Cement News tagged under: corporate
CRH improves first half margins02 September 2004, Published under Cement NewsFirst half turnover rose by 21.6% to EUR5,670.4m and the operating profit at the EBITDA level advanced by 35.3% to EUR624.4m, with the trading profit jumping by 57.2% to EUR384.6m. Excluding acquisitions and exchange rate effects, turnover rose by 8.3% and the trading profit by 28.5%. The improvement in margins reflected better weather in both North America and Europe as was well as a modest overall improvement in the markets served by the group. Construction activity in the Republic o... |
RMC 1H net drops 63%02 September 2004, Published under Cement NewsRMC Group Plc said first-half profit fell 63 per cent as a decline in UK road building hurt demand. Net income dropped to UK£21.2m (US$38m) from UK£57.7m a year earlier. Revenue fell eight per cent to UK£2.17bn, the company said. Chief Executive David Munro, 48, who took over in January, is reviewing RMC’s businesses as he looks for cost cuts to counter flagging sales in the U.K. The company has already eliminated 6,000 jobs or 18 per cent of its workforce. “The disappointment ha... |
Titan completes Pennsuco enlargement early01 September 2004, Published under Cement NewsTitan’s first half turnover increased by 7.9% to EUR5261.7m, which represents a 12.4 per cent advance at constant exchange rates. The operating profit at the EBITDA level rose by 19.5 per cent to EUR144.2m, which represents a 22.3 per cent improvement excluding exchange rate movements, while the pre-tax profit advanced by 56.2 per cent to EUR101.7m. Group shipments of cement and clinker rose by around nine per cent to 6.7Mt and the aggregates volume rose by a similar percentage to 10.7... |
CIDEM Hranice sells three brick plants31 August 2004, Published under Cement NewsWienerberger is to acquire an additional three brick works in the Czech Republic from CIDEM Hranice on the first of October. The three plants have a combined capacity of 75m standard format hollow bricks and generated a turnover of €5.8m lost year. The deal will take Wienerberger into northern Moravia for the first time and two of the works, Kunin and Hrachovec, are located near Hranice, with the third plant being at Stilty, some 65 km to the north-west of Olomouc. Wienerberger is also inv... |
H+H boosts first half margins31 August 2004, Published under Cement NewsAerated concrete producer H+H International pushed ahead the operating profit at the EBITDA level by 32.8% to DKr.152.6m (€20.5m) on a turnover 7.2% higher at DKr.684.2m (€92.0m) in the first six months of 2004. Helped by a more than halving of the interest charge to DKr.3.1m (€0.4m), the pre-tax profit jumped by 58.8% to DKr.114.3m (€15.4m). Great Britain is the main contributor, accounting for 56.3% of turnover and 69.3% of the EBITDA. In spite of volumes being slightly lower than in the... |
Holcim raised first half margins31 August 2004, Published under Cement NewsFirst half turnover at Holcim emerged at Sw.Fr.6,317m (€4,075m), an increase of 8.8%, or 9.8% if measured in local currencies. The operating profit at the EBITDA level rose by 12.6% to Sw.Fr.1,720m (€1,110m), which represents a 14.8% advance in local currency terms. At the trading level, the profit advanced by 21.2% to Sw.Fr.1,071m (€691m). Helped in part by the rights issue to finance buying out most of the minority in the Mexican subsidiary Apasco, the gearing level fell from 100.2% at ... |
Cemex is in good shape to fight for Loma Negra31 August 2004, Published under Cement NewsCemex, the third largest cement producer at global level, would be prepared to invest an additional US$1 billion not accounted for in its 2004 budget if it decided to participate in the bidding process of Loma Negra, Argentina’s main cement firm, reported analysts. "Among the potential buyers we have Lafarge and Cemex; Holcim cannot participate because it has a 34% market share and it would have problems with authorities due to an excessive market concentration," said Carlos Perezalonso, an ... |
RMC Group braced for sharp drop in UK profits31 August 2004, Published under Cement NewsInvestors are bracing themselves for a sharp drop in profits from RMC Group PLC’s UK operations in the first half of 2004 when the company reports Thursday as lower roads spending by the UK’s Highways Agency and problems at its Rugby cement plant will have severely dented first half profitability. In a recent trading update, the group said that lower spending on asphalt products -- where consumption has fallen 10 pct -- and reduced demand for sand and gravel and hard rock products would ... |
Lafarge Malayan Cement Q2 net profit falls31 August 2004, Published under Cement NewsLafarge Malayan Cement Bhd said its second-quarter to June net profit fell to 24.83 mln rgt from 37.71 mln a year earlier after sales dipped to 443.38 mln rgt from 447.45 mln, with domestic demand for cement easing as a result of slower construction activities. In the notes accompanying its results, the company attributed the slower construction activities to the supply constraint in steel bars and the completion of several large infrastructure projects. "The lower cement demand led to ... |
Alexandria Portland Cement Releases 1H31 August 2004, Published under Cement NewsAlexandria Portland Cement released 1H FY04 results ending June, in which consolidated net income recorded LE22.6 million, compared to a net loss of LE29.6 million in the comparable period last year. Revenues, on the other hand, surged 74.5% reading LE167.7 million up from LE96.2 million, thanks to flourishing cement prices and firing the company’s new 1.8Mta production line. |