Cement News tagged under: corporate
Vassiliko & Cyprus Cement merger still under scrutiny30 April 2007, Published under Cement NewsThe Commission for the Protection of Competition (CPC) expressed its concern about the preliminary agreement between Vassiliko Cement Works (VCW) and Cyprus Cement Company Pcl (CCC) and will proceed to fully investigate the possibility of market concentration, as the CPC ascertained that any such deal between the two companies would cause a serious anticompetitive behaviour. Vassiliko Cement Works signed an agreement with Cyprus Cement Company Pcl under which the two companies would com... |
Peru’s Cementos Lima 1Q Net PEN41.1m Vs PEN33.7m27 April 2007, Published under Cement NewsCementos Lima SA posted first quarter net income of 41.1 million soles ($12.9 million) compared with PEN33.7 million in the same quarter in the previous year, the company said Thursday. Total revenues rose to PEN189.6 million in the first quarter compared with PEN185.7 million in the same period a year earlier. Cementos Lima is the largest cement producer in Peru. |
Titan Cement Q1 group net seen up 9.8% YOY26 April 2007, Published under Cement NewsTitan Cement 2007 first quarter group net profits are seen up 9.8 per cent YoY to EUR 47.2 m, when it announces its results under IFRS on May 3, on the back of robust sales in Greece and the Balkans, despite weaker US operations. In a consensus poll taken by Thomson Financial News of five leading analysts, first quarter group net profits are seen coming in between a forecast range of EUR45m to EUR48m, from EUR43m for the first quarter of last year. The head of analysis at Euroxx Se... |
Cemex reports loss, meets expectations24 April 2007, Published under Cement NewsCemex posted a 21 per cent fall in first-quarter profit when compared with the year ago period which included a large one-time gain. Net profit for Cemex was US$400m in the January-March period and in line with expectations. That compared to US$505m a year ago when the company received a one-off windfall from an agreement with the United States over the cancellation of cement import tariffs. Cutting out the windfall from the results, Cemex’s first-quarter earnings rose 12 per cent due to st... |
Lucky Cement earns Rs 553.703 million in third quarter24 April 2007, Published under Cement NewsThe Lucky Cement Limited has earned Rs 553.703 million translating an earning per share of Rs 2.10 in the third quarter ended March 31, 2007 as compared to Rs 495.050 profit after-tax and EPS Rs 1.88 in the same period last year. In a notice, sent to the Karachi Stock Exchange (KSE) it was stated that the company’s gross sales stood at Rs 4527.272 million in the period under review against Rs 2741.319 million in the same period last year. The net sales were Rs 3,291.673 million as compared ... |
Weak cement sales seen hitting Siam Cement Q123 April 2007, Published under Cement NewsSiam Cement PCL (SCC), Thailand’s biggest industrial conglomerate, is expected to report a 33 per cent fall in first-quarter net profit on Wednesday as a weak domestic economy hit its construction and cement businesses. Higher petrochemical spreads for the quarter lent support for Siam Cement, which makes almost half its profits from petrochemicals, but the rising cost of naphtha raw material would render full-year earnings nearly flat from last year, analysts said. "First quarter... |
India Ultratech Cement 4Q Net Profit Jumps 75% To INR2.31bn23 April 2007, Published under Cement NewsIndia’s Ultratech Cement Ltd said its fiscal fourth-quarter net profit jumped 75% to INR 2.31bn from INR1.32bn a year earlier, helped by firm prices, growing sales and a higher share of blended cement. Net sales for the fiscal fourth quarter rose 38% to INR14.65 billion from INR10.60 billion. In the January-March period, Ultratech Cement produced 3.81 million metric tons of clinker, up from 3.47 million metric tons a year earlier, and 4.17 million metric tons of cement, compared... |
RAK cement firm’s profit jumps 221% to Dh34.5m in first quarter23 April 2007, Published under Cement NewsThe Ras Al Khaimah Company for White Cement and Construction Materials announced yesterday a Dh34.5 million net profit for the first quarter of the year, a 221 per cent increase over the corresponding period of the previous year. The company suffered a Dh28.4-million loss in the first quarter of 2006 due to losses on its investments when the local financial markets fell sharply. Fahem Abdullah Yousuf, director-general, said the company has surmounted last year’s losses and generated outsta... |
India’s Gujarat Ambuja Cements Q1 net profit up, MD resigns23 April 2007, Published under Cement NewsIndia’s third largest cement maker, Gujarat Ambuja Cements posted a 6.6 pct rise in first quarter net profit and said its managing director has resigned and will be replaced by AL Kapur. The company reported a net profit of 5.907 bln rupees for the quarter to March 31, compared with 4.128 bln the year earlier. It added that managing director Anil Singhvi, who took office on Jan 30, 2006, has resigned and will be replaced by Kapur effective May 1. GAC said first-quarter total income, net o... |
India Cements Jan-Mar results beat forecast20 April 2007, Published under Cement NewsCements Ltd. posted a net profit of 1.4 billion rupees in January-March compared to 270.3 million rupees a year ago, riding on high volumes and cost efficiency, a senior official said on Friday. The total income during the period increased to 5.78 billion rupees against 4.24 billion rupees a year ago. "We’ve had excellent cost control and blending has also increased which also helps reduce costs," Managing Director N. Srinivasan told Reuters from the southern city of Chennai. ... |