Cement News tagged under: corporate
Dyckerhoff 1H 2008 Net Profit €142m versus €96m11 August 2008, Published under Cement NewsGerman cement maker Dyckerhoff AG reported a 48 per cent increase in net profit for the first half of 2008, or €142m, compared to the same period a year ago. Sales for the first half of 2008 grew 19 per cent to €964m. In Western Europe and in Eastern Europe Dyckerhoff benefited from higher volumes and prices. In the US, the subprime crisis as well as bad weather lead to decreased volumes. Accordingly, the Germany/Western Europe and Eastern Europe divisions contributed to the sales growth, ... |
Saudi Yamama Cement Owns 5% in Hail Cement08 August 2008, Published under Cement NewsSaudi cement producer Yamama Cement Company (YCC) said on August 5, 2008 it owns a five per cent stake in local cement producer Hail Cement, which is currently under establishment. The stake represents SAR60m (US$16m), out of the SAR1.2bn (US$320m) capital of Hail Cement. Yamama has so far paid SAR15m (US$4m) for its stake. |
Siam City Cement 2Q net drops08 August 2008, Published under Cement NewsSiam City Cement, Thailand’s second largest cement producer by sales, Thursday reported a 19% drop in second quarter earnings on lower sales. Net profit for the April-June quarter fell to THB768m from THB947.1m in the same quarter of last year, according to the company’s unaudited financial statements. Sales revenue in the quarter dropped to THB5.27bn from THB5.74bn a year earlier. |
Semen Gresik seeks IDR5 trillion loan07 August 2008, Published under Cement NewsPT Semen Gresik Tbk seeks IDR5 trillion loan to fund the acquisition of cement company, transportation and cement paper pack company so as to support the company core business. President Director of Semen Gresik Dwi Sutjipto said the company is studying the would-be acquired companies. "We plan to expand business through company acquisition supporting the company core business. We predict to find IDR5 trillion fund for the expansion. The fund here is excluding the fund for cement and pow... |
Vassiliko Cement profits decline in first half07 August 2008, Published under Cement NewsCyprus’ Vassiliko Cement Works Public Co Ltd (VCW) reported a decline in profitability during the first half of 2008 compared to a year ago with net profit declining 14.7 per cent to EUR7.37m from EUR 8.64m a year ago in the first half. This is the first time VCW includes the operating results of the acquired assets of Cyprus Cement Company (CCC) in its financial statements. To this respect, 1H08 results are not comparable with VCW’s corresponding 1H07 as prior year results include only ... |
Vulcan announces second quarter results06 August 2008, Published under Cement NewsVulcan Materials Company today announced second quarter net sales of $966m, as compared to $808m in the second quarter of 2007. EBITDA were $339m in the second quarter of 2008, as compared to $281m in the prior year. Operating earnings were $238m in the second quarter of 2008 versus $217m in the prior year. Net earnings per diluted share were $1.27 in the second quarter of 2008 compared to $1.45 per diluted share for the second quarter of 2007. The current year’s second quarter results inclu... |
Saudi Qassim Cement net profit up to US$83.2m05 August 2008, Published under Cement NewsSaudi cement producer Qassim Cement Co (QCC) saw its net profit go up 31 per cent YoY to SAR312.2m (US$83.2m) in the first half of 2008, it was reported on August 4. The increase was mainly due to a strong growth in sales to SAR475m (US$126.6m) from SAR353.6m (US$94.3m), helped by a rise in cement prices. In the first half of 2008, the average cement price per tonne stood at SAR263 (US$70.13), up from SAR232 ($61.86) a year earlier. Earnings per share (EPS) rose to SAR6.94 ($0.84) from S... |
Eagle’s first quarter profits contract by 80%31 July 2008, Published under Cement NewsEagle Materials saw its turnover fall by 20.1% to US$171.8m in its first quarter to the end of June, while the pre-tax profit dropped by 80.4% to US$10.9m, as the fall in housebuilding activity made its presence increasingly felt. Because of the losses incurred in the plasterboard operations, the trading profit from the cement operations accounted for 98.5% of the group total. Turnover from cement declined by 11.2% to US$86.32m, of which the wholly-owned operations experienced a 20.6% de... |
UAE Gulf Cement 1H08 net profit down31 July 2008, Published under Cement NewsUAE cement maker Gulf Cement registered a decline in its net profit to AED200.1m (US$54.5m) in the first half of 2008 from AED253.9m (US$69.1m) a year ago, it was reported on July 30. The lower bottom line figures were mainly attributed to a sharp decrease in investment income to AED53.7m (US$14.6m) in the first six months of 2008 from AED140.6m (US$38.3m) in the year ago period. In the second quarter of 2008, the company reported a net profit of AED89.5m (US$24.4m), down from AED110.6m... |
Jordan Valley AR reorganises as Xenemetrix, US30 July 2008, Published under Cement NewsOn the 15th of June 2008, Jordan Valley Semiconductors Ltd, divested their Analytical Division which was then purchased by Xenemetrix Ltd, formed by a private management group under the direction of CEO, Doron Reinis, a founding partner of Business Processes Limited, . Isaac Mazor CEO of Jordan Valley Semiconductors has announced, “As Jordan Valley Semiconductors Ltd focuses on the semiconductor markets, one of our main priorities was the continued care of the customers of our Analytical ... |