Cement News tagged under: corporate
Greek Titan Cement Set for 10 per cent buyback16 May 2005, Published under Cement NewsGreek cement maker Titan Cement approved at a general shareholders’ meeting, held on May 12, 2005, a 10 per cent share buyback involving both common and preference shares in a move to support its share price. The shares will be bought back at a price range between Euro 2.0 and Euro 28 per share. Shareholders also approved a dividend payment of Euro 0.52 per share on the 2004 earnings. |
Cementos Molins posts lower profits16 May 2005, Published under Cement NewsSpanish cement maker Cementos Molins, based in the Catalan region, northeastern Spain, posted a net profit of Euro 17.2m for the first quarter 2005, compared to a net profit of Euro 20.2m for the same period of 2004, the company informed Spanish securities regulator CNMV on May 13, 2005. The decrease in net profit was attributed by Cementos Molins to the higher financial costs to cover its debt. The EBITDA of Cementos Molins totalled Euro 38m. The turnover of the company stood at Euro 129m... |
Saudi Qassim Cement Q116 May 2005, Published under Cement NewsSaudi cement producer Qassim Cement Company (QCC) posted a net profit of 58.6 mln Saudi riyals (US$15.6m) for the first quarter of 2005, up 3.8 per cent year-on-year. The company registered a 23.7 per cent rise in total operating expenses to 3.6 mln riyals ($960,000) in the first three months of 2005. Gross profit grew 2.1 per cent to 61.7 mln riyals ($16.5m) for January to March 2005. QCC’s total assets stood at 1.357 bln riyals ($362m) at end-March 2005. |
Shree Cement announces resignation of director16 May 2005, Published under Cement NewsExchange, Mumbai (BSE) made the following corporate announcement: Shree Cement Ltd., has informed BSE that Shri K.N. Memani, a Director of the company has resigned from the Directorship of the company on May 12, 2005. |
Cementir: weaker Italian performance offset by...13 May 2005, Published under Cement NewsHelped by the acquisitions from FLS Industries last year, Cementir increases its first quarter turnover by 140.8% to €171.7m and the operating profit at the EBITDA level rose by 65.0% to €25.9m. Turnover from grey and white cement rose by 77.2% to €110.2m, accounting for 64.2% of the total, while sales from ready-mixed concrete jumped from just €9.2m to €61.5m. However, given the shift in the net interest item from a positive €2.1m in the first quarter of last year to a negative €2.2m this ... |
Saudi Yamama Cement Q113 May 2005, Published under Cement NewsSaudi cement producer Yamama Cement Company (YCC) posted a net profit of 102.8 mln Saudi riyals ($27.4m) for the first quarter of 2005, up from 98.3 mln riyals ($26.2m) in the year-ago period. The company registered a 7.3 per cent year-on-year rise in gross profit to 112.4 mln riyals ($30m) in the first three months of 2005. Operating income grew 4.2 per cent to 103.5 mln riyals ($27.6m) for January to March 2005. |
Higher demand pushes Holcim Romania Q113 May 2005, Published under Cement NewsHolcim Romania, a unit of the Swiss cement company Holcim Ltd., said on Thursday its first-quarter turnover rose 10 per cent year-on-year as a result of higher demand on the local cement market. Holcim Romania posted Euro 16m in sales through March, the company said in a statement. The company did not disclose profit/loss figures. Its 2004 turnover reached Euro 130m, up by 30 per cent. Projections for 2005 forecast its growing by some 10 per cent. The cement market was estimated at some Eur... |
Titan looks to the USA and Bulgaria for growth in 200512 May 2005, Published under Cement NewsTitan’s turnover in the first quarter of 2005 grew by 4.3% to EUR 57.3m and the operating profit at the EBITDA level was 1.4% higher at EUR 57.3m. Excluding exchange rate movements, these increases amounted to 7.5% and 3.9% respectively. Group cement volumes were unchanged at 3Mt, with lower domestic deliveries in Greece being compensated by higher deliveries in the United States and in Bulgaria. Reductions of group shipments of aggregates and ready-mixed concrete of around 4% and 8% respe... |
Cementos Lemona EUR 3.53m 1Q net profit12 May 2005, Published under Cement NewsSpanish cement maker Cementos Lemona posted a net profit of EUR 3.53m (US$4.54m) for the first quarter 2005, a surge of 58.3% YoY, the company said. The revenue of the cement maker totalled EUR23.5m up 21 per cent. EBITDA of the company reached EUR7.7m, soaring 57.8 per cent. Sales stood at 182,226t over the period, up 15.7 per cent. Domestic sales remained nearly unchanged from the respective period of 2004, while exports marked a significant increase, according to the company. Cemento... |
UAE Sharjah Cement net profit surges 140% YoY12 May 2005, Published under Cement NewsThe net profit of UAE cement producer Sharjah Cement and Industrial Development Company surged 140% YoY to AED60.11m (US$16.4m) in the first quarter of 2005. Earnings per share (EPS) rose to AED0.189 (US$0.051) in the first three months of 2005 from AED0.079 (US$0.022) in the year-ago period, according to the Kuwait Stock Exchange (KSE), where the company is traded. The company’s net profit for the first quarter of 2005 included a loss of 324,000 dirhams (US$88,200) resulting from the app... |