Corporate

31 July 2006

Cemex Venezuela profit gains

The Venezuelan unit of Mexican cement company Cemex (CX) saw profits skyrocket 87 per cent during the first half of the year as demand for cement in the Andean country set new records

31 July 2006

Grasim 1Q improvements, India

India’s Grasim Industries Ltd said Saturday its fiscal first-quarter consolidated net profit rose 47 per cent as its cement and viscose staple fiber business grew. The company’s net profit

31 July 2006

Dalmia Cement net up four-fold

Dalmia Cement (Bharat) Ltd today reported a more than four-fold increase in net profit at Rs 50.28 crore for the April-June quarter this fiscal as compared to Rs 10.72 crore in the year-ago period

31 July 2006

TPIPL’s 2Q06 results slightly below expectation

TPI Polene (TPIPL)’s 2Q06 net profit fell 70% q-o-q to Bt344m, but improved from Bt256m loss in 2Q05. This included Bt99m unrealized FX gain on foreign debts (2Q05: Bt765m loss, 1Q06: Bt982m gai

31 July 2006

Indocement H1 net profit increases, Indonesia

Indonesia’s No.2 cement maker, PT Indocement Tunggal Prakarsa Tbk, reported on Monday an 11.5 per cent rise in first-half net profit, despite weaker overall industry sales volumes.

28 July 2006

Cementir continues to show underlying growth

Cementir increased first half turnover by 25.3% to EUR 504.2m and the EBITDA rose by 44.4% to EUR 118.6m.

28 July 2006

Weak 2Q06 earnings of TPI Polene, Thailand

TPI Polene (TPIPL) announced rather disappointing 2Q06 earnings with a normalised profit of Bt244mn (norm EPS Bt0.31), down 52% yoy, but up 52% qoq. This was a rather low base for earnings comparisons

27 July 2006

Strong US prices help Cemex move ahead in first half

First half turnover at Cemex increased by 23.7.0% to US$8,595.3m, with a modest help form an additional two months of RMC, and the EBITDA grew by 21.9% to US$1,972.5m. The trading profit improved by 1

27 July 2006

Portland Valderrivas profit up 51 per cent, Spain

In the first half of this year, Spanish cement producer Cementos Portland Valderrivas recorded a net profit of EUR96.19m , up 51.37 per cent on the same period in 2005.

27 July 2006

UltraTech Q1 net profit triples, India

UltraTech Cement Ltd, an Aditya Birla group company has announced that net profit more than tripled for the first quarter ended June 30 2006 on higher domestic realisation and volumes.

27 July 2006

Titan is boosted by US market strength

Titan increased turnover in first six months by 24.8% to EUR 764.7m and the operating profit at the EBITDA level by 36.5% to EUR 220.4m. Sales of cementitious materials grew by 7.5% to 7.75Mt, while

26 July 2006

Fujairah Cement reports net profit of $21.1m, UAE

The UAE based Fujairah Cement Industries Company made $21.1m in net profits for the first half of this year compared to $19.01m during the same period last year, KUNA reported.The company realized net

26 July 2006

Florida Rock 3Q profit rises 27 per cent

Florida Rock Industries Inc., provider of concrete and other materials for the construction industry, said Tuesday fiscal third-quarter profit increased 27 percent, as growth in nonresidential demand

26 July 2006

Thai Siam Cement Q2 net down 13 per cent on costs

Siam Cement PCL (SCC) , Thailand’s top conglomerate, reported a larger-than-expected 13 percent fall in second-quarter earnings on Wednesday as high energy costs continued to bite into profits.

26 July 2006

Ciments Français shows good first half growth

Ciments Français, which essentially covers the non-Italian operations of the Italcementi group, increased first half turnover by an underlying 16.4% to €2,156.9m. With an increase of 10.4% to €1.032.8

25 July 2006

USG advances across the board

USG, which emerged out of its asbestos related bankruptcy proceedings last month, increased turnover by 23.5 per cent to US$3038m in the first six months of the year, with the trading profit jumping 8