Corporate

11 August 2008

Dyckerhoff 1H 2008 Net Profit €142m versus €96m

German cement maker Dyckerhoff AG reported a 48 per cent increase in net profit for the first half of 2008, or €142m, compared to the same period a year ago.

11 August 2008

Egypt’s Suez Cement H1 net profit jumps 28.8 per cent

Egypt’s Suez Cement SUCE.CA reported a 28.8 per cent rise in first-half net profit

08 August 2008

Siam City Cement 2Q net drops

Siam City Cement, Thailand’s second largest cement producer by sales, Thursday reported a 19% drop in second quarter earnings on lower sales.

08 August 2008

Saudi Yamama Cement Owns 5% in Hail Cement

Saudi cement producer Yamama Cement Company (YCC) said on August 5, 2008 it owns a five per cent stake in local cement producer Hail Cement, which is currently under establishment.

07 August 2008

Vassiliko Cement profits decline in first half

Cyprus’ Vassiliko Cement Works Public Co Ltd (VCW) reported a decline in profitability during the first half of 2008 compared to a year ago with net profit declining

07 August 2008

Semen Gresik seeks IDR5 trillion loan

PT Semen Gresik Tbk seeks IDR5 trillion loan to fund the acquisition of cement company, transportation and cement paper pack company so as to support the company core business.

06 August 2008

Vulcan announces second quarter results

Vulcan Materials Company today announced second quarter net sales of $966m, as compared to $808m in the second quarter of 2007.

05 August 2008

Saudi Qassim Cement net profit up to US$83.2m

Saudi cement producer Qassim Cement Co (QCC) saw its net profit go up 31 pct year-on-year to SAR312.2m (US$83.2m) in the first half of 2008, it was reported on August 4.

31 July 2008

UAE Gulf Cement 1H08 net profit down

UAE cement maker Gulf Cement registered a decline in its net profit to AED200.1m (US$54.5m) in the first half of 2008 from AED253.9m (US$69.1m) a year ago, it was reported on July 30.

31 July 2008

Eagle’s first quarter profits contract by 80%

Eagle Materials saw its turnover fall by 20.1% to US$171.8m in its first quarter to the end of June,

30 July 2008

Jordan Valley AR reorganises as Xenemetrix, US

On the 15th of June 2008, Jordan Valley Semiconductors Ltd, divested their Analytical Division which was then purchased by Xenemetrix Ltd,

29 July 2008

Binani Cement plans international arm

Binani Cement, the Braj Binani-backed cement manufacturer, will set up an international subsidiary for its overseas operations and may list it at the London Stock Exchange’s Alternative Investme

29 July 2008

UAE: Union Cement Q2 down on input, fuel costs

Union Cement Co posted a 60.2 per cent drop in net profit in the second quarter on high raw material and fuel costs, as well as a sharp decline in income from investments in shares.

28 July 2008

Shanshui Cement raises additional US$273m

China Shanshui Cement announces that it raises an additional $273m as its over-allotment option has been fully exercised in respect of an aggregate of 97.626m shares at $2.8 per share.

28 July 2008

JK Lakshmi Cement Q1 net falls 43.49%

JK Lakshmi Cement disclosed a substantial drop in standalone net profit for the quarter ended June 2008.

28 July 2008

Oman Cement Q2 profit falls 13 per cent

Oman Cement Co posted a 13.1 per cent drop in second-quarter profit to OMR3.57m (US$9.28m), missing two analysts’ forecasts.