Cement News tagged under: corporate
Holcim Indonesia kept a ’hold’ after 9 mths results07 November 2006, Published under Cement NewsUOB Kay Hian said it maintains its "hold" rating on the country’s third largest cement maker, PT Holcim Indonesia, after the company swung to a profit in the nine months to September from a loss last year largely on the back of foreign exchange gains. UOB said Holcim is now trading at a premium to the cement sector, and is less attractive compared to its peers mainly because of its lack of earnings power and huge debt position. "On the flip side, Holcim Indonesia may benefit the most... |
Saudi Yamama Cement Q3 2006 net profit up to US$38.9m07 November 2006, Published under Cement NewsThe net profit of Saudi cement producer Yamama Cement Company (YCC) rose to 145.9m Saudi riyals (US$38.9m/€30.6m) for the third quarter of 2006, up from 134.8m riyals (US$$35.9/€28.3m) a year ago. |
Lucky Cement achieves record growth in Q107 November 2006, Published under Cement NewsLucky Cement recorded the highest growth in local and export sales during the first quarter of this fiscal as compared to the last year’s first quarter among the cement manufacturing companies of the country. The financial results of most of the cement-making companies have been announced and comparison of their performances shows that while average increase in the local sales of six major companies remained at 14 per cent, Lucky Cement registered a growth of 118 per cent - apparently... |
Vietnam cement maker to raise US$16m in IPO07 November 2006, Published under Cement NewsA major Vietnamese cement maker said on Tuesday it would auction state shares to the public on the Hanoi over-the-counter stock market later this month to raise at least US$16m. The Ha Tien Cement Company No. 1 said in a statement it would sell 22,291,500 state shares, or 25.62 per cent, in an initial public offering on Nov. 27 to reduce government ownership a company official said was now 100 per cent. The Ho Chi Minh City-based company set a starting price for bids at 11,500 dong (... |
HeidelbergCement 3Q sales €2.58B Vs €2.25B07 November 2006, Published under Cement NewsHeidelbergCement AG - Heidelberg, Germany 3 Mos Sep 30 2006 2005 Sales EUR2.58 Bln EUR2.25 Bln Oper Pft 523 Mln 453 Mln EBIT - a 587 Mln 467 Mln Pretax Pft 522 Mln 410 Mln Net Profit 345 Mln 274 Mln a. Earnings before interest and taxes 9 Mos June 30 2006 2005 Sales EUR6.86 Bln ... |
Dyckerhoff 9M improvements06 November 2006, Published under Cement NewsGerman construction material maker Dyckerhoff AG, a unit of Italian cement maker Buzzi Unicem, turned a net profit of Euro 103m for the first three quarters of 2006 compared to Euro 57m a year earlier, the company said on November 6, 2006. |
HeidelbergCement makes solid gains06 November 2006, Published under Cement NewsGerman cement maker HeidelbergCement AG said Monday it saw an 86% jump in its net profit in the first nine months of the year, owing largely to an acceleration of growth in Europe. HeidelbergCement’s net profit rose to EUR721 million from EUR387 million in the first nine-months of the year. Profit for the financial year exceeded last year’s amount considerably and reached Euro 790m after Euro 438m previously. In the first nine months, the cement and clinker sales volumes of HeidelbergCement... |
Sumitomo improves06 November 2006, Published under Cement NewsSumitomo Osaka Cement up 3.5% at Y352 after firm said Thursday it now expects to post 26% rise in group pretax profit for 1H ended September to Y6 billion, better than its prior forecast for Y5.1 billion. Given growth hopes for next FY, issue can rise as high as Y460-Y470, says senior analyst at Daiwa Institute of Research; although 1H outlook hike in line with expectations, investors reevaluating issue on growth in cement demand due to increase in condominium construction, he says.(JUO) |
Vietnam Lilama to build cement plant in Cambodia06 November 2006, Published under Cement NewsLilama 18, a subsidiary of the Vietnam Machinery Installation Corporation (Lilama), and Seam Cement Co. Ltd. signed a contract to build a cement plant in Cambodia’s Kampot province on Oct. 30. The plant will have a capacity of 1Mta of clinker per year. |
Siam City Cement pessimistic about 200706 November 2006, Published under Cement NewsSiam City Cement Plc (SCCC), a local unit of Holcim of Switzerland, is pessimistic about its business outlook next year since infrastructure projects have stalled. "The best case could be zero growth in sales revenue," said Chantana Sukumanont, a company executive vice-president. Ms Chantana said the local cement industry had experienced hardship this year due to several negative factors, including political turmoil during the first three quarters, oil price hike, widespread flooding, and a... |