Cement News tagged under: business results

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Eagle Materials boosted by acquisition

05 February 2014, Published under Cement News

Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2013 rose by 37.2 per cent to US$757m. The trading profit before corporate overheads increased by 67.5 per cent to US$184.7m, of which cement contributed 41.9 per cent. The trading profit advanced by 96.8 per cent to US$166.3m. After a net interest charge 27.6 per cent higher at US$14.2, the pre-tax profit jumped by 107.3 per cent to US$152m and the net pr...


03 October 2013, Published under Cement News

Lafarge has agreed the sale of its 53.3 per cent stake in its Honduras subsidiary Lafarge Cementos SA de CV to Cementos Argos for €232m, subject to the necessary official approvals. This represents an historic EBITDA multiple of 8.6. The company's assets include one integrated cement works with a capacity of 1Mta and an additional grinding centre with a 0.3Mta capacity. Lafarge Cement Zimbabwe saw first-half turnover decline by 6.1 per cent to US$32.2m and the EBITDA was off by 3.8 per ce...

USA: TXI 1Q13 results reap the benefits of new line start-up

03 October 2013, Published under Cement News

Texas Industries Inc saw first quarter turnover increase by 33.6 per cent to US$233.1m, while corporate overheads were reduced by 15 per cent to US$8.7m and the EBITDA advanced by 94.2 per cent to US$37.3m. The interest charge jumped by 123.4 per cent to US$17.4m, reflecting the start-up of the Hunter cement plant in Texas, and at the pre-tax level there was a swing form an underlying loss of US$7.5m to profit of US$0.6m. At the net attributable level there was a swing from a US$2.7m loss ...

Uzbekistan: Akhangarancement records steady 7M13 results

02 October 2013, Published under Cement News

Akhangarancement, part of the Russia-based Eurocement group, has reported a steady growth in its key performance indicators for the first seven months of the year. From January to July 2013, the company produced 899,600t of cement and 678,300t of clinker, noting YoY increases of 1.2 and 13.5 per cent, respectively. Akhangarancement is the largest cement producer in the Tashkent region and operates the second-largest capacity in the country. Its production capacity currently stands at 1...

Thailand: Asia Cement predicts revenue growth deceleration

30 September 2013, Published under Cement News

Italcementi-owned Asia Cement expects slower revenue growth in 2014 as it forecasts a weaker domestic market and uncertainty over the government’s THB2trn (US$64bn) infrastructure investment, according to the Bangkok Post. Nopadol Ramyarupa, co-managing director of Thailand’s fourth-largest cement maker, said he expects revenue growth to be limited to four per cent. This year’s revenue is estimated at THB10bn, up by 17.6 per cent from last year’s THB8.5bn. "The economic slowdown and re...

Dangote sees 53% pretax profit rise, Nigeria

29 July 2013, Published under Cement News

Dangote Cement plc announced a NGN107.7bn (US$670m) profit before tax for the first half ended 30 June 2013. According to the firm’s six-month financial result released to the NSE, the profit before tax rose by 52.8 per cent compared to NGN70.8bn recorded in the corresponding period in 2012. Gross profit also increased, by 43.8 per cent from NGN91.9bn to NGN132.1bn, while operating profit moved up from NGN76.4bn to NGN111.1bn, indicating an increase of 45.4 per cent. The company saw...

Cementir improves first-half margins

29 July 2013, Published under Cement News

Cementir's turnover improved by 2.2 per cent to EUR472.4m (US$627.6m) during first half of the year as improvements in the Far East, the Americas, Norway and Turkey more than compensated for lower volumes in Italy and Denmark. The EBITDA improved by 10.8 per cent to EUR62m while the depreciation and impairment charge was 3.5 per cent ahead at EUR44.3m, leaving the trading profit 34.8 per cent ahead at EUR17.7m. The net financial charge was reduced by 71.1 per cent to EUR2.4m, resulting in...

Cementos Portland Valderrivas reduces losses

29 July 2013, Published under Cement News

Spain’s Cementos Portland Valderrivas cut losses by nearly 99 per cent to EUR0.6m (US$0.8m) despite a sharp decline in domestic cement demand. In the 1H12, the company had made losses of EUR48.6m. Valderrivas also swapped assets with Ireland’s CRH in 1H13, which provided capital gains of EUR104.8m. Valderrivas chairman and CEO José Luis Sáenz de Miera said: “Results for the first half reflect efforts last year to reduce costs in Spain, where demand continues to shrink, and to improve e...

HeidelbergCement India notes INR80m 1Q13-14 loss

29 July 2013, Published under Cement News

Higher input costs as well as a rise in fuel and power costs pushed HeidelbergCement’s Indian subsidiary into the red. The company reported a loss of INR79.5m (US$1.34m) for the first quarter ended 30 June 2013 in a BSE filing. In the equivalent quarter of last financial year, the firm had reported a INR192.7m net profit. However, HeidelbergCement India saw 1QFY12-13 income from operation rise to INR3.668bn from INR3.0744bn in 1QFY12-13. Meanwhile, total expenses shot up from INR2.7...

India’s JK Cement reports 55% drop in 1QFY13-14FY

29 July 2013, Published under Cement News

JK Cement reported a 55 per cent drop in its net profit at INR310m (US$5.22m) for the quarter ended 30 June 2013 as a result of lower realisation and higher input costs. In the corresponding quarter of the previous year, the company had posted a profit of INR690m. Total income from operations also fell 10 per cent from INR7.37bn to INR6.61bn.  EBITDA margins contracted from 21.47 per cent to 15.55 per cent.