08 Nov 2007
International Ceramics news Monitor-SOUTH AFRICA
Asaki.or.id – UK, SOUTH AFRICA: Ceramics Industries builds profits, JSE-Listed building materials manufactures Ceramics Industries said its full-year headline earnings a share increased by 15.7% to R12.50 a share, after it commisioned two new kilns at its pegasus and Aquarius Factories. The increased capacity, for which ceramics forked out R250million, boosted the company’s production and sales for the year ending July 31, to a record high. revenue increased by 26.7% to R1.38Billion, with revenue from tiles division increasung by 20% on increased capacity at the Pegasus factory, and the group’s Australian operation, Centaurus, advancing profit by 40%. Ceramics industries continued strong demand both tiles and sanitary ware in the year under review. Despite a slightly weaker currency, selling prices remained under pressure because of imports, especially from China. looking a head, Ceramics said that it would focus on consolidating its operations and ensuring that all factories were operating at full capacity. its economies of sclae should also counteract margin pressures presented by imported products. Ceramic was evaluating the need to establish a new FLOOR TILE FACTORY, Gryphon.

