Corporate
Cimpor Q1 2005 profits expected to rise
Portuguese investment bank Millennium bcp investimento (MBCPI) projected in a research note, dated May 17, 2005, the local cement company Cimpor - Cimentos de Portugal to post
Adelaide Brighton expecting improvements
Cement producer Adelaide Brighton Ltd expects to improve on its 2004 result this year. "...Our performance is on track to meet our 2005 business plan targets and to deliver a further improvement upon
GK Goh Keeps Sell on Lafarge Malayan
GK Goh Research keeps sell on Lafarge Malayan Cement due to price war. "The price war has intensified and the situation now is worse than the last price war in 1999," GK Goh says;
Brazil: CCC makes large profits
The Brazilian cement maker Camargo Correa Cimentos (CCC) has registered a net profit of R$62.7m in the Q1 2005, a boom of 328.47 per cent over the R$15.2m recorded in same period in 2004. The company
Taiheiyo Cement year to March net profit down
Taiheiyo Cement Corp full year to March 2005 results: Revenue - 872.7 bln yen vs 879.5 bln. Operating profit - 48.2 bln yen vs 44.8 bln Current profit - 38.3 bln yen vs 35.1 bln. Net profit - 14.4 b
Australia’s James Hardie profit jumps on US sales
The Australian building products maker, dogged by a row over asbestos liabilities, said it expected strong US sales growth to continue in the coming year although the rate of growth would slow and the
Egypt’s Sinai Cement Q1 net up
Egypt’s Sinai Cement reported an 82 per cent increase in its 2005 first quarter net profit to 23.99 million Egyptian pounds ($4.14m), the stock market said in a statement received on
Egyptian Misr Cement Qena
The net profit of Egyptian cement producer Misr Cement Qena rose 73.9 per cent year-on-year to 27.7 mln Egyptian pounds ($4.8m) in the first quarter of 2005. The rise in earnings
Shree Cement announces resignation of director
Exchange, Mumbai (BSE) made the following corporate announcement: Shree Cement Ltd., has informed BSE that Shri K.N. Memani, a Director of the company has resigned from the Directorship of the compan
Saudi Qassim Cement Q1
Saudi cement producer Qassim Cement Company (QCC) posted a net profit of 58.6 mln Saudi riyals (US$15.6m) for the first quarter of 2005, up 3.8 per cent year-on-year. The company registered a 23.7 pe
Cementos Molins posts lower profits
Spanish cement maker Cementos Molins, based in the Catalan region, northeastern Spain, posted a net profit of Euro 17.2m for the first quarter 2005, compared to a net profit of Euro 20.2m for the same
Greek Titan Cement Set for 10 per cent buyback
Greek cement maker Titan Cement approved at a general shareholders’ meeting, held on May 12, 2005, a 10 per cent share buyback involving both common and preference shares in
Mexican standoff continues in Indonesia
The Indonesian government remains at loggerheads with Mexico’s Cemex SA over the latter’s investment in state-owned cement maker PT Semen Gresik. Minister for State Enterprises Sugiharto s
Buzzi Unicem looks to USA and Mexico
On an underlying basis, Buzzi Unicem’s turnover rose by 2.6 per cent to €541.3m for the first three months of 2005, of which Dyckerhoff represented some €202m, while, on the same basis, the EBITDA fel
Saudi Yamama Cement Q1
Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 102.8 mln Saudi riyals ($27.4m) for the first quarter of 2005, up from 98.3 mln riyals ($26.2m) in the
Higher demand pushes Holcim Romania Q1
Holcim Romania, a unit of the Swiss cement company Holcim Ltd., said on Thursday its first-quarter turnover rose 10 per cent year-on-year as a result of higher demand on the local