Cement News tagged under: corporate
Lafarge North America Inc05 May 2004, Published under Cement NewsLafarge North America has recorded a first quarter 2004 net loss of $70.8m, or 96 cents per share diluted. The results compare to a net loss of $87m, or $1.19 per share diluted, in the first quarter of 2003. Lafarge North America normally reports a loss in the first quarter of the year as its business activity slows during the winter months, and the company performs most of its major plant maintenance programs in preparation for the main construction season. Weather conditions during th... |
St. Lawrence Cement posts bigger 1st-quarter loss05 May 2004, Published under Cement NewsSt. Lawrence Cement Group Inc posted a bigger first-quarter loss on Tuesday, as lower cement prices and higher operating expenses offset an increase in sales. The Montreal-based company said it lost C$19.3 million ($14 million), or 47 Canadian cents per share in the quarter ended March 31, down from a year-earlier loss of C$13.7 million, or 33 Canadian cents per share. Sales rose to C$141.4 million in the quarter from sales of C$126.9 million in the same period a year earlier. St. Lawrence... |
Egyptian National Cement approves05 May 2004, Published under Cement NewsThe general shareholders’ meeting of Egypt’s National Cement Company (NCC) approved on May 3, 2004 the company’s draft budget for the fiscal 2004/05, ending June 30, 2005, eyeing a net profit of about 50 mln Egyptian pounds ($8.1m) for the year. NCC reported a net loss of 91.35 mln pounds ($14.8m) for 2002/03. The company targets an operating revenue of 589.93 mln pounds ($95.4m) for 2004/05, against 392.6 mln pounds ($63.5m) in 2002/03. The estimated clinker output for 2004/05 is 2.75Mt... |
Ciments Francais back to profit Q1 200404 May 2004, Published under Cement NewsFrench building materials producer Ciments Francais, 74.7 per cent owned by Italian cement group Italcementi, swung to a net profit in the first quarter of 2004, due to good weather conditions posting a net profit of 22 mln euro (US$26.3m), compared to a net loss of 4.0 mln euro (US$4.8m) in the same period in 2003. Ciments Francais posted a turnover of 666 mln euro (US$795.47m), up 7.9 per cent. Excluding adverse currency fluctuations, revenue rose 11.3 per cent, the company said. The compa... |
Indocement net loss04 May 2004, Published under Cement NewsJAKARTA: Cement maker PT Indocement Tunggal Prakarsa said it sustained a net loss of Rp2.99 billion (US$348,800) in the first quarter of this year as against a net profit of Rp231.6 billion in the same period last year. The company, controlled by the German-based cement giant Heidelberger Zement AG, said in its financial report, the losses was caused partly by loss on foreign exchange . Its loss on foreign exchange totaled Rp121 billion in the first three months of this year as against a ne... |
Holcim Slovakia04 May 2004, Published under Cement NewsThe board of directors of the largest cement producer in Slovakia, the joint-stock company Holcim (Slovensko) proposed not to pay dividends from last year’s profit. The board of directors proposed to reinvest the profit of the company of SKK 111.12 million to support shareholders’ equity, said communication manager of Holcim Marek Michlik. The company’s profit decreased in 2003 compared with the previous year, while acquisitions of three concrete mixing plants and a merger with Holcim Beton ... |
Kuwaiti to sell04 May 2004, Published under Cement NewsKuwaiti state-run Kuwait Investment Authority (KIA) will sell its stake in the UAE cement maker Gulf Cement Company at a public auction, it was reported on May 3, 2004. The authority, which holds some 10 per cent in the Kuwait Stock Exchange (KSE)-listed company, plans to offer its stake at a starting price of some 365 Kuwaiti fils ($1.24) per share. Gulf Cement ( www.gulfcement.ae ) is based in the emirate of Ras al-Khaimah and is also listed on the Abu Dhabi Securities Market (ADSM). The... |
Vinay Cement, India04 May 2004, Published under Cement NewsVinay Cements Limited and RCL Cements Limited, a part of the BK Group of companies, have good times following a huge demand from the housing and infrastructure sector. The combined installed clinker capacity of the two firms is 0.31Mt and the turnover stands at Rs91 crore per annum. Vinay Cements has acquired a 11 percent share of the total two million tonnes per annum demand for cement in India. The company has its bases in Assam, Meghalaya, Tripura, Nagaland, Mizoram, Manipur and Arunachal ... |
RMC says trading similar to last year, on track for earnings recovery30 April 2004, Published under Cement NewsRMC Group PLC said that with nearly four months gone this year, nothing has caused the company to change its view that, with the exception of Germany and the US, trading conditions will be similar to last year. ’Overall, the group is well on track to deliver the earnings recovery reflected in market expectations for the full year,’ chairman Sir John Parker told the company AGM. ’In the UK, we still remain cautious with regard to how market conditions will develop,’ he added. ’We ... |
Lafarge’s first quarter volumes benefit from kinder weather29 April 2004, Published under Cement NewsLafarge has announced a turnover for the first three months of the year of EUR2,881m, an increase of 7.1% in absolute terms and of 11.7% at the underlying level, after adjusting for exchange rate movements and changes to the scope of consolidation. The cement operations generated a turnover of EUR1390m, an underlying increase of 12.8% on cement deliveries 13.9% higher at 24.6Mt. The strongest growth was seen in central and eastern Europe, where volumes were some 17% higher at 1.5Mt, wi... |