Cement News tagged: Corporate
Holcim raised first half margins
First half turnover at Holcim emerged at Sw.Fr.6,317m (€4,075m), an increase of 8.8%, or 9.8% if measured in local currencies. The operating profit at the EBITDA level rose by 12.6% to Sw.Fr.1,720m (
Cemex is in good shape to fight for Loma Negra
Cemex, the third largest cement producer at global level, would be prepared to invest an additional US$1 billion not accounted for in its 2004 budget if it decided to participate in the bidding proces
RMC Group braced for sharp drop in UK profits
Investors are bracing themselves for a sharp drop in profits from RMC Group PLC’s UK operations in the first half of 2004 when the company reports Thursday as lower roads spending by the UK&rsqu
Lafarge Malayan Cement Q2 net profit falls
Lafarge Malayan Cement Bhd said its second-quarter to June net profit fell to 24.83 mln rgt from 37.71 mln a year earlier after sales dipped to 443.38 mln rgt from 447.45 mln, with domestic demand for
Alexandria Portland Cement Releases 1H
Alexandria Portland Cement released 1H FY04 results ending June, in which consolidated net income recorded LE22.6 million, compared to a net loss of LE29.6 million in the comparable period last year.
Fancesa shareholders to discuss capital increase
Bolivian cement producer Fancesa is to hold an extraordinary shareholders meeting September 9 in Sucre, Fancesa said in a filing to the country’s stock market. The meeting will include discussi
Philippines Republic Cement
Republic Cement Corp, majority owned by Lafarge said Friday its board has approved to fully acquire Lafarge’s Continental Operating Corp which will increase its total cement capacity to 8.5Mta o
Kuwait Cement Co H1 2004
The net profit of Kuwaiti cement manufacturer Kuwait Cement Company fell to 7.12 mln Kuwaiti dinars ($24.2 mln/20 mln euro) in the first half of 2004 from 15.08 mln dinars ($51.2 mln/42.4 mln euro
YTL Corp pre-tax profit jumps 39%
YTL Corp Bhd has recorded a 39% jump in pre-tax profit to RM1.16bil for the fiscal year ended June 30, as revenue improved by 9% to RM4.4bil from the previous year on better operating results by i
FLS sees good demand for new kiln capacity
Turnover at FLS Industries rose by 8.7% to DKr.7767m (€1,031m) during the first half of 2004, while the EBITDA, though still modest, rose from DKr.27m (€3.6m) to DKr.362m (€48.7m). The trading profit
Siam City Cement: Lower 2H
Siam City Cement PCL said Wednesday it expects to maintain sales growth at 10% on year in the second half of 2004, but its net profit will likely be squeezed due to higher operating costs on rising oi
Indocement Hedges debt
The Management of PT Indocement Tunggal Prakarsa Tbk has been hedging the principles as well as the interest of its debt the company will pay until January 2005. Christian Kartawijaya, the finance di
Ultratech Cemco listed on bourses
Ultratech Cemco Ltd, the Aditya Birla Group’s cement company, was listed on the BSE and the National Stock Exchange on Tuesday. The stock opened at Rs. 305 per share at NSE and was quoted at Rs.
Egyptian ASEC Cement soars
Egypt’s ASEC Cement Co, posted a net profit of 12.62 mln Egyptian pounds (US$2.0m) for the first half of 2004, up 345.2 pct year-on-year. The increase in earnings followed a 26.7 per cent rise
Madras Cement: organic growth mooted
Cement manufacturers in the south of India had a bad start this financial year as consumption dropped in the April-June quarter. In this situation, Madras Cements stood out because its net profit incr
Eight Year Low for Monarch Cement
EBITDA for The Monarch Cement Company for its quarter ended June 30, 2004 was $4,189,525, a 9.2% decrease over the year earlier same quarter when Monarch Cement generated $4,612,504 in EBITDA. Monarch