Cement News tagged under: corporate
Siam City Cement (SCCC): In-line results23 February 2009, Published under Cement NewsSiam City Cement (SCCC) reported a 4Q08 net profit of Bt675m, up 63.6% YoY but down 5.5% QoQ, in-line with the market’s expectation. The company reported extra items of Bt35mn, including FX gains of Bt11mn, gains from the reversal of asset impairment of Bt41m, and loss on sale of assets of Bt87m. Stripping out these extra items, its normalised profit was Bt711m, up 72.2% YoY but down 8.1% QoQ. The YoY improvement was mainly from the absence of compensation for employees during a plant shutd... |
Egypt Cement officials probed for rule violations23 February 2009, Published under Cement NewsTwo executives from Alexandria Beni Suef Cement and Ameriyah Cement have been referred to the Egyptian public prosecutor for violating pricing regulations. They didn’t comply with rules requiring cement company employees to detail sales transactions and inventory, the Cairo- based Trade & Industry Ministry said in an e-mailed statement today. The ministry said it also seized 620 tons of cement from traders who defied rules. Egypt approved jail terms for cement price gouging on Feb. 17 afte... |
Siam City Cement plans up to 10 bln baht bonds20 February 2009, Published under Cement NewsThailand’s Siam City Cement SCCC.BK said it planned to sell bonds worth up to THB10bn (US$282m) with maturities of up to 10 years. The bonds would be issued in one or several tranches and the company’s board had approved the issuance plan, the company said in a statement to the stock exchange. It gave no other details. |
Holcim – syndicated loan facility received strong response19 February 2009, Published under Cement NewsHolcim has entered into a syndicated loan facility agreement of CHF400m with a group of Swiss banks lead arranged by Zürcher Kantonalbank.The facility with a tenor of three years and one two-year extension option was very well received by the banks: The transaction was upsized from CHF 300m to CHF 400m. The proceeds will be used to refinance existing debt and to optimize the capital structure. The Holcim Group has refinanced more than CHF 1.5bn in local bank and capital markets since Octobe... |
Lucky cement posts Rs1.9bn profit18 February 2009, Published under Cement NewsLucky Cement has posted a half yearly profit after tax of Rs 1.938 billion for the period ending December 2008, but declared no dividend. According to financial results here Monday, the earning per share (EPS) of the largest cement producer stood at Rs 5.99 as the profit before tax surged to Rs 2.21 billion for the period under review over corresponding period last year. Lucky Cement has sold cement worth Rs 5.269 billion in the local market while its exports stood at Rs 7.137 billion dur... |
Juan Minetti hits a one-month low17 February 2009, Published under Cement NewsJuan Minetti traded at its 32-day low of 89 centavos (US$23.78). The share price plummeted nine centavos (or 9.2 per cent) to 89 centavos. Compared with the Merval index which fell 8.5 points (or 0.8 per cent) on the day, this represented a relative price change of -8.4 per cent. |
Corporacion Moctezuma rises 7.7 per cent on high volatility and expanding price range17 February 2009, Published under Cement NewsCorporacion Moctezuma, Mexico’s largest Construction company by market capitalisation, traded between an intraday low of MXN19.50 (US$1.37) and a high of MXN21 (US$1.48). The price range has expanded in the last two days (from 50.0 centavos two days ago to MXN1.50 today) which, accompanied by a price rise, is a bullish signal. The share price jumped MXN1.50 (or 7.7 per cent) to MXN21. Compared with the Prices & Quotations Index which rose 152.8 points (or 0.8 per cent) on the day, this repre... |
Holcim falling in weak trading with rising open interest, weekly and monthly trend also weak17 February 2009, Published under Cement NewsHolcim fell CHF1.77 (or 3.5 per cent) to CHF48.28 (US$36.03). Compared with the Swiss Market index SMI® Price index which fell 49.2 points (or 1 per cent) on the day, this represented a relative price change of -2.6 per cent. Same day trend: Open Interest rose for a fifth consecutive day. Open Interest rose 0.8 per cent from 119,753 to 120,760. Combined with the price falling 3.5 per cent this suggests the market is weak. Trailing one week trend: Open Interest advanced for a sixth straig... |
Lafarge Jordan Cement boosts 2008 sales to US$452.7m16 February 2009, Published under Cement NewsJordanian cement producer Lafarge Jordan Cement, previously known as Jordan Cement Factories Co (JCFC), registered a 4.24 per cent YoY sales increase to JOD321m (USD 452.7m/€355.1m) in 2008, despite the four per cent decline in local cement demand, Al-Rai daily reported today. The net profit stood at JOD49.3m in 2008, an unnamed company source said without giving comparative figures. The profit before tax and provisions fell nine per cent YoY. Earlier in February, the company announced tha... |
Cementir Holding rises 2.1 per cent on high volatility13 February 2009, Published under Cement NewsCementir Holding, Italy’s seventh largest Construction company by market capitalisation, traded between an intraday low of €2.16 and a high of €2.22. Today its volatility (highest price minus lowest price/lowest price) of three per cent was 0.9 times the average daily volatility of 3.4 per cent, up from 2.8 per cent on Wednesday and 2.4 per cent on Tuesday. The share price increased 4.50 Eurocents (or 2.1 per cent) to €2.20, ending a two-day streak of losses. Compared with the MIBTEL index w... |