Cement News tagged under: corporate
Cementos Lima - profit up26 July 2004, Published under Cement NewsPeru’s leading cement producer Cementos Lima posted a 51.8m-sol (US$15.2m) net profit in the first half, up 2.6 per cent from 1H03, according to information filed with the country’s securities regulator (Conasev). For the period, net sales rose 3.66 per cent to 286m soles and operating profit dropped one per cent to 76m soles. Earlier this month, Cementos said it would go ahead with a project to build a US$24m, 6.5km transporter to take cement from its Atocongo plant in capital Lima to a wa... |
Pushka ends in profits26 July 2004, Published under Cement NewsUkrainian cement group Pushka has seen its income rise by 14.9 per cent or UAH 15.134 million to UAH 116.525 million. This was disclosed in the "TOP 100" list of Ukrainian enterprises with largest profits, annually published by the Investgazeta newspaper. As Ukrainian News earlier reported, its capacities for cement production constitute 580,000t clinker. In 2004, the Inteko company (Russia) bought 90 per cent of the shares in Pushka. |
Indonesia set to settle dispute with Cemex26 July 2004, Published under Cement NewsThe government will continue to seek out of court settlement for its long dispute with Cemex Asia over the divestment of the share of cement factory PT Semen Gresik. Cemex holds 25 per cent of the shares of the state-owned cement maker and dispute arose when the government failed to divest the majority share of PT Semen Gresik as arranged in contract as its subsidiary PT Semen Padang refused to be sold to foreign investors. Minister for State Enterprises Laksamana Sukardi said the governmen... |
Tabuk Cement rises to US$15.6m26 July 2004, Published under Cement NewsSaudi cement producer Tabuk Cement Company (TCC) posted a net profit of 58.5 mln Saudi riyals (US$15.6m) for the first half of 2004, up by 75 per cent year-on-year. TCC’s sales stood at 140 mln riyals (US$37.3m), up 34 per cent, while operating revenue rose 79 per cent to 59.4 mln riyals (US$15.8m). The company’s total assets stood at 1.1 bln riyals (US$293m), down 2.4 per cent, while shareholders’ equity increased 3.6 per cent to 848.5 mln riyals ($226.3m). |
Ciments Francais moves up26 July 2004, Published under Cement NewsH1 Sales came in at Euro 1524m, up 7.1% on last year and 0.8% above Deutsche Bank forecasts. Like for like sales were up 9.5%. Similar to Lafarge cement proved to be the main driver with like for like sales up 10.8% vs. 7.7% for aggregates. Q2 sales were up 6.3% vs. 7.9% in Q1 as the weather effect begins to dilute. The company flagged that sales were particularly healthy in France, the US and Bulgaria. France recorded strong growth up 9.6% on a like for like basis as did North America ... |
Ciments Francais H1 2004 turnover up, France23 July 2004, Published under Cement NewsCiments Francais, controlled by Italian cement producer and distributor Italcementi S.p.A., ended the first half of 2004 with a turnover of EUR1.52bn (US$1.864bn), a 7.1 per cent YoY increase. At constant currency exchange rates, the increase would has been 9.5 per cent YoY. The company said it expects improved operating profit for 2004 versus 2003, excluding exceptional items. Ciments Francais’ activities were concentrated chiefly in France, the United States, Thailand and Bulgaria. Ci... |
Calbre Posts EUR241,000 net profit, Italy23 July 2004, Published under Cement NewsItalian concrete and cement products distributor Calbre posted a net profit of EUR241,000 in 2003, compared to a EUR349,000 net profit in 2002. The company, based in Montichiari, in the northern Italian province of Brescia, registered a EUR76.1m) revenue, of which EUR60.7mwere generated from sales of concrete and EUR9.6m from cement. Calbre increased its production value to EUR76.1m from EUR73m. Calbre completed the construction of its new headquarters, in which the company invested EUR1.1m |
Tabuk and Union, Saudi Arabia 1H04 boost23 July 2004, Published under Cement NewsThe net profit of UAE Ras al-Khaimah cement manufacturer Union Cement surged 226 per cent YoY to AED48.9m (US$13.3m) for the first half of 2004. The company’s sales revenue climbed 68.1 per cent to AED144.6m (US$39.4m), while the cost of goods sold increased to AED82m from AED57.3m. As a result, gross profit rose to AED62.6m (US$17m) from AED28.7m (US$7m). Union Cement total assets grew to AED553.2m at end-June 2004 from AED537.6m at end-December 2003. The company’s shareholders’ equity tot... |
Florida Rock Industries, record 3Q23 July 2004, Published under Cement NewsFlorida Rock Industries has announced record net income of $33,050,000 or $.75 per diluted share for the third quarter of fiscal year 2004 versus $22,971,000 or $.53 per diluted share for the same quarter of fiscal 2003. Included in third quarter net income was $1,589,000 or 3.6 cents per diluted share of after tax gain from the sale for $6,500,000 of the Company’s calcium grinding facilities at Frederick, Maryland. Consolidated total sales for the quarter increased 27% to $251,649,000 from... |
Lafarge sees first-half sales climb seven per cent22 July 2004, Published under Cement NewsLafarge, a leading cement manufacturer, stood by its general full-year target after first-half sales rose to EUR6.794 bn from EUR6.350 bn a year earlier, with growth coming from all the group’s divisions. Analysts had forecast sales of EUR6.685-6.846bn for a consensus figure of EUR6.758bn. Lafarge managing director Bernard Kasriel reiterated the group’s target for strong full-year growth in operating profits, excluding foreign exchange effects, but did not provide figures. "We a... |