Corporate

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 net interest charge declined by 1.2 per cent to EUR246m and a EUR77m ga...

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...

24 February 2015

Lafarge uplifts its dividend proposal

Lafarge's Board of Directors has decided to fix the proposed 2015 ordinary dividend at EUR1.27 per share, the company announced in a statement. This adjustment aims at equalising dividends to be paid by Lafarge and ...

26 February 2015

Indonesia: producers' shares fall on Widodo price move

Shares of two of Indonesia’s leading cement producers have lost at least 13 per cent from their July 2014 peak following the decision by the country’s new president to impose price cuts on state-owned cement manufact...

23 February 2015

Holcim sees 3% improvement in like-for-like net sales

Holcim increased net sales by three per cent on a like-for-like basis in 2014. Growth mostly resulted from price improvements in many regions, particularly in North America against a favourable market environment as ...

26 February 2015

Lucky Cement first-half profit up 8.5%

Pakistan's leading cement producer, Lucky Cement, reported a profit after tax of PKR5.6bn (US$55.1m) during the first half of FY14-15 versus PKR5.16bn a year earlier. During the six-month period, net sales rose ni...

23 February 2015

UAE: Gulf Cement net profit down 11.3%

Gulf Cement, which is listed on the Abu Dhabi Securities Exchange, said last week it booked a net profit of KWD4.7m (US$15.9m), down 11.3 per cent from KWD5.3m a year earlier. For the fourth quarter of 2014, the UAE...