Cement News tagged under: corporate
Holcim first quarter net sales up 70 per cent11 May 2006, Published under Cement NewsHolcim has reported a successful start to the new year with investments in India and China create new growth potential. The Swiss major reported higher sales volumes across all segments for 1Q06. Net sales were up 70 per cent to CHF 4.628bn. The group saw a 52 per cent rise in operating EBITDA to CHF 1.001bn and operating profit advanced 53 per cent to CHF 627m. Net income jumps 70 percent to CHF 273 million. The global economy continued to expand at a favorable pace, thereby ensuring tha... |
Titan Cement increases sales, profits in Q1 200611 May 2006, Published under Cement NewsThe Titan Cement Group increased its net profits after taxes and minorities to EUR43m in the first quarter of 2006, up by 58% compared with the same period last year, while sales were up 34% to stand at EUR335m, according to the financial results the company released on Wednesday. At constant exchange rates, group turnover increased by 27% and operating EBITDA by 37%. According to the company, "turnover and operating EBITDA growth is due to improved performance in all geographical areas and... |
Tasek Cement post RM11.98m profit, Malaysia11 May 2006, Published under Cement NewsTasek Corporation Bhd posted a net profit of RM11.98m for the third quarter ended March 31, 2006, a turnaround from the net loss of RM9.95m a year ago, on the back of improvements in demand and pricing stability. Revenue was 28.59% higher to RM72.57m from RM56.43m. Earnings per share rose to 6.48 sen up from a loss per share of 5.45 sen, the company said yesterday. For the nine months up to March 31, Tasek Corporation’s net profit was RM27.36m against RM4.49m. Revenue during the peri... |
Valderrivas interested in Uniland10 May 2006, Published under Cement NewsFomento de Construcciones y Contratas SA’s cement unit Portland Valderrivas is eying ’with interest’ the acquisition of rival Corporacion Uniland SA, Cinco Dias reported, citing Valderrivas board member Jose Manuel Revuelta. The Catalan company is ’not the only option’ on the table for Valderrivas, Revuelta said, adding that the company is also considering possibilities in China. Valderrivas has some Euro 900m for acquisitions, the newspaper said. |
Andalas looks for Padang stake10 May 2006, Published under Cement NewsPT Andalas Tuah Sakato (ATS) (no relation to Lafarge Andalas) hopes the government would let the company to acquire 25.53 per cent shares of Semen Padang that was allocated for Cemex SA. The Commissioner of the provincial company Barsil Thaher said that the people of West Sumatra want ATS to control the cement producing company. At the present time Semen Padang is the unit of Semen Gresik. Basril added that ATS has been ready with the money, and will be able to pay the higher price than t... |
Shree Cement improves10 May 2006, Published under Cement NewsShree Cement, like other players in the Indian cement sector, has reported improved performance in the March 2006 quarter. Operating profit grew 100 per cent YoY to Rs 81.59 crore in the last quarter, which was considerably faster than the 38 per cent YoY growth in net sales to Rs 225.5 crore. Profit growth in the last quarter has been largely aided by improved realisations in the company’s key northern markets and that helped offset higher input costs. Meanwhile, Shree Cement’s despatches i... |
Camargo Corrêa issues US$250m in international bonds, Brazil10 May 2006, Published under Cement NewsBrazilian civil engineering firm Camargo Corrêa has issued US$250m in senior unsecured bonds on international markets, local daily Valor Econômico reported. Both rating agencies Standard & Poor’s and Fitch Ratings assigned BB ratings to the 10-year bonds, as well as to Camargo Corrêa’s long-term issuer default rating in domestic currency and an A+ rating for foreign currencies. The rating agencies characterized all ratings as stable. Camargo Corrêa will use the bond issue to refinance its s... |
Cimpor dividend distribution09 May 2006, Published under Cement NewsCimpor - Cimentos de Portugal will distribute a dividend of 0.19 euro per share on its 2005 earnings, the company said in a note to Portugal’s national bourse regulator CMVM on May 8, 2006. The dividend will be paid to both resident and non-resident shareholders. Cimpor will start to pay out the dividend as of June 2, 2006. Shares of the company will be traded without dividend rights as of May 30, 2006. Cimpor shares closed up 1.05 pct to 5.76 euro per share on Portugal’s stock exchange... |
Titan Q1 net seen up 22 per cent09 May 2006, Published under Cement NewsTitan is expected to report a 22 per cent rise in first-quarter net profit, thanks to strong growth at home and abroad, analysts said on Monday. A Reuters poll of eight analysts forecast on average net profit of about 33 million euros for Titan, with earnings before interest, tax, depreciation and amortisation (EBITDA) seen up 23 per cent to 70.1 million euros. "We expect US operations to continue delivering strong growth rates on the back of increases in cement prices and a slight e... |
Anhui Conch Cement gets approval to sell stake09 May 2006, Published under Cement NewsAnhui Conch Cement Co Ltd said its parent has been given approval by the central government to sell a combined 14.34 per cent stake in the cement maker to MS Asia Investment Ltd and the International Finance Corp (IFC). In a statement filed to the Shanghai Stock Exchange, Anhui Conch Cement Co said the State-owned Assets Supervision and Administration Commission (SASAC) gave permission for its parent Anhui Conch Cement Group to sell 133.20 mln shares to MS Asia and 46.80 mln shares to the ... |