Cement News tagged under: Corporate
Cementos Argos 1Q net profit up, Colombia27 April 2006, Published under Cement NewsColombian cement and cement products maker Compania de Cementos Argos posted a net profit of COP19.552bn (US$8.2m) for the first quarter of 2006. The company decided not to compare the profit figure with the one, registered for the same period of 2005, because in that period it had not yet merged its operations with Grupo Antioqueno. Cementos Argos said that its non-consolidated operating revenue totalled COP244bn (US$102.7m). The company sold 960,000t of grey cement, up four per ce... |
Lafarge’s North America narrows operating loss27 April 2006, Published under Cement NewsLafarge North America, which parent company Lafarge SA plans to fully acquire in the coming weeks, said late yesterday its operating loss narrowed to US$55.8m in the first quarter, from the US$78.6m loss seen in the same period last year. Sales rose to US$781.3m from US$577m, and the net loss improved to US$65.6m against a loss of US$188.5m the year before. ’We are off to a very good start, benefiting from favourable weather and excellent pricing across all our product lines,’ said th... |
Siam Cement 1Q net down26 April 2006, Published under Cement NewsSiam Cement PCL said Wednesday its net profit in the first quarter dropped slightly on year, as lower taxes were offset by weak operating results. In the January-March quarter, the company recorded a net profit of THB9.55 billion, or THB7.95 a share, compared with THB10.00 billion, or THB8.33 a share. The earnings were however reportedly higher than analysts’ expectations. |
Prism Cement net surges26 April 2006, Published under Cement NewsPrism Cement reported a 114 per cent increase in net profits to Rs 24.39 crore for the quarter ended March 2006 compared with Rs 11.35 crore recorded in the corresponding period last year, reports Business Standard. The company’s net sales was up 63 per cent to Rs 167.1 crore as against Rs 102.5 crore in the year-ago period. The Hyderbad-based company`s gross profit rose 94 per cent to Rs 45.2 crore from Rs 23.2 crore last year. The company`s total income was up by almost 63 per cent at Rs... |
Florida Rock record second quarter results26 April 2006, Published under Cement NewsFlorida Rock Industries, Inc today announced record net income of US$57,810,000 or US$0.86 per diluted share for the second quarter of fiscal year 2006 versus US$35,140,000 or US$0.53 per diluted share for the same quarter of fiscal year 2005. This year’s second quarter included US$314,000 of after-tax gain on real estate versus after-tax gain from real estate of US$2,694,000 in the second quarter of 2005. Consolidated total sales for the quarter increased 39.7 per cent to US$364,087,000... |
Share sale news in brief, Italy26 April 2006, Published under Cement NewsLehman Brothers has cut its stake in Italian cement group Italcementi to the threshold of 2.0 per cent, Italian news sources reported on April 24, 2006. The operation took place on April 13, 2006. Lehman Brothers had been holding a 2.056 per cent stake in Italcementi since November 25, 2005, reports also said. |
EBRD to take decision Garadag decision, Azerbaijan26 April 2006, Published under Cement NewsThe EBRD Board of Directors will take decision on purchase of 20 per cent stake in the Garadag Cement JSC. The Agency has been informed at the Bank Office in Baku that 20 per cent stake is evaluated at $10m. EBRD intends to become medium-term stockholder of the JSC - for seven years. Holcim which privatized the Garadag Cement JSC applied to EBRD with offer on joint financing the second stage of reconstruction of the enterprise. Expenses for transition to the new technology will cost US$75m a... |
Taiheiyo increases profit forecast, Japan26 April 2006, Published under Cement NewsTaiheiyo Cement Corp said it has raised its forecast of net profit for the year to last March to Yen 8bn from Yen 5bn. This is because the company expects an increase in extraordinary profit arising from the sale of securities. The cement maker also lifted its forecast of current profit to Yen 49bn from Yen 47bn, and of revenue to Yen 900bn from Yen 880bn. |
Sinoma signs Taiwan Cement contract25 April 2006, Published under Cement NewsChina’s Sinoma International Engineering said it has signed a series of deals to build cement facilities for Taiwan Cement Corp, with a combined contract value of nearly two billion yuan. Sinoma said in a statement that under the agreements, it will build two cement production lines in Yingde, a city in the southern province of Guangdong, for a total of Yuan 908m (approx US$100m). It will also build another two production lines in the southern province of Guangxi for Yuan 1.07bn (approx US$... |
Citigroup To lend Lafarge $30m to rebuild Aceh25 April 2006, Published under Cement NewsCitigroup Inc has lent US$30m to Lafarge to refinance the reconstruction of PT Semen Andalas Indonesia’s cement plant in Aceh that was destroyed by the tsunami in December 2004. The bridging loan to Semen Andalas Indonesia, or SAI - a part of France-based Lafarge - will be used to start the initial reconstruction process of the company’s plant prior to shareholders’ capital injection and before long-term financing from other financiers can be disbursed, Citigroup and Lafarge said in a joint... |