Cement News tagged under: business results
Cementos Portland Valderrivas reduces losses29 July 2013, Published under Cement NewsSpain’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 loss29 July 2013, Published under Cement NewsHigher 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 1QFY13-14FY29 July 2013, Published under Cement NewsJK 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 sales26 July 2013, Published under Cement NewsLafarge'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... |
Holcim04 April 2013, Published under Cement NewsHolcim 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... |
Lafarge04 April 2013, Published under Cement NewsLafarge'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... |
HeidelbergCement04 April 2013, Published under Cement NewsHeidelbergCement'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... |
Cemex04 April 2013, Published under Cement NewsCemex Deutschland will have closed more than 10 batching plants by the end of March, either on a temporary or permanent basis, because of reduced levels of demand. |
Italcementi04 April 2013, Published under Cement NewsItalcementi's turnover declined by 3.8 per cent in 2012 to EUR4480.1m (US$5729m), but the underlying EBITDA was down by 9.8 per cent to EUR632. After impairment charges that jumped from EUR134.3m to EUR309.4m, the previous year's trading profit of EUR138.9m was turned into a EUR150.9m loss. Net financial charges were 0.9 per cent higher at EUR83m. A 91.2 per cent drop in exceptional costs and a 40.4 per cent reduction in the contribution from associates gave a pre-tax loss of EUR224.2m compa... |
Votorantim04 April 2013, Published under Cement NewsThe Votorantim group reported at turnover 4.8 per cent ahead at BRL24,792m (US$12,249m), of which the cement division represented 39.5 per cent, and an underlying EBITDA of BRL5101m of which cement accounted for 62.7 per cent. In the cement division, turnover was some nine per cent higher at BRL9800m and the EBITA improved by around 11 per cent to R$3200m. In Brazil, both volumes and prices were up by four per cent, while in North America volumes improved by 17 per cent and prices by 12 p... |