Cement News tagged: Corporate
French Vicat
French building materials supplier Vicat SA posted a Euro 125.67m net profit for 2003, a 4.2 per cent year-on-year increase, it was reported on May 6, 2004. Net profit per share reached Euro 8.06m,
CRH makes ’positive’ start
Building materials group CRH told shareholders yesterday that it had enjoyed a positive start to the year, but made it clear that its European markets were still depressed. In a statement to the comp
Cimpor sells debut Euro600m bonds
Portuguese cement company Cimpor - Cimentos de Portugal SGPS SA saw strong demand for a 600 million euro seven-year bond on Wednesday, its debut in the corporate bond market. Issuance in the investme
Lafarge North America Inc
Lafarge North America has recorded a first quarter 2004 net loss of $70.8m, or 96 cents per share diluted. The results compare to a net loss of $87m, or $1.19 per share diluted, in the first quarter o
St. Lawrence Cement posts bigger 1st-quarter loss
St. Lawrence Cement Group Inc posted a bigger first-quarter loss on Tuesday, as lower cement prices and higher operating expenses offset an increase in sales. The Montreal-based company said it lost
Egyptian National Cement approves
The general shareholders’ meeting of Egypt’s National Cement Company (NCC) approved on May 3, 2004 the company’s draft budget for the fiscal 2004/05, ending June 30, 2005, eyeing a n
Ciments Francais back to profit Q1 2004
French building materials producer Ciments Francais, 74.7 per cent owned by Italian cement group Italcementi, swung to a net profit in the first quarter of 2004, due to good weather conditions posting
Indocement net loss
JAKARTA: Cement maker PT Indocement Tunggal Prakarsa said it sustained a net loss of Rp2.99 billion (US$348,800) in the first quarter of this year as against a net profit of Rp231.6 billion in the sam
Holcim Slovakia
The board of directors of the largest cement producer in Slovakia, the joint-stock company Holcim (Slovensko) proposed not to pay dividends from last year’s profit. The board of directors propos
Kuwaiti to sell
Kuwaiti state-run Kuwait Investment Authority (KIA) will sell its stake in the UAE cement maker Gulf Cement Company at a public auction, it was reported on May 3, 2004. The authority, which holds som
Vinay Cement, India
Vinay Cements Limited and RCL Cements Limited, a part of the BK Group of companies, have good times following a huge demand from the housing and infrastructure sector. The combined installed clinker c
RMC says trading similar to last year, on track for earnings recovery
RMC Group PLC said that with nearly four months gone this year, nothing has caused the company to change its view that, with the exception of Germany and the US, trading conditions will be similar to
Lafarge’s first quarter volumes benefit from kinder weather
Lafarge has announced a turnover for the first three months of the year of EUR2,881m, an increase of 7.1% in absolute terms and of 11.7% at the underlying level, after adjusting for exchange rate move
Grasim: The 4QFY04 cement push
Grasim, the diversified major in the Aditya Birla Group, has posted impressive results for the fourth quarter and full year ended 31st March 2004. While net sales have increased by 13% in FY04, exclud
Good start to the year for Lafarge
Lafarge has reported a first quarter sales increase of 7.1% to EUR2,88m as at March 31, 2004 compared to weak first quarter 2003 sales of EUR2,691m.
DG Khan Cement 9-mth profit rises to Rs91m, Pakistan
D G Khan Cement Company Limited almost trebled net profit to Rs 591.3m in the first nine months of the current financial year against Rs 200.62 million in the same period last year, the company said i