Cement News tagged under: Corporate
Fujian Cement 1H report28 July 2004, Published under Cement NewsShanghai-listed Fujian Cement Stock Co has reported earnings per share of 0.17 yuan for the first half of 2004 ended June 30, up from the 0.03 yuan for the same period of 2003. The company’s net profits before deduction of non- current gains and losses in the first half of 2004 reached 46.959 million yuan, as compared with 7.4815 million yuan for the same period of 2003. Its main operating turnover in the first half of 2004 stood at 463.5294 million yuan, up from 393.1 million yuan in the sam... |
Suez Cement impressive results28 July 2004, Published under Cement NewsSuez Cement released 1Q FY04 stand-alone results ending March, in which the company recorded an impressive net profit balance pertaining to LE69.7 million versus a LE6.1 million net loss achieved in the comparable period last year. Revenues surged 75.5% y-o-y to reach LE210.8 million compared to LE119.1 million in 1Q FY03. |
Siam Cement 2Q Net Profit28 July 2004, Published under Cement NewsSiam Cement PCL said its net profit in the second quarter hit a record high, thanks to hefty gains from its affiliates. In the April-June quarter, Siam Cement recorded a net profit of THB7.74 billion, more than double from THB3.58 billion a year earlier and up from THB7.36 billion in the previous quarter, the company said in a filing to the Stock Exchange of Thailand. The earnings were well above the THB6.50 billion consensus forecast of analysts polled by Dow Jones Newswires. Analysts sai... |
Buzzi Unicem Capital hike28 July 2004, Published under Cement NewsThe capital increase of Italian cement and concrete company Buzzi Unicem ended with 99.34 per cent subscription. The funds raised from the capital increase total Euro204.5m. The capital hike procedure was performed between July 5 and 23, 2004. A total 24,054,278 new shares were issued. The key shareholder in Buzzi Unicem, Fimedi S.p.A., subscribed its 59.4 per cent share. Outstanding option rights make up 0.66 per cent of the offer. The outstanding rights will be placed on the Italian Stock ... |
India Cements posts loss28 July 2004, Published under Cement NewsINDIA Cements Ltd has reported a loss of Rs18.10 crore on sales of Rs 312.14 crore for the first quarter of 2004-05 against a loss of Rs 24.92 crore on sales of Rs 305.58 crore for the same period last year. For the quarter ended June 30, 2003, the company had an extraordinary income of Rs 8.25 crore representing reduction in interest charges under the debt-restructuring package relating to January-March 2003. A company press release said the company sold 11.93 lakh tonnes of cement in ... |
Saudi Qassim Cement28 July 2004, Published under Cement NewsSaudi cement producer Qassim Cement Company (QCC) posted a net profit of 125.8 mln Saudi riyals (US$33.5m) for the first half of 2004, up by 1.5 per cent year-on-year. QCC’s gross profit stood at 126.6 mln riyals (US$33.8m), up 34 per cent, while operating expenses rose 2.5 per cent to 5.5 mln riyals (US$1.5m). The company’s total assets stood at 1.062 bln riyals (US$283m), up 7.1 per cent, while shareholders’ equity increased 5.4 per cent to 985.3 mln riyals (US$262.7m). |
Saudi Cement Co Q1 200428 July 2004, Published under Cement NewsThe cement output of Saudi cement producer Saudi Cement Company (SCC) rose to 1.293Mt for the first three months of 2004 from 1.088Mt in the corresponding period of 2003. Local cement sales stood at 916,000t, compared to 830,000t. Cement exports decreased to 240,000t from 353,000t and clinker exports registered a significant drop to 37,000t from 149,000t. The total output of Saudi Arabia’s eight cement companies rose to 6.1Mt from 5.6Mt. |
GCC net profit up27 July 2004, Published under Cement NewsMexican cement maker Grupo Cementos de Chihuahua reported 175m pesos (US$15m) in net profit second quarter 2004, up 3% year-on-year as sales grew and financing costs and income tax fell, the company said. Net sales totaled 1.03bn pesos second quarter this year, up 9.7% from same-period year ago as Mexican and US sales grew 4.5% and 15.5% respectively to roughly 515mn pesos each. Ebitda fell 2.9% to 324mn pesos and operating income dropped 1.2% to 237mn pesos largely due to increases in var... |
Suez Cement Q1 200426 July 2004, Published under Cement NewsEgyptian cement maker Suez Cement reported a non-consolidated net profit of 69.69 mln Egyptian pounds (US$11.2m) for the first quarter of 2004, compared to a net loss of 6.06 mln pounds (US$976,000) in the same period of 2003. The positive results came on the back of a 75.5 per cent year-on-year upswing in operating revenue to 210.79 mln pounds (US$33.9m), coupled with a 13.2 per cent rise in the cost of goods sold to 119.06 mln pounds (US$19.2m). The company’s gross profit soared to 91.73 ... |
Healthy Q2 earnings likely for SCC26 July 2004, Published under Cement NewsSiam Cement Plc is set to report healthy second-quarter earnings thanks to the higher petrochemical prices and rising demand for its cement and building materials business. “We expect earnings growth to be mainly driven by a) a stronger operation of the petrochemical business from higher prices of by-products, and b) interest savings from lower financing costs,” Jiraporn Bumrungchatudom, analyst at Phatra Securities, said. She has the highest earnings forecast of 7.085 billion baht for the s... |