Cement News tagged: Corporate
Sean Quinn almost doubles turnover
Gross sales at Sean Quinn’s insurance, cement, hotels and glass empire nearly doubled last year to €1bn, according to accounts just filed. Turnover from existing operations came in at €660m. The
WAPCO highlights
West African Portland Cement (WAPCO) PLC which recently concluded its new plant at a cost of Euro 200m notes that its profit and turnover climbed 37 per cent, and 13 per cent, respectively, for the ni
Mexico consumer confidence rises in October
Mexico’s consumer confidence index rose to 103.3 in October from 101.3 in September, the government said on Thursday, despite concerns about the impact on economic growth from two devastating hu
Eagle Materials manages two cement price increases in six months
In the six months to the end of September, Eagle Materials increased turnover by 36.1% to US$426.9m, helped by Illinois Cement Company now being a subsidiary rather than an associate. The group tradi
Italcementi Q3 results to rise as overseas ops offset weak Italy
Italcementi SpA is expected Friday to announce higher sales and results, with a strong performance from its overseas operations more than offsetting weak Italy operations, analysts said.
Eagle Materials Inc reports record second quarter results, USA
Eagle Materials Inc. today reported financial results for the second quarter of fiscal 2006 ended September 30, 2005 and raised its annual earnings guidance.
Semen Cibinong’s losses widen on currency woes, Indonesia
Publicly listed PT Semen Cibinong, the country’s third largest cement producer, posted a loss in the first nine months of this year due to the sharp depreciation of the rupiah against the U.S. d
St Lawrence profits from housing boom
A strong housing and construction sector helped boost St Lawrence Cement Group Inc’s profit and revenue in the third quarter. The cement producer reported yesterday it earned $42.5m or $1.02 a s
French Vicat Jan-Sept 2005 turnover
French building materials group Vicat SA posted a Euro 1.35bn turnover for the first nine months of 2005, up 10 per cent year-on-year. The group reported sales of Euro 482.5m for
OCL India: net profit climbs
In the first half of 2005-06, OCL net profit stood at Rs 22.19 lakh as against Rs 15.68 lakh while the turnover stood at Rs 320.26 crore as against Rs 265.59 crore during the same
Polpaico posts US$19m earnings
Chilean cement producer Cemento Polpaico posted a consolidated 10.3bn-peso (US$19m) net profit during January-September this year, down 9.9 per cent compared to the same year-ago period, the company r
Mediobanca Sells Stake in French Ciments Francais
Italian investment bank Mediobanca SpA has sold it stake in French cement maker Ciments Francais SA, a subsidiary of Italian cement group Italcementi, it was reported on October 28, 2005. Mediobanca
UAE Sharjah Cement profits up
UAE cement producer Sharjah Cement and Industrial Development Company posted a net profit of 220.161 mln UAE dirhams (US$60m) for the first nine months of 2005, up from
Madras Cement net up
Madras Cements has posted a 43.8 per cent jump in net profit, at Rs 18.8 crore for the quarter ended September 30, ’05, compared with Rs 13.1 crore in the corresponding period last year. Topline
Vulcan Materials Reports Record Third Quarter
Vulcan Materials Company, United States, today announced record net sales of US$749m and record net earnings of US$122m, or US$1.17 per diluted share in the third quarter. These amounts represent a 15
JP Morgan to take 25 per cent in Binani Cement
JP MORGAN will acquire 25 per cent stake in Binani Cement Ltd, India as part of a debt and equity arrangement worth Rs 250 crore. The transaction will enable Binani Cement double its cement capacit