Cement News tagged under: Corporate
Italcementi FY to rise to EUR550m from EUR391m15 May 2006, Published under Cement NewsItalcementi SpA is expected to increase full year net profit to EUR550m from EUR391m a year earlier, boosted by an increase in sales to EUR5.50bn from EUR5.00bn. EBITDA is forecast to rise to EUR1.32bn from EUR1.14bn and EBIT will increase to EUR920m from EUR766m. |
Profits jump at Egypt’s Suez Cement, Asec Cement15 May 2006, Published under Cement NewsEgypt’s Suez Cement and Asec Cement, both controlled by Italcementi, reported sharp rises in their firt-quarter net profits on Sunday, with rises of 111 and 77 percent respectively. Suez Cement, Egypt’s top cement producer, said it made a net profit of E£222.65m (US$38.65m) in the first three months of 2006, while Asec said it made E£94.85m in the same period. |
Holcim Shareholders OK Capital Increase, Dividend15 May 2006, Published under Cement NewsSwiss based cement maker Holcim Lt Friday said its shareholders approved the planned capital increase and the payment of the dividend of CHF1.65 per registered share. Representing some 42.2% of the company’s share capital, the 1,370 shareholders attending the 94th ordinary annual general meeting approved by a large majority all the motions proposed by the board of directors. The key items on the agenda were the approval of a capital increase from CHF459,851,036 to CHF505,801,130 th... |
Cementir Q1 profits more than double, Italy15 May 2006, Published under Cement NewsCementir, the Italian cement and concrete group, saw its pre-tax profits soar by 123 per cent, to EUR15m, during the opening quarter of 2006. Turnover rose by 26.8 per cent to EUR217m, and the gross operating margin was up by 44 per cent to EUR36m. A statement from the group claimed that the positive results were due to a better price/volume mix and favourable weather conditions. The EUR9.5m acquisition of 4K-Beton, coupled with the EUR6.6m purchase of minority stakes in Egyptian subsi... |
Lafarge completes North American transaction15 May 2006, Published under Cement NewsLafarge has announced that it has successfully completed its cash tender offer for the 46.8% minority stake in Lafarge North America that it not previously owned. Lafarge now holds approximately 92.37 per cent of the shares of Lafarge North America. |
Buzzi Unicem Q1 net swings into profit on higher sales, Italy12 May 2006, Published under Cement NewsItaly’s Buzzi Unicem SpA said it posted a EUR29.1m net profit in the first quarter compared with a EUR17.8m loss a year earlier, thanks to stronger sales. Sales rose to EUR637.0m from EUR541.3m mainly thanks to the group’s performance in the US, Mexico and Central and Eastern Europe, it said. Cement sales rose to 6.3Mt from 6.1Mt, while ready-mixed concrete sales increased to 3.3Mm3 from 3.1Mm3, it said. Gross operating profits rose to EUR119.7m from EUR86.9m and operating profits... |
Holcim to issue shares at CHF83 each in capital hike, Switzerland12 May 2006, Published under Cement NewsHolcim Ltd announced Friday the final conditions of a previously-announced capital hike, confirming the issue price of CHF83 per share but slightly increasing the number of shares to be issued. The gross proceeds from the transactions will be around CHF1.75bn, the company said. Subject to the approval of Friday’s annual general meeting, the share capital of Holcim Ltd will be increased from CHF459,851,036 to CHF505,801,130 through the issue of 21,075,047 fully paid-in registered shar... |
Cementir revenue up 26.8 per cent, Italy12 May 2006, Published under Cement NewsItalian cement group Cementir, a unit of local construction company Caltagirone, registered a revenue of EUR217.2m (US$275.9m) in the first three months of 2006, up 26.8 per cent YoY, the company said in a statement. Pre-tax profit marked an increase of 123.8 pct to EUR15m. EBITDA stood at EUR36m, up 44 per cent. Operating profit amounted to EUR19.9m, a rise of 98 per cent. Operating profit to turnover ratio increased by 3.3 per cent. |
FCC’s Q1 net profit rises 41 per cent, Spain12 May 2006, Published under Cement NewsSpanish building and services group Fomento de Construcciones y Contratas (FCC) posted a 40.7 per cent rise in first-quarter net profit to EUR113.8m. FCC said EBITDA rose 26.3 per cent to EUR248.2m on net turnover up 19.2 per cent at EUR1.82bn. Spain’s third-biggest construction and services group makes just under half its revenue from construction and some 14 per cent from its US-based cement unit. Last month FCC won a contract to build an extension to the Madrid metro system to rea... |
Suez net profit surges, Egypt12 May 2006, Published under Cement NewsEgypt’s Suez Cement Co (SCC), 51 per cent held by Ciments Francais, registered a surge in consolidated net profit to E£222.7m (US$38.6m) in the first quarter of 2006, compared to E£105.7m (US$18.3m) in the year-ago period, Cairo and Alexandria Stock Exchanges (CASE) said. SCC posted a consolidated net profit of E£776.9m (US$134.7m) in 2005, up from E£335.1m (US$58.1m), according to CASE. SCC registered a consolidated net financial debt of some EUR194m (US$249.5m) at the end of 2005. Ne... |