Cement News tagged under: business results
Taiwan: Hsing Ta Cement sees February revenues up 27%10 March 2017, Published under Cement NewsTaiwan’s Hsing Ta Cement posted revenues of TWD174.57m (US$6.62m) in February, up 27.3 per cent from TWD137.18m YoY. The company reported revenues of TWD507.63m in Jan-Feb 2017, which represent an 6.6 per cent increase when compared with 2M16, when revenues reached TWD475.93m. |
Ciments du Maroc posts net loss of MAD-155m08 March 2017, Published under Cement NewsCiments du Maroc announced a MAD1.2bn (US$118.7m) improvement in its net loss to MAD-155m in 2016. Operating income reached MAD1.292bn in 2016, a 9.8 per cent increase when compared with the previous year. The fall in losses is due to the increase in the weighted average cost of equity and to an impairment provision of the company’s stake in Suez Ciments of MAD1.253bn. In addition, the company's domestic sales edged up by 0.7 per cent, bucking the overall market trend which slipped 0.... |
Egypt: Alexandria Cement reports EGP34.1m in 4Q1608 March 2017, Published under Cement NewsAlexandria Cement posted a profit of EGP34.1m (US$1.93m) in 4Q16, a significant improvement of its business result when compared with the EGP98.5m loss posted in 4Q15. In 2016 losses fell by 76.1 per cent from EGP-214.2m in 2015 to EGP-51.12m one year later. Total sales increased 25 per cent YoY to EGP2.58bn, up from EGP2.05bn in 2015. |
Holcim Croatia boosts revenues thanks to exports03 March 2017, Published under Cement NewsHolcim Croatia saw its revenues rise by seven per cent YoY in 2016 as it improved exports. In addition, the company reduced its expenditures and kept cash flow high. However, the domestic market maintained the pressure to lower prices. Unfortunately, on the domestic market there is still a constant pressure to reduce prices, so all the effort we've invested as a team could actually have had a much better effect", the company’s CFO, Denis Zupicic, explained. He added that if prices were to... |
Vicat02 March 2017, Published under Cement NewsVicat’s turnover eased by 0.2 per cent in 2016 to EUR2453.8m while EBITDA was up by the 3.2 per cent to EUR458m, while at unchanged exchange rates and other parameters there would have been increases of 4.1 per cent and eight per cent, respectively. The trading profit improved by five per cent to EUR258m, with the increase at unchanged parameters being 9.6 per cent. The net financial charge was EUR10.1m lower at EUR38.1m and after an increase in the contribution from associates from EUR4.9m ... |
Buzzi Unicem02 March 2017, Published under Cement NewsBuzzi Unicem's turnover improved by a marginal 0.3 per cent in 2016 to EUR2669m, with a like-for-like improvement of 1.7 per cent after adjusting for some eastern European currency weakness. Net debt at the end of December was 8.5 per cent below the level seen a year earlier at EUR942m. Group cement deliveries in 2016 increased by 0.3 per cent to 25.6Mt, while ready-mixed concrete deliveries were broadly unchanged at 11.9Mm³. Buzzi Unicem's Italian turnover declined by a further 1.6 per ... |
HeidelbergCement02 March 2017, Published under Cement NewsThe 2016 preliminary figures from HeidelbergCement show a 12.6 per cent improvement in turnover for last year to EUR15,166m (US$ 15,963.43) but eased by some two per cent on a comparative basis. The EBITDA advanced by 12.5 per cent to EUR2939m and the trading profit was ahead by 7.5 per cent to EUR1984m, or by around three per cent adjusting for currency movements and changes in the scope of consolidation. Boosted by the addition of Italcementi, group sales of cementitious materials ro... |
Egypt: Sinai Cement returns to black02 March 2017, Published under Cement NewsFortune took a turn for the better for Sinai Cement in 2016. The company improved its net results significantly as it reported a net profit of EGP13.47m (US$835,183). In 2015, Sinai Cement reported a loss of EGP39.83m. Sinai Cement is owned by France’s Vicat group. The company operates a 3.5Mta cement plant in Sinai. |
Egypt: Suez Cement reports deepening net loss02 March 2017, Published under Cement NewsSuez Cement has reported a deepening net loss of EGP629.3m (US$33.8m) for 2016. This compares with EGP100.8m reported in 2015. Part of HeidelbergCement following its Italcementi acquisition, Suez Cement is the largest cement producer in Egypt. The company operates some 14.8Mta of grey cement capacity in its Tourah, Helwan, Kattameya and Suez plants as well as a 1Mta white cement plant at El Minya. |
Egypt: Tourah Cement sees improving net loss in 201602 March 2017, Published under Cement NewsTourah Cement has reported improved company results in 2016. The company reduced its net loss from EGP218.97m (US$13.5m) in 2015 to EGP151.05m in 2016. Tourah Cement is a subsidiary of Suez Cement, which is owned by Germany’s HeidelbergCement. |