Cement News tagged under: business results
Flying Cement Co reports 11% rise in post-tax profit10 October 2017, Published under Cement NewsPakistan’s Flying Cement Co Ltd reported a 0.24 per cent fall in its full-year sales to PKR2.47bn (US$23.4m) in 2017 from PKR2.476bn in 2016. However, the company’s operating profit (before finance costs) rose from PKR119.8bn to PKR142.6bn over the same period after PKR6.1m in distribution costs, PKR39.5m in administrative expenses and PRK15.2m in other expenses were deducted. Finance costs saw a hike of PKR8.1m from PKR2.9m. The company received PKR64.4m in “other income” but saw a P... |
Pioneer Cement net income rises 16%28 September 2017, Published under Cement NewsPioneer Cement Ltd posted a net income of PKR2.91bn (US$27.6m) in the fiscal year ended on 30 June, up 16 per cent compared with PKR2.51bn in the previous year, according to a company notice to the Pakistan Stock Exchange (PSX). Revenues of the company surged by 13 per cent YoY mainly driven by clinker sales made to Fauji Cement during the year. Gross margins of the company remained above industry average of 40 per cent, however, they dipped slightly by 100 basis points YoY to 42 per ce... |
Semen Indonesia25 September 2017, Published under Cement NewsAugust saw Semen Indonesia record a 10.6 per cent increase in cement sales with total volumes for the month coming in at 2.87Mt, compared to 2.59Mt in the same month last year. The domestic market saw a 6.2 per cent increase to 2.66Mt, while exports grew by 136.4 per cent to 205,219t. For the January-August period, the company’s total cement sales by volume stand at 18.13Mt, 9.4 per cent up on the same period last year. Domestic sales for the first eight months of the year are up by 4.1 p... |
Ciments de Bizerte doubles loss in 1H1725 September 2017, Published under Cement NewsTunisia-based Ciments de Bizerte saw its revenues fall to TND31,673m (US$12,923m) in 1H17 from TND34,564m. Its gross margin fell by TND2235m YoY and its operating income fell to TND1-545m, according to African Manager. At the end of June the company reported a loss of TND-16,613m from TND-8806m in 1H16. |
Ciments du Maroc posts 20% rise in net profit22 September 2017, Published under Cement NewsCiments du Maroc reported consolidated sales of MAD2.029bn in 1H17, up 1.1 per cent YoY. Consolidated EBITDA remained stable at MAD929m. Net profit advanced by 19.8 per cent from MAD503m in 1H16 to MAD603m one year later, mainly due to a reduction in taxes. The company said sales reflected the annual slide in sales volumes during Ramadan which saw deliveries fall 6.9 per cent when compared with 1H16. Nationally, cement volumes decreased 9.2 per cent. However, a significant rise in exp... |
Fauji Cement sees full-year profit halve to PRK2.61bn21 September 2017, Published under Cement NewsFauji Cement Co Ltd reported a 51 per cent drop in net profit after tax to PKR2.61bn (US$24.5m) in FY17 from PKR5.36bn in FY16. The Pakistani cement producer saw sales edge up to PKR 20.423bn from PKR 20.044bn in FY16. However, costs of sale also increased to PKR15.98bn from PKR10.87bn in previous fiscal year as a production halt in Line II led to the purchase of expensive clinker. The line is expected to be back on-stream in October. The company incurred distribution cost of PKR166m and... |
Dangote earns US$86m in revenues from Ethiopia14 September 2017, Published under Cement NewsDangote Cement earned revenues of more than US$85.8m from its plant in Ethiopia in the financial year that ended 8 July. Export volumes of more than 2Mt contributed significantly to sales revenues, including some US$1m from export sales to Kenya and Djibouti, according to Tariku Alemayehu, Dangote Cement’s deputy director of sales and marketing. Dangote Cement’s plant is located near the town of Muger, Oromia, some 85km west of Addis Ababa. Limestone reserves total around 223Mt. The 2.... |
LafargeHolcim11 September 2017, Published under Cement NewsLafargeHolcim’s subsidiary Lafarge Malaysia has reported a first-half turnover decline of 18 per cent to MYR1090m (EUR214m/US$259.7m) and there was a net loss of MYR92.02m (EUR18.27m) compared with a MYR39.01m profit at this stage last year. According to the company, the deterioration in the result reflects a lower revenue contribution from the cement segment, higher charges for depreciation, fuel and electricity LafargeHolcim’s subsidiary Bamburi Cement in Kenya has announced a 1H turnov... |
CRH11 September 2017, Published under Cement NewsCRH's first-half turnover improved by 2.4 per cent to EUR12,997m and EBITDA was ahead by 4.9 per cent to EUR1175m. The underlying trading profit rose by 10 per cent to EUR647m. After a net interest charge 15.7 per cent lower at EUR150m and a more-than-doubled profit on disposals of EUR45m, the pretax profit rose by 27 per cent to EUR517m. The net attributable result improved by 30.1 per cent to EUR363m. Net debt at the end of June was around EUR6400m, compared with EUR7100m, giving a gear... |
Buzzi Unicem11 September 2017, Published under Cement NewsBuzzi Unicem's 1H17 turnover improved by 7.3 per cent to EUR1353.8m. EBITDA advanced by 8.4 per cent to EUR241.1m. Group cement deliveries improved by 2.3 per cent to 12.5Mt, while ready-mixed concrete deliveries rose by six per cent to 5.9Mm³. The depreciation and impairment charges advanced by 16.1 per cent to EUR108.6m and the first-half trading profit was ahead by 2.8 per cent to EUR132.5m. The interest charge dropped by 66.3 per cent to EUR12.3m and the pretax profit rose by 31.7 per... |