Cement News tagged under: business results
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... |
Taiwan: Chia Hsin Cement sees 11% revenue rise, pretax profit drop31 March 2017, Published under Cement NewsChia Hsin Cement Corp of Taiwan reported an 11 per cent rise in revenues to TWD3.14bn (US$103.3m) in 2016 when compared with TWD2.83bn in 2015. However, pretax profits dipped 59.4 per cent from TWD194.9m in 2015 to TWD79.2m the following year. Net profits reached TWD24.89m. |
Gornozavodsktsement FY16 net profit down to RUB370.8m30 March 2017, Published under Cement NewsGornozavodsktsement reported a -9.9 per cent drop in revenues to RUB3.65bn (US$64.7m) in FY16 vs RUB4.05bn in FY15, according to Russian accounting standards. FY16 net profit fell -45.4 per cent YoY from RUB679.3m to RUB370.8m. |
Anhui Conch28 March 2017, Published under Cement NewsDespite over-capacity and intense market competition, Anhui Conch recorded a 9.72 per cent increase in revenue in 2016 to CNY55.9bn (US$8.1bn), compared to the previous year. Net profit came in at CNY8.57bn, up 13.7 per cent YoY, while earnings per share saw a 13.7 per cent increase on 2015 to reach CNY1.62. According to the company, it adopted a “one policy for one region, one policy for one plant and implementation of different policies’, which achieved a stable increase in sales volume... |
Cementos Argos28 March 2017, Published under Cement NewsCementos Argos has reported a 7.7 per cent increase in consolidated revenue to US$8.5bn in 2016. Consolidated EBITDA came in at US$1.7trn, up 8.7 per cent YoY. While the US division, which accounts for 50 per cent of the company’s total revenues, performed well, with revenue advancing by 11.6 per cent YoY to US$1.4bn, the Colombian market saw sales volumes contract by 19 per cent. As a result Cementos Argos has postponed plans to expand its Sogamoso plant by 2.3Mta in favour of increasing... |
PT Indocement28 March 2017, Published under Cement NewsPT Indocement recorded net revenue of IDR15.36trn (US$1.15bn) in 2016, down from IDR17.8trn in 2015 and IDR19.9trn the year before. The order in early 2015 by President Joko Widodo to lower the price of cement is being blamed for the fall. The company has tried to counter the drop in price by various efficiency measures, resulting in the cost of goods sold contracting by 8.7 per cent in 2016. However, net profit still declined, falling from IDR4.36trn in 2015 to IDR3.87trn in 2016. The co... |
Ukraine: Mykolaivcement returns to profit in 201624 March 2017, Published under Cement NewsPJSC Mykolaivcement, owned by CRH of Ireland, reached a net profit of UAH31.394m (US$1.16m) in 2016, a considerably improved result when compared with the 294.6m loss reported in 2015. Current liabilities decreased by 33.4 per cent to UAH 212.621m, while long-term liabilities increased by 10.3 per cent to UAH 711.125m. PJSC Mykolaivcement operates a 1.4Mta plant in Mykolaiv, in Ukraine’s Lviv region. |
Titan FY16 results bring net profits of EUR278.6m23 March 2017, Published under Cement NewsTitan Group's 2016 financial results recorded a significant improvement in profitability, thanks to the continuing growth of the US market and the recovery of results in Egypt. Consolidated turnover reached EUR1509m, posting an eight per cent increase compared to 2015. EBITDA increased by 28.7 per cent to EUR278.6m while net profit after minority interests and tax provision, stood at EUR127.4m, compared to EUR33.8m in 2015. In the fourth quarter of 2016, the group maintained the stro... |