Cement News tagged under: business results

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Cementos Portland to refinance EUR817m debt, reports 9M15 results

12 November 2015, Published under Cement News

Cementos Portland is currently analysing “various alternatives” to refinance EUR817m of debt, 59 per cent of its total liabilities, which expires in 2016. "The debt refinancing of the syndicated loan that matures in 2016 is ongoing and the company works in different scenarios with FCC in a coordinated way," said the cement maker on the occasion of the presentation of its quarterly results. Cementos Portland’s  debt restructuring process runs in parallel with the plan of FCC to repay EUR45...

India: Udaipur Cement Works sees 12.6 per cent YoY gain in Jul-Sep revenues

09 November 2015, Published under Cement News

Udaipur Cement Works reported total revenues of INR214.9m (US$3.24m) , down 4.3 per cent QoQ, but up 12.6 per cent YoY. The company also recorded a net profit of INR15.6m for the quarter ended September 2015, a significant improvement when compared with the previous quarter when a INR14.6m loss was posted as well as with the previous year’s Jul-Sep quarter, which saw a INR15m loss

Egypt: Alexandria Portland Cement Co sees EGP116m loss in 9M15

09 November 2015, Published under Cement News

Egypt’s Alexandria Portland Cement Company reported a EGP116m (US$14.4m) loss in the first nine months of 2015, in an official statement to the Egyptian Stock Exchange (EGX). This compares with a 9M14 profit of EGP71m. The latest results continue the trend noted in 1H15, where the  company recorded losses worth EGP 67.7m, unlike in the first six months of 2014 when its profits stood at EGP 38.5m.  

Spain: Cementos Molins 9M net profit rises 38%

06 November 2015, Published under Cement News

Spain's Cementos Molins registered a net profit of EUR41.9m in the first nine months of the year, up 37.6 per cent YoY, according to the company. Total sales reached EUR473m, an increase of nearly 22 per cent YoY while operating profit reached EUR19.07m, advancing 1.9 per cent when compared with a year ago. The “negative result” for Spain was more than offset by its operations abroad, which contributed EUR51m. While Cementos noted improved results in the 3Q15 due to a pick-up in the d...


02 November 2015, Published under Cement News

During the first nine months of the year, Cemex' turnover declined by 7.2 per cent to US$10,722.4m while EBITDA was 1.4 per cent lower at US$1974.3m. The trading profit, however, advanced by 5.8 per cent to US$1264.6m while the net interest charge declined by 24 per cent to US$962.4m. The pretax profit improved by 41.1 per cent to US$166m. A 43.5 per cent lower tax charge led to the net attributable loss shrinking from US$325.9m to US$77.3m. The net debt at the end of September was 5.2 per c...


28 October 2015, Published under Cement News

The second quarter of 2015 saw cement demand in South Africa grow by 1.5 per cent to 3.08Mt, compared to the same period last year. This has fallen considerably from the 15.6 per cent expansion seen in 1Q15. According to PPC, this flat volume growth, along with increased competition in the local market, is being blamed for the two per cent contraction in average cement prices in the South Africa market of late. Speaking at the recent RMB Morgan Stanley conference in Cape Town, Darryl Cast...

PT Semen Indonesia

28 October 2015, Published under Cement News

Semen Indonesia is joining forces with cement producer Semen Kupang, a subsidiary of Bank Mandiri, to construct a 1.5Mta cement plant in Kupang in East Nusa Tenggara. Costing US$185m work is due to begin on the new facility next year with around 40 per cent of its output destined for the export market. The news comes hot on the heels of Semen Indonesia announcing a 2.6 per cent fall in total volume sales in January to September this year to 18.6Mt, compared to 19.1Mt in 9M14. Total domest...

Dangote Cement

28 October 2015, Published under Cement News

Dangote has announced an increase in sales of 18 per cent to NGN366bn in 9M15, compared to the same period last year. Net income grew over the period from NGN141bn to NGN158bn, while profit before tax expanded by 8.4 per cent to NGN166.9bn, up from NGN154bn in 9M14. Earlier this month Dangote Industries announced plans to build 18 new cement plants across Africa and Asia. According to the company, the move hopes to transform Africa into an export continent rather than depending on imports...

UltraTech Cement

28 October 2015, Published under Cement News

In the three months to the end of September this year, UltraTech Cement saw its standalone net sales increase by 4.2 per cent to INR56.21bn (US$864m), up from INR53.79bn in the same period last year. Profit before interest, depreciation and tax also rose, up by 8.6 per cent YoY. Combined cement and clinker sales over the period hit 11.51Mt with cement sales expanding by five per cent. With the government committed to infrastructure development, housing and roads, UltraTech hopes to positi...

Cementos Chihuahua 3Q15 sales rise 23% YoY

28 October 2015, Published under Cement News

Mexico’s Cementos Chihuahua posted sales of MXN3.983bn (US$241.4m), up 23 per cent YoY, in the third quarter of 2015. The rise in turnover has been attributed to higher volumes and prices in Mexico and the USA. Sales in the US expanded by 24 per cent on the back of a three per cent advance in cement volumes in Minnesota, Texas and Colorado as the building and infrastructure sectors generated extra demand. This helped offset an 11 per cent fall in concrete sales. In Mexico, sales saw a ...