Cement News tagged under: business results
Buzzi Unicem02 December 2015, Published under Cement NewsBuzzi Unicem's turnover for the first nine months improved by 5.2 per cent to EUR1998.1m while EBITDA rose by 16.4 per cent to EUR352.1m. The trading profit was ahead by 52 per cent to EUR206.9m and net financial charges rose by 65.2 per cent to EUR83.8m. The contribution from associates increased by 38 per cent to EUR50m and the pretax profit was ahead by 46.9 per cent to EUR178.9m. The tax charge, however, declined by 11.8 per cent while the minorities charge fell by 68 per cent, leading t... |
Cimpor02 December 2015, Published under Cement NewsCimpor's nine-month turnover declined by 1.2 per cent to EUR1927.9m and EBITDA came off by 14.2 per cent to EUR395.1m as cement deliveries in Brazil, Egypt and South Africa fell by 15.8 per cent, 13.8 per cent and 7.7 per cent, respectively. Argentina, on the other hand, improved shipments by 9.3 per cent. The trading profit (EBIT) came down by 22.7 per cent to EUR248.5m and the net financial charges declined by 4.6 per cent to EUR274m, to give a pretax loss of EUR25.5m compared with a profi... |
Vicat02 December 2015, Published under Cement NewsVicat's turnover for the first nine months of the year improved by 1.9 per cent to EUR1883m, which represents an underlying decline of 5.3 per cent. The gearing level was reduced from 46.8 per cent at the end of September last year to 43.7 per cent this time. Turnover in cement was 2.5 per cent higher at EUR1157m, which represented 53.9 per cent of the group total. Cement deliveries declined by 4.4 per cent to 15.13Mt. The aggregates and concrete turnover improved by 1.8 per cent to EUR682m,... |
Cementos Argos01 December 2015, Published under Cement NewsCementos Argos, a subsidiary of Grupo Argos, has reported double-digit growth in revenue, EBITDA and net profits in 3Q15, driven by the ongoing recovery in the US, improved dynamics in the Colombian market and the company’s organisational excellence programme. Net income jumped by 43 per cent to COP151bn (US$48.8m), compared to the same period last year, while EBITDA advanced by 61 per cent to reach COP432bn. Meanwhile, consolidated revenue grew 51 per cent to COP2.3trn. Cement sales came... |
China National Building Materials (CNBM)01 December 2015, Published under Cement NewsChina National Building Materials (CNBM) has received an order from Arabian Cement Company (ACC) for a new grinding plant complete with two Loesche 63.3+3 vertical roller grinding mills with a table diameter of 6.3m and main drive size of 7400kW. The plant, being constructed in Rabigh, Saudi Arabia, will have a clinker production capacity of 10,000tpd. The project will be undertaken on a ‘Fast-Track Concept’ basis with a schedule – from the point at which the contract takes effect to the ... |
PPC01 December 2015, Published under Cement NewsIn its results for the year ended 30 September 2015, PPC has reported a “significantly improved second half financial and operational performance”. Revenue has advanced by two per cent to ZAR9227m (US$642.6m) while EBITDA has grown by 0.2 per cent to ZAR2362m. Following a 45 per cent decline in 1H15, net profit then improved by 23 per cent in the second half, ending the year down by 17 per cent at ZAR698m. Cement sales over the period fell by two per cent while aggregates slipped by five per... |
Colombia: Argos 3Q15 profits jump 63% YoY23 November 2015, Published under Cement NewsCementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a 15 per cent rise. For the nine-month period ended September, total cement sales reach 10.7Mt, reflecting an increase of 14 per cent when compared with 9M14. Argos concrete sales, which were particularly successful in the US and Colombia, advanced seven per cent to 9Mm3 in the quarter and five per cent in the first nin... |
Morocco: Cimar sees 7.6% EBITDA rise in 3Q1516 November 2015, Published under Cement NewsItalcementi-owned Ciments du Maroc (Cimar), Morocco, saw its turnover rise 1.8 per cent to MAD823m (EUR77.4m) in 3Q15, according to analysts at BMCE Capital Bourse. The figures do not reflect the current slowdown in public works and a lack of investment in social housing, which saw cement and clinker flows fall by 15.8 per cent QoQ (-4.2 per cent in 9M15). The rise in the cement price as well as the healthy sales of ready-mix concrete and aggregates, which expanded by 39.4 and 21.1 per cen... |
Cementos Portland to refinance EUR817m debt, reports 9M15 results12 November 2015, Published under Cement NewsCementos 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 revenues09 November 2015, Published under Cement NewsUdaipur 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 |