Arabian Cement second-quarter exceeds analysts’ forecasts
Saudi-based Arabian Cement reported a 60.2 per cent rise in second-quarter net profit to SAR199.8m (US$53.3m), beating analysts' forecasts. Al-Rajhi Capital noted that while ...
Results
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Colombia boosts Cemex Latin American Holdings
First-half turnover at Cemex Latin American Holdings improved by 6.1 per cent to US$864m while EBITDA declined by 7.5 per cent to US$283.1m. At the trading level there was a...
ARM Cement first-half pretax profit 20% higher YoY
ARM Cement's pretax profit rose 20 per cent to KES1.2bn (US$13.68m) in the first half of 2014, the Kenyan firm said on Friday. Total revenue increased by 16 per cent YoY to K...
Cemex heading towards strong earnings rebound
Cemex is expected to post a significant rebound in pretax earnings for the full year, driven primarily by the US recovery and an anticipated pick-up in Mexican volumes and pric...
Saudi: Qassim’s 2Q14 net profit slips, sales down 10%
Qassim Cement posted a 1.5 per cent decline in net profit for the second quarter of 2014 to SAR161.1m (US$43m). Sales volumes dropped 10 per cent YoY during the three months ...
Saudi Cement posts second-quarter net profit drop
Saudi Cement posted a 6.2 per cent drop in second-quarter net profit on Monday as declining sales impact revenue. The kingdom’s largest listed cement producer by market value ...
Anhui Conch issues positive profit alert, China
Yesterday, Anhui Conch said it expects first-half net profit up about 90 per cent YoY compared to CNY3.06bn (US$492.75m) a year earlier. The advance is being attributed to incr...
China Resources sales exceed guidance
China Resources Cement said its cement and clinker sales prices have exceeded expectations this year, meaning that first half profit "is expected to be significantly increased ...
Iskitimcement forecasts flat 2014 sales
Iskitimcement, based in Novosibirsk region, Siberia, said sales are expected to remain flat this year at 1.7M, according to Russian media. The company plans to produce 1.703Mt...
India Cements post fourth-quarter loss
India Cements has swung to a loss in the final quarter of the current fiscal compared to a profit last year on weak demand and overcapacity in southern markets. The Chennai-b...