Cement News tagged under: China National Materials Co
PPC26 April 2018, Published under Cement NewsPPC is reportedly in talks with China National Materials Co (Sinoma) over the sale of a majority stake in PPC’s operations in the Democratic Republic of Congo. Over the last five years, PPC has invested ZAR12bn (US$995m) in new capacity, taking the company into Ethiopia as well as the Democratic Republic of Congo. However, an oversupply of cement in Congo has led to what PPC describes as a “challenging” time in the country, forcing it to negotiate a debt holiday with lenders. It is now lo... |
Sinoma sells Midong Tianshan and Fukang Tianshan stakes23 September 2016, Published under Cement NewsChina National Materials Company (Sinoma) said its subsidiary Xinjiang Tianshan Cement recently carried out an equity transfer framework agreement. A 64.56 per cent stake in Xinjiang Midong Tianshan Cement and the entire equity interest in Xinjiang Fukang Tianshan Cement, both held by Tianshan Cement, as well as the 19.39 per cent stake in Midong Tianshan held by Xinjiang Tunhe Cement are to be under consideration for acquisition with Zhongtai Chemical. Sinoma added the equity transfer ... |
China's Sinoma profit falls as turnover climbs26 August 2013, Published under Cement NewsChina National Materials Co Ltd, Sinoma Group (China), has reported mixed results for the first six months of 2013. While turnover over the period moved ahead 6.9 per cent to CNY21.8bn (US$3.6bn), net profit for the period fell 38.8 per cent to CNY101.2m (US$93.9m) from CNY165.3mn a year earlier. The company's cement production division recorded revenues of CNY10.322bn (US$1.686bn), up 15.2 per cent YoY, which was mainly due to the increase in sales volume resulting from the commissioning o... |
Sinoma Intl warns of 30-50 per cent drop in 1H net profit03 July 2012, Published under Cement NewsSinoma International Ltd announced yesterday that it expected its net profit to drop 30-50 per cent YoY in the first half of this year. In the first six months of 2011, the company's net profit was CNY739m. The company said the significant drop in net profit was in part due to a loss from an overseas project. In 2011, the company's net profit attributable to shareholders of the company surged 32.78% from the previous year to CNY1.46bn, with earnings per share at CNY0.41. Pre-tax profit r... |
Page
1
of
1
1