Cement News tagged under: corporate
Eight Year Low for Monarch Cement24 August 2004, Published under Cement NewsEBITDA for The Monarch Cement Company for its quarter ended June 30, 2004 was $4,189,525, a 9.2% decrease over the year earlier same quarter when Monarch Cement generated $4,612,504 in EBITDA. Monarch Cement has generated thirty-four consecutive quarters of positive EBITDA. EBITDA for the most recent quarter also reached a eight year low. For Monarch Cement’s twelve months ended June 30, 2004 EBITDA was $16,934,204, compared with $19,283,502, a 12.2% decrease over the comparable year ear... |
Maltsovsky Portland24 August 2004, Published under Cement NewsIn Jan-July 2004, Maltsovsky Portland Cement, Russia largest cement maker, produced 2Mt of cement. In June 2004 the company hit a record high output of 406,000t of cement. Maltsovsky Portland Cement plans to produce more than 3.7Mt of portland cement, up by about 200,000t against the same period 2003, the company’s press-service reported |
Siam Cement to hold line on prices24 August 2004, Published under Cement NewsThe Siam Cement Group, the country’s largest industrial conglomerate, may cap the prices of its products for 12 months despite rising operating costs due to higher fuel prices, according to group president Chumpol NaLamlieng. "If we increase product prices immediately in line with rising costs, public sentiment may be severely affected and consumer purchasing power could drop rapidly. So, a better approach would be to delay raising prices as long as possible or hike them gradually," he said... |
Turkish H1 2004 financials24 August 2004, Published under Cement NewsTurkish cement producer Akcansa Cimento posted a net profit of 34.3 trln Turkish lira ($23.25m/18.9 mln euro) for the first half of 2004, compared to 4.75 trln lira ($3.22m/2.62 mln euro) for the same period of 2003, the company said on August 23, 2004. Akcansa is part of the cement division of Sabanci Holding. The division also comprises Cimsa, Oysa and Karcimsa. Turkish cement producer Cimsa reported a net profit of 18.84 trln lira ($12.77m/10.38 mln euro) for the first six months of 2... |
Subterfuge at Semen Gresik24 August 2004, Published under Cement NewsAccording to the Jakarta Post, There is only a very slim chance that Indonesia might win its dispute with Mexican cement company Cemex SA over the foreign firm’s investment in state-controlled PT Semen Gresik (SG), which is undergoing arbitration proceedings at the International Center for the Settlement of Investment Disputes (ICSID) in Washington. An out-of-court settlement is thus the best, least costly solution, as opposed to a messy, costly and protracted litigation process. After a... |
Wienerberger improves first half margins23 August 2004, Published under Cement NewsFirst half turnover at Wienerberger rose by 15.1% to €837.6m and the EBITDA improved by 22.6% to €185.8m, while, after adjusting for changes to accounting policy, the trading profit emerged 35.1% higher at €120.4m. In the central and eastern European division, turnover increased by 18.4% to €231.7m, with the EBITDA margin improving from 27.1% to 28.6%. Sales were ahead in all countries except for Slovakia, Croatia and Bosnia-Hercegovina, while the strongest growth was seen in Poland, Hungary... |
Holcim to report23 August 2004, Published under Cement NewsHolcim is due to report its H1 results at 6am London time on Friday 27 August. Analysts at JP Morgan expects it to report around a 7% increase in sales, 17% growth in operating profit and 29% higher earnings. JP Morgan are assuming that growth will have slowed in the second quarter. Q1 2004 benefited from an easier comparative, as Q1 2003 was negatively impacted by poor weather in the northern hemisphere. As far as we are aware there was not be a significant weather distortion in the se... |
Chia Hsin Cement 1H Net +81% on strong prices23 August 2004, Published under Cement NewsHong Kong-listed Chia Hsin Cement Greater China Holdings Corp, one of the largest Taiwanese-owned cement makers operating in China, said its first-half net profit rose 81% from a year earlier, boosted by high cement prices and cost-control measures. Net profit for the six months ended June 30 totaled $12.3 million, up sharply from $6.8 million in the year-ago half. Revenue rose 25% to $44.1 million from $35.2 million. "There was strong demand in the first half for high-grade cement desp... |
Chia Hsin thrives on price rise20 August 2004, Published under Cement NewsCement maker Chia Hsin Cement Greater China Holding Corp saw net profit jump 80.73 per cent to US$12.29m in the first six months of this year, its first interim results since going public last year. Executive director Elizabeth Wang Li-shin said yesterday the group’s cement prices were 30 per cent higher in the first half. "Higher cement prices in the second half of last year spilled into the first half of this year," chief executive Jason Chang said. "Despite the prices going down s... |
Investors dwell on Boral’s uncertainties19 August 2004, Published under Cement NewsAnalysts were divided yesterday over Boral’s outlook, but the market seems to be voting with its feet. The company posted a bumper 2004, and gave an outlook that exceeded a number of analysts’ expectations, resulting in upgrades to 2005 earnings forecasts. But the stock has slumped 3.7 per cent since to close at $6.98 yesterday. Perennial Value Management portfolio manager Hugh Giddy said the falls were "a bit mystifying". "It’s classic profit-taking," he said. Investors ran the stock ... |