Corporate

26 August 2008

Portugal Cimpor 1H08 profit seen down 10.7%

Cimpor is seen to post a 10.7 per cent annual drop in the first-half of 2008 net profit to EUR117.6m, estimates of five analysts polled by Reuters and cited by Jornal de Negocios showed on August 25,

26 August 2008

Russia’s RTM replaces CEO after stake sale

Russian real estate firm RTM said on Monday it was replacing General Director Eduard Vyrypayev after selling a large stake to new investors.

26 August 2008

Jidong Cement H1 revenue hiked 39.59% annually

Shenzhen-listed Tangshan Jidong Cement Co, Ltd reported CNY 2.232bn revenue for the first half of 2008, surging 39.59% YoY.

22 August 2008

Portuguese Semapa 1H08 profit drops 22 per cent YoY

Portuguese industrial conglomerate Semapa closed the first half of 2008 with a net profit of EUR55.7m (US$82.7m), down 22 per cent YoY,

22 August 2008

Pakistan’s Lucky Cement year net profit up 5.1 per cent

Pakistan’s biggest cement maker, Lucky Cement, posted a better-than-expected 5.1 per cent rise in its full-year net profit on Thursday.

21 August 2008

Adelaide Brighton says looking at Cemex Humex arm

Australian cement producer Adelaide Brighton Ltd Managing Director Mark Chellew said the group would look at the Humes concrete pipes business that Cemex is looking to sell.

20 August 2008

Holcim: The Capital Group Has 5% Voting Rights Stake

Holcim Ltd said Wednesday that The Capital Group Cos., Inc. holds slightly more than 5% of its voting rights.

19 August 2008

Boral full-year profit falls 18.6 per cent on US housing slump

Boral Ltd’s full year net profit has dropped 18.6 per cent, dragged down by an earnings loss at its US business, which is likely to worsen this year on that country’s ongoing housing slump

19 August 2008

Adelaide Brighton cements boardroom changes

Adelaide Brighton Ltd has announced the retirement of director David Barro from its board, effective today.

15 August 2008

TPI Polene plans THB6.9B provision in 3Q for fine

Thai producer TPI Polene plans to set aside a THB6.9bn (US$204m) loss provision in the third quarter for a fine stemming from a stock manipulation conviction

15 August 2008

CRH appoints finance director designate

CRH plc, the international building materials group, announces the appointment of Mr. Glenn Culpepper as Group finance director designate.

15 August 2008

Egypt’s Amreya Cement H1 net profit surges 83%

Egypt’s Amreya Cement posted a net profit of E£193.8m (US$36.4m) in the first half of 2008, a 83 per cent rise on the previous year, the stock exchange said on Thursday.

14 August 2008

CMVM restarts investigation of Cimpor Purchase

Portugal’s stock market regulator CMVM decided to start again the investigation of the possible coordination between shareholders of local producer Cimpor from 2001

14 August 2008

Cementos Argos sells COP70bn in one year notes

Colombia’s largest cement company, Cementos Argos SA , Wednesday sold COP70bn (US$38m) worth of commercial notes, said Bancolombia’s (CIB) investment bank, which handled the sale.

13 August 2008

Misr Beni Suef Cement H1 net declines 0.8 per cent

Egypt’s Misr Beni Suef Cement posted an 0.8 percent decline in net profit in the first half of 2008 to E£150.5m (US$28.4m), the stock exchange said on Tuesday.

12 August 2008

Cement giant Lafarge posts profits boost

Cement supplier Lafarge has posted an 18.5 per cent profits rise as cost-cutting and acquisitions cushioned the blow of construction market gloom.