Cement News tagged under: business results
Votorantim11 September 2017, Published under Cement NewsVotorantim generated a 1H17 turnover four per cent lower at BRL12,757m (EUR3434m), with domestic deliveries declining by 13.6 per cent. EBITDA amounted to BRL1654m (EUR445m), a 29.6 per cent reduction. The group trading profit declined by 58.7 per cent to BRL458m and after a financial charge 29.9 per cent lower at BRL726m and minor items, the pretax profit came down by 67.2 per cent to BRL229m. The net attributable profit dropped 98.30 per cent to BRL10m. Votorantim Cimentos contributed 4... |
Vicat11 September 2017, Published under Cement NewsVicat's first-half turnover edged ahead by 0.8 per cent to EUR1248m, or by 0.9 per cent on a comparative basis, but EBITDA declined by 8.7 per cent to EUR188m and the margin declined from 16.7 to 15.1 per cent. The trading profit came off by 16.2 per cent to EUR86m, while the net interest charge was 29.9 per cent lower at EUR12.9m, giving a attributable profit 17 per cent lower at EUR40m. The net debt at the end of the period amounted to EUR1006m, a five per cent reduction. The gearing level... |
August brings 12% sales boost for INC08 September 2017, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) saw its sales increase 12 per cent YoY in August as it sold 1,286,339 bags of cement in the country. In August 2016 the cement producer sold 1,148,529 bags. In the year to date, 8,745,627 bags were sold. In 2016 INC sales reached 13,202,803 and the company expects to surpass this figure this year. While INC President, Jorge Méndez, is confident the company will meet such forecasts, he commented that in April and May bad weather affected cem... |
Hsing Ta revenues up 34% YoY in Aug 201708 September 2017, Published under Cement NewsTaiwanese cement producer Hsing Ta sees revenues up 33.6 per cent to TWD487.484m (US$16.24m) in August 2017 from TWD364.687m in August 2016m, according to the Taiwan Stock Exchange. In the first eight months of 2017, the company’s revenues rose 20.2 per cent YoY from TWD2.68bn to TWD3.222bn. |
Emami expects to break even in FY16-1701 September 2017, Published under Cement NewsIndia-based Emami Cement expects to break even by the end of FY17-18 and bank a profit by the next financial year. The company’s bottom line will be driven primarily by value and volume of sales, according to Vivek Chawla, wholetime director and CEO. Emami’s top line is forecast to expand to INR14bn-15bn (US$218.9m-234.5m) by the end of the current fiscal if sales of 3.2Mt are achieved. This sales volume represents 80 per cent of its 4Mta total installed capacity. “Usually cement compani... |
Boral sees benefits flowing from US Headwaters acquisition31 August 2017, Published under Cement NewsBoral's turnover in its financial year to the end of June 2017 edged up by 1.8 per cent to AUD4388m (EUR2919m/US$3466m) and EBITDA improved by 11.6 per cent to AUD720m (EUR479m). The trading profit advanced by 15.6 per cent to AUD460m (EUR306m) and after a net interest charge some 20 per cent lower at AUD51m (EUR34m) the pretax profit rose by 22.1 per cent to AUD409m (EUR272m). The net attributable profit advanced by 16 per cent to AUD297m (EUR197m). Net debt at the end of June was 261 pe... |
Sinai Cement posts 1H consolidated net loss of EGP153m31 August 2017, Published under Cement NewsSinai Cement incurred consolidated net losses of EGP153.2m (US$8.7m) in 1H17, vs net profits of EGP15.4m in 1H16, the company announced in a statement to the Egyptian stock exchange. The Egyptian cement producer also posted standalone net losses of EGP155.4m in the first six months of 2017, compared with EGP14.8m in the year-ago period. |
PPC30 August 2017, Published under Cement NewsPPC Zimbabwe recorded its highest monthly volumes in seven years in June 2017. In the year ended 30 June 2017, the company also saw double-digit volume growth, following a new US$82m grinding plant in Harare, which boosted the company’s production capacity in the country to 1.4Mta. Across Africa PPC has seen double-digit volume growth compared to last year, with revenue and EBITDA also both ahead. In Ethiopia, where PPC cement production only began in June this year, more than 100,000t of... |
China National Building Materials (CNBM)30 August 2017, Published under Cement NewsChina National Building Materials (CNBM) has reported a 711 per cent leap in its 1H17 net profit to CNY885.4m (US$132.9m). This compares to a net profit of CNY109.1m in the same period last year. Revenue over the 1H17 improved by 21 per cent YoY to CNY53.36bn. Earlier this month, North Cement Co, which is 70 per cent-owned by CNBM, announced plans to acquire a 51 per cent stake in Mudanjiang North Cement Co from Liaoyuan Jingang Cement (Group) Co. The deal is reportedly worth around US$3... |
Dangote Cement30 August 2017, Published under Cement NewsAliko Dangote has sold a 2.3 per cent stake in Dangote Cement to foreign buyers in a deal worth NGN86.1bn (US$236m), according to Reuters. The company has been selling off small stakes to try and meet its free float requirement for the Nigerian Stock Exchange (NSE). When it joined the NSE in 2010, it was given 18 months to reach a 20 per cent free float level, but this latest transaction only takes it to 10.4 per cent. In 2013 it sold 1.5 per cent to Public Investment Corporation, followed b... |