Cement News tagged under: corporate
Dalmia Cements Q1 net up 63 per cent01 August 2007, Published under Cement NewsDalmia Cement (Bharat) today reported a 63 per cent increase in net profit at Rs 81.84 crore for the quarter ended June 30, against Rs 50.28 crore in the corresponding period last fiscal. Total sales during the said quarter stood at Rs 348.16 crore, up 68 per cent from Rs 207.74 crore registered in the same quarter last year. Dalmia Cement’s earnings per share stood at Rs 10.43 for the quarter under review as against Rs 6.57 over the corresponding quarter, registering a growth of 59... |
Hanson shareholders approve HeidelbergCement’s recommended cash offer01 August 2007, Published under Cement NewsAt shareholders meetings held yesterday, the shareholders of London-based Hanson PLC approved the recommended cash offer by HeidelbergCement, such offer to be effected by means of a scheme of arrangement. Provided that the anti-trust authority of the USA and the EU Commission approve the takeover, the scheme of arrangement will be effected by the end of August 2007. With over 99% of the votes cast in favour, the Hanson shareholders approved the scheme of arrangement and the recommended cash... |
Lucky Cement earnings may increase up to six per cent31 July 2007, Published under Cement NewsThe earnings of Lucky Cement Limited are expected to increase by three to six per cent to Rs 1, 997m to Rs 2,052m for the fiscal year ended on June 30, analysts said. "The company is scheduled to announce its full year results on Tuesday and we expect the company to announce a profit after tax of Rs 2,052 m (EPS Rs 7.80) for the 2007 financial year, six per cent higher over the profit of Rs 1,936 (EPS Rs 7.35) in 2006 financial year, Muhammad Rehan Khan, an analyst at First Capital E... |
Italcementi H1 EBITDA may rise less than sales due to higher costs31 July 2007, Published under Cement NewsItalcementi SpA’s second-half results, due to be released Friday, may show EBITDA rising less than sales compared to a year earlier, due to higher energy and production costs, thus leading to a further decline in margins, analysts said. They also said that sales are expected to grow less than in the first three months of the year, due to less favourable weather conditions. The fifth largest cement maker is expected to post sales of EUR3.072-3.165bn in the second half, up at least 5... |
Lafarge profit seen higher in first half31 July 2007, Published under Cement NewsLafarge is set to report higher first-half profit on Thursday, boosted by price increases, cost controls and buoyant construction activity in emerging countries. Lafarge will post a current operating profit of EUR1.35bn (US$1.9bn), the average forecast in a Reuters poll of 10 analysts showed on Monday. This would be up 18.9 per cent on EUR 1.13bn made in the first six months of 2006 by the French group. The 2006 figure was adjusted to take into account the divestment of its roof... |
Egypt’s South Valley reports H1 net up 168 per cent31 July 2007, Published under Cement NewsEgypt’s South Valley Cement increased net profit by 168 per cent in the first half of 2007 YoY, the stock exchange said on Monday. Net profit rose to E£217.8m (US$38.5m) in January-June from E£81.3m in the first half of 2006, it said in a statement. |
Concerns about Florida?31 July 2007, Published under Cement NewsJP Morgan’s Building Material analysts have been reviewing Vulcan’s Q2 results noting that there were no real surprises as the company had pre-released on 18 July. Of interest were the disappointing April-June quarter figures for Florida Rock. Vulcan had announced a recommended offer for Florida Rock in February of this year. Florida Rock also reported results yesterday (30 July). Its operating profit for the April-June 2007 quarter was 40% lower than in the same quarter a year ago on sales ... |
HeidelbergCement CEO sees Maxit sale soon30 July 2007, Published under Cement NewsHeidelbergCement’s chief executive expects to soon sell its clay and mortar unit Maxit, which generated just over EUR1.2bn (US$1.64bn) in revenue and an operating profit of EUR125m last year. "We anticipate that we will seal a deal in the foreseeable future. This could already be the case in September," Bernd Scheifele told the Stuttgarter Zeitung in an interview published on Saturday. The world’s fourth largest cement maker aims to use proceeds from the disposal to help finance it... |
Cementos Portland profit up30 July 2007, Published under Cement NewsIn the six months to June 30, Spanish cement manufacturer Cementos Portland recorded an attributable profit of EUR107.3m, a YoY increase of 11.5 per cent. Sales in the Spanish market accounted for 76 per cent of Cementos Portland’s total turnover. Cementos Portland is a subsidiary of FCC (Fomento de Construcciones y Contratas), the Spanish construction and services group. |
India’s Grasim Q1 net up 64 pct, beats forecast30 July 2007, Published under Cement NewsIndia’s Grasim Industries Ltd. on Saturday reported a 64 per cent rise in standalone quarterly net profit, beating forecasts, and said it expected the growth to continue on higher productivity and cost control measures. Grasim, which along with its units UltraTech Cement Ltd and Shree Digvijay Cement is India’s largest cement producer, said it would spend INR74.25bn (US$1.83bn) over the next three years to boost its cement making capacity to 48Mt, from 31Mt currently. Indian cement compani... |