Cement News tagged under: business results
Spain: Cementos Molins 1Q16 profit up 1.7%03 May 2016, Published under Cement NewsCementos Molins posted profits of EUR15.36m for Jan-Mar 2016, up 1.7 per cent YoY. However, sales reached EUR130.69m, 10.2 per cent down when compared with 1Q15. The business result was impacted by a contraction in Spain and to some extent, the negative impact of foreign currency depreciation, especially in Argentina and Mexico. Nevertheless, the Argentinian and Mexican businesses led the improvement in results with better margins compensating for their currency depreciation. Urugu... |
PT Semen Indonesia29 April 2016, Published under Cement NewsSemen Indonesia is one of three players in the Indonesian market suffering from falling cement prices in the wake of an influx of new players. According to a report by Trimegah Securities, the last couple of years have seen a number of new entrants to the market who are offering cement at prices up to 10 per cent below those of the country’s established manufacturers. The new players include Anhui Conch (1.55Mta), Pan Asia (2Mta), Siam Cement Group (1.9Mta), Cemindo Gemilang (4Mta) and Jui S... |
UltraTech Cement29 April 2016, Published under Cement NewsUltraTech saw its profits rise by 10 per cent YoY in 4QFY16, outperforming industry estimates. Consolidated net profit over the period came in at INR7230m (US$108.52m), compared to INR6750m in the same period last year. The advance is being attributed to a strong operational performance, namely operational efficiencies, a “judicious” fuel mix and a fall in fuel prices. Net sales over the same period rose by five per cent to INR68.5bn with total cement demand expanding by 15 per cent. The com... |
Anhui Conch29 April 2016, Published under Cement NewsAnhui Conch has posted its first profit fall in three years as China’s slowing economy continues to hit the construction sector. 2015 saw the company record a net profit of CNY7.5bn (US$1.15bn), down from the CNY11bn reported in 2014 and falling short of average estimates of CNY8.1bn. This follows net profit rises in 2013 and 2014. Subdued construction activity, particularly in infrastructure and real estate, is being blamed for the dampened demand for cement along with other building ma... |
Qassim Cement profits fall 17% in 1Q1611 April 2016, Published under Cement NewsSaudi Arabia’s Qassim Cement saw its profits drop 16.8 per cent YoY to SAR135.4m (US$36.1m) from SAR162.7m. The fall in profits has been attributed to an increase in cost of sales which was unable to offset the rise in sales value and volume during the first quarter. |
Ukraine: Volyn Cement posts 2015 rise in net revenue, but loss deepens11 April 2016, Published under Cement NewsVolyn Cement, one of the top-three producers in Ukraine, posted a 23 per cent rise in net revenue from UAH754.892m (US$29.46m) in 2014 to UAH860.352 in 2015. However, the company reported a loss of UAH504.262m in 2015. In 2014 Volyn Cement reported a loss of UAH455.553m, having increased its net revenue by 12.06 per cent or UAH81.253m YoY to UAH754.892m. |
India: Sagar Cements reports 16% rise in March sales08 April 2016, Published under Cement NewsIndia’s Sagar Cements Ltd reported a 16 per cent increase in March sales from 170,410t in 2015 to 197,583t. Sales were particularly strong in Andhra Pradesh and Telangana, where they rose by 135 per cent to 59,830t and by 119 per cent to 52,101t, respectively. Sales in Karnataka were hit by a 47 per cent decline and in Tamilnadu they fell by 36 per cent. Orissa and Maharashtra recorded decreases of 18 and six per cent, respectively. Output saw a 42 per cent rise from 140,480t in March 2015 t... |
LafargeHolcim04 April 2016, Published under Cement NewsThe LafargeHolcim subsidiary Bamburi Cement in Kenya increased its turnover by nine per cent to KES39,200m (EUR30m). After an investment income 7.2 per cent higher at KES374m (EUR3.3m) and the foreign exchange element swinging from a KES170m loss to a KES104m profit (EUR0.92m) profit, the pretax profit rose by some 46 per cent to KES8460m shillings (EUR74.8m) helped by good demand in Kenya and Uganda. LafargeHolcim's underlying turnover for 2015 amounted to CHF29,483m, a decline of 6.2 p... |
HeidelbergCement04 April 2016, Published under Cement NewsHeidelbergCement's turnover increased by 6.7 per cent last year to EUR13,465m and EBITDA improved by a 14.2 per cent to EUR2612.7m and the trading profit advanced by 15.7 per cent to EUR1846.1m. After a 14.3 per cent reduction in net interest payments to EUR396.3m, the pretax profit rose by 41.1 per cent to EUR1313.4m and the net attributable profit jumped by 64.7 per cent to EUR800m.1m after a 54.3 per cent higher tax charge and a minorities charge of 9.2 per cent lower at EUR183.1m. The di... |
Cemex04 April 2016, Published under Cement NewsCemex has agreed the sale of its operations in Bangladesh and Thailand to Siam City Cement for around US$53m. In Thailand there is an integrated works at Saraburi with a clinker capacity of 0.73Mta and a cement capacity of 0.85Mt. The Bangladesh operation consists of a grinding centre with a capacity of 0.55Mta. Cemex is also considering the sale of a minority stake in Cemex Holdings Philippines through a public offering and has lodged an appropriate application with the Securities and... |