Cement News tagged under: corporate
Insurance firm challenges Union Cement purchase04 November 2004, Published under Cement NewsA Philippine insurance company has asked the Securities and Exchange Commission (SEC) to reverse an earlier order exempting the sale of Union Cement Holdings Corp. (UCHC) shares from the mandatory tender offer rule. In a complaint, National Life Insurance Co. (NLIC) said the corporate watchdog should hold that Cemco Holdings, Inc. should have first bought its 45 million shares in Union Cement Corp. (UCC) before it purchased the stakes in Union Cement Holdings of Bacnotan Consolidated Industr... |
Lafarge NAmerica reports lower Q303 November 2004, Published under Cement NewsLafarge North America late Tuesday reported third-quarter earnings of $165.6m, or $2.16 a share, compared with $225.3m, or $3.07 a share, last year. The construction materials supplier reported sales from continuing operations of $1.23bn, up from $1.16bn last year. Lafarge also said the board has approved of spending up to $60m for stock repurchases when its current buyback plan expires on Dec. 31. |
St Lawrence Cement Group Third Quarter Results03 November 2004, Published under Cement NewsSt Lawrence Cement Group reported sales of $428.6m for the third quarter ended September 30, 2004, compared to $401.3m for the same period last year, an increase of 7 per cent. Net earnings were up 11 per cent to $39.2m ($0.94 per basic share), compared to $35.3m ($0.85 per basic share) for the third quarter of 2003. The improved performance resulted from firm pricing for cement, higher sales volumes of aggregates and increased construction services revenues. Cement price increases announ... |
Gezhouba Group earns US$1.89m03 November 2004, Published under Cement NewsThe Shanghai-listed Gezhouba Group Corporation reported main business revenues of RMB 467.14m (USD 56.42m), with total net profits of RMB 15.62m (USD 1.89m) in the third quarter of 2004. Cement production brought in sales of USD50.66m over this same period. New project work, chemicals and explosives the remainder of its US$56.42m of sales. |
Vicat Posts higher Q3 turnover03 November 2004, Published under Cement NewsFrench building materials supplier Vicat SA posted a Euro 432.56m turnover for the third quarter of 2004, a 10.7 per cent year-on-year increase, it was reported on November 2, 2004. Vicat reported a Euro 1.23bn turnover for the first nine months of 2004, a 10.8 per cent year-on-year increase. |
CRH talks to JP Morgan analysts03 November 2004, Published under Cement NewsReporting from a recent Dublin meeting with JP Morgan analysts, they note that although CRH did not talk about current trading as such, they believe the overall tone was that there probably would not be a significant negative hit from higher costs, particularly for 2004. Firstly, regarding US cement, CRH buys about 3.5Mt per year in the US and cement prices have increased from US$77 at the start of 2004 to US$82 currently. Cement is a major input into ready mix concrete, which CRH sells ... |
Birla back in black03 November 2004, Published under Cement NewsThe Birla Group flagship, Birla Corporation Ltd, is back in black with a net profit of Rs13.38 crore for the quarter to September 30, 2004. The company posted a net loss of Rs8.14 crore during the corresponding period of the previous fiscal. Birla Corporation’s operating profit rose by 287 per cent to Rs26.10 crore during the period. The company’s turnover too went up by 17 per cent to Rs328.33 crore, up from Rs 280.93 crore during the corresponding period of the previous fiscal. Birla Co... |
More gains at Oman Cement02 November 2004, Published under Cement NewsOman Cement has posted a 55 per cent increase in net profit at RO9.67 million for the first nine months of the current year ended September 30, 2004. Bashar Saleh Al Dhahir has resigned from the board of directors of Construction Materials. |
Japan’s Sumitomo Osaka Cement cuts forecast02 November 2004, Published under Cement NewsCement maker Sumitomo Osaka Cement Corp said it has lowered its full year to March 2005 net profit forecast to 4.6bn yen from 5. 5bn due to the adverse impact of surging coal and crude oil prices, which pushed up its procurement costs. Sumitomo Osaka Cement also revised an earlier full year to March 2005 current profit forecast of 9.0 bln yen on revenue of 180.0bn down, to 11.4bn current profit, on revenue of 182.5bn. |
Italcementi Q3 net flat to lower02 November 2004, Published under Cement NewsItalcementi SpA’s third quarter net profit, due Friday, is expected to be flat to lower on the lack of last year’s exceptional gains, and on higher energy costs, analysts said. The net will be less than last year because there are no extraordinaries. Last year there was a Euro32m gain. I don’t expect anything similar this year,’ said a local analyst, who asked not to be named. Higher energy costs will partly offset higher sales, he said, adding that Italcementi could reduce the impact of ... |