Turkey: Oyak Cimento posts TRY 335.60mn net profit in January-September 2014

Turkish cement producer Oyak Cimento Grubu's turnover in the first nine months of 2014 increased by 18% to TRY 1.10 billion (€396.77 million/US$500.31 million) while its net profit was up by 84% to TRY 335.6 million. The group is expecting the sector to have a growth of 5% in 2015. This growth is due to infrastructure and urban renewal projects and the company is expecting the sector to grow by 6% in 2014.

November 6, 2014 Read time: 1 min

Turkish cement producer 5081 Oyak Cimento Grubu's turnover in the first nine months of 2014 increased by 18% to TRY 1.10 billion (€396.77 million/US$500.31 million) while its net profit was up by 84% to TRY 335.6 million.

The group is expecting the sector to have a growth of 5% in 2015. This growth is due to infrastructure and urban renewal projects and the company is expecting the sector to grow by 6% in 2014.

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Breedon Aggregates nearly doubles profits in 2014

The UK’s largest independent aggregates firm nearly doubled its profits in 2014 due to growing demand from construction companies and through acquisitions. Breedon Aggregates has revealed that its pre-tax profits rose 94% to €29.26 million (£21.4 million) in the 12 months to December 31 2014. Total turnover for the ambitious quarrying, asphalt and ready mixed concrete business was up a fifth to almost €370.97 million (£270 million). During 2014, it quarried 7.7 million tonnes of limestone, granite, basalt,

March 14, 2016

Kenya’s Bamburi lifts profit while EAPCC, ARM Cement post loss

Bamburi, the Kenya-based cement manufacturer, reported a 12 months to December 2015 year-on-year increase in group turnover from KES 36 billion (US$355.2 million) to KES 39.2 billion ($383.1 million), attributed to solid growth in the contractor and infrastructure segments.

Additionally, Bamburi’s 2015 recording year net profit of KES 5.8 billion ($56.7 million) was an increase of 50.4% on the same period of 2014.

Meanwhile, two key rivals of Bamburi, state-owned East African Portland Cement (EAPCC)