UAE: Sharjah Cement sees 20% fall in 4Q profits
Sharjah Cement and Industrial Development Co reported a 20 per cent YoY decrease in profits for 4Q16. Profits declined from AED24.52m (US$6.68m) in 4Q15 to AED1958m in 4Q16.
Business Results
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Peru: Cementos Pacasmayo sees 13% drop in sales in 4Q16
Peru's Cementos Pacasmayo saw its cement, concrete and blocks sales decline by 12.7 per cent YoY in 4Q16. However, there was extraordinary spending associated with El Niño preve...
UAE: Fujairah sees profit 12% rise in 2016
Fujairah Cement saw a 57.3 per cent drop in its profits during the 4Q16, according to a bourse filing. Profits fell to AED11.07m (US$3m) in 4Q16 from AED25.95m in 4Q15. However,...
Cemex Latin American Holdings saw lower sales and profit
Cemex Latin American Holdings saw turnover decline by 7.8 per cent to US$1315.3m and EBITDA came off by 5.8 per cent to US$423.7m, with the margin recovering from 31.5 to 32.2 p...
Cemex's consolidated 4Q16 and full year 2016 report
Cemex, SAB de CV announced that on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by four per cent dur...
India: Birla sees 8% drop in 3Q income
Birla Corp reported a saw its net profit fall from INR139.9m (US$2.09m) in 3QFY15-16 to INR20.9m in 3QFY16-17.
Vulcan's pretax profit grows by 67%
Vulcan Materials' turnover increased by 4.7 per cent in 2016 to US$3592.7m and EBITDA rose by 17.3 per cent to US$965.5m. After a net interest charge 39.5 per cent lower at US$1...
India: Ramco Cements reports 28% rise in 3Q net profit
India’s Ramco Cements has reported a 28 per cent YoY increase in net profit to INR1.519bn (US$22.6m) in 3Q16. The company attributes the rise to a reduction in operating costs a...
Zimbabwe: PPC sales to December up 9%
PPC says sales at its Zimbabwe unit rose by nine per cent in the nine months to December 2016 after commissioning its Harare plant. The Harare plant was commissioned in November...
FCC triples loss but cuts debt by third in 2016
Spain’s FCC closed 2016 with a net loss of EUR165.2m, trebling losses when compared with the previous year. The result was attributed to the impact of the cement business and th...