Cement News tagged under: business results
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... |
Ciments du Maroc sees rise in 2015 net profit04 March 2016, Published under Cement NewsCiments du Maroc, part of the Italcementi group, posted an 8.5 per cent rise in turnover to MAD3.73bn (US$376m) in 2015. Cement sales advanced 1.2 per cent while ready-mix concrete and aggregate sales increased by 38 and 30 per cent, respectively. The company’s operating result improved by 14.8 per cent to MAD1.17bn and net profit was up 34.5 per cent to MAD1.02bn. |
Vicat02 March 2016, Published under Cement NewsVicat's turnover improved by 1.5 per cent in 2015 to EUR2458m, which translates into an underlying decline of 4.4 per cent on a like-for-like basis. Turnover in cement advanced by 0.8 per cent to EUR1495m, or EUR1256m after deducting inter-group transfers. Aggregates and concrete sales improved by 3.6 per cent to EUR914m, while other activities saw turnover edging ahead by 0.4 per cent to EUR400m. Cement accounted for 53.4 per cent of turnover, little changed from the 53.7 per cent shown for... |
Cimpor02 March 2016, Published under Cement NewsCimpor's turnover declined by 4.3 per cent in 2015 to EUR2,492.7m while EBITDA came off by 18.6 per cent to EUR525.7m. The trading profit emerged 30.2 per cent lower at EUR313.3m and the net financial charge increased by 9.3 per cent to EUR406.1m, giving a pretax loss of EUR92.8m compared with a profit of EUR77.3m in the previous year. A EUR12.4m tax credit helped to reduce the net attributable loss to EUR71.2m compared with a profit of EUR27.2m in the previous year. Net debt at the end of 2... |
Buzzi Unicem02 March 2016, Published under Cement NewsBuzzi Unicem's turnover improved by 6.2 per cent last year to EUR2662m, helped by a stronger US dollar, which boosted turnover by EUR183m. However, exchange rate movements also led to a EUR37m reduction in the Ukranian turnover and a EUR46m reduction in respect of the Russian currency. Ignoring exchange rate movements and changes in the sphere of consolidation, the turnover would have been one per cent higher. Net debt at the end of December was 3.1 per cent below the level seen a year earli... |
Italcementi02 March 2016, Published under Cement NewsThe Italcementi subsidiary Suez Cement is to convert the Tourah and Helwan works to burn coal and waste fuel, following the conversion of the Surz and Kattameya works last year. Work on the Helwan works will start in February and the conversion process at Torah is to commence in July. Italcementi's turnover improved by 3.5 per cent in 2015 to EUR4301.6m but EBITDA declined by 10.3 per cent to EUR584m and the trading profit fell by 36.6 per cent to EUR148.4m. The net interest charge decli... |
Cemex02 March 2016, Published under Cement NewsCemex' turnover declined by 7.8 per cent in 2015 to US$14,126.5m and EBITDA was down by 2.2 per cent to US$2636.2m, but the trading profit did advance by 2.3 per cent to US$1673.9m. The net interest charge did drop by 23 per cent to US$1,237.7m, while at the pre-tax level a US$136.9m loss in the previous year was turned into a US$215.4m profit. At the net attributable level US$507.4m loss was turned into a US$75.2m profit. Net debt, including perpetual notes, declined by 6.5 during the ye... |
HeidelbergCement02 March 2016, Published under Cement NewsThe preliminary figures from HeidelbergCement show a 6.7 per cent improvement in turnover for last year to EUR13,465m but eased by 0.2 per cent on a comparative basis. EBITDA advanced by 14.2 per cent to EUR2613m and the trading profit was ahead by 15.7 per cent to EUR1846m, or by 9.9 per cent adjusting for currency movements and changes in the scope of consolidation. The proposed take-over of Italcementi is progressing and several government approvals have already been received, but some di... |