Cement News tagged under: business results
Kazakhstan: Steppe Cement 1H loss falls in dollar terms14 September 2016, Published under Cement NewsSteppe Cement has published its financial results for the first six months of 2016. Losses in dollar terms fell to US$1.5m from US$2.2m in the same period in 2015. However, due to a revaluation of the tenge, losses in the company’s operating currency rose from KZT407m (US$1.2m) in 1H2015 to KZT517.5m in 1H2016. Turnover fell by 1.1 per cent to KZT8.2bn, but sales rose 6.1 per cent in volume terms to 0.76Mt. Revenues were hit by a fall in prices, which were down 9.1 per cent to KZT8781/t, ... |
India: Sagar Cements sales down 13.7% for 1HFY16-1708 September 2016, Published under Cement NewsSagar Cements has released its sales and production figures for the period to August 2016, reports Accord Fintech. These show that sales at the company fell by 13.73 per cent to 0.665Mt in the period April-August 2016 when compared to those of a year earlier. Production also declined, but less severely, being down by 1.52 per cent to 0.66Mt. In the month of August alone, sales were down 22.56 per cent to 0.108Mt, while production dropped to 0.102Mt, a fall of 11.21 per cent. Sagar C... |
PPC increase revenue and volumes in 3QFY15-1606 September 2016, Published under Cement NewsPPC reported a nine per cent YoY rise in quarterly sales revenue, commenting that sales revenue in South Africa increased two per cent and volumes by at least nine per cent in the company's 3QFY15-16. However, revenue outside of South Africa was even stronger, growing 19 per cent as a result of significant volume growth, newly commissioned plants in Rwanda and gains made through currency translations. CEO of PPC, Daryll Castle said, “the group's revenue has improved by six per cent suppor... |
Vicat02 September 2016, Published under Cement NewsVicat's first-half turnover eased by 0.4 per cent to EUR1237m, which amounts to a 4.3 per cent increase on a comparative basis. EBITDA improved by 2.3 per cent to EUR208m and the margin advanced from 16.3 per cent to 16.8 per cent. The trading profit moved ahead by 11.2 per cent to EUR103m, with the underlying margin improving by 16.5 per cent. The net attributable profit advanced by 45.7 per cent to EUR49m. The net debt at the end of the period amounted to EUR1059m and the gearing level dec... |
Cimpor02 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... |
Votorantim02 September 2016, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a second quarter turnover 3.8 per cent lower at BRL7573m (EUR2074m) while EBITDA declined by 17.4 per cent to BRL1490m (EUR408m). The first half generated a turnover of BRL14291m and EBITDA amounted to BRL2335m, a 27.4 per cent reduction. Votorantim Cimentos contributed 46 per cent of the turnover compared with 44.8 per cent a year earlier and all of EBITDA in the quarter compared with 49.6 per cent a year prior. Net debt declined by 4... |
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... |