Cement News tagged under: corporate
Egyptian Alexandria Cement Q1 200519 May 2005, Published under Cement NewsEgyptian cement producer Alexandria Cement registered a 511.5 per cent year-on-year surge in consolidated net profit to 14.8 mln Egyptian pounds ($2.6m) for the first quarter of 2005, it was reported on May 18, 2005 The company’s net sales rose 26.1 per cent year-on-year to 87.8 mln pounds ($15.2m), while the cost of sales fell 17.9 per cent to 53.4 mln pounds ($9.2m). As a result the company reported a gross profit of 34.4 mln pounds ($5.9m), compared to 24.4 mln pounds ($4.2m). |
Cimpor Q1 2005 profits expected to rise19 May 2005, Published under Cement NewsPortuguese investment bank Millennium bcp investimento (MBCPI) projected in a research note, dated May 17, 2005, the local cement company Cimpor - Cimentos de Portugal to post a profit of Euro 48.1m for the first quarter of 2005, up by 6.4 per cent year-on-year. Cimpor’s profit totalled Euro 45.2m in the first quarter of 2004. MBCPI analysts saw also the company’s revenue up 7.2 per cent to a total Euro 321.4m. Earnings before interest, tax, depreciation, amortization, and net pension exp... |
Taiheiyo Cement year to March net profit down18 May 2005, Published under Cement NewsTaiheiyo Cement Corp full year to March 2005 results: Revenue - 872.7 bln yen vs 879.5 bln. Operating profit - 48.2 bln yen vs 44.8 bln Current profit - 38.3 bln yen vs 35.1 bln. Net profit - 14.4 bln yen vs 16.5 bln. Taiheiyo Cement, Japan’s largest cement maker, gave the following year to March 2006 forecasts: Revenue - 870 bln yen. Current profit - 41 bln yen. Net loss - 1 bln yen. The company also said it will book special loss of 36 bln yen for impaired assets in the year to M... |
Brazil: CCC makes large profits18 May 2005, Published under Cement NewsThe Brazilian cement maker Camargo Correa Cimentos (CCC) has registered a net profit of R$62.7m in the Q1 2005, a boom of 328.47 per cent over the R$15.2m recorded in same period in 2004. The company’s net income amounted to R$131.7m in the period, an amount 10.28 per cent down the R$146.8m registered in the Q1 2004. Producer of Caue brand, Camargo Correa Cimentos claimed a gross earning of R$190.5m, a downturn of 8.63 per cent over the R$208.5mil registered in the Q1 2004. Owner of 8.5 per ... |
GK Goh Keeps Sell on Lafarge Malayan18 May 2005, Published under Cement NewsGK Goh Research keeps sell on Lafarge Malayan Cement due to price war. "The price war has intensified and the situation now is worse than the last price war in 1999," GK Goh says; adds domestic cement demand likely contracted six per cent in 1Q 2005; adds full-year demand likely flat. "We expect most cement companies to suffer losses in the first half of this year as there are no signs of the price war letting up." |
Egyptian Misr Cement Qena17 May 2005, Published under Cement NewsThe net profit of Egyptian cement producer Misr Cement Qena rose 73.9 per cent year-on-year to 27.7 mln Egyptian pounds ($4.8m) in the first quarter of 2005. The rise in earnings came after a 22.1 per cent growth in net sales to 81.17 mln pounds ($14m) and a 2.2 per cent increase in the cost of sales to 40.32 mln pounds ($7.0m). As a result, the company’s gross profit grew to 40.85 mln pounds ($7.05m) from 27.02 mln pounds ($4.7m). Misr Cement Qena is listed on the Cairo and Alexandria Stoc... |
Egypt’s Sinai Cement Q1 net up17 May 2005, Published under Cement NewsEgypt’s Sinai Cement reported an 82 per cent increase in its 2005 first quarter net profit to 23.99 million Egyptian pounds ($4.14m), the stock market said in a statement received on Monday. The cement firm made 13.17 million pounds in net profit during the same period of 2004, the stock market said without giving further details. Egypt’s cement firms have posted favourable results recently on the back of strong local and foreign demand. They have also benefited since 2003 from the devaluat... |
Australia’s James Hardie profit jumps on US sales17 May 2005, Published under Cement NewsThe Australian building products maker, dogged by a row over asbestos liabilities, said it expected strong US sales growth to continue in the coming year although the rate of growth would slow and the Australian housing market would remain soft. Cheered by a 34 per cent rise in fourth-quarter US fibre cement sales and its best-ever margins of 31.2 per cent, investors pushed up shares in James Hardie, whose rivals include USG Corporation and CSR Ltd, to a three-month high of $A6.44 ($NZ6.9... |
Buzzi Unicem looks to USA and Mexico16 May 2005, Published under Cement NewsOn an underlying basis, Buzzi Unicem’s turnover rose by 2.6 per cent to €541.3m for the first three months of 2005, of which Dyckerhoff represented some €202m, while, on the same basis, the EBITDA fell by 17.3 per cent to €76.4m. Several of the major European operations were negatively affected by unusually harsh winter weather in March and the early Easter. Cement deliveries in the period were 0.7 per cent lower at 6.1Mt while the ready-mixed concrete volume declined by 4.2 per cent to 3.1... |
Mexican standoff continues in Indonesia16 May 2005, Published under Cement NewsThe Indonesian government remains at loggerheads with Mexico’s Cemex SA over the latter’s investment in state-owned cement maker PT Semen Gresik. Minister for State Enterprises Sugiharto said contrary to an earlier statement by Chief Economics Minister Aburizal Bakrie, nothing had been settled. The government, however, still hoped to resolve the dispute before an international arbitration court resumes its session on the case filed by Cemex. The dispute began after the government failed to h... |