Cement News tagged under: corporate
Saudi Cement Q3 net profit up12 October 2006, Published under Cement NewsSaudi Cement , the country’s third largest cement firm, said on Wednesday its third-quarter net profit rose 28 percent to 155.5 million riyals ($41.5 million) from the same period last year. A statement on the bourse Web site said profit in the first nine months of 2006 rose 30 percent to 483.1 million riyals. It said an increase in sales was behind the profit growth. |
Qatar National posts higher profits12 October 2006, Published under Cement NewsQatar National Cement Company (QNCC ) registered a net profit of 143 mln Qatari riyals ($39.3m) for the first nine months of 2006, up from 135.7 mln riyals ($37.3m) in the corresponding period of 2005, Doha Securities Market (DSM) reported on October 11, 2006. Sales of QNCC grew to 647.7 mln riyals ($177.8 mln/141.9 mln euro) from 441.4 mln riyals ($121.2 mln/96.7 mln euro). QNCC plans to increase production capacity to 11,900 tonnes per day (tpd) clinker and 15,500 tpd cement in three ye... |
Yonica (BVI) sales for 1H 200611 October 2006, Published under Cement NewsAs stated in the interim report of the Yonica (BVI) Group (a holding company with 80 per cent interest in Jiangsu Union Cement Co, Ltd), dated 23 August 2006, the sales volume of cement and clinker of the Group for the first half of year 2006 amounted to 1.92Mt, representing an increase of 21.99 per cent over the same period of last year. Although the situation of supply exceeding demand still remained, the overall cement business environment has improved when compared with last year. Ex... |
Indonesia’s Bank Mandiri mulls selling Semen Kupang stake11 October 2006, Published under Cement NewsPT Bank Mandiri is studying options for speeding up the recovery of its soured loans to PT Semen Kupang including the divestment of its stake in the cement maker, Mandiri corporate secretary Mansyur Nasution said. Semen Kupang, has about 500 bln rupiah worth of non-performing loans which it owes to Bank Mandiri. "We are discussing options to restructure the debt with parliament, the central government and the provincial government," Nasution told XFN Asia. Semen Kupang is based i... |
Shree Cement, is the first cement player to report its results for the September 2006 quarter11 October 2006, Published under Cement NewsShree Cement, is the first cement player to report its results for the September 2006 quarter, posting an impressive performance, thanks to higher sales volumes and improved price realisations. Shree Cement Ltd also said on Tuesday it would expand annual capacity by 3Mt from its current capacity of 4.5Mta. The company’s operating profit has grown a whopping 173 per cent y-o-y to Rs 142.67 crore in Q2 FY07 compared with 103.4 per cent growth in net sales to Rs 315.95 crore. Also, the firm... |
Yanbu Cement Q3 net profit rises11 October 2006, Published under Cement NewsSaudi Arabia’s Yanbu Cement Co made a third-quarter net profit of 130.63m Saudi riyals, up 6.4 per cent compared with the year-earlier period. The earnings are just below the 8.6 per cent increase in net profit forecast by Kuwaiti investment bank Global Investment House in a Reuters survey last month. Yanbu Cement reported a net profit of 122.82m riyals in the third quarter of 2005. It earned 406m riyals in the first nine months of the year, up 20 percent over the same period in 2005... |
Ukranian cement production for September11 October 2006, Published under Cement NewsIn September, the Bakhchysarai-based Budindustria factory, the largest cement producer in Crimea, increased cement production by 5.2 per cent or 2500t compared with September 2005, to 50,200t. According to the Ukrtsement association, in September the plant increased clinker production by 3.6 per cent or 1000t to 28,500t compared with September 2005. In August, Budindustria increased cement production by 5.1 per cent or 2300t compared with August 2005, to 47,000t. In August the plant incr... |
China’s Jidong Cement sees 9 months net profit up 50-100 per cent YoY11 October 2006, Published under Cement NewsTangshan Jidong Cement Co Ltd (SZA 000401) said in a statement filed with the Shenzhen stock exchange it expects its net profit for the first nine months to rise 50 to 100 per cent YoY due to higher sales. The company posted net profit of 93.21m yuan for the first nine months last year with earnings per share reaching 0.097 yuan. ( 1 usd = 7.90 yuan) |
Gulf Cement outlook remains bouyant10 October 2006, Published under Cement NewsRas Al-Khaimah, UAE, was incorporated as a public shareholding company in 1977. It has a current clinker capacity of 1.3Mt and cement capacity of 2.5Mt. The company mainly produces and markets three different types of cement - ordinary Portland cement (OPC), sulphate resistant portland cement (SRC) and a mix of the two. A small quantity of slag too is produced, which is sold off to slag cement-makers. The company is currently listed in the Abu Dhabi Securities Market (ADSM) and Kuwait Stoc... |
China’s Jidong Cement sees 9 months net profit up 50-100 per cent YoY10 October 2006, Published under Cement NewsTangshan Jidong Cement Co Ltd) said in a statement filed with the Shenzhen stock exchange it expects its net profit for the first nine months to rise 50 to 100 per cent YoY due to higher sales. The company posted net profit of 93.21m yuan for the first nine months last year with earnings per share reaching 0.097 yuan. |