Cement News tagged under: business results

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Trinidad Cement 9M14 revenues rises TTD97.2m

21 October 2014, Published under Cement News

Trinidad Cement Ltd (TCL) has seen its revenues rise by TTD97.2m (US$15.4m) in the first nine months of 2014. Revenues increased to TTD1.587bn from TTD1.49bn when compared with the same period last year. Profit after taxes amounted to TTD63.7m compared with TTD78.9m in the prior-year period. The advance has been attributed to growth in the domestic cement markets of Trinidad and Jamaica while price increases in Trinidad, Jamaica and Guyana also contributed to the positive result.

UltraTech sees 47% rise in net profit

20 October 2014, Published under Cement News

UltraTech Cement reported a 47 per cent YoY increase in its consolidated net profit to INR4.16bn (US$67.9m) for July-September, driven by a strong volume growth of 11 per cent and additional volumes from Jaypee’s cement units acquired last year. In July-September 2013, the company’s net profits reached INR2.83bn. Revenues for the period rose from INR48.49bn in 2013 to INR57.72bn in 2014. On a stand-alone basis, the Mumbai-based cement producer posted a net profit of INR4.1bn for the quart...

Sagar Cement posts INR2.82 net profit

20 October 2014, Published under Cement News

India-based reported a net profit of INR2.82bn in the quarter ended 30 September 2014, compared with a INR115m loss the previous year. The cement maker’s revenues rose by 23.6 per cent to INR1.25 in the July-September quarter. The other income of the cement company included INR3.49bn profit that was realised from the sale of its stake in tthe joint venture with Vicat group.


03 October 2014, Published under Cement News

Votorantim Industrial increased its first-half turnover by 9.2 per cent to BRL13,427m (EUR4450m). Of this, Brazil represented 60.9 per cent or BRL8161m, a nine per cent advance. The EBITDA jumped by 25.4 per cent to BRL3011m (EUR998m) and the net attributable income went from a loss of BRL108m to a BRL522m (EUR173m) profit. Capital expenditure in the period was reduced by 21 per cent to BRL976m (EUR324m), while the net debt was reduced by 4.5 per cent to BRL17,093m (EUR5666m). Of the seco...

Morocco: Lafarge turnover slips 2.1% in 1H14

16 September 2014, Published under Cement News

Lafarge’s Moroccan subsidiary, Lafarge Ciments, saw turnover in 1H14 slip by 2.1 per cent to MAD2.56bn (US$298m) as  prices and a favourable product mix only partially offset by 3.6 per cent a 4.4 per cent decline in sales. Consolidated net income was down 5.1 per cent to MAD725m. For the second part of the year, cement demand is expected to remain weak and Lafarge is forecast to see its turnover down 1.5 per cent.


03 September 2014, Published under Cement News

CRH's first-half turnover advanced by four per cent to EUR8324m and EBITDA improved by 27.2 per cent to EUR505m. The trading profit jumped from EUR41m to EUR171m and after a net interest charge 2.7 per cent higher at EUR150m, the pretax result went from a loss of EUR71m to a EUR61m profit. The net attributable result went from a EUR57m loss to a EUR46m profit. Net debt at the end of June was 11.6 per cent lower at EUR3703m, giving a gearing level of 39.9 per cent, which compares with 38.8 pe...


03 September 2014, Published under Cement News

Vicat's first-half turnover increased by 6.1 per cent to EUR1217.8m, which amounts to a 10.8 per cent advance on a comparative basis. EBITDA was ahead by 3.1 per cent to EUR207.7m and the margin narrowed from 17.5 per cent to 17.1 per cent. The trading profit, however, improved by 9.4 per cent to EUR115.2m, an underlying increase of 15.8 per cent. After a net financial charge 38.2 per cent higher at EUR29.7m and a 20 per cent decline in the income from associates to EUR1.7m, the pretax profi...


03 September 2014, Published under Cement News

Cimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pretax profi...

Buzzi Unicem

03 September 2014, Published under Cement News

Buzzi Unicem's first-half turnover improved by 2.7 per cent to EUR1180.7m and EBITDA rose by 27.7 per cent to EUR138.5m. The depreciation and impairment charges include EUR30.9m in respect of writing off the goodwill in the Ukraine. The first-half trading profit recovered from EUR3.1m to EUR14.1m and the interest charge declined by 1.2 per cent to EUR47m and the pretax loss was reduced from EUR26m to EUR11.1m.  After a tax charge 9.1 per cent higher at EUR9.7m and a minorities charge 25.3 pe...


03 September 2014, Published under Cement News

Lafarge's 89 per cent-owned subsidiary Heracles General Cement Company has announced a 9.3 per cent increase in turnover to EUR123.4m for the first six months of 2014 and EBITDA loss was reduced from EUR118.5m to EUR4.1m. The net loss after tax declined from EUR108.8m to EUR17.5m. Heracles' cement volumes increased by 11.7 per cent during the period as domestic deliveries showed a strong recovery from very low levels.