Cement News tagged under: business results
UltraTech Cement22 July 2016, Published under Cement NewsUltraTech has reported a 29 per cent increase in profit after tax for the quarter ending 30 June 2016. On a consolidated basis, profit came in at INR7.8bn, up from INR6.04bn in the same period last year. Net sales over the period advanced by four per cent while EBITDA improved by 25 per cent from INR13.02bn to INR16.26bn. According to the company, the quarter saw improvements in operating costs due to “operational efficiencies and a judicious power and fuel mix”. UltraTech says that it ex... |
PT Semen Indonesia22 July 2016, Published under Cement NewsTotal cement sales by Semen Indonesia crept up by 1.2 per cent in the first half of 2016, compared to the same period last year. The opening six months of this year saw sales hit 12.37Mt, versus 12.23Mt in 1H15. Of this total, domestic sales accounted for 12.18Mt, up 1.6 per cent YoY, while exports slipped by 20.1 per cent to 189,052t, compared to 236,679t in the first half of last year. Semen Gresik reported total cement sales of 5.59Mt in 1H16, up 0.7 per cent YoY, followed by Semen Pad... |
Oman Cement’s 1H16 profits up 25%13 July 2016, Published under Cement NewsOman Cement has announced its profits are up by a quarter YoY for the 1H2016. In the first six months of the year, the company made a profit of OMR6.8m (US$17.7m), Muscat Daily reports. Total revenue was up by 15 per cent, at OMR31.5m (US$81.7m). The performance marks a recovery for Oman Cement after a poor trading year in 2015, but profits are still below their levels in the first six months of 2014. |
PT Semen Indonesia29 June 2016, Published under Cement NewsCement exports by Semen Indonesia (including Semen Padang and Semen Tonasa) fell by 21.3 per cent during May 2016 to 37,588t, compared to 47,751t in the same month last year, according to the Indonesian Cement Association. This took total exports for January-May to 133,497t, down by 27.5 per cent YoY. Domestic sales during May came in at 2.11Mt, up 6.7 per cent on the 1.98Mt recorded in May 2015. The January-May figure saw an increase of one per cent to 10.01Mt, compared to 9.91Mt in the sam... |
PPC sees six-month revenues and volumes flat14 June 2016, Published under Cement NewsIn its trading figures for the six months to 31 March 2016, PPC saw its operating profits fall by three per cent to ZAR733m (US$48m). Revenues were flat at ZAR4501m (US$294m), down one per cent on the same period in 2015. Likewise, volume sales were down one per cent overall, although in South Africa volumes rose by one per cent. Despite higher volumes, revenues in South Africa fell due to lower prices, while in the rest of Africa revenues rose by six per cent to ZAR1367m (US$89m). This f... |
Border closure costs Cementos Molins EUR25m06 June 2016, Published under Cement NewsThe closure of the border between Tunisia and Libya and the regional political tension has seen Cementos Molins’ assets depreciate by EUR25m as exports have fallen, according to sources close to the company. Cementos Molins, who owns two cement businesses in Tunisia, reported sales of EUR646m in 2015, representing an increase of 20 per cent YoY with profits at EUR50.8m, up 64 per cent. However, its subsidiary Sotacib, which produces white cement, reported losses of EUR7.2m and has been in ... |
LafargeHolcim02 June 2016, Published under Cement NewsLafargeHolcim's first-quarter turnover amounted to CHF6062m (EUR5997m). The Asia Pacific region generated 40 per cent of group turnover, while Europe represented 14.2 per cent and North America 10.7 per cent. Latin America contributed 13.4 per cent and Africa/Middle East 21.6 per cent. Margins declined from 14.3 to 12.8 per cent and the underlying operating EBITDA dropped by 21.5 per cent to CHF824m (EUR815m). Net debt at the end of March was 4.5 per cent higher at CHF18,041m (EUR17,848m), g... |
HeidelbergCement02 June 2016, Published under Cement NewsHeidelbergCement's first-quarter turnover was virtually unchanged (-0.1 per cent) at EUR2835.3m while EBITDA improved by 7.2 per cent to EUR320.9m and the trading profit rose by 19.9 per cent to EUR137.8m. The net interest charge declined by 11.5 per cent to EUR86.7m and the EUR33.1 pretax loss was replaced by a profit of EUR14.3m and the net attributable loss declined by 41.5 per cent to EUR72m. Capital expenditure in the period was 36.7 per cent higher at EUR257m. Net debt at the end... |
CRH02 June 2016, Published under Cement NewsCRH Ciment in Romania, which was acquired at the end of July, has reported a calendar 2015 turnover 23 per cent higher at EUR189m and the profit rose by 40 per cent to EUR30.1m. |
Votorantim02 June 2016, Published under Cement NewsVotorantim saw its first quarter turnover decline by 5.9 per cent to BRL6718m (EUR1672m) while the EBITA dropped by 39.8 per cent to BRL845m (EUR210m). The trading profit fell by 42.6 per cent to BRL445m (EUR111m) while the net interest charge rose by 23.9 per cent to BRL497m (EUR124m) and the investment income went from a negative BRL149m to a positive BRL344m, giving a pretax profit 29.8 per cent higher at BRL292m (EUR73m). Net debt at the end of March stood at BRL18,457m (EUR4593m) to ... |