Corporate

27 February 2015

Adelaide Brighton reports record net profit

Adelaide Brighton reported record sales and net profit after tax of AUD1337.8m and AUD172.7m, respectively, for the year ended 31 December 2014. Revenue increased 8.9 per cent and net profit by 14.3 per cent YoY. Adjusting for a number of one-off items, underlying net profit after ta...

27 February 2015

PIBTL board approves terminal capacity expansion, Pakistan

The board of directors of Pakistan International Bulk Terminal Ltd (PIBTL) on Wednesday approved the expansion of overall handling capacity at the terminal from 12Mta to 16Mta. PIBT is being set up as the country’s f...

27 February 2015

Suez Cement Group sees 4Q gains

With improved market conditions, Suez Cement Group of Companies (SCGC) of Egypt saw a 2.5 per cent increase in fourth-quarter revenues to EGP1.539m and progress in EBITDA which gained 11.5 per cent to EGP300m. Net pr...

27 February 2015

Spain: Portland Valderrivas reduces full-year loss

Cementos Portland Valderrivas reported a EUR52.3m loss in 2014, around 27.3 per cent less than the previous year. The company attributed the improved result to the recovery of the Spanish economy which was reflecte...

27 February 2015

FECTO reports first-half loss, Pakistan

Pakistan-based cement producer FECTO Cement reported a 10.22 per cent drop in profit for the first six months of the current fiscal to PKR284.6m (US$2.8m). In a communication to the Karachi Stock Exchange, FECTO rep...

27 February 2015

CRH earnings up 11%

CRH’s turnover increased by 4.9 per cent in 2014 to EUR18,912m while the EBITDA advanced by 11.3 per cent to EUR1641m. The trading profit before charging EUR49m of impairments rose by 28.8 per cent to EUR966m. The n...

26 February 2015

Cementos Argos’ net profit surges 59%

Colombia’s leading cement producer, Cementos Argos, said net profit jumped 58.8 per cent YoY in 2014, closing the year with record figures. Profit was up to COP291bn (US$145m), compared with the COP183bn registered...

26 February 2015

Caribbean Cement Co returns to pretax profit

Caribbean Cement Company Ltd (CCCL) posted a pretax profits of $255m compared to a loss of $3m the previous year. The company said its performance was assisted by a new record year for sales which climbed from $12bn...

26 February 2015

Holcim Philippines income and revenues rise 13% YoY

Holcim Philippines posted another record performance last year with a double-digit rise in sales on the back of strong and private infrastructure spending. The company said that its net income rose by 13 per cent t...

26 February 2015

Kuwait: Hilal Cement books full-year net loss

Kuwaiti cement producer Hilal Cement booked a net loss of KWD374,000 (US$1.3m) in 2014, versus a net profit of KWD518,500 a year earlier, the company said in a bourse statement. The loss per share stood at 5 fils, c...

26 February 2015

Egypt: ACC secures loan to part-finance expansion

Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing. The loan is to be repaid over a period of five years, including a one-year grac...

25 February 2015

TCL reports full-year loss

Trinidad Cement Ltd recorded a loss of TTD211m for last year, as the company wrote down the value of its investment in Arawak Cement Company (Barbados) by TTD153m and in deferred tax assets by TTD86m. TCL chairman...

26 February 2015

Dalmia Bharat increases stake in OCL India

Dalmia Bharat has increased its stake in OCL India, one of the largest cement entities in eastern India with plants in Orissa and West Bengal. “The company’s subsidiary Company, Dalmia Cement (Bharat) Limited on Feb...

25 February 2015

Dewan Cement sales rise 23% YoY

Pakistan-based Dewan Cement Ltd (DCL) reported a 1.46 per cent decline in half-year profit to PKR202m (US$1.98m) compared to PKR202m a year earlier.  However, sales increased by 23 per cent from PKR4.4bn to PKR5.4...

25 February 2015

Upbeat outlook for Siam Cement PLC

Kasikorn Securities (Thailand) has reinitiated coverage of Thai conglomerate Siam Cement PLC with an 'Outperform' rating due to renewed optimism in domestic cement consumption and further improvement in its chemical ...

26 February 2015

Holcim to sell Siam City Cement stake, Thailand

Siam City Cement PCL (SCCC), Thailand's second-largest cement maker, said on Monday Holcim has decided to sell its 27.5 per cent stake in the company. SCCC said in a statement that Thai Roc-Cem Ltd, Holcim's indirec...