Cement News tagged under: corporate
Eagle Materials manages two cement price increases in six months03 November 2005, Published under Cement NewsIn the six months to the end of September, Eagle Materials increased turnover by 36.1% to US$426.9m, helped by Illinois Cement Company now being a subsidiary rather than an associate. The group trading profit increased 43.1% to US$118.7m, boosted by higher prices and volumes across all divisions. In spite of a 79.2% increase in interest payments, principally relating to the purchase of the remaining 50% of Illinois Cement Company, the pre-tax profit still recorded a 42.4% advance to US$115... |
Italcementi Q3 results to rise as overseas ops offset weak Italy03 November 2005, Published under Cement NewsItalcementi SpA is expected Friday to announce higher sales and results, with a strong performance from its overseas operations more than offsetting weak Italy operations, analysts said. Net profit is seen at EUR100-124m, against EUR92.7m reported a year earlier, EBIT EUR244-280m, against EUR221.1m, EBITDA EUR326-365m, from EUR316.2m, and sales EUR1.279-1.325bn, from EUR1.170bn. ’Egypt should be a strong driver in the second half and in 2006, due to strong growth and the effect of ... |
Eagle Materials Inc reports record second quarter results, USA02 November 2005, Published under Cement NewsEagle Materials Inc. today reported financial results for the second quarter of fiscal 2006 ended September 30, 2005 and raised its annual earnings guidance. For the quarter ended September 30, 2005, revenues and net earnings were $222 million and $43 million, respectively. Revenues increased 36% over the prior year second quarter and net earnings increased 44% over the same period last year. Diluted earnings per share for the second quarter of fiscal 2006 were $2.41 compared with $1.6... |
Semen Cibinong’s losses widen on currency woes, Indonesia02 November 2005, Published under Cement NewsPublicly listed PT Semen Cibinong, the country’s third largest cement producer, posted a loss in the first nine months of this year due to the sharp depreciation of the rupiah against the U.S. dollar over the past three months. In its statement to the Jakarta Stock Exchange on Tuesday, the firm said it recorded a net loss of Rp 435.5 billion (US$43.5 million) between January and September, widening by 14.8 percent from Rp 379.2 billion in losses over the same period last year. Ac... |
St Lawrence profits from housing boom02 November 2005, Published under Cement NewsA strong housing and construction sector helped boost St Lawrence Cement Group Inc’s profit and revenue in the third quarter. The cement producer reported yesterday it earned $42.5m or $1.02 a share for the three months ended September 30. That compared with a profit of $39.2m or 94 cents for the same period last year. Sales rose 4.8 per cent to $449.3m from $428.6m last year. The company said its higher sales reflect a strong construction services market, growth in cement sales and a pr... |
French Vicat Jan-Sept 2005 turnover01 November 2005, Published under Cement NewsFrench building materials group Vicat SA posted a Euro 1.35bn turnover for the first nine months of 2005, up 10 per cent year-on-year. The group reported sales of Euro 482.5m for the third quarter of 2005, 12 per cent higher than for the same period in 2004. Vicat’s main business covers manufacture of cement, of ready-mixed concrete and aggregates. |
OCL India: net profit climbs01 November 2005, Published under Cement NewsIn the first half of 2005-06, OCL net profit stood at Rs 22.19 lakh as against Rs 15.68 lakh while the turnover stood at Rs 320.26 crore as against Rs 265.59 crore during the same period last year, up 20.58 per cent. OCL recorded an increase of 15 per cent in cement sales for the half year period. It sold off 6.84Mt of cement as against 5.94Mt sold off during last year. |
Polpaico posts US$19m earnings31 October 2005, Published under Cement NewsChilean cement producer Cemento Polpaico posted a consolidated 10.3bn-peso (US$19m) net profit during January-September this year, down 9.9 per cent compared to the same year-ago period, the company reported in a filing with the country’s securities regulator (SVS). The cement company’s revenues reached 97bn pesos in the period, up 11.8 per cent from January-September 2004. At the same time, operating profit also decreased 16.2 per cent to 14.1bn pesos in the first nine months of 2005 from ... |
Mediobanca Sells Stake in French Ciments Francais31 October 2005, Published under Cement NewsItalian investment bank Mediobanca SpA has sold it stake in French cement maker Ciments Francais SA, a subsidiary of Italian cement group Italcementi, it was reported on October 28, 2005. Mediobanca has booked a capital gain of Euro 100m ($121.4m) from the operation, the bank said in a statement. The bank has sold its stake, as it has registered a Euro 12m ($14.6 mln) loss, Mediobanca co-director general Renato Pagliaro said. Moreover, the shares are not quoted on the stock exchange, Pag... |
UAE Sharjah Cement profits up31 October 2005, Published under Cement NewsUAE cement producer Sharjah Cement and Industrial Development Company posted a net profit of 220.161 mln UAE dirhams (US$60m) for the first nine months of 2005, up from 98.425 mln dirhams (US$26.8m) for the same period of 2004. The company’s sales rose to 418.915 mln dirhams (US$114.06m) from 259.963 mln dirhams (US$70.8m), while costs grew to 226.225 mln dirhams (US$61.6m) from 161.896 mln dirhams (US$44.1m). |