Cement News tagged under: business results
Buzzi Unicem02 September 2016, Published under Cement NewsBuzzi Unicem's first-half turnover improved by 1.9 per cent to EUR1261.3m and EBITDA rose by 33.5 per cent to EUR222.5m. Group cement deliveries improved by 2.7 per cent to 12.2Mt, while ready-mixed concrete deliveries eased by 0.6 per cent to 5.6Mm³. The depreciation and impairment charges came down by a further 3.1 per cent to EUR93.5m and as a result the first-half trading profit recovered by a further 84 per cent to EUR129m. The interest charge declined by 29.7 per cent to EUR36.4m an... |
CRH02 September 2016, Published under Cement NewsCRH's first-half turnover advanced by 35 per cent to EUR12,693m and EBITDA more than doubled to EUR1120m, with the underlying increase being 20 per cent. The trading profit rose from EUR189m to EUR588m and after a net interest charge 28.1 per cent higher at EUR178m, the pretax profit jumped from EUR63m to EUR407m. The net attributable result improved from EUR46m to EUR279m. Net debt at the end of June was around EUR7100m, compared with EUR1212m, giving a gearing level of 56.5 per cent, whi... |
Cemex02 September 2016, Published under Cement NewsCemex investment in Grupo Cementos de Chihuahua is being restructured, with Cemex taking a 23 per cent direct stake as well as a minority interest in Camcem, which will be the majority shareholder in Cementos de Chihuahua. Cementos de Chihuahua will remain a quoted company. Cementos de Chihuahua saw its turnover for the first six months decline by 1.4 per cent to US$333.4m, with the US operations registering a 4.2 per cent improvement to US$235.4m, while the Mexican activities registered ... |
Cimpor takes massive provisions in Brazil02 September 2016, Published under Cement NewsCimpor's first-half turnover dropped by 31.1 per cent to EUR897.3m, while EBITDA declined by 39.1 per cent to EUR170.1m. The amortisation and provision charge jumped from EUR100.6m to EUR527.9m as a result of a EUR433m good-will impairment charge relating to Brazil. This led to the trading result falling from a profit of EUR178.6m to a EUR357.7m loss and after a 9.2 per cent increase in the net financial charge to EUR182.2m there was a pretax loss of EUR539.9m against a profit of EUR11.8m. A... |
Cementos Bío-Bío 1H16 profits down 10%02 September 2016, Published under Cement NewsChile’s Cementos Bío-Bío saw its profits during the first half of 2016 fall by 10.1 per cent to CLP9168.69m from CLP10,200.19m reported in 1H15. Revenues increased 6.6 per cent from CLP142,479.58m in 1H15 to CLP151,900m. |
Malaysia: CMSB 1H16 cement profits down 24%01 September 2016, Published under Cement NewsCahya Mata Sarawak Berhad (CMSB) has announced its earnings figures for the first half of 2016, including those of its cement division. This recorded a pretax profit of MYR41.7m (US$10.2m) on revenues of MYR275m. Both figures were down on those from the same period in 2015, with profits falling by 24 per cent and revenues 6.6 per cent lower. Profits fell faster than revenues due to CMSB’s increased reliance on imported clinker following plant shutdowns and the falling value of the ringgit... |
Pakistan: DG Khan sees profit up 15%, expands capacity by a further 2.2Mta01 September 2016, Published under Cement NewsPakistan cement producer DK Khan Cement Co announced a 15 per cent YoY rise to PKR8.79bn (US$83.9m) in its profit after tax in FY16 from PKR7.624bn in FY15. Its sales rose to PKR29.703bn from PKR26.104bn in FY15bn and cost of sale increased PKR17.035bn from PKR16.649bn in the same period. Along with financial results, the company also announced a full and final cash dividend of PKR6.0/share, making the payout to 30 per cent. The company also announced a brownfield cement capacity expans... |
LSR sees 10% rise in 1H16 sales but 22% drop in EBITDA31 August 2016, Published under Cement NewsRussia’s LSR Group reported a 10 per cent increase in sales in 1H16 to RUB31.618bn. However, EBITDA fell by 22 per cent to RUB4.486bn and the company’s EBITDA margin stood at 14 per cent. Profit for the period decreased by 72 per cent to RUB1.1bn. The company’s net debt/EBITDA ratio was 1.09, according to a company press release. Andrey Mochanov, CEO and chairman of the Executive Committee of LSR Group, said: “The first half of 2016 brought many positive changes for us. The real estate mar... |
Egypt: Sinai Cement returns to profit30 August 2016, Published under Cement NewsSinai Cement has announced that it earned a net profit of EGP15.4m (US$1.7m) for the first half of 2016, reversing the EGP28.7m losses that it recorded in the same period last year, Mubasher reports. Performance was even more encouraging when considering the second quarter alone. In the period April to June 2016, Sinai’s profits were EGP52.6m as compared to a loss of EGP17.6m in 2015. |
Cherat Cement posts FY16 results, plans second line26 August 2016, Published under Cement NewsPakistan's Cherat Cement Company Ltd (CHCC) has announced its FY16 results, which saw the company reporting a profit after taxation of PKR1.405bn (US$13.4m) compared to PKR1.288bn in last corresponding financial year, an increase of nine per cent. According to a company statement to the Pakistan Stock Exchange (PSX), its net sales increased by eight per cent to PKR7079bn whereas the cost of sales decreased by three per cent to PKR4.445bn. Moreover, the company also declared a final cas... |