Cement News tagged under: corporate
Xinjiang Qingsong Cement Co12 August 2004, Published under Cement NewsShanghai-listed Xinjiang Qingsong Cement Co., Ltd has reported earnings per share of 0.079 yuan for the first half of 2004 ended June 30, down from 0.081 yuan for the same period of 2003. The company’s net profits before deduction of non- current gains and losses in the first half of 2004 reached 14.616 million yuan, as compared with 10.0587 million yuan for the same period of 2003. Its main operating turnover in the first half of 2004 stood at 122.9999 million yuan, up from 105.3165 millio... |
Exchange rates impact Juan Minetti12 August 2004, Published under Cement NewsArgentina’s second largest cement company Juan Minetti (holcim) posted a 31.4mn-peso (US$10.5m) consolidated net profit first half this year, down 71% from 1H03, the company said in a filing to the country’s securities regulator (CNV). For the period, although net sales rose 32.2% to 221mn pesos and operating profit grew 55% to 82.2mn pesos, the bottom line was impacted by exchange rate differences on the company’s debt. In 2003, increased sales and a successful financial restructuring ... |
UAE Fujairah Cement H112 August 2004, Published under Cement NewsUAE cement manufacturer Fujairah Cement Industries Company reported a net profit of 3.42 mln Kuwaiti dinars ($11.6m) for the first half of 2004, up from 1.19 mln dinars ($4.0m) in the same period of 2003. The company’s earnings per share (EPS) rose 12.4 fils ($0.042/0.034 euro) in the first six months of 2004 from 4.3 fils ($0.015/0.012 euro) in the same period of 2003. Fujairah Cement’s net profit increased to 2.29 mln dinars ($7.8m) in the second quarter of 2004 from 675,877 dinars ($2.3m)... |
Holcim italia anti-trust11 August 2004, Published under Cement NewsIn April 2003, the Italian antitrust authority began investigations into market sharing agreements in the ready-mix concrete business in Lombardy. Holcim (Italia) SpA cooperated with the authorities from the outset and has in the meantime taken the necessary organizational measures to ensure that the company conducts its business in line with competition legislation as required by Group guidelines. Before the completion of the investigations Holcim Italy has taken the necessary measures t... |
James Hardie posts 13% jump11 August 2004, Published under Cement NewsJames Hardie Industries delivered a jump in first quarter profits, but warned its Australian sales could be hurt by negative sentiment from an ongoing inquiry into its asbestos liabilities. The embattled building products company Tuesday showed that its underlying business remained strong, posting a 13 per cent rise in operating profit from continuing operations to $US37.1m for the June quarter. James Hardie also said it was comfortable that its full year operating profit would fall in th... |
Mikhailovcement increases output11 August 2004, Published under Cement NewsOutput of Mikhailovcement exceeded 1Mt tons of cement in Jan-July 2004, a 8.6 per cent rise y-o-y. The plant’s bagged products output also grew to 126,000t, a 22 per cent rise versus the same period 2003, EuroCement press-service said. |
Lemminkäinen reports11 August 2004, Published under Cement NewsIn a positive construction environment and thanks to a less severe winter, the leading Finnish building materials and contracting group Lemminkäinen saw first half turnover improve by 14.3% to €640.8m, led by increases of 21.9% in the road surfacing and aggregates division and by 21.3% at building contractor Alfred A. Palmberg. The trading profit jumped from just €0.3m to €14.1m as Palmgren’s profit more than trebled to €16.3m and the seasonal loss in the road surfacing and aggregates divisi... |
Dyckerhoff’s profits shift east10 August 2004, Published under Cement NewsFirst half turnover rose by around 4% to EUR550m after adjusting for changes to the corporate structure, without which there was a 12.7% decline. The EBITDA was around a quarter higher at EUR203m, once the capital gains inserted last year are taken out. Germany represented some 42% of the turnover, but less than 30% of the EBITDA and eastern Europe is now the biggest contributor to profits, ahead of Germany, the US associate and Luxembourg. Capital expenditure was almost 40% lower at EUR27... |
Heracles Cement H1 profit up10 August 2004, Published under Cement NewsGreek cement producer Heracles, majority owned by France’s Lafarge, said first half group pretax profit grew 37.5 percent to EUR55m (US$67.42m). Group sales rose 7.6 per cent to EUR299m, with improved prices lifting domestic sales while exports also increased on an improved product mix, the company said. Greece’s largest cement producer said operating expenses fell 3.1 per cent, with net financial expenses down 68.6 per cent due to a significant drop in net indebtedness. Heracles has three ... |
Readymix posts 20pc pre-tax fall, Ireland09 August 2004, Published under Cement NewsIrish cement maker Readymix has reported a 20 per cent drop in pre-tax profits to EUR9.5m, in the six months ended June 2004. The company, which is controlled by UK-based RMC Group, said that an 11 per cent hike in sales in Ireland did not compensate for a combination of competitive pricing and increasing costs, both of which led to an erosion of margins. Turnover for the group was EUR122.6m, a 6pc increase on the first half of the preceding year of 2003. Sales in Northern Irelan... |