Cement News tagged: Corporate
Lucky Cement earnings may increase up to six per cent
The earnings of Lucky Cement Limited are expected to increase by three to six per cent to Rs 1, 997m to Rs 2,052m for the fiscal year ended on June 30, analysts said.
Italcementi H1 EBITDA may rise less than sales due to higher costs
Italcementi SpA’s second-half results, due to be released Friday, may show EBITDA rising less than sales compared to a year earlier
Lafarge profit seen higher in first half
Lafarge is set to report higher first-half profit on Thursday, boosted by price increases, cost controls and buoyant construction activity in emerging countries.
Egypt’s South Valley reports H1 net up 168 per cent
Egypt’s South Valley Cement increased net profit by 168 per cent in the first half of 2007 YoY, the stock exchange said on Monday.
Concerns about Florida?
JP Morgan’s Building Material analysts have been reviewing Vulcan’s Q2 results noting that there were no real surprises as the company had pre-released on 18 July.
HeidelbergCement CEO sees Maxit sale soon
HeidelbergCement’s chief executive expects to soon sell its clay and mortar unit Maxit, which generated just over EUR1.2bn (US$1.64bn) in revenue and an operating profit of EUR125m last year.
Cementos Portland profit up
In the six months to June 30, Spanish cement manufacturer Cementos Portland recorded an attributable profit of EUR107.3m, a YoY increase of 11.5 per cent.
India’s Grasim Q1 net up 64 pct, beats forecast
India’s Grasim Industries Ltd. on Saturday reported a 64 per cent rise in standalone quarterly net profit, beating forecasts,
India Cements to issue 40M shares to Visaka shareholders
India Cements Ltd will issue 40,000,000 equity shares to Visaka Cement Industry Ltd shareholders for the companies amalgamation.
Exane-BNP marks Titan down
Titan reported H107 sales down 1% to EUR757.3m and EBITDA up 3% to EUR221.8m. Net income increased from EUR120.4m to EUR126.1m, 7% below consensus expectations of EUR134.8m.
Indocement 1H Net Profit IDR360.15B Vs IDR342.98B
PT Indocement Tunggal Prakarsa (INTP.JK) booked IDR360.15bn in net profit during the first half of the year, up 5% from IDR342.98bn in the same period last year, it said Thursday.
Thailand’s Siam Cement Q2 net profit up
Siam Cement, said Wednesday its net profit in the second quarter rose 16 per cent from a year earlier due largely to share divestments.
GCC Reports Second Quarter 2007 Results
Grupo Cementos de Chihuahua (GCC), announced consolidated results for the quarter ended June 30, 2007.
Serbian Lafarge BFC net profit up to EUR21.5m 2006
Serbian cement producer Lafarge BFC net profit increased to 1.7bn Serbian dinars (US$27.3m) in 2006,
India Ultratech To Borrow INR17B Through FY09
India’s Ultratech Cement Ltd said it plans to borrow around INR17bn through March 31, 2009, to expand capacity and build a captive power plant.
Mangalam Cement net jumps 38%
Mangalam Cement, a part of the B K Birla Group, has posted a 37.6 per cent growth in net profit at Rs 25.89 crore for the June quarter compared with Rs 18.81 crore in the corresponding quarter a year