Corporate

13 August 2007

New workers’ agreement at Arawak

Workers at the Arawak Cement Company now have a paternity leave clause and an economic value added (EVA) bonus scheme.

13 August 2007

Shiva Cement to allot shares to IFCI

Shiva Cement Ltd of Orissa has announced that it would allot 10 lakh equity shares

13 August 2007

Torah Cement reports 6 month results

Torah Cement reports 6 month results; posting a net profit of LE 203,340,386 for the period

13 August 2007

Suez and Torah reports H1 07 results

Suez Cement reports 6 months consolidated results; posting a net profit before minority interest

13 August 2007

Egypt’s South Valley recommends stock dividend

The board of Egypt’s South Valley Cement has recommended the company issue a stock dividend

13 August 2007

JK Cement on a firm footing

JK Cement stocks have moved up from Rs 132 to Rs 170 over the past few months. Strong profit growth during the March and June quarters has aided the stock’s appreciation.

13 August 2007

SCCC posts operating results for 2nd Quarter 2007

The consolidated interim financial statements of Siam City Cement Public Company Ltd and subsidiaries for the 2nd quarter periods

13 August 2007

Semen Gresik Plans To Issue US$300M bonds

PT Semen Gresik is planning to issue US$300 million of bonds overseas during the fourth quarter of the year to help finance this year’s investment, a banker familiar with the plan said Monday.

10 August 2007

Torah Cement net profit rises

Egyptian Torah Cement registered a net profit increase to E£203.3m (US$36.1m) in the first half of 2007,

10 August 2007

Will Indian cement sector sustain its growth momentum?

The Indian cement sector was among one of the country’s most robust performing sectors in the recent quarter registering over 65% bottom line growth and 25.6%

10 August 2007

Lucky Cement seeks nod for global depository receipts

Lucky Cement is going to apply to the Securities and Exchange Commission of Pakistan and State Bank of Pakistan for approval of its issue of global depository receipts (GDRs) in the international mar

10 August 2007

Thai SCCC Q2 net profit down

Siam City Cement , Thailand’s second biggest cement maker, reported a nine per cent fall in second quarter earnings on Friday, a larger drop than expected, due to weaker sales in a slowing const

09 August 2007

Shiva Cement to allot shares to IFCI

Shiva Cement Ltd on Wednesday said it will allot 10 lakh equity shares to IFCI Ltd on preferential basis.

09 August 2007

Hydra buys 20% stake in Ras Al Khaimah Cement

Real estate developer Hydra Properties has diversified into the building materials industry after acquiring a 20 per cent share of Ras Al Khaimah Cement Company.

08 August 2007

Misr Cement Qena says H1 net up 23 per cent

Egyptian cement company Misr Cement Qena made a net profit of E£147.8m (US$26.2m) in the first half of 2007,

08 August 2007

Oman Cement Q2 net falls 14 per cent

Oman Cement Co. posted a second quarter net profit of OMR4.15m ($10.78m), down 13.7 per cent from a year earlier as production fell partly due to disruption caused by Cyclone Gonu.