Cement News tagged under: business results

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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.

Lafarge hit by winter weather and lack of carbon credit sales

26 July 2013, Published under Cement News

Lafarge's first-half turnover eased by 4.8 per cent to EUR7248m (US$9628.3m) and the EBITDA declined by 14 per cent to EUR1302m, while the trading profit fell by 21.8 per cent to EUR791m. The gain from the sale of emission permits in the period was negligible compared with EUR46m a year ago. The net attributable profit amounted to EUR84m, compared with a EUR21m loss a year earlier. Net debt at the end of June was 5.3 per cent lower at EUR11,881m and the gearing level declined from the 77.4 p...


04 April 2013, Published under Cement News

Holcim Philippines reported record volumes in 2012. Cement shipments, which had declined by five per cent in 2011, rose by 21 per cent. Turnover grew by more than a quarter to PHP27,160m (EUR517.7m/US$660m) and the net profit, which had dropped by 47.1 per cent in 2011, jumped by almost 80 per cent to PHP3630m as the construction industry led the country's economic recovery. The company's management is expecting further volume growth in 2013 and is importing clinker to ensure cement supplies...


04 April 2013, Published under Cement News

Lafarge's Greek subsidiary Heracles General Cement Company is closing down its Halkis works permanently, thereby reducing capacity by 2.3Mta. The Halkis works, which had been supplying the domestic market, has been idle since July 2011. The Attika market will now be supplied by the Drapetsona terminal that will receive its supplies from the two remaining Greek plants, at Volos and at Milaki. Since 2008, cement demand in Attika, the most important cement market in Greece, has dropped by 80...


04 April 2013, Published under Cement News

HeidelbergCement's turnover improved by 8.9 per cent last year to EUR14,020.2m (US$17,927m) while the EBITDA was ahead by 6.7 per cent to EUR2477.2m. At the trading level, the improvement reached 9.4 per cent to EUR1613.3m and the net interest charge was 2.4 per cent higher at EUR558.7m out of a total financial charge 10.3 per cent ahead at EUR640.9m. This resulted in a 23.6 per cent reduction in the pre-tax profit by to EUR607.4m. After a 36.6 per cent reduction in the tax charge and a turn...