Cement News tagged: Corporate
Semapa To Receive sizeable capital gain
Portuguese cement group Semapa is expected to pocket a capital gain of some Euro 50m from the sale of its 45.126 per cent stake in Portugal’s cement producer Secil, it was reported on March 23,
Cement Hranice sees profit growth
Czech building materials maker Cement Hranice, a unit of Germany’s Dyckerhoff Zement International, made an audited net profit of Kc408.3m for last year, a yr/yr rise of 11 per cent, and sales a
FIIs silent on L&T cement demerger
Foreign institutional investors can sometimes think and operate quite differently from their Indian counterparts. The shareholder poll on the amendments moved by minority shareholders to the main reso
Monarch Cement’s earnings hit two year low
EBITDA for The Monarch Cement Company for its quarter ended December 31, 2003 was $3,826,187, a 21 per cent decrease over the year earlier same quarter when Monarch Cement generated $4,846,099 in EBI
Quinn poised to takeover Barlo
The Quinn Group is on the verge of taking over Barlo plc after offering €84 million for the company, €14 million more than a controversial management buyout (MBO) bid. Sarcon, a Northern Ireland-regi
Heidelberg Cement results preview
HeidelbergCement will publish FY03 results on Thursday 25 th March 2003 and will hold an analyst meeting in Frankfurt. 2003 sales, already disclosed in February, fell 3 per cent to €6372m in line with
Gansu Qilianshan Cement
Shanghai-listed Gansu Qilianshan Cement Co has reported earnings per share of 0.115 yuan for the accounting year of 2003 ended Dec. 31, down from 0.12 yuan for the previous year. The company’s n
UAE Sharjah Cement posts profits
UAE cement producer Sharjah Cement and Industrial Development Company posted a net profit of US$15.5m for 2003, up from US$3.9m in 2002. Earnings per share stood at The company’s board of
Merrill on the CRH-Secil deal
In scale terms, Merrill estimates proportionate consolidation of Secil for a full year in 2005 would add 3.5 per cent to group sales, seven per cent to EBITDA 05E. The additional debt for the stake (E
Cements firm on solid Egypt stock market
Cement shares rose on the Egyptian stock market on Thursday with investors speculating the sector would benefit from a rise in local cement prices and the weakness of Egypt’s pound against hard
Pakistani stocks buoyant
The cheer in Pakistan in not restricted to its cricket stadiums. The Karachi bourse is on a one-year winning streak and powering ahead. The KSE-100 has been rising while the world¹s major indices have
Holcim fixes rights issue
One week ago, Holcim announced that the size of its rights issue to fund the Apasco buyout and previous acquisitions since June 2001 would be CHF 1.5bn. The buyout offer for Mexican subsidiary Apasc
Semen Padang set to chalk up big jump in net profits
The management of state-owned cement maker PT Semen Padang hopes to chalk up Rp128.8 bn (US$14m) in net profit this year, up 92 per cent from 2003. Company President Dwi Soetjipto said this
Dyckerhoff reports Euro249m net profits in 2003
German building materials manufacturer Dyckerhoff AG said on March 17, 2004 its net profit in 2003 stood at Eiuro249m after a net loss of Euro128m reported for the previous year. Dyckerhoff earnings
Italian Buzzi Unicem buys stake in Riva
Italian cement and concrete company Buzzi Unicem bought a final 10 per cent stake in Italian cement producer Cementi Riva for a total of 5.2 mln euro (US$6.4m),it was reported on March 17, 2004. Follo
Shareholder files affidavit - against L&T-Grasim deal
An affidavit opposing Larsen & Toubro’s petition for Court sanction for the L&T-Grasim cement deal has been submitted. The petition comes up for hearing at the High Court, Mumbai, on March 18. T