Cement News tagged under: business results
LafargeHolcim02 November 2016, Published under Cement NewsLafargeHolcim has agreed to sell its 54.3 per cent controlling stake in the Chilean cement producer Cemento Polpaico for some US$225m to Inversiones Caburga, which is controlled by the Hurtado Vicuña family. Cemento Polpaico owns one integrated cement works and two grinding centres with a combined cement capacity of 2.3Mta as well as 25 batching plants and some aggregates operations. LafargeHolcim Côte d’Ivoire was re-named from Socimat at the beginning of September. The company, which tr... |
UAE: Ras Al Khaimah sees 3Q16 profit fall of 85% YoY02 November 2016, Published under Cement NewsRas Al Khaimah Cement reported a fall of 84.7 per cent YoY in profits during 3Q16, according to a bourse statement. Earnings in the third quarter decreased to AED747,710 (US$203,520) in 3Q16 from AED4.88m the year before. In the January-September 2016 period profits amounted to AED7.78m, up 6.1 per cent when compared with a profit of AED7.33m in 9M15. |
Mixed 3Q16 results for Turkey's cement producers01 November 2016, Published under Cement NewsTurkish cement manufacturers Mardin Cimento, Adana Cimento, Unye Cimento, Bolu Cimento and Aslan Cimento have reported their third-quarter results for the July-September 2016 period. Mardin and Adana registered a decline in net profit while Unye, Bolu and Aslan witnessed an increase. Mardin Cimento's net profit for 3Q landed at TRY8.8m (US$2.8m) compared to TRY13.8m last year. Revenue for the period was reported at TRY36.8m versus TRY37.8m in the same period last year. Adana Cimento's ... |
PT Indocement sees 12% drop in 9M16 sales01 November 2016, Published under Cement NewsIn the first nine months of 2016, Indonesia’s PT Indocement Tunggal Prakarsa noted a 12 per cent YoY fall in sales to IDR11.3trn (US$866m). The company’s net profit of the period slipped 2.2 per cent to IDR3.15trn while the cost of sales was down 7.2 per cent YoY to IDR6.6trn. |
Pakistan: Dewan Cement profits up 61%01 November 2016, Published under Cement NewsDewan Cement Ltd (DCL) posted a net profit of PKR268m (US$2.55m) for the quarter ended 30 September, a 61.4 per cent increase YoY from the PKR166m registered last year. Company revenue increased 14 per cent YoY (-18 per cent QoQ) to PKR2.94bn, mainly as a result of increasing dispatches and rising prices following a higher federal excise duty on cement manufacturers. Gross margins remained unchanged from the previous year’s figure of 19 per cent. The company report added that “subpar gros... |
India: JK Cement net profits climbs 182%01 November 2016, Published under Cement NewsOn a stand-alone basis, JK Cement’s net profit was reported at INR410m (US$6.14m) for the July-September quarter, a 182 per cent increase from the INR145.4m net profit recorded in the same period last year. Stand-alone total income for the period under review increased by seven per cent to INR10.76bn, up from INR10.08bn in the same period last year. Total expenses registered higher during the quarter, reaching INR9.61bn. Total expenses for the same period last year were reported at INR9.4... |
Indonesia: Holcim Indonesia reports 5.3% growth in 9M1601 November 2016, Published under Cement NewsPublicly-listed Holcim Indonesia reported 5.3 per cent sales growth YoY to IDR6.91trn (US$530m) in the first nine months of 2016. The company attributed the performance to a 10.4 per cent increase in its cement sales volume to 6.2Mt. Domestic sales growth stood at less than three percent, with total sales at 44.7Mt. However, as prices remained under pressure, the company continued to note losses, albeit on a smaller scale than in 9M15. Holcim’s net losses in 9M16 fell to IDR160bn from I... |
Indonesia: Semen Baturaja 9M16 net profit down 34% YoY01 November 2016, Published under Cement NewsPT Semen Baturaja announced a near-34 per cent fall in January-September 2016 net profit from 9M15 to IDR174.74bn (US$13.4m) from IDR264.66bn. The drop in net profit was attributed to the rise in the cost of goods at a time when revenues increased only marginally. Revenues in the first nine months of 2016 edged up to IDR1.04trn from IDR1.03trn in 9M15. |
India: ACC reports 10% fall in cement deliveries in 3Q1631 October 2016, Published under Cement NewsThe Indian LafargeHolcim subsidiary ACC Ltd reported a 0.5 per cent reduction in cement deliveries for the first nine months of the year to 17.54Mt, while in the third quarter the reduction was a more notable 9.6 per cent to 5.07Mt. The turnover declined by 3.6 per cent to INR82.74bn (EUR1133.50m) while EBITDA came off by 7.4 per cent to INR11.65bn (EUR159.58m), but the pretax profit rose by 18.6 per cent to INR75.84bn (EUR103.9m). The new 2.79Mt clinker plant and the 1.1Mta grinding... |
Dangote sees 21% rise in revenues, but drop in profit for 3Q1631 October 2016, Published under Cement NewsDangote reported a revenue of NGN442bn (US$1.4bn) for the nine months ended 30 September 2016, representing a 21 per cent YoY increase from NGN365bn in 9M15. Profit after tax fell to NG133bn from NGN157.9bn in 2015, impacted by foreign exchange issues and resulting in a much higher cost of sales, up from NGN138.694bn in 9M15 to NGN231.684 in 9M16. The Managing Director of Dangote Cement, Onne Van der Weijde said the management is confident of delivering strong growth this year despite t... |