Cement News tagged under: business results
Votorantim sees cement revenues fall 10% YoY in 201619 April 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 (EUR1,294m) in 2016 when compared with 2015. 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), of which cement represented BRL27.3m. Brazil... |
Oman: Raysut Cement gross profit falls 39% in 1Q1718 April 2017, Published under Cement NewsRaysut Cement posted a 38.7 per cent decline in gross profits in 1Q17 as profits reached OMR6.29m (US$16.3m), down from OMR10.26m in 1Q16, according to the company’s statement to the Muscat Securities Market. Revenues were down 23.2 per cent to OMR19.43m in the first three months of the year, copared to OMR25.3m in 1Q16. Profit before tax reached OMR4.56m in 1Q17, a 48.6 per cent YoY decrease from OMR8.87m. |
Nigeria: Ashaka Cement sees 27% profit drop in 201618 April 2017, Published under Cement NewsIn its audited results Ashaka Cement reported revenues slipping to NGN17.351bn (US$56.8m) in 2016 from NGN17.145bn the previous year. Profit before tax fell from NGN3.209bn in 2015 to NGN2.663bn in 2016. Profit after tax saw a 27 per cent decrease from NGN2.76bn in 2015 to NGN2.01bn one year later. The company applied for a voluntary delisting from the Nigerian Stock Exchange following a violation of the stock exchange’s requirement of a free float deficiency provision of 20 per cent ... |
LafargeHolcim04 April 2017, Published under Cement NewsLafargeHolcim's underlying turnover for 2016 amounted to CHF26,904m, a decline of 8.7 per cent, while in euro terms there was an 8.3 per cent decrease to EUR25,255m. The Asia-Pacific region generated 29.9 per cent of group turnover, while Europe represented 25.5 per cent and North America 20.3 per cent. Latin America contributed 10.1 per cent and Africa/Middle East 14.2 per cent. Margins improved from 19.5 per cent to 21.6 per cent and underlying operating EBITDA recovered by 1.3 per cent to... |
HeidelbergCement04 April 2017, Published under Cement NewsHeidelbergCement's turnover increased by 12.6 per cent last year to EUR15,166m. EBITDA improved by a 12.5 per cent to EUR2939m and the trading profit advanced by 7.5 per cent to EUR1984m. After a 10.2 per cent reduction in net interest payments to EUR396.3m and other items, the pretax profit declined by 8.3 per cent to EUR1204m and the net attributable profit fell by 11.8 per cent to EUR706m after a 3.4 per cent higher tax charge and a minorities charge 3.8 per cent higher at EUR190m. The di... |
CRH04 April 2017, Published under Cement NewsCRH's turnover improved by 14.7 per cent in 2016 to EUR27,104m while EBITDA advanced by 41.1 per cent to EUR3130m. The trading profit increased by 58.7 per cent to EUR2027m. The net interest charge was 7.5 per cent higher at EUR317m and there was a pretax profit 68.5 per cent higher at EUR1,741m. The net attributable profit was 74.2 per cent ahead at EUR1270m. Net debt at the end of December was 20 per cent lower at EUR5297m and the gearing level declined from 50.8 to 38.9 per cent, as sh... |
Buzzi Unicem04 April 2017, Published under Cement NewsBuzzi Unicem's turnover edged ahead by 0.3 per cent in 2016 to EUR2669.3m, with the recurring EBITDA improvement being 15 per cent to EUR550.7m. The depreciation and amortisation charges declined by 3.1 per cent, giving a trading profit 31.9 per cent ahead at EUR348m. After a net interest charge 40.1 per cent higher at EUR147.1m, the pretax profit advanced by 26.5 per cent to EUR280.9m. After a 40.6 per cent tax rate and a 1.4 per cent increase in minorities, the net attributable profit was ... |
Titan04 April 2017, Published under Cement NewsTitan's turnover improved by eight per cent in 2016 to EUR1509.2m and EBITDA rose by 28.7 per cent to EUR278.6m. Following a 2.74 per cent reduction in the depreciation and impairment charge to EUR127.1m, the trading profit advanced by 76.8 per cent to EUR151.5m. The net financial charge was 6.5 per cent lower at EUR62.5m, while the foreign exchange loss of EUR26m compares with a gain of EUR17.4m in the previous year. The pretax profit advanced by 50.7 per cent to EUR63.5m. Thanks largely to... |
Cementir04 April 2017, Published under Cement NewsCementir Holding's total operating revenue in 2016 improved by 7.3 per cent to EUR1068.4m and EBITDA emerged two per cent ahead at EUR197.8m. The trading profit, however, declined by 3.1 per cent to EUR94.7m while the net interest received went from EUR4m to EUR23.4m, helped by foreign exchange gains. The pretax profit improved by 11.7 per cent to EUR118.6m. Higher tax and minorities charges gave a net attributable profit 0.3 per cent lower at EUR67.3m. Net debt at the end of 2016 jumped... |
Cemex publishes report on environmental and social achievements in 201631 March 2017, Published under Cement NewsCemex has published its first integrated report , covering 2016. The report brings together the information that the company had in published in separate annual and sustainability reports in previous years. The integrated report thus covers both Cemex’s financial performance for 2016, which the firm had already released in February , and its work in other areas, including its efforts to improve environmental performance and to promote corporate social responsibility. “As a unified gl... |