Cement News tagged under: corporate
’Siberian Cement’ Consolidates Assets15 September 2006, Published under Cement NewsThe Kemerovo-based holding ’Siberian Cement’ is set to increase the share capital and consolidate part of the assets, which until recently were under its management. Director of the holding’s Legal Support Department Maxim Skorokhodov said that at the extraordinary meeting of shareholders on September 28 a decision is to be made on the increase of the share capital by 3,036.25 times out of the undistributed profit for 2005. |
Grafton in strong Irish market14 September 2006, Published under Cement NewsThe Irish-based merchanting group Grafton increased first half turnover by 10.4% to Eur 1,427.2m and the trading profit advanced by 9.5% to EUR 106.9m. The Irish results performed strongly in a buoyant market, with the profit moving ahead by 32.0% to €56.0m as turnover rose by 18.1% to EUR 590.7m. The British operations had to cope with a softer market and while turnover improved by 5.4% to €836.5m, the trading profit declined by 8.0% to EUR 49.8m. The Euromix mortars business is con... |
Ennstone improves prices14 September 2006, Published under Cement NewsIndependent aggregates and concrete producer Ennstone increased first half trading profit by 15.7% to UK£9.4m (EUR13.9m) on a turnover 21.0% ahead at £97.8m (€144.5m). Capital expenditure in the period amounted to £18.6m (EUR27.5m) and gearing at the end of June stood at 84%. The British operations accounted for 76.6% of turnover, with Virginia and Pennsylvania contributing 20.8% and the emerging Polish operations 2.6%. Strong price improvements in the British operations in part reflec... |
Bim Son Cement to sell 14M shares, Vietnam14 September 2006, Published under Cement NewsThe Bim Son Cement Company plans to sell an additional 14M shares via auctions at the stock exchanges in Hanoi and Ho Chi Minh City on September 20, the company has announced. Bim Son will sell the shares at the initial price of VND12,500, which is VND2,500 higher than the per-share price of previous issues. Bim Son now has chartered capital of VND900 billion ($56.4m), with the state holding 89.58% stake, its staff 7.18% and outside investors 3.24%. After this auction, the state ... |
Hong Kong Chia Hsin Cement requests trading suspension13 September 2006, Published under Cement NewsChia Hsin Cement Greater China Holding Corp’s shares have been suspended at the company’s request pending an announcement about a proposed connected transaction involving the acquisition of assets and issuance of new shares, the stock exchange said. |
S.Africa’s Aveng year headline EPS jumps 87 per cent12 September 2006, Published under Cement NewsSouth African construction, cement and engineering firm Aveng increased annual headline earnings per share by 87 per cent to 603 cents, and forecast a year of sustainable business growth. The group said on Monday revenue for the year to end-June increased 19 per cent to 16.05 billion rand ($2.19 billion) while operating profit rose 111 per cent to 613 million rand. Aveng said on Aug. 24 it expected headline EPS -- which excludes non-trading, capital and certain extraordinary items --... |
CRH announces successful US$1.75bn global bond offering11 September 2006, Published under Cement NewsCRH America, Inc, a wholly owned subsidiary of CRH plc, successfully priced its third US$ Global bond offering yesterday afternoon in New York. The offering consists of 10-year and 5-year notes. The US$1.25 billion 10-year notes were priced at a spread of 1.3% above the 10-year US Treasury and have a coupon of 6.0%. The US$500 million 5-year notes were priced at 0.92% above the 5-year US Treasury and have a coupon of 5.625%. Due to strong investor demand, the total offering was increased... |
Prosperity Minerals FY below market expectations11 September 2006, Published under Cement NewsProsperity Minerals Holdings said it anticipates full year results to be below market expectations, as a result of difficult operating conditions for the iron ore trading business. The company cited a 19% increase in the iron ore contract price for the iron ore year commencing April 1, rather than the expected rise of 10-15%, as one of its difficulties, reported Dow Jones International News. Prosperity also said a lower spot price for iron ore, significant increases in freight costs ... |
Italy Cementir Net Profit At 51.3 Mln Euro H1 200611 September 2006, Published under Cement NewsItalian cement group Cementir, a unit of local construction company Caltagirone, closed the first half of 2006 with a net profit of 51.3 mln euro ($65.3 mln), a 66.2 pct year-on-year surge, the group said in a statement on September 8, 2006. Cementir generated a revenue of 504.2 mln euro ($641.8 mln) in the first six months of 2006, up 25.3 pct year-on-year. The group’s earnings before interest, tax, depreciation and amortisation (EBITDA) totalled 118.6 mln euro ($151 mln) in the first half... |
French Ciments Francais H1 2006 Net Profit Up 46.2 Pct Y/Y07 September 2006, Published under Cement NewsFrench cement maker Ciments Français SA published on September 6, 2006 a net attributable profit of 248.9 mln euro (US$320.4 mln) for the first half of 2006, up 46.2 per cent on the year. Consolidated net profit came in at 301.6 mln euro (US$388.3 mln) versus 187 mln euro (US$240.7 mln). Operating profit went up by 64.2 pct to 451.4 mln euro (US$581.1 mln), while gross profit rose by 52.9 pct to 605.2 mln euro (US$779.1 mln). The revenue totalled 2.2 bln euro (US$2.8 bln), up 28.8 per ... |