Cement News tagged: Corporate
Suez Cement 2010 profit falls 4.9 per cent
Egypt’s Suez Cement posted a 4.9 per cent decline in 2010 net profit to E£1.2bn (US$209.9m), the stock exchange said on Thursday.
Lafarge Malayan pre-tax profit drops
Lafarge Malayan Cement Bhd reported a lower pre-tax profit of RM345.397 million for the financial year ended Dec 31, 2010, from RM441.9 million registered in the same period of 2009.
Egypt’s Torah Cement 2010 profit rises 29.6 per cent
Egypt’s Torah Cement’s 2010 net profit rose 29.6 per cent, the stock exchange said on Thursday. Net profit rose to E£443m (US$75.2m) from E£341.7m in 2009.
Zambrano: exchange moves so far have favoured us
Lorenzo Zambrano, CEO of Cemex, said Thursday that foreign exchange market volatility has favored the company so far, particularly gains against the U.S. dollar by the euro and the Mexican peso.
Cemex To Swap Perpetual Debt For New Dollar Notes
Cemex said Friday it has reached a private agreement to swap perpetual securities for dollar-denominated notes due 2020 that will lower its obligations by around US$41m.
EAPC to convert yen loans, Kenya
East African Portland Cement Co. plans to convert its yen-denominated loans into other currencies,
Lafarge Morocco 2H profit drops as revenue falls
Lafarge Ciments, the Moroccan affiliate of Lafarge, posted a 17.6 per cent drop in second-half profit after underperforming rivals in sales amid a slowdown in demand it expects to overcome this yea
Handelsbanken raises target on FLSmidth
Handelsbanken Capital Markets has hiked its share price target on Danish cement and mineral systems provider FLSmidth
JK Cement reports 96% drop in profits, India
JK Cement reported a marked drop in standalone net profit for the quarter ended December 2010.
Egypt’s National Cement 6-month profit up 50 per cent
Egypt’s National Cement’s six-month net profit rose 50 percent from a year earlier to E£201.8m (US$34.32m),
Binani may succeed in bourse exit
Binani Cement, a part of the Braj Binani group, may succeed in delisting its shares from Indian bourses with public shareholders tendering nearly 80 per cent of their shares
Lafarge to halve dividend
Lafarge proposed a 50 percent cut to its dividend and pledged to reduce debt by at least EUR2bn this year to
Carthage Cement to appoint new management, Tunisia
A new chairman and new directors of Carthage Cement will be appointed provisionally and proposed for approval at the next Ordinary General Assembly
Jiangxi Wannianqing Cement to raise US$105m
Jiangxi Wannianqing Cement Co, Ltd, a China-based manufacturer and seller of Portland cement and Portland cement clinker
DG Khan profit declines, Pakistan
The profit after tax of Pakistan cement producer DG Khan Cement Company has declined to PKR 192.136m (US$2.25m) in the half year period ended December 31, 2010
Indonesian state-owned Semen Baturaja Cement to go public
Indonesian state-owned cement company PT Semen Baturaja plans to go public in the third quarter of this year, Pandu Djajanto, state enterprises minister’s deputy for restructuring and privatisat