Cement News tagged under: corporate
India ACC Oct-Dec net doubles, beats f’cast01 February 2007, Published under Cement NewsACC Ltd, India’s second-biggest cement maker, said on Thursday quarterly profit more than doubled on higher prices and strong demand, beating expectations. ACC, one-third owned by Switzerland-based Holcim , said standalone net profit for the October-December quarter rose to INR3.58bn ($81m) from INR1.73bn a year earlier. |
Birla Corp Q3 net jumps01 February 2007, Published under Cement NewsBirla Corp on Wednesday reported a huge jump in net profit at Rs 95.14 crore for the third quarter (Q3) ended December 31, 2006, compared to a Rs 17.22 crore net in the earlier corresponding period. The higher profitability follows a 39.20 % rise in Birla Corp’s October-December gross sales revenue at Rs 464.40 crore (Rs 333.60 crore). Company chairman R S Lodha attributed the improved performance to increase in the share of blended cement in the overall sales of cement, better realisati... |
Italcementi FY sales seen up 15 per cent on emerging market, mild weather01 February 2007, Published under Cement NewsItalcementi SpA full-year sales, due on Friday, are seen rising by about 15 pct from 2005, underpinned by continued strong growth in emerging markets and by mild weather this winter that favoured construction activity, analysts said. Sales at the cement group should reach EUR5.727-5.775bn, compared with EUR4.999bna year earlier, according to analysts polled by AFX News. Emerging markets will be the main driver for the increase, while growth in its mature markets, Italy and the US –... |
Vulcan announces record quarterly sales and earnings01 February 2007, Published under Cement NewsVulcan Materials Company announced record fourth quarter and full year sales and earnings. Earnings from continuing operations were $115m in the fourth quarter as compared with $92m in the prior year. Net sales increased nine per cent from the prior year’s fourth quarter. Full year net sales increased 16 per cent to $3bn. Earnings from continuing operations were $477m, a 45 per cent increase per diluted share from the prior year. Don James, Vulcan’s Chairman and Chief Executive Officer... |
Eagle Materials Inc 3Q results01 February 2007, Published under Cement NewsEagle Materials Inc today reported financial results for the third quarter of fiscal 2007 ended December 31, 2006 and issued guidance for the fourth quarter of its fiscal year 2007. For the quarter ended December 31, 2006, revenues and net earnings were $214.2 million and $40.9 million, respectively. Revenues increased 1% over the prior year third quarter and net earnings increased 5% over the same period. While total U.S. construction spending remains strong, the severe slowdown in res... |
Florida Rock Industries net income rise01 February 2007, Published under Cement NewsFlorida Rock Industries, Inc today announced record first quarter net income of $44,279,000 or $.67 per diluted share for the first quarter of fiscal year 2007 versus $42,015,000 or $.63 per diluted share for the same quarter of fiscal year 2006. This year’s first quarter included after-tax gains of $2,550,000 ($.04 per diluted share) from the sale of real estate as compared to $2,562,000 ($.04 per diluted share) last year from the sale of real estate and the exchange of land parcels in the ... |
Poland leads Dyckerhoff advance01 February 2007, Published under Cement NewsThe separately quoted Buzzi Unicem subsidiary Dyckerhoff, in which the Italian group has just raised its control to over 96%, increased turnover by an underlying 15.0% in 2006 to €1,423m, with cement shipments rising by 3.7% to just over 17m tonnes. Capital expenditure amounted to €97m in 2006, but will rise in 2007 and 2008 on the back of the investments being under taken in the United States and in Russia. The reorganisation of the Dutch investments will see a new subsidiary in the form ... |
Margins improve at Rinker31 January 2007, Published under Cement NewsFor the nine months to the end of December, Rinker Group has produced a turnover 9.4% higher at US 4,151m, with the EBITDA advancing by11.7% to US$1,084.2m. Net debt at the end of December stood at US$1,066m to give a gearing level of 46.4%, while US$358m of capital expenditure has been approved including further investment at the US$220m Florida cement works. In January, three aggregates-based operations were added in Oregon, Utah and Tennessee, which together with the deals done in the ... |
J&K Cement Q3 net jumps more than six fold31 January 2007, Published under Cement NewsKanpur-based J&K Cement Ltd today reported a more than six fold jump in its net profit at Rs 50.2 crore for the quarter ended December 31, compared to Rs 7.8 crore in the year-ago period. Net turnover for the October-December period grew by 44 per cent at Rs 319 crore as against Rs 221.7 crore last fiscal, a company release said. For the nine months ended December 31, 2006, the net profit jumped seven times to Rs 117.2 crore from Rs 16.2 crore in the year-ago period. Net turnover for Apri... |
Lafarge Malayan Cement plans capital return31 January 2007, Published under Cement NewsLafarge Malayan Cement Bhd is planning a capital repayment of up to RM566.5m to its shareholders, the firm said yesterday. Lafarge Malayan Cement, controlled by French building materials company Lafarge, said it would return 20 sen for each share owned through the reduction in the par value of its shares, and expected the plan to be completed by the third quarter of this year. The firm also plans to consolidate its paid-up share capital on the basis of three shares of one ringgit each for ... |