 per cent to US$791.3m. The pretax pr... |
UltraTech Cement01 November 2017, Published under Cement NewsFor the quarter ending 30 September 2017, UltraTech Cement has recorded net sales in excess of US$1bn. The Aditya-Birla Group company saw its net sales for the three-month period come in at INR68,400m (US$1.05bn) compared to INR57,080m in the same period last year. Profit before interest, depreciation and tax was up 13 per cent YoY at INR15,500m, but profit after tax was down to INR4230m, versus INR6140m in the same period in 2016. According to the company, this was due to higher deprecia... |
Dangote Cement01 November 2017, Published under Cement NewsDangote Cement has seen its group revenue increase by 36.5 per cent to NGN603.8bn (US$1.68bn) in the first nine months of 2017. In its unaudited results, the company also announced a 64.9 per cent improvement in group EBITDA to NGN294.3bn, with Nigerian EBITDA advancing by 64.8 per cent to NGN270.5bn while its pan-African EBITDA grew by 43.5 per cent to NGN32.3bn. Group sales volumes during the period slipped by 10.1 per cent, mainly due to the Nigerian market, which saw volumes contract ... |
Anhui Conch01 November 2017, Published under Cement NewsAnhui Conch Cement has seen its net profit advance by 64.3 per cent to CNY9.81bn (US$1.48bn) in the period 1 July 2017 to 30 September 2017. This compares to CNY5.97bn in the same period last year. Net revenue over the same period came in at CNY50.04bn, an increase of 31.9 per cent on the CNY37.95bn reported in July-September 2016. The improved revenue is being attributed to an increase in both sales volumes and price. However, the three-month period also saw the company’s cost of sale... |
Pacasmayo reports 6.7% rise in 3Q income01 November 2017, Published under Cement NewsCementos Pacasmayo increased its deliveries of cement, concrete and blocks by 4.8 per cent YoY in 3Q17 due to a higher level of self-construction activity and the recovery in public spending towards the end of the quarter. The Peru-based cement producer reported a 6.7 per cent YoY advance in income to PEN334.7m (US$103m) as a result of increased sales volumes and higher prices. Consolidated EBITDA increased 38.9 per cent QoQ to PEN107.2m and the EBITDA margin rose from 27.6 per cent in 2Q1... |
Carthage Cement sees 11% fall in 3Q turnover01 November 2017, Published under Cement NewsTunisia’s Carthage Cement saw its turnover fall by 11 per cent YoY to TND132.4m (US$53.1m) in 3Q17 from TND149m in 3Q16. The company’s domestic sales remained stable at TND95.437m, leading to a market share of 19 per cent. In terms of export sales, revenues fell by 77 per cent in the 12 months to 30 September with some sales to Libya. However, the company has not been able to recover in terms of exports to Algeria. In 9M17 the company has invested TND9m with total debts at TND516.... |
Ashaka Cement approves Lafarge Africa's acquisition deal31 October 2017, Published under Cement NewsShareholders of Ashaka Cement Plc have approved the complete acquisition of the company by Lafarge Africa, in a deal with a cash consideration of NGN604.092m (US$16.8m) and total value of NGN5.97bn. The shareholders of Ashaka Cement agreed to allow Lafarge increase its stake in the company from 86.51 per cent to 99.99 per cent. However, the deal is subject to approval by the regulatory authorities, said Ashaka Cement. Meanwhile, Ashaka Cement Plc's energy strategy has helped it gr... |
Saudi Arabian companies report profit falls in 3Q1731 October 2017, Published under Cement NewsSaudi Arabia’s cement companies reported a fall in third-quarter profits when compared with the same period last year. Hail Cement saw its 3Q profit fall to SAR650,406 (US$ 173,433) from SAR19.3m in the 3Q16, according to a company statement on the Saudi stock exchange. Profits retreated 75.5 per cent QoQ. Revenues of the Saudi cement producer decreased by 37 per cent from SAR58.2m in 3Q16 to SAR36.9m in 3Q17. Hail Cement’s 9M17 profits decreased 85.2 per cent to SAR11.6m, compared t... |
Caribbean Cement consolidated profit hits JMD2bn31 October 2017, Published under Cement NewsCaribbean Cement group reported YtD consolidated profit before tax of JMD2.01bn (US$15.86m) over nine months compared to JMD1.26bn last year, reports Loop Jamaica. The two-thirds jump was attributed to a JMD437m write-down of overstocked items identified in 2016 and JMD407m incurred during the implementation of restructuring programmes last year. In the reporting quarter, the group announced a profit before tax of JMD847m compared to a loss before tax of JMD27m in the correspondi... |