Cement News tagged under: business results
Anhui Conch30 August 2017, Published under Cement NewsIn the six months ended 30 June 2017, Anhui Conch sold 134Mt of cement and clinker, up 4.6 per cent YoY. The east China region dominated sales with 29.42 per cent of the market, followed by central China (29.08 per cent), west China (22.46 per cent), south China (15.34 per cent) and exports (3.7 per cent). As a result, the company reported a 33.1 per cent increase in revenue to CNY31.9bn (US$4.8bn), compared to CNY23.9bn in the same period last year. Net profit attributable to equity shar... |
Cementos Argos30 August 2017, Published under Cement NewsIn the 2Q17 Cementos Argos sold 4.1Mt of cement, an increase of 17.9 per cent on the same period in 2016. That brings the year-to-date (YtD) sales figure to just over 8Mta, up 14.7 per cent YoY. Revenue for the second quarter of this year came in at COP2.1tn (US$712.8m), a decline of 1.6 per cent YoY, putting YtD revenue at COP4.23tn versus COP4.4tn in the 1H16. EBITDA in the 2Q17 closed at COP367bn with a 17 per cent margin. The US was the main contributor to both revenue (54 per cent) ... |
PPC 1Q17 results in line with expectations21 August 2017, Published under Cement NewsPPC revenue for the period ended 30 June 2017 (1Q17) is ahead YoY while group EBITDA is in line with the year-ago period. The advance has been attributed to good cost management. Johan Claassen, interim CEO, said: "Our focus is firmly on delivering improved profitability and liquidity in the shorter term while our longer term strategy remains unchanged. More specifically, we will focus our management effort on the new operations in the DRC and Ethiopia, ensuring that they deliver to expec... |
Cemex02 August 2017, Published under Cement NewsCemex' first-half turnover eased by 0.2 per cent to US$6703.9m, while EBITDA declined by 6.4 per cent to US$1248.1m. The trading profit, however, improved by 14.2 per cent to US$959.5m, while net interest payments increased by three per cent to US$537.5m. The pretax profit improved by 29 per cent to US$451.6m. The net attributable profit rose from US$241.2m to US$626.2m. Equity shareholders' funds improved by 13 per cent by the end of June to US$9309.6m and the net debt came down by 19.1 ... |
Titan02 August 2017, Published under Cement NewsTitan's first-half turnover improved by 6.9 per cent to EUR773.8m and EBITDA advanced by 18.9 per cent to EUR142.1m. Following a 5.3 per cent reduction in the depreciation charge, the trading profit rose by 43.7 per cent to EUR84.8m. After a net financial charge 17.9 per cent lower at EUR28.5m and other items, notably foreign exchange, the pretax profit jumped from EUR7.4m to EUR31.7m. At the net attributable level the advanced from EUR9.2m to EUR13.9m. Capital investment increased from EUR6... |
HeidelbergCement02 August 2017, Published under Cement NewsHeidelbergCement Bangladesh's 1H results show an 11.7 per cent reduction in turnover to the equivalent of EUR613m while the net attributable profit dropped by some 34 per cent to EUR7.47m, or BDT718.34m. The company operates two grinding centres, at Chittagong and at Dhaka, and claims around 13 per cent of the national market. |
LafargeHolcim02 August 2017, Published under Cement NewsLafargeHolcim’s Kenyan subsidiary Bamburi Cement is expanding the capacity of its Athi River grinding centre by 0.9Mta. The work should be completed by the middle of 2018. Meanwhile, in India ACC’s first-half cement volume increased by 6.9 per cent to 13.33Mt and the ready-mixed concrete output also advanced by 6.9 per cent to 1.39Mm³. Second-quarter volumes were ahead by 10.1 per cent for cement and by 5.6 per cent to 0.67Mm³ for concrete. The turnover improved by 12.7 per cent to INR6... |
Carthage Cement reports 2% rise in 1H turnover02 August 2017, Published under Cement NewsTunisia-based Carthage Cement increased its cement turnover by two per cent to TND68.022m in the first half of 2017. Domestic market share advanced from 18.55 per cent in June 2016 to 19.41 per cent in June 2017. However, blocked sales to Algeria negatively impacted the results. The company’s ready-mix concrete arm saw its sales slip by two per cent and output by one per cent. Debt improved from TND513m at the end of 2016 to TND507m on 30 June 2017. |
Cemex Philippines reports drop in net income31 July 2017, Published under Cement NewsCemex Philippines saw its net income fall by 69 per cent in the 2Q17 to PHP136.5m (US$270m) from PHP436.1 in the same period of 2016 as demand softened and cement prices eased. In a disclosure to the stock exchange, the company reported a 12 per cent decline in sales to PHP5.6bn, while cost of sales fell three per cent to PHP3.3bn. Gross profit was down 22 per cent to PHP2.3bn. Sales volume declined three per cent in the second quarter from a year ago, while prices also fell by nine ... |
India Cement’s net profit slips as demonetisation and GST hit31 July 2017, Published under Cement NewsThe latent effect of India’s demonetisation, a halt in cement sales ahead of the newly-introduced Goods and Services Tax (GST) roll-out and a severe shortage of river sand in Tamil Nadu, combined to put pressure on India Cements Ltd (ICL)’s profit in the April-June 2017 quarter. ICL’s profit after tax decreased to INR264.4m (US$4.12m) in the first quarter from INR439.8m in the year-earlier period. The company reported a total income of INR14.66bn in the quarter (from INR12.06bn). The... |