Cement News tagged under: business results
Kazakhstan: Steppe Cement FY16 results13 January 2017, Published under Cement NewsSteppe Cement Ltd recorded revenue for the year ended 31 December 2016 of KZT17.94bn (US$54.01m), representing an eight per cent drop YoY from KZT19.53bn recorded last year. A sales volume of 1,570,140t of cement was achieved in 2016, a four per cent decline from 1,643,136t reported in the previous year. Average price (ex-VAT) for delivered cement was KZT11,426/t (US$34.4/t) in 2016, a four per cent decrease on 2015. This drop in price was mostly due to competition among local companie... |
Semen Indonesia net profit down by 3% in 201610 January 2017, Published under Cement NewsPT Semen Indonesia Tbk made a net profit of IDR4.01trn (US$301.6m) in 2016, which was lower than the IDR4.52trn the previous year. "National cement growth in the year was down three per cent due to the presence of new industries and the projection of a negative 1.1 per cent growth in December," said Rizkan Chandra, president and director of the company. Mr Chandra went on to say how the company’s Tuban plant was performing well, with production at the plant reaching 1,381,907t, five pe... |
India: Sagar Cements sees sales dip in December06 January 2017, Published under Cement NewsIn a trading statement released this week, Sagar Cement has reported a slight decline in cement sales for December compared with a year earlier. Consolidated results – which include the firm’s BMM subsidiary – show cement sales dropping by 0.4 per cent to 154,196t. Sales at Sagar’s core business dropped more appreciably, being down 4.6 per cent at 100,054t. For the nine months from April to December, consolidated sales rose by 17.9 per cent to 1.56Mt, while standalone sales fell by 10.... |
India: Prism Cement sees losses shrink for 1HFY1723 December 2016, Published under Cement NewsPrism Cement has released its financial results for the first half of its trading year, which began on 1 April, revealing a loss of INR50.62m (US$0.75m) over the six-month period. This compares favourably with the same period in FY16, when the company booked a loss of INR522.8m. Prism’s cement business saw revenues rise by 0.7 per cent and was the most profitable of the company’s three divisions. Prisms profits from cement rose by 68 per cent YoY to INR1.1bn. However, sales of cement and ... |
Pakistan: Fecto Cement joins race for Dewan assets14 December 2016, Published under Cement NewsFecto Cement has announced that it intends to enter a bid for Dewan Cement’s North plant, a 1.134Mta facility located in Hattar. Earlier this month, Lucky Cement indicated that it would put in a bid for the Hattar plant, while The News reports that a Chinese firm is also in the process of carrying out a due diligence investigation. In a trading update released to the Pakistan Stock Exchange, Fecto Cement said that sales revenues for the first quarter of FY2017 were up by 16.3 per cent to ... |
Taiwan Cement plans to increase exports to China08 December 2016, Published under Cement NewsThe Taiwan Cement Corporation has said that it expects to ship 1.1Mt of cement to China in the first quarter of 2017, an increase of two per cent on its performance in 1Q16, the Taipei Times reports. In an earnings statement covering the first nine months of 2016, Taiwan Cement saw its profit increase by 13.7 per cent to TWD4.5bn (US$141m), driven by rising prices and a fall in the cost of coal. The company’s exports to China reached 3.9Mt in the first three quarters of 2016, up 10 per... |
Vicat02 December 2016, Published under Cement NewsVicat's turnover for the first nine months of the year eased by 0.9 per cent to EUR1867m, which represents an underlying improvement of 3.4 per cent. Turnover in cement was 1.9 per cent lower at EUR1136m, which represented 53.1 per cent of the group total. Cement deliveries increased by 10 per cent to 16.64Mt. The aggregates and concrete turnover improved by 2.3 per cent to EUR698m, or 32.6 per cent of the group total, with shipments of aggregates rising by 5.8 per cent to 16.32Mt and delive... |
Cimpor02 December 2016, Published under Cement NewsCimpor's nine-month turnover fell by 28.5 per cent to EUR1379.4m and EBITDA dropped by 33.1 per cent to EUR264.6m as cement deliveries in Portugal, Brazil and Argentina declined by 35.7, 19.8 and 11.7 per cent, respectively, with single-figure reductions being seen in South Africa and in Egypt. Mozambique, on the other hand, saw shipments improve by 11.2 per cent and Paraguay by 10.8 per cent. A trading loss of EUR332.3m was declared compared with a trading profit (EBIT) of EUR248.5m a year ... |
Buzzi Unicem02 December 2016, Published under Cement NewsBuzzi Unicem's turnover for the first nine months was a marginal 0.02 per cent ahead at EUR1998.5m, while the EBITDA did rise by 18.2 per cent to EUR416.2m. The trading profit was ahead by 31.7 per cent to EUR272.4m and net financial charges declined by 7.1 per cent to EUR77.9m. The contribution from associates increased by 21.3 per cent to EUR60.6m and the pre-tax profit was ahead by 42.7 per cent to EUR255.3m. The tax charge increased by 27.8 per cent while the minorities charge declined b... |
HeidelbergCement02 December 2016, Published under Cement NewsHeidelbergCement's turnover improved by 8.4 per cent to EUR10,927m in the first nine months of 2016 and the EBITDA was 19.7 per cent ahead at EUR2121m. At the trading level, the profit increased by 9.7 per cent to EUR1477m and after a net interest charge 15 per cent lower at EUR363m and a contribution from investments some 27 per cent lower at EUR24m, the pretax profit was 9.7 per cent ahead at EUR1049m, but the net attributable profit declined by 6.8 per cent to EUR585m. The net debt at the... |