Cement News tagged: Corporate
TCL 2006 profits slip 1.3% to US$24m
Trinidad & Tobago’s Trinidad Cement Limited (TCL) has reported its 2006 net profits fell 1.3% to TT$152m (US$24.3m).
Pretoria Portland cement proposes share split
Pretoria Portland Cement Co said it will propose to its shareholders that each of its shares of 1.00 rand be subdivided into 10 shares with a par value of ZAR0.10 each.
Monarch Cement Co - Nine Year high in EBITDA for Monarch Cement
The Monarch Cement Company (OTC:MCEM) for its twelve months ended December 31, 2006 was $30,989,138, a 25% increase over the year earlier same 12 months when Monarch Cement
HeidelbergCement to pay out 1.25 euros per share
HeidelbergCement, the German cement product manufacturer, is to increase its dividend for 2006 from 1.15 euros to 1.25 euros. On average, analysts had expected a dividend of 1.39 euros per share.
Turkish Adana Cimento plans US$61m dividend for 2006
Turkish cement company Adana Cimento said it would propose its shareholders to vote on the payment of a dividend of TRL85.4m (US$61m) for 2006.
Taiheiyo Cement: to book Y2.2b special loss from land sale
Taiheiyo Cement Corp said Thursday it will book a special loss of Y2.2bn from the sale of land in eastern Tokyo for this fiscal year ending March 31.
China Jiangxi Wannianqing Cement to issue up to 70m A-shares to parent
Wannianqing Cement Co Ltd said it plans to issue up to 70m additional A-shares to its parent, Jiangxi Cement Co Ltd, and other institutional investors via private placement.
Turkish News in Brief-Mardin Cimento, Bolu Cimento, Aksa
Turkish cement company Mardin Cimento said on March 20, 2007 that its net profit increased by 36.7 per cent YoY to TRL89.067m (US$63.85m) in 2006.
TPIPL to refinance B10bn in debt
TPI Polene, the country’s third largest cement producer, plans to refinance debt of 10.12 billion baht before exiting its rehabilitation plan later this year, according to senior vice-president
TPI Polene sees 2007 revenues up five per cent
TPI Polene, Thailand’s third largest cement firm, said on Monday it expected its 2007 revenues to rise up to five per cent as cement demand would pick up in the second half.
Fate of India’s Cement Makers Isn’t Set in Stone
Shares of Indian cement companies have declined amid concerns about increased government intervention in the industry.
Holcim Indonesia swings to profit in 2006 on strong rupiah
PT Holcim Indonesia, a unit of Swiss cement maker Holcim Ltd, returned to profitability in 2006 as foreign exchange gains offset weaker operating results.
Cemex provides guidance for the first quarter of 2007
Cemex announced today that it expects EBITDA for the quarter ending March 31, 2007 to be about US$830m an increase of close to 2% versus the same period last year
Mexico’s Cemex hit by souring US mortgage sector
Cemex has seen its share price fall four per cent this week on concerns that trouble brewing in the US housing sector could hurt future sales.
Lafarge Moldovan unit net profit down 15.6% in 2006
The net profit of Moldovan cement producer Ciment, majority owned by Lafarge, fell by 15.6% last year to 43m lei ($3.4m), the company said on Wednesday.
Cimpor 2006 profit seen at EUR276m
Cimpor’s net profit is seen at EUR276m (US$363.6m), up 3.8 per cent, according to the average projections of a poll of five analysts, reported by local business daily Diario Economico.