Cement News tagged under: corporate
Egyptian Misr Cement Qena posts profits08 November 2004, Published under Cement NewsThe net profit of Egyptian cement producer Misr Cement Qena soared 150 per cent year-on-year in the first nine months of 2004 to Egyptian Pounds 53.48m (US$8.6m). The jump in bottom-line profit followed a 35.4 per cent increase in operating revenue to 232.68m pounds (US$37.5m). The cost of goods sold rose 21.6 per cent to 140.59m pounds (US$22.7m), and gross profit surged to 92.08m pounds (US$14.9m) from 56.32m pounds (US$9.1m). |
Kuwait Portland Cement Jan-Sept 200408 November 2004, Published under Cement NewsKuwaiti cement trader Kuwait Portland Cement posted a net profit of 5.85m Kuwaiti dinars (US$19.9m) for the first nine months of 2004, a decrease from 10.64m dinars (US$36.1m) in the same period of 2003. Earnings per share (EPS) totalled 82 fils (US$0.27) in the first nine months of 2004, against 150 fils (US$0.5) in the year-earlier period. The net profit for the period January to September 2004 included 882,344 dinars (US$3m/2.3m euro), resulting from the application of the International ... |
Ciment Francais lifts 9m net profit08 November 2004, Published under Cement NewsFrench cement maker Ciments Francais posted an 8.7 per cent rise in nine-month net profit on Friday partly due to a reduction in financial costs and an increase in the contribution from equity-accounted companies. Ciments Francais, controlled by Italy’s Italcementi, said January-September net profit totalled Euro 210.7m compared with Euro193.9m a year ago. It said that given the good performance of the first nine months of the year, profits for the full year should improve, excluding ex... |
Italcementi net profit down Jan-Sept 200408 November 2004, Published under Cement NewsThe Italian cement producer and distributor Italcementi S.p.A. ended the first nine months of 2004 with a consolidated net profit of Euro 222.2m (US$286.4m), down by 3.5 per cent year-on-year, it was reported on November 5, 2004. Italcementi generated a consolidated revenue of Euro3.4bn (US$4.382bln) for January to September 2004, up by 5.9 per cent year-on-year. The company’s net profit for the third quarter of 2004 dropped by 14.3 per cent YoY to Euro 92.7m euro (US$119.5m), while its rev... |
Saudi Eastern Province Cement08 November 2004, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPC) posted a net profit of 214.9m Saudi riyals (US$57.3m) for the first nine months of 2004, up 9.1 per cent YoY. EPC’s pre-tax profit for the period included operating profit of 190.1m riyals ($50.7m/39.3m euro), up 1.0 per cent, and other income of 30.2m riyals (US$8.1m). Operating expenses increased 0.7 pct to 21.6 mln riyals (US$5.8m). |
Holcim comfortably ahead after nine months08 November 2004, Published under Cement NewsHolcim increased turnover by 6.6% to Sw.Fr.10,017m (€6,463m) in the first nine months of 2004, an increase of 6.6%. The operating profit at the EBITDA level advanced by 15.3% to Sw.Fr.2,792m (€1,801m). In constant currency, these increases amounted to 8.8% and 13.1% respectively. The trading profit was up by 15.3% at Sw.Fr.1,787m (€1,153m). The cement and clinker volume for the period amounted to 77.3m tonnes, an increase of 9.6%, of which 5.0% represented organic growth and the remainin... |
Cash-flush PPC declares R1-billion in dividends05 November 2004, Published under Cement NewsPretoria Portland Cement (PPC) has celebrated an outstanding trading year to end September by declaring total dividends of more than R1bn. SA’s largest cement and lime producer reports exceptionally strong cash flows and has declared a final dividend of 700 cents (2003: 550 cents) a share. PPC’s capital expenditure is planned to remain low next year. It has therefore also declared a special dividend of 1 400 cents (650 cents) a share. Together, the dividends amount to a cash payout of R1... |
Philippine Republic OKs Cement Co Acquisition04 November 2004, Published under Cement NewsRepublic Cement Corp said its stockholders have approved the acquisition of Continental Operating Corp. Continental is the local cement unit of Republic Cement shareholder, Lafarge. Republic Cement said it will finance the purchase with 10-year convertible loan notes that will have a face value of PHP1.35 billion and carry an interest rate of 8 per cent a year. Lafarge can convert the notes to 1.35 billion common shares in Republic Cement, which - if it chooses to do so - will increase th... |
Associated Cement Companies04 November 2004, Published under Cement NewsThe management of Associated Cement Companies (ACC) held a conference call to discuss their quarterly and half-yearly results. The company mentioned that it owed its good performance in Q2 FY05 to better realizations and control over costs. Going forward, the company expects increase in realizations from November 2004 onwards. ACC management mentioned that the industry sailed through the monsoons without softening of prices, which is a good sign. Prices in east India have not moved up ... |
UAE Umm Al-Qaiwain Cement Industries04 November 2004, Published under Cement NewsThe net profit of UAE cement manufacturer Umm al-Qaiwain Cement Industries Company surged to 6.4 mln Kuwaiti dinars ($21.7m) for the first nine months of 2004 from 1.9 mln dinars ($6.4m) in the year-ago period, it was reported on November 4, 2004. The company’s net profit for the first nine months of 2004 included a profit of 3.3 mln dinars ($11.2m) resulting from the application of the International Accounting Standards (IAS) 39 and 40, which state how proceeds from securities and property ... |