Cement News tagged under: corporate
Shuangma lowers profit forecasts, China18 July 2011, Published under Cement NewsSichuan Shuangma Cement filed that it forecasts a year-on-year increase in first-half net profit of 100-153 per cent to CNY75-95m, reports China Business News. The company previously predicted a net profit of CNY110m in the first six months of 2011. Its net profit fell 86.31 per cent to CNY13.35m in the first quarter of 2011, however. Sichuan Shuangma Cement attributed the net profit drop to a labor shortage, natural disasters and the tighter monetary policy. |
Arabian Cement half-year net profits rise 40%, Saudi Arabia18 July 2011, Published under Cement NewsArabian Cement Company said net profits for the second quarter and half-year rose 37.5% and almost 40%, respectively, as increased production helped it capitalise on the demand for the material despite losses for a subsidiary. The company said post-tax profits reached SAR111.7m ($30m) over the last three months, far ahead of the SAR81.2m 9 ($21.6m)posted in last year’s second quarter, though this is down slightly against this year’s first quarter. Gross profit rose 46% to SAR139.3m ($37.1m... |
HeidelbergCement units listed as level-two securities, Ukraine18 July 2011, Published under Cement NewsThe Perspektyva stock exchange (Dnipropetrovsk) has listed shares of the Heidelbergcement Ukraine as level-two securities. A total of 9.685 billion of the company’s ordinary registered shares worth UAH 96.854m were included in the listing on July 18. |
Anhui Conch forecasts 200% first-half rise, China15 July 2011, Published under Cement NewsAnhui Conch Cement Co Ltd said it expects a 200 per cent rise year on year in unaudited net profit attributable to equity shareholders for the first half of 2011, on a significant rise in selling prices of its products. The company said the estimate was prepared in accordance with Chinese accounting standards. |
Yamamah Saudi Cement net profit rises 15%14 July 2011, Published under Cement NewsYamamah Saudi Cement Company said net profits rose 15% for the second quarter and 12% for the half-year against the same periods last year. Saudi Arabia’s third largest supplier, which focuses on the Riyadh province, said after-tax gains reached $58.66 (SAR 220m) for the last three months, against US$51.19 (SAR 192m) last year and US$47.99 (SAR 180m) in the first quarter of 2011. Gross profits rose 17% to $62.12 (SAR 233m) and operating profits rose 16% to US$58.12m (SAR 218m) against last ... |
Vulcan Declares Quarterly Dividend on Common Share, USA13 July 2011, Published under Cement NewsVulcan Materials Company announced that its Board of Directors declared a quarterly dividend of 25 cents per share on its common stock payable September 9, to shareholders of record August 26. |
TXI declares quarterly dividend, USA13 July 2011, Published under Cement NewsThe Board of Directors of Texas Industries, Inc today declared a cash dividend of US$.075 per common share payable August 31, 2011 to shareholders of record August 5, 2011. TXI is the largest producer of cement in Texas and a major cement producer in California. TXI is also a major supplier of construction aggregate, ready-mix concrete and concrete products. |
HeidelbergCement Ukraine adds board member12 July 2011, Published under Cement NewsThe supervisory board of the HeidelbergCement Ukraine company has enlarged the board by one member to total seven in the July 8 meeting, the company said in a press release. The meeting elected David Andreas Johannes von Lingen, former senior corporate finance manager for Central Europe and Central Asia of the Heidelbergcement AG company (Germany). |
TCC International sees marked improvement in 1H profit12 July 2011, Published under Cement NewsCement maker TCC International Holdings Ltd said on Monday its first-half net profit may rise by about sevenfold year on year, fuelled by an acquisition and higher selling prices for its products. Its clinker and cement production capacity expanded significantly due to the completion of the acquisition of Upper Value Investments Ltd in April 2010, the company said in a statement. China’s cement prices have risen on surging demand due to the country’s strong economic growth and infrastructu... |
Cemex cut to underperform by Credit Suisse12 July 2011, Published under Cement NewsCredit Suisse cut its rating on shares of Cemex to underperform from outperform Monday, pointing to a gloomy outlook for jobs, housing and public works in the U.S. The investment bank also sliced its target price for Cemex American Depositary receipts to US$6.50 from US$12. Cemex ADRs recently traded down 4.6% to $7.98 in New York. The analysts said they anticipate that the US federal government will spend 20% less than expected on public works in 2012 and in subsequent years, adding tha... |