Cement News tagged under: corporate
UAE National Cement Co profits rise26 January 2006, Published under Cement NewsUAE Dubai-based National Cement Company reported a net profit of 249.8 mln UAE dirhams (US$68m) in 2005, up from 113 mln dirhams ($30.8m) in 2004, it was reported on January 25, 2006. National Cement Co registered a revenue of 450 mln dirhams (US$122.5m), compared to 326 mln dirhams (US$88.8m), while its net operating profit grew to 167.5 mln dirhams (US$45.6m) from 56 mln dirhams (US$15.25m). |
Peru’s Cementos Lima 4Q26 January 2006, Published under Cement NewsRising cement sales helped lift Cementos Lima SA’s fourth-quarter net income to 32.8 million soles (US$9.8m) compared with PEN22.8 million (US$6.8m) in the same quarter in the previous year. Cementos Lima, the largest cement producer in Peru, released the financial results to the Peruvian regulatory agency, Conasev, on Wednesday. Total revenues rose to PEN171.4 million (US$49.6m) in the fourth quarter compared with PEN141.9 million (US$41.1m) in the same period a year earlier. Full-year 200... |
Grasim net falls but cement almost doubles26 January 2006, Published under Cement NewsA downturn in Grasim Industries’ viscose staple fibre and sponge iron businesses has led to the company’s third quarter net profit for the current fiscal falling by 25.4 per cent. However, under segment results, the cement business reported profits (before interest depreciation and tax) of Rs 133.91 crore (Rs 69.5 crore) almost doubling from a year ago. Volume sales were up 11 per cent at 3.53Mt. |
Cemex’s profits increase again seen up on RMC acquisition26 January 2006, Published under Cement NewsThis week a Reuters survey of five analysts forecast, on average, a October-December net profit for Cemex of US$565m, up from US$334m a year earlier, in effect, increasing fourth-quarter net profit about 69 per cent from higher sales after the consolidation of Britain’s ready-mix concrete giant RMC. The survey forecast that Cemex’s revenues will have nearly doubled in the quarter, largely boosted by its US$5.8bn acquisition in March last year of RMC, the world’s largest ready-mix concrete m... |
Siam Cement reports 12 per cent fall26 January 2006, Published under Cement NewsSiam Cement, Thailand’s largest industrial conglomerate, reported a 12 per cent drop in full year net profit Wednesday on the back of increased energy costs and a 35-day scheduled turnaround at its naphtha cracker plant. Weaker performance in SCC’s petrochemicals and paper businesses in 2005 dragged net profit down to Bt32.236 billion (US$827.5m), despite higher sales, which rose 13 per cent to Bt218.265 billion during the period, SCC said in a statement Wednesday. |
Siam Cement sees 2006 revenues rising25 January 2006, Published under Cement NewsThailand’s biggest industrial conglomerate, Siam Cement , said on Wednesday it expected revenues to rise 5 to 10 per cent this year, led by its petrochemical and cement businesses. The firm expected the domestic cement market to grow about 3-6 percent this year, while the spread between raw material costs and the price of petrochemical products would be close to last year’s $550 per tonne, president Kan Trakulhoon, told reporters. Siam Cement noted it will sell up to 20 billion baht (US$508m)... |
Podilsky Cement gets approval for new quarries25 January 2006, Published under Cement NewsUkraine’s antitrust regulator AMCU gave green light to the Podilsky Cement plant to buy stakes of over 50 per cent in the Behivsky and Popilnyansky crushed stone quarries. Podilsky Cement technical director Stanislav Pohilyak said the plant bought the two quarries in the central Zhytomir region to enter new markets rather than to use their output for cement production. The Popilnyansky quarry has an annual capacity of over 500,000t of crushed stone, but it plans to produce only 150,000t i... |
India Cements Q3 net up25 January 2006, Published under Cement NewsIndia Cements Ltd has posted a net profit of Rs 7.22 crore on sales of 411.87 crore for the quarter ended December 31, 2005 compared to a loss of Rs 33.31 crore on sales of Rs 319.01 crore for the same period last year. For the first nine months of this financial year, the company posted a net profit of Rs 18.28 crore on sales of Rs 1,330.48 crore against a loss of Rs 69.14 crore on sales of Rs 988.40 crore for the corresponding period last year. The company attributed its improved perfor... |
Anhui Conch improves share compensation25 January 2006, Published under Cement NewsChina’s Anhui Conch Cement Co said it is raising its compensation offer to public shareholders to 15 yuan in cash -- or 2.55 bonus shares -- per 10 tradable shares, in its plan to float its state-held shares. Its previous offer was nine yuan in cash per 10 shares. Shareholders will vote on the plan on Feb 20. Shares of the company will resume trading Feb 6 at the latest. Shares were suspended from trading Jan 16. |
PPC cements rise in headline earnings per share share25 January 2006, Published under Cement NewsPPC, SA’s largest cement maker, expects a 40-60 per cent jump in interim headline earnings a share on the back of better-than-expected sales and a reduced tax bill. The company, which is 71 per cent owned by industrial group Barloworld, said yesterday that for the fourth consecutive year, cement sales were surpassing its forecasts. The cement maker had expected the market to grow by about 8 per cent in the current financial year. But a construction sector analyst said that cement sales g... |