Cement News tagged under: business results
Cementir benefits from acquisitions12 May 2017, Published under Cement NewsCementir's first-quarter turnover rose by 33 per cent to EUR279.9m while on a like-for-like basis the improvement was just 0.5 per cent. EBITDA improved by 7.9 per cent to EUR23m, with only the Nordic countries showing an improvement. At the trading level there was a reduction from a EUR1.2m, profit to a EUR1m loss and at the pretax level the loss increased by 2.8 per cent to EUR6.2m. Net debt at the end of March was EUR646.4m compared with the EUR271.9m a year earlier to give a gearing l... |
Tunisia: Bizerte sees turnover up 7.5% but loss aggravates12 May 2017, Published under Cement NewsTunisia’s Ciments de Bizerte has reported a TND22.179m (US$9.175m) loss in 2016, increasing the loss from TND6.61m the previous year. Turnover reached TND61.451m, a YoY increase of 7.5 per cent when compared with 2015 when turnover reached TND57.173. The company’s operating result saw a loss of TND14.577m, affected by net financial charges to the tune of TND14.577m in 2016, up from TND11.53m in 2015. The outstanding amount of bank loans reached TND53.891m against TND26.88m as at 31 D... |
Vulcan Materials improves net profit11 May 2017, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a 1Q17 turnover 4.3 per cent ahead at US$787.3m while EBITDA declined by four per cent to US$149.3m, having just over doubled the year before. At the trading level, the first-quarter profit improved by 11.5 per cent to US$67.4m and the net interest charge in the period increased by one per cent to US$34.17m, giving a pretax profit 32.3 per cent higher at US$43.5m. At the net attributable level the profit increased by 11.9 per ce... |
Cementos Molins to raise capacity by 4.4Mta09 May 2017, Published under Cement NewsIn the next three years Cementos Molins plans to invest EUR350m to increase its capacity by 4.4Mta. The company currently has projects in Argentina, Colombia and Bangladesh. In Argentina the company will invest EUR100m in its joint venture with Votorantim, Cementos Avellaneda. The sum represents about half the investment required to add 0.2Mta at the Olavarría unit this year and expand capacity at the San Luis works to 0.9Mta by 2019. Meanwhile, in Colombia Cementos Molins and its pa... |
Vicat expects improved Europe, US, India and west African markets03 May 2017, Published under Cement NewsVicat's first-quarter turnover eased by 0.5 per cent to EUR551m, which represents an underlying advance of 1.4 per cent. The cement turnover declined by three per cent to EUR283m, as cement shipments advanced by 1.2 per cent to 4.89Mt. Before inter-sector eliminations, the cement turnover amounted to EUR335m. The turnover in concrete and aggregates was three per cent ahead at EUR204m, which represents an underlying decline of 2.5 per cent, as aggregates shipments rose by 3.7 per cent to 5... |
Cementos Molins sees 33% profit rise in 1Q1703 May 2017, Published under Cement NewsSpain's Cementos Molins saw its profit rise 33.2 per cent YoY to EUR20.5m in the first quarter of 2017 due to an increase in sales and a positive trend in prices. However, net profit, which reached EUR1.2m, was negatively affected by currency depreciation, particularly the Mexican peso. Revenues advanced 20.6 per cent YoY to EUR194.1m while gross operating profit rose 27 per cent YoY to EUR49.4m. The company attributes this to he rebound in sales and prices, "despite the fact that pro... |
Votorantim02 May 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1294m) while, although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m). Brazil accounted for 47 per cent of the turnover, compared with 54 per ... |
CRH02 May 2017, Published under Cement NewsCRH's underlying sales in the 1Q17 improved by around three per cent, with European turnover advancing by six per cent while in The Philippines there was a 12. per cent decline. The group EBITDA in the 1H17 is expected to be ahead of the EUR1120m achieved during the first half of last year. Heavy building materials volumes in Great Britain were ahead except for cement, which was marginally behind. French volumes showed an improvement thanks to increased housebuilding activity, while Dutc... |
Cemex02 May 2017, Published under Cement NewsCemex will retain full ownership of Cemex Croatia as the European Commission has blocked its sale to HeidelbergCement-Schwenk joint venture, Duna-Drava Cement. Cemex Croatia operates three cement works, seven batching plants, two quarries and a number of terminals across Croatia, Montenegro and Bosnia-Herzegovina. Cemex' first-quarter turnover improved by 0.7 per cent to US$3136.6m, but EBITDA declined by 1.9 per cent to US$559.17m. The trading profit rose by 45 per cent to US$491.2m. The... |
Cemex reports jump in net profit28 April 2017, Published under Cement NewsCemex reported a jump in net profit to US$336m in the 1Q17 from an income of US$35m in the same period of last year, as the Mexican major as the cement maker continued to sell assets and reduce debt. On a like-for-like (LFL) basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by six per cent during the 1Q17 to US$3.1bn versus the comparable period in 2016. Operating EBITDA on a LFL basis increased by two per cent during the quarter to ... |