Cement News tagged under: Corporate
Sean Quinn almost doubles turnover04 November 2005, Published under Cement NewsGross sales at Sean Quinn’s insurance, cement, hotels and glass empire nearly doubled last year to €1bn, according to accounts just filed. Turnover from existing operations came in at €660m. The Irish-based group enjoyed an additional €212m from acquisitions during the year, mainly the Barlo Group, which Sean Quinn bought in the middle of last year. Pre-tax profits came in at a massive €221m, up from €163m the previous year. The company is on record that it expects to make profits of €27... |
WAPCO highlights04 November 2005, Published under Cement NewsWest African Portland Cement (WAPCO) PLC which recently concluded its new plant at a cost of Euro 200m notes that its profit and turnover climbed 37 per cent, and 13 per cent, respectively, for the nine months ended September 30, 2005. These impressive performances, spokesmen said, were bolstered by in flow of cash from shareholders on the Right Issue launched in May 2005, and which was successfully concluded in September 2005. And part of the proceeds from the Right Issue, was used to p... |
Mexico consumer confidence rises in October04 November 2005, Published under Cement NewsMexico’s consumer confidence index rose to 103.3 in October from 101.3 in September, the government said on Thursday, despite concerns about the impact on economic growth from two devastating hurricanes. Consumer confidence had risen slightly in September after a decline the month earlier. Mexico’s central bank said on Monday that the economy grew at a faster-than-expected clip of about 3.5 per cent in the third quarter, but cut its full-year growth estimate to between 2.75 per cent and 3.25... |
Eagle Materials manages two cement price increases in six months03 November 2005, Published under Cement NewsIn the six months to the end of September, Eagle Materials increased turnover by 36.1% to US$426.9m, helped by Illinois Cement Company now being a subsidiary rather than an associate. The group trading profit increased 43.1% to US$118.7m, boosted by higher prices and volumes across all divisions. In spite of a 79.2% increase in interest payments, principally relating to the purchase of the remaining 50% of Illinois Cement Company, the pre-tax profit still recorded a 42.4% advance to US$115... |
Italcementi Q3 results to rise as overseas ops offset weak Italy03 November 2005, Published under Cement NewsItalcementi SpA is expected Friday to announce higher sales and results, with a strong performance from its overseas operations more than offsetting weak Italy operations, analysts said. Net profit is seen at EUR100-124m, against EUR92.7m reported a year earlier, EBIT EUR244-280m, against EUR221.1m, EBITDA EUR326-365m, from EUR316.2m, and sales EUR1.279-1.325bn, from EUR1.170bn. ’Egypt should be a strong driver in the second half and in 2006, due to strong growth and the effect of ... |
Eagle Materials Inc reports record second quarter results, USA02 November 2005, Published under Cement NewsEagle Materials Inc. today reported financial results for the second quarter of fiscal 2006 ended September 30, 2005 and raised its annual earnings guidance. For the quarter ended September 30, 2005, revenues and net earnings were $222 million and $43 million, respectively. Revenues increased 36% over the prior year second quarter and net earnings increased 44% over the same period last year. Diluted earnings per share for the second quarter of fiscal 2006 were $2.41 compared with $1.6... |
Semen Cibinong’s losses widen on currency woes, Indonesia02 November 2005, Published under Cement NewsPublicly listed PT Semen Cibinong, the country’s third largest cement producer, posted a loss in the first nine months of this year due to the sharp depreciation of the rupiah against the U.S. dollar over the past three months. In its statement to the Jakarta Stock Exchange on Tuesday, the firm said it recorded a net loss of Rp 435.5 billion (US$43.5 million) between January and September, widening by 14.8 percent from Rp 379.2 billion in losses over the same period last year. Ac... |
St Lawrence profits from housing boom02 November 2005, Published under Cement NewsA strong housing and construction sector helped boost St Lawrence Cement Group Inc’s profit and revenue in the third quarter. The cement producer reported yesterday it earned $42.5m or $1.02 a share for the three months ended September 30. That compared with a profit of $39.2m or 94 cents for the same period last year. Sales rose 4.8 per cent to $449.3m from $428.6m last year. The company said its higher sales reflect a strong construction services market, growth in cement sales and a pr... |
French Vicat Jan-Sept 2005 turnover01 November 2005, Published under Cement NewsFrench building materials group Vicat SA posted a Euro 1.35bn turnover for the first nine months of 2005, up 10 per cent year-on-year. The group reported sales of Euro 482.5m for the third quarter of 2005, 12 per cent higher than for the same period in 2004. Vicat’s main business covers manufacture of cement, of ready-mixed concrete and aggregates. |
OCL India: net profit climbs01 November 2005, Published under Cement NewsIn the first half of 2005-06, OCL net profit stood at Rs 22.19 lakh as against Rs 15.68 lakh while the turnover stood at Rs 320.26 crore as against Rs 265.59 crore during the same period last year, up 20.58 per cent. OCL recorded an increase of 15 per cent in cement sales for the half year period. It sold off 6.84Mt of cement as against 5.94Mt sold off during last year. |