Cement News tagged: Corporate
Weak cement sales seen hitting Siam Cement Q1
Siam Cement PCL (SCC), Thailand’s biggest industrial conglomerate, is expected to report a 33 per cent fall in first-quarter net profit on
India Ultratech Cement 4Q Net Profit Jumps 75% To INR2.31bn
India’s Ultratech Cement Ltd said its fiscal fourth-quarter net profit jumped 75% to INR 2.31 billion from INR1.32 billion a year earlier,
RAK cement firm’s profit jumps 221% to Dh34.5m in first quarter
The Ras Al Khaimah Company for White Cement and Construction Materials announced yesterday a Dh34.5 million net profit for the first quarter of the year,
India’s Gujarat Ambuja Cements Q1 net profit up, MD resigns
India’s third largest cement maker, Gujarat Ambuja Cements posted a 6.6 pct rise in first quarter net profit and said its managing director has resigned and will be replaced by AL Kapur.
India Cements Jan-Mar results beat forecast
Cements Ltd. posted a net profit of 1.4 billion rupees in January-March compared to 270.3 million rupees a year ago, riding on high volumes and cost efficiency, a senior official said on Friday.
Lower interest expenses to boost 1Q07 normalised profit
TPI Polene (TPIPL) is expected to announced 1Q07 normalised profit of Bt364mn, up 45% qoq and 126% yoy. Earnings growth will be driven by lower interest expenses that fell to just Bt112m, down 67% YoY
PT Semen Gresik’s 1Q sales up 11.6%
PT Semen Gresik, Indonesia’s largest cement maker, saw a 11.6 per cent rise in sales in the first quarter of 2007 to 3.93Mt on higher demand for its product in the export market.
Philippines Republic Cement 06 net profit
Republic Cement Corp said its net profit in 2006 nearly tripled to PHP2.63bn, from PHP900.4m in the previous year, boosted by higher sales, lower financing charges and an income tax gain.
Boral may be next brick in wall
The prospect of a takeover and even break-up of Australia’s biggest seller of building materials, Boral, comes as the industry at large faces cost pressures and the likelihood of flat earnings u
Gujarat Ambuja Cements to be known as ’Ambuja Cements’
Leading cement maker Gujarat Ambuja Cements will be known as ’Ambuja Cements’ with effect from April 5, as per a notification received by the company.
Indian cement makers to rake in 38% profit
Aided by a 25-30% growth in sales realisation and 7-8% growth in shipments, cement makers are expected to come out with a strong topline and bottomline growth during the March 2006 quarter.
Weak cement demand to pressure 1Q07 earnings
Siam City Cement (SCCC) is expected to announce a 1Q07 profit of Bt950mn (EPS of Bt4.07), up 37% qoq but down 17% yoy.
Yamamah Cement Q1 profits rise 9%
Saudi Arabia’s Yamamah Cement Co said that the company’s net income rose 9.3 per cent to $46.3m in the first three months of 2007 compared to $43.9m in the same period of 2006.
BLI to undergo joint branding
Buxton Lime Industries is taking a new name, Tarmac Buxton Lime and Cement, and linking with its owner Tarmac Ltd in a joint-branding drive.
Taiheiyo plans expansion in US
Taiheiyo Cement Corp. of Japan may buy plants in the US, the company’s most profitable market, and in faster-growing countries in Asia as demand at home falls and competition in global cement ma
Steppe Cement appoints Rodzianko as Non-Executive Director
Steppe Cement Limited confirmed Wednesday the appointment of Paul Rodzianko to its board of directors with immediate effect as a non-executive director.