Cement News tagged under: business results
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 ... |
Cimpor02 June 2016, Published under Cement NewsCimpor has reported a first-quarter turnover 28.7 per cent lower at EUR454.1m and EBITDA fell by 35.1 per cent to EUR80.1m. The trading profit (EBIT) dropped by 51.9 per cent to EUR35.6m. The net financial charge edged ahead by 0.7 per cent to EUR75.8m to give a pretax loss of EUR40.3m, compared with EUR1.3m a year earlier. At the net attributable level there was a loss of EUR40.7m, compared with a loss of EUR17.2m a year earlier. The net debt was 10 per cent lower at EUR3170m, but the geari... |
Falling profits in South America, Egypt and Portugal hit Cimpor results01 June 2016, Published under Cement NewsCimpor has reported a first-quarter turnover 28.7 per cent lower at EUR454.1m and EBITDA fell by 35.1 per cent to EUR80.1m. The trading profit (EBIT) dropped by 51.9 per cent to EUR35.6m. The net financial charge edged ahead by 0.7 per cent to EUR75.8m to give a pretax loss of EUR40.3m, compared with EUR1.3m a year earlier. At the net attributable level there was a loss of EUR40.7m, compared with a loss of EUR17.2m a year earlier. The net debt was 10 per cent lower at EUR3,170m, but the gear... |
Philippines: Holcim Q1 revenues up 17.2%31 May 2016, Published under Cement NewsHolcim Philippines have released trading figures for 1Q2016, revealing that revenues have increased 17.2 per cent YoY to PHP10.1bn (US$216m), reports InPR. The company attributed its good performance to higher private spending and to increased government infrastructure investment, of which PHP760bn (US$16.25bn) of funding has been allocated. Holcim Philippines quarterly results showed operating EBITDA rising by 5.3 per cent to PHP2.5bn (US$53m). Holcim Philippines President and Country... |
Tanzania: Tanga Cement to double clinker capacity31 May 2016, Published under Cement NewsThe Tanga Cement Company Limited (TCCL) has announced plans to raise output to 1.2Mt once the new kiln line is operational at its plant in northeastern Tanzania, East African Business Week reports. Construction of the new kiln is to begin shortly and will raise capacity at the Tanga plant from its current level of 0.5Mta. Grinding capacity is already thought to be 1.2Mta, meaning that the plant has had to rely on clinker imports in the past. Speaking at its annual general meeting, Chai... |
India: JK Cement annual profits down 35.3%31 May 2016, Published under Cement NewsThe Times of India reports that JK Cement’s standalone net profit for 2015-16 was down 35.3 per cent on the previous year to INR1.015bn (US$15.1m). Quarterly profits for the period ending 31 March 2016 were up slightly YoY at INR705.6m (US$10.5m). Like most Indian producers, JK Cement’s performance appears to have suffered from negative pricing pressures. Revenues were up for both the year and the final quarter, implying higher volumes than for 2014-15, but despite this profits suffered. ... |