Cement News tagged under: corporate
Tabuk Cement net profit up to US$41.3m21 March 2006, Published under Cement NewsSaudi cement producer Tabuk Cement Company (TCC) registered an increase in net profit to 154.8 mln Saudi riyals (US$41.3m) for 2005, up from 128.6 mln riyals (US$34.2 mln/28.26 mln euro) for 2004. Sales rose slightly to 304 mln riyals ($81.1m), against 284 mln riyals ($75.7m). Cost of sales dropped to 133.1 mln riyals ($35.5m), which led to a gross profit of 171 mln riyals ($45.6m). |
Sumitomo Osaka Cement looks for higher profit21 March 2006, Published under Cement NewsSumitomo Osaka Cement Co said Monday that it aims to boost its group net profit fivefold to Y10 billion for the fiscal year ending March 2009, partly through cost reduction and by making further advances into electronics and other fields. The company said it is predicting a nine per cent decline in domestic cement demand to 53Mt in fiscal 2008 compared with this fiscal year. But a recovery in cement prices and efforts to cut back costs will help underpin its profitability. The company ... |
Maxit to build plant in Latvia21 March 2006, Published under Cement NewsMaxit, a company of the German construction materials production group Heidelberg Cement, plans to build a new ceramsite panel production plant in Latvia. Ivi Anna Buce, board member of the Latvian subsidiary, said that the new plant would be situated not far from the Latvian capital Riga and was expected to launch production in the middle of next year. The new plant`s production capacity will be about 200,000 cubic meters a year, and it is planned to expand it in future, adding another pr... |
Dyckerhoff results for FY 2005 approved20 March 2006, Published under Cement NewsBuzzi Unicem subsidiary Dyckerhoff AG has reported improving sales in 2005. However, the development of the divisions varied. With Germany posting a decrease in sales, the Eastern European division, in particular, contributing to such growth. Business development also grew in the USA. Exchange rate variances had a positive effect of approximately EUR 20m in total. Of the total group sales, approximately 37 per cent can be ascribed to Germany, 29 per cent to Eastern Europe, 24 per cent to the... |
Semapa FY net up 76.7 per cent20 March 2006, Published under Cement NewsPortuguese conglomerate Semapa SGPS, which controls local cement producer Secil, announced net profits of Euro 334m for 2005, a rise of 76.7 per cent from a year earlier. However, the company said the years were not directly comparable as in 2005 it benefitted from extraordinary gains, notably the the sale of its Enersis renewable energy division which resulted in a gain of Euro 384.6m. Group sales came in at Euro 1.530bn, consisting of Euro 1.029bn, up 5.2 per cent, at its Portucel pa... |
Promising results from India Cement20 March 2006, Published under Cement NewsThe largest cement company in south India, India Cements with a group capacity of 8.8Mt, has posted strong numbers after a long time. For the first time since FY01, the company is set to make profits for FY06. Better still, the company’s performance is likely to improve further as the cement industry has revived in its key southern markets, on the back of a robust 25 per cent consumption growth during FY06. The reduction in sales tax in January 2006 and efficiency improvement would help grow... |
Yanbu Cement 2005 net profits up20 March 2006, Published under Cement NewsSaudi cement producer Yanbu Cement Company (YCC) registered an increase in net profit to 453.6 mln Saudi riyals (US$120.9m) for 2005, up from 427.7 mln riyals (US$114m) for 2004. Sales rose slightly to 779.6 mln riyals (US$207.9m), against 774.6 mln riyals (US$206.5m). Cost of sales dropped to 303.3 mln riyals (US$80.9m), which led to a gross profit of 476.3 mln riyals ($127m). YCC will pay a 30 per cent cash dividend for the second half of 2005, equal to 15 riyals (US$4.0) per share. |
Sale of Ladik Cement halted20 March 2006, Published under Cement NewsThe 13th Department of the Council of State halted the execution of the resolution of the Saving Deposits and Insurance Fund (TMSF) which approved the Sale Commission’s decision regarding the sale of Ladik Cement to Türkerler AS, which gave the second highest bidding, instead of Akçansa.Therefore, the execution of the decision of the Sale Commission regarding the sale of Ladik Cement’s commercial and economic integrity to Türkerler AS and the resolution of TMSF which approved this decision h... |
Cemex sees 1Q sales up 51 per cent17 March 2006, Published under Cement NewsCemex said it expects first quarter sales to rise 51 per cent. It said sales for the period will come in higher than $3.9bn. Cemex also said it expects EBITDA to be about US$800m for the first quarter, up about 26 per cent from the year-ago period. "On a pro-forma basis and including the effect of the RMC consolidation for January and February 2005, net sales and EBITDA for this quarter are expected to increase nine per cent and 23 percent, respectively, in dollar terms," Cemex said. ... |
Cementir 2005 net profit at EUR109.4m17 March 2006, Published under Cement NewsItalian cement group Cementir, a unit of local construction company Caltagirone, posted a net profit of EUR109.4m for 2005, a 62 per cent YoY increase. The company reported an EBITDA of EUR184.4m up 92 per cent. Cementir generated a revenue of EUR857.4m, a 117 per cent increase. The company’s operating profit rose 100 per cent to EUR119.2m. Cementir registered a net financial debt of EUR403.5m at the end of 2005 compared to a net financial debt of EUR298.6m at the end of 2004. The ne... |