Cement News tagged under: corporate
Kuwait Cement’s 2006 net profit up 6.9 per cent15 February 2007, Published under Cement NewsKuwait Cement Co. posted a 2006 full-year net profit of KWD40.3m (US$139.3m), up 6.9 from the previous year. The company’s board proposed a cash dividend of 60 fils and a bonus share issue of 10 percent, the company said in a statement on the bourse Web site on Wednesday. There are 1,000 fils to a dinar. Earnings per share rose to 94.01 fils from 87.67 fils. Kuwait Cement said the annual earnings include "unrealised profits" of 8.7 million dinars representing an increase in the... |
Kuwait Cement’s 2006 net profit up 6.9 per cent15 February 2007, Published under Cement NewsKuwait Cement Co. posted a 2006 full-year net profit of KWD40.3m (US$139.3m), up 6.9 from the previous year. The company’s board proposed a cash dividend of 60 fils and a bonus share issue of 10 percent, the company said in a statement on the bourse Web site on Wednesday. There are 1,000 fils to a dinar. Earnings per share rose to 94.01 fils from 87.67 fils. Kuwait Cement said the annual earnings include "unrealised profits" of 8.7 million dinars representing an increase in the... |
Lafarge FY 06 Sales EUR16.9bn Vs EUR14.48bn14 February 2007, Published under Cement NewsLafarge said it recorded revenues of EUR16.9bn in 2006 compared to EUR14.48bn in 2005. In a statement, Lafarge said that "in order to reflect the divestment underway of our Roofing business, and in compliance with International Financial Reporting Standards, 2006 full year sales are presented excluding Roofing." In the fourth quarter, Lafarge recorded sales of EUR4.2bn compared with EUR3.81bn a year earlier. The cement division recorded full year sales of EUR8.85bn compared with E... |
Hilal Cement Company retains GulfMerger to advise on strategies for long-term growth13 February 2007, Published under Cement NewsGulfMerger, an independent financial advisory firm in the Middle East, has been retained by Hilal Cement Company as financial advisor to review its strategic growth alternatives. Hilal Cement Company is aiming to transform itself into a leading diversified holding company in Kuwait with equity interests spanning a number of infrastructure-related sectors. Hilal Cement Company is currently engaged in two distinct building materials businesses, namely the import and distribution of cem... |
CHC Jingyang’s Business Income Reaches RMB86.54M In January13 February 2007, Published under Cement NewsChia Hsin Cement Greater China Holding Corporation announced today that its subsidiary Chia Hsin Jingyang Company achieved an unaudited net business income of RMB86.536M in January 2007, up 37.7% over the RMB62.836M in 2006. |
Chinese clear cement plant purchase by CRH12 February 2007, Published under Cement NewsCRH has been cleared by the Chinese government to complete the purchase of a cement plant in Heilongjiang province, in the northeast of that country. Meanwhile, the Dublin-based international building materials group has still to finalise a link-up with listed Chinese cement manufacturer Jilin Yatai Group. It signed a Letter of Intent to acquire a 26pc equity interest with an option to acquire further shares after three years up to a maximum of 49 per cent in the group which is lis... |
Tanga Cement posts 16bn/- profit12 February 2007, Published under Cement NewsTanzania’s Tanga Cement Company (Simba) has posted 15.99bn/- net profit for its operations for the year ended December 2006, up from 7.233bn/- recorded in the preceding year. "The firm’s net profits more than doubled last year, because less was spend on operational costs," said Dave King, Chairman of Tanga Cement Board of Directors. He said the year ended December 2006, was challenging but successful for the company because revenue increased by 10 per cent, while earnings per share rose by... |
Tabuk Cement raises capital to US$240m12 February 2007, Published under Cement NewsOfficials at Saudi Arabian Tabuk Cement Company announced that the company has gained the approval of the country’s Capital Market Authority (CMA) to expand the company’s capital from $186.6m to $240m. Tabuk Cement officials also said that the authority has approved increasing the company’s shares from 70m to 90m through issuing two extra shares for each seven shares, in order to distribute $53.3m of the company’s profits to shareholders. |
Claudius Peters opens new outpost in India09 February 2007, Published under Cement NewsLangley Holdings Claudius Peters division has a recently announced the opening of its new outpost in India. Located in Mumbai, the new office will offer clients Claudius Peters expertise in the field of materials handling and processing systems for the cement, coal, gypsum and other bulk handling applications together with engineering and consulting services. The office will be managed by Martin Bardowicks, an expert who has spent all his working life in materials handling, from heavy crane... |
Strong margin improvement at Martin Marietta09 February 2007, Published under Cement NewsMartin Marietta Materials sold 180.1Mt (198.5Mst) of aggregates in 2006, which was 2.3% less than in the previous year. Turnover rose by 10.6% to US$2,206.4m and the EBITDA advanced by 17.0% to US$542.3m, while the trading profit moving ahead by 25.5% to US$388.0m. Aggregates prices increased by 13.5% over the year. Fourth quarter prices were 14.9% higher across the group, with the Mideast area showing the strongest advance in prices at 17.6%. The group is expecting price inflation t... |