Cement News tagged under: business results
Lafarge Africa reports EBITDA FY16 of NGN29bn23 March 2017, Published under Cement NewsLafarge Africa plc reports a significant increase in profit after tax in 4Q16 while net sales and operating EBITDA rose by 12 and 288 per cent, respectively in 4Q16. However, operating EBITDA for FY16 fell to NGN29bn (US$95m) from NGN67.3bn in 2015. Profit after tax in FY16 reached NGN16.9bn. Net debt was reduced to NGN108.3bn, below the NGN120bn announced, notably supported by capex control and solid cash flows. Commenting on the company’s 2016 performance, Michel Puchercos, CEO of L... |
Cimpor books larger loss in 201621 March 2017, Published under Cement NewsWith declining volumes in Cimpor's three most important markets. In Brazil, Argentina and Portugal, the turnover fell by 26.1 per cent in 2016 to EUR1842.8m and EBITDA came off by 32.9 per cent to EUR352.6m. After a EUR584m impairment charge against the goodwill carried in Brazil, the total depreciation and amortisation charge was more than trebled to EUR781.5m, giving a trading loss of EUR428.9m compared with a profit of EUR313.3m in the previous year. After a net financial charge 8.7 pe... |
Peru: Unacem sees sales slip 4.3% in 201621 March 2017, Published under Cement NewsUnacem sales fell 4.3 per cent in 2016 to PEN1865m in 2016. In Ecuador, its subsidiary Unacem Ecuador sold 1.2Mt of cement at a value of US$153.2m. In the US Drake Cement in Arizona sold 546,000st or US$83m. The Peruvian cement company produced 3.4Mt of cement at its Atacongo works near Lima and 1.7Mt at the Condorcocha works in Junín. The company’s total output accounted for around 53 per cent of national demand. Shipments were mostly bagged cement, which accounted for 77 per cent of the... |
Ukraine: Dyckerhoff Cement losses increase five-fold20 March 2017, Published under Cement NewsPreliminary figures indicate that in 2016, Dyckerhoff Cement Ukraine, part of Dyckerhoff AG, increased its loss by UAH66m (US$2.46m) to UAH80.82m. The company's assets as of late 2016 were UAH2.16bn, long-term liabilities were UAH2.69bn and current liabilities were UAH483.96m. Dyckerhoff Cement Ukraine reported a loss of UAH14.82m for 2015. |
Uruguay: Ancap to make further production cuts20 March 2017, Published under Cement NewsAncap is expected to make cuts in overtime, security and cleaning personnel to move the company's results closer to the black while keeping both plants at Minas and Paysandú operational, according to the newspaper El País de Montevideo. Losses at the companies reached US$207m in the past decade with 2016 results indicating a loss of US$25m. To return Ancap to profitability, the company’s syndicate has proposed to access international reserves to install a third kiln line at Paysandú, part... |
Kuwait Cement FY16 profit up to KWD19.5m17 March 2017, Published under Cement NewsKuwait Cement reported a modest increase of its full-year profit from KWD19.3m (US$63.2m) in FY15 to KWD19.5m in FY16. The company’s total operating revenue advanced from KWD92.2m in FY15 to KWD98.6m in FY16. |
Macedonia: Cementarnica Usje non-cons net profit falls 5% in 201617 March 2017, Published under Cement NewsMacedonia’s Cementarnica Usje, a subsidiary of Greece-based cement producer Titan, saw a five per cent YoY decrease in its non-consolidated net profit to MKD1.2bn (US$20.7m) in 2016 as a result of higher production costs. Non-consolidated operating expenses increased four per cent YoY to MKD3.14bn while operating revenue remained stable at MKD4.43bn. Operating profits fell six per cent to MKD1.3bn when compared with 2015. Financial revenues advanced 15 per cent to MKD23.4m while financ... |
HeidelbergCement sees 13% revenue rise in 201616 March 2017, Published under Cement NewsHeidelbergCement saw revenues rise by 13 per cent to EUR15.2bn in 2016 and completed a successful acquisition of Italcementi with synergies increased to EUR470m. "2016 was an exceptional year for HeidelbergCement," states Dr Bernd Scheifele, chairman of the managing board of HeidelbergCement. "With the successful takeover of Italcementi, we have accelerated our growth and are now in an excellent strategic position. In our core business lines of aggregates, cement, and ready-mixed concrete... |
HeidelbergCement Ukraine reduces loss by 56% in 201714 March 2017, Published under Cement NewsHeidelbergCement Ukraine reduced its loss by 55.6 per cent to -UAH289.17m (US$ 10.76m) from -UAH361.73m in 2016, according to a company statement. This follows a 62.7 per cent increase in losses in 2015 to -UAH650.9m. The company has operated in the Ukrainian market since 2001 with cement factories in Kryvyi Rih and Kamianske, Dnipropetovsk region and Novoamvrosiivske and Yenakieve, Donetsk region as well as premixed concrete and granite macadam. |
Kenya: Bamburi Cement profits flat for 201610 March 2017, Published under Cement NewsLafargeHolcim subsidiary Bamburi Cement earned KES5.89bn (US$57.4m) in after tax profits in 2016, up just 0.3 per cent on the previous year, reports the Star newspaper. The company stressed that operating profits had shown a more robust performance, rising by eight per cent to KES7.9bn. Turnover was down 2.9 per cent, but production costs fell faster, dropping by seven per cent to KES24.8bn. “Overall, there was a marginal reduction in volumes into inland Africa export markets and in... |