Cement News tagged under: business results
China Shanshui Cement loses almost US$1bn in 201531 March 2016, Published under Cement NewsChina Shanshui Cement Group has declared a full-year net loss of US$988m for 2015 following a troubled year for the company that included the replacement of its entire board in December. The losses stem in part from a US$360m write-down of goodwill assets due to "forecasted less satisfactory results of operations of group companies in the foreseeable future and over-payment in the acquisitions of certain cement plants in the past", Dow Jones reports. Administrative expenses during the ... |
Chile: Bío Bío sees 4.2% profit rise in 201531 March 2016, Published under Cement NewsChilean cement producer Cementos Bío Bío saw its profits rise by 4.17 per cent to CLP21,141.17m (US$31.32m) in 2015 when compared with CLP20,295.75m noted the previous year. Income advanced 4.45 per cent from CLP283,525.81m in 2014 to CLP296,137.8m one year later. |
PT Indocement29 March 2016, Published under Cement News2015 saw Indocement’s total sales volume fall by 7.3 per cent to 17.3Mt, compared to 18.7Mt in 2014. Domestic sales contracted by 7.7 per cent to 17.1Mt over the same period, despite domestic cement consumption growing by 1.8 per cent last year. Exports, meanwhile, grew by 36.9 per cent, rising from 156,000t in 2014 to 213,000t in 2015. Net revenue for 2015 came in 11 per cent down at IDR17,798.1bn (US$1.35bn) due to lower domestic sales and a 4.4 per cent contraction in the average sales... |
PPC29 March 2016, Published under Cement NewsPPC intends to double its business every 10 years, starting with a 50 per cent increase in its cement production capacity by 2018, according to a presentation by the company at a Merrill Lynch conference in Sun City, South Africa. Its current 8.6Mta capacity is expected to grow to an estimated 12.7Mta by 2018 through investments in DRC (+1Mta), Zimbabwe (+0.7Mta), Ethiopia (+1.4Mta) and an upgrade of its South African Slurry works (1Mta). This comes on the back of a one per cent fall in g... |
Dangote Cement29 March 2016, Published under Cement NewsDangote Cement has reported a 14 per cent rise in profit in 2015, up from NGN159.5bn (US$801m) in 2014 to NGN181.32bn (US$910m), driven by new plants and price reductions. The last two years have seen the company open six new facilities across Africa, all of which have performed well, increasing sales volumes by 35 per cent as well as gaining valuable market share. September 2015 saw Dangote implement a price cut in its home market of Nigeria to boost consumption and compete with imports... |
PT Semen Indonesia29 March 2016, Published under Cement NewsSemen Indonesia’s total cement sales reached 1.82Mt in February 2016, down almost nine per cent from the 1.99Mt recorded in the same month last year. Domestic sales fell 5.8 per cent from 1.92Mt to 1.81Mt, while exports plummeted by 90 per cent from 69,355t in February 2015 to just 6357t a year later. Total sales for the year so far stand at just over 4Mt, down 2.4 per cent from the same period in 2015. Looking ahead to 1H16, the company has forecast cement sales to grow by 4-5 per cent o... |
Bosnia: TCK sees net profit rise to EUR7.1m in 201524 March 2016, Published under Cement NewsBosnian cement producer Tvornica Cementa Kakanj (TCK), owned by HeidelbergCement, saw its net profit jump to BAM13.8m (US$7.88m), up 22 per cent from BAM11.3m in 2014. The company’s operating revenue edged up 1.4 per cent YoY to BAM62.1m in 2015. Operating costs decreased to BAM48.2m from BAM49.7m in 2014, TCK said in its financial report sent to the Sarajevo Stock Exchange. |
Ukraine: Pushka Cement reports UAH5.8m loss in 201521 March 2016, Published under Cement NewsKramatorsk-based Pushka Cement Plant in the Donetsk region of Ukraine has preliminarily reported loss of UAH5.835m (US$219,364) for 2015. The Eurocement Ukraine subsidiary reported a loss of UAH17.178m in 2014. The assets of the company made up UAH 70.195m, receivables UAH 53.927m and current liabilities UAH 0.111m. |
Indonesia: PT Indocement streamlines operational efficiency21 March 2016, Published under Cement NewsIndonesia's second-largest cement producer, PT Indocement Tungall Prakarsa, has seen its net profit fall decelerate as operational efficiency measures have successfully taken hold The publicly-listed company’s Board of Directors announced that Indocement booked IDR4.36tn (US$33.3bn) of net profits last year, 17.6 per cent less than the IDR5.29bn in 2014. Its revenues slid by 11 per cent to INR17.8tn. Indocement finance director, Tju Lie Sukanto, said the drop in revenues was caused by lo... |
Kenya: Bamburi Cement sees 50% profit hike in 201517 March 2016, Published under Cement NewsBamburi Cement’s profit jumped 50.4 per cent YoY to KES5.8bn (US$748m) in 2015 as both domestic and overseas sales saw growth. Operating expenses increased 29 per cent YoY to KES5.2bn. The profit was achieved despite a slowing Kenyan economy in 4Q15, according to Bruno Pescheux, group MD. The 2015 market conditions were more favourable compared to 2014, with stable micro-economic conditions for most of the year in both the domestic and regional markets,” he said. The company saw its operati... |