Cement News tagged under: corporate
Quinn Group clashes with Siptu01 September 2005, Published under Cement NewsIreland’s country’s most profitable private company, the Quinn Group, has been ordered to provide employees of its cement division with conditions in line with those demanded by the Siptu union. The non-union company, headed by entrepreneur Sean Quinn, reported pre-tax profits of over €140m last year and is projected to see these rise above €200m over the next year. The Labour Court has issued a binding determination on the company to introduce a 39-hour basic week and a sick pay scheme u... |
Second half looks brighter for Malaysian cement makers01 September 2005, Published under Cement NewsThree of the four listed cement players in the country – Cement Industries of Malaysia Bhd (Cima), Lafarge Malayan Cement Bhd and Tasek Corp Bhd – have posted losses for the quarter ended June 30. Cima recorded a net loss of RM26.9m for its second quarter compared with a net profit of RM4.7m in the corresponding quarter last year, while revenue fell 6.8% to RM136.2m from RM146.2m. Lafarge posted a net loss of RM26.9m versus a net profit of RM24.8m last year on the back of revenue of RM4... |
Pre-bid meeting for Javedan Cement sale31 August 2005, Published under Cement NewsThe Pakistan Privatisation Commission is holding a pre-bid meeting in Islamabad for sale-of 96.34 Javedan Cement Limited (JCL) shares on September 3. The meeting is meant to give the bidders better understanding of the transaction and the bidding process. The commission has received 43 expressions of interest (EoIs) from interested parties for JCL sell-off on an "As is where is" basis, through the sale of 96.34 percent shares held by State Cement Corporation of Pakistan (Pvt) Limited (SCCP)... |
Cement Hranice owner to squeeze out minority shareholders31 August 2005, Published under Cement NewsDyckerhoff, majority owner of the Czech building materials maker Cement Hranice, plans to squeeze out small shareholders during a Friday general meeting. Dyckerhoff will offer minority shareholders CZK 2262 for each share worth a nominal CZK 300. Dyckerhoff now controls 98.27 per cent of Cement Hranice having bought the stake from France’s Ciments Francais in 1997. Cement Hranice saw its net profit rise 23 per cent yr/yr to CZK 501 mln in 2004. Salesfell byCZK 22 mln yr/yr to CZK 1.565 bn. In... |
Sumitomo Osaka Cement’s financials31 August 2005, Published under Cement NewsSumitomo Osaka Cement Co is unlikely to meet its 400 million yen operating profit target set for its optoelectronics and advanced materials operations in fiscal 2005, especially in light of the 200 million yen operating loss these businesses posted in the April-June quarter. At the advanced materials division, the company lowered its prices for plasma display panel films by around 30%, succumbing to strong pressure from customers. And at the optoelectronics segment, shipments of LN modulato... |
Croatian Dalmacijacement H1 Net Profit Down30 August 2005, Published under Cement NewsCroatian cement maker Dalmacijacement-RMC Group, now owned by Mexico’s Cemex, said on Monday its net profit fell by 4.9 per cent on the year to 58.6 million kuna (US$9.8m) in the first half of 2005. In a consolidated report, sent to the Zagreb Stock Exchange, the company said the earnings were in line with its plans. Lafarge Malayan Cement falls on lower-than-expected Q2 results Lafarge Malayan Cement Bhd was lower after reporting a wider loss of 26.9 mln rgt in the second quarter from... |
Indonesia’s Semen Cibinong H1 net loss narrows30 August 2005, Published under Cement NewsCement maker PT Semen Cibinong posted a narrower net loss of 217.59 bln rupiah in the first half to June against a loss of 509.48 bln a year ago, mainly due to a fall in foreign exchange losses. The company said its sales surged 27 pct to 1.41 trln rupiah, up from 1. 11 trln a year earlier. Gross profit rose to 129.32 bln from 65.93 bln a year ago. The increase however was insufficient to cover operating expenses which rose 12.52 pct to 150.36 bln from 133.63 bln. As a result, the company ... |
CRH 1H Pretax profits soar30 August 2005, Published under Cement NewsCRH reported Tuesday a pretax profit of Euro383m for the six months ended June 30, up 20 per cent from Euro 319 million in the same period a year ago. The result came in above analysts expectations for a pretax profit of Euro376m in the first half of 2005. Chief Executive Liam O’Mahony said the group "had a strong first half profit outcome with good organic growth from the Americas significantly outweighing a decline in Europe, and a satisfactory incremental contribution from 2004 and 2005... |
Romanian Lafarge Agregate Betoane30 August 2005, Published under Cement NewsLafarge Agregate Betoane, a Romanian limestone quarry, said on Monday it swung to 34.8 billion old lei ($1.21m) net loss in the first half of 2005, from a net profit of 12.06 billion in the same period last year, as turnover fell. The loss was due to temporary setbacks, which should be overcome by the end of the year, the company said in a statement. The company boosted its net profit last year to 46.62 billion old lei, from 2.6 billion lei in 2003. |
Saudi Cement Co H1 2005 net profit up30 August 2005, Published under Cement NewsSaudi cement producer Saudi Cement Company (SCC) posted a net profit of 248.9 mln Saudi riyals ($66.4m) for the first half of 2005, up 24.4 per cent year-on-year. Gross profit grew by 13.4 per cent year-on-year to 272.4 mln riyals ($72.6m) for January to June 2005. The company registered a 7.7 per cent annual drop in total operating expenses to 29.6 mln riyals ($7.9m) in the first six months of 2005. |