Cement News tagged under: corporate
Dalmia Cement Board to consider Final Dividend for 2009-10??18 May 2010, Published under Cement NewsDalmia Cement (Bharat) Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 26, 2010, inter alia, to consider and approve the Audited Financial Results for the year ended March 31, 2010 and recommend the final Dividend, if any, for the financial year 2009-10. The Board will also fix the dates of book closure for the purposes of payment of final Dividend, etc. |
Attock completes due diligence for Al-Abbas acquisition17 May 2010, Published under Cement NewsPakistan cement producer Attock Cement has completed due diligence process for acquiring fellow domestic manufacture Al-Abbas Cement and it will take 30-60 days to complete the acquisition process if its offer gets accepted, an Attock Cement official said on Thursday. “We will bid for the target company before May 25,” said Irfan Amanullah, General Manager, Attock Cement. If the deal materialises, Attock Cement’s production would rise to 2.7Mta from the existing 1.8Mt... |
Egypt’s Misr Beni Suef Q1 net profit falls to US$19m17 May 2010, Published under Cement NewsEgypt’s Misr Beni Suef Cement posted a 1.2 per cent fall in net profit to E£106.1m (US$19m) for the first quarter of 2010, the stock exchange said on Sunday. The company, which gave no further details on its results, had made a net profit of E£107.4m in the same period a year earlier. |
Cimpor expects to raise EUR58m through sale of subsidiaries14 May 2010, Published under Cement NewsCimpor is expected to raise EUR58m through the sale of its shareholdings in Portuguese Cimento E Produtos Associados, S.A (C+PA) and Cementos del Marquesado. The company currently owns a 48% stake in C+PA and a 27% holding in Cementos del Marquesado (Spain) for which it hopes to raise €47.2m and €11.05m, respectively. |
Benue Cement shareholders okay dividend, Nigeria13 May 2010, Published under Cement NewsShareholders of Benue Cement Company (BCC) Plc, yesterday, unanimously endorsed the NGN3.9bn dividends declared by its Board of Directors for the financial year ended December 31, 2009. The shareholders at the 30th Annual General Meeting (AGM) in Kano commended the Board and management for the impressive results which was attributed to the turnaround carried out by the new management of the company. The company which had not declared dividend for some years back paid a total dividend of NG... |
Akmene Cement’s FY net profit slumps13 May 2010, Published under Cement NewsAkmenes Cementas (Akmene Cement), Lithuania’s only cement manufacturer, said that its net profit plunged to LTL5.368m (EUR1.56m) last year, down from LTL48.754m in 2008. Annual revenues more than halved to LTL125.2m as cement sales almost halved to 572,400t, the company’s spokesman, Richardas Sudaris, told BNS. Sudaris said that the final results for the first quarter were not yet available but noted that trends were improving. "We have increased exports significantly compared with the st... |
Boral appoints new construction boss13 May 2010, Published under Cement NewsBoral Ltd has appointed Murray Read as executive general manager of its Australian construction materials division. Mr Read has been with Boral for 25 years, previously as the Queensland regional general manager for the construction division. Mr Read replaces John Douglas who spent 15 years with the group, his last six years as executive general manager of the Australian construction materials division. |
Siam City Cement: 1Q earnings expected to fall11 May 2010, Published under Cement NewsSiam City Cement (SCCC) is expected to report rather disappointing 1Q10 earnings of B760m (EPS Bt3.30), up 8% QoQ on seasonal effects, but down 6% YoY on lower cement prices. SCCC sales volume should be up just 2.3%, below market, which was up by 7%, on price competition in 1Q10. In the terms of sales value Bt5,048mn is expected, up 1% QoQ, but down 2% YoY. The gross margin should be down to 43.4% from 47.5% last year on lower cement prices. According to cement dealers, the cement sales p... |
Cemex to cut debt by US$437m with perpetual bond swap11 May 2010, Published under Cement NewsCemex said Monday that its offer to swap perpetual bonds for new notes will result in a reduction of around US$437m in overall debt. Cemex said in a press release that it will issue US$1.07bn in new 10-year senior secured notes, and EUR115.3m in new seven-year senior secured notes to replace the perpetuals that were tendered by Friday’s deadline. Investors tendered US$202.1m, or 58%, of outstanding 6.196% dollar perpetuals; US$381.1m, or 51%, of 6.640% dollar perpetuals; US$451.1m, or just... |
Kuwait Cement returns to profit11 May 2010, Published under Cement NewsKuwait Cement Company said in a bourse filing yesterday it recorded a net profit of KWD4.99m (US$17.3m) for the three months ended March 31, 2010, recovering from a net loss of KWD8.94m a year earlier. The cement producer reported earnings per share of 8.47 fils for the first quarter of 2010 compared to a loss per share of 15.17. Total assets rose to KWD255.9m at end-March 2010 from KWD207.3m a year ago. |