Corporate

22 January 2007

Higher sales boost UltraTech Cement net to Rs 212 cr

UltraTech Cement’s net profit for the third quarter of the fiscal soared to Rs 212 crore from Rs 24 crore a year earlier

22 January 2007

Siberian Cement’ Splits Shares

Federal Financial Markets Service registered the issue of ordinary nominal shares of the holding company ’Siberian Cement’ (Kemerovo).

19 January 2007

JK Lakshmi Cement’s net profit growth of 386%

JK Lakshmi Cement Ltd., one of the top manufacturers of cement in North India has posted an exceptional growth for the quarter ended December 31, 2006

19 January 2007

Shree Cement reports 272.42 % rise in net profit

Shree Cement on Thursday reported a 272.42 % rise in net profit at Rs 104.13 crore for the third-quarter (Q3) ended December 31, 2006,

18 January 2007

Prism Cement jumps on profit surge

Prism Cement recorded nearly 10 per cent gain to close at Rs 41.60, following the announcement of a fifteen-fold jump in December quarter profits.

18 January 2007

Extra items expected to drag down 4Q06 earnings

When Siam Cement (SCC) announces its 4Q06 earnings on Jan 24, the company’s results will be disappointing with a 22% QoQ drop in net profit to Bt5,918m.

18 January 2007

TPI Polene sees higher 2007 net profit

TPI Polene , Thailand’s third largest cement firm, said on Thursday it expected growth in net profit this year, despite analyst forecasts of a fall, due to lower energy costs.

17 January 2007

Readymix predicts 28 per cent profit surge

Profits at cement group, Readymix, are expected to surge by 28 per cent for 2006, the company said this morning in a trading update to the Irish Stock Exchange.

17 January 2007

PCLA Cement Maker Wants to Withdraw its Shares from Public Trading

Cement producer Povazska Cementaren a.s. Ladce (PCLA) decided is withdrawing its shares from the Bratislava Stock Exchange (BCPB)

17 January 2007

Dalmia Cement Q3 net profit jumps by 453 per cent

New Delhi, Jan 16 (PTI) Dalmia Cement (Bharat) Ltd today reported a more than five-fold jump in its net profit at Rs 64.84 crore

17 January 2007

Orascom in Tarmac bid rumours

Egyptian conglomerate Orascom is rumoured to have had a £1.5bn offer for Tarmac turned down.

16 January 2007

Dalmia Cement net jumps 5.53 times for Dec`06 qtr

Dalmia Cement (Bharat) disclosed a 5.53 times jump in net profits to Rs 648.40m for the quarter ending December 2006 from Rs 117.20m for the December 2005 qu

15 January 2007

Thailand’s TPI Polene: lower interest costs and forex gain to boost 4Q06 earnings

TPI Polene (TPIPL) is expected to post impressive 4Q06 earnings next week of Bt531mn (EPS of Bt0.26), up 87% yoy but down 28% QoQ.

12 January 2007

Jaiprakash Associates 3Q results

Jaiprakash Associates has released its 3Q earnings, reporting net profit at Rs 102 crore (Rs 1.02 billion) as against Rs 56 crore (Rs 560m) in the same quarter of earlier year.

11 January 2007

New head of Castle Cement, UK

A new managing director has been appointed at Castle Cement’s Padeswood site in Flintshire.

10 January 2007

Holcim picks up 1.65 per cent stake in GACL

Holcim has picked up further 1.65 per cent stake in Gujarat Ambuja Cements Ltd (GACL) for Rs 307.46 crore in open market transactions.