Cement News tagged: Corporate
Cement Hranice owner to squeeze out minority shareholders
Dyckerhoff, majority owner of the Czech building materials maker Cement Hranice, plans to squeeze out small shareholders during a Friday general meeting.
Sumitomo Osaka Cement’s financials
Sumitomo Osaka Cement Co is unlikely to meet its 400 million yen operating profit target set for its optoelectronics and advanced materials operations in fiscal 2005, especially in light of the 200 mi
Croatian Dalmacijacement H1 Net Profit Down
Croatian cement maker Dalmacijacement-RMC Group, now owned by Mexico’s Cemex, said on Monday its net profit fell by 4.9 per cent on the year to 58.6 million kuna (US$9.8m) in the first half of 2
Indonesia’s Semen Cibinong H1 net loss narrows
Cement maker PT Semen Cibinong posted a narrower net loss of 217.59 bln rupiah in the first half to June against a loss of 509.48 bln a year ago, mainly due to a fall in foreign exchange losses. The c
CRH 1H Pretax profits soar
CRH reported Tuesday a pretax profit of Euro383m for the six months ended June 30, up 20 per cent from Euro 319 million in the same period a year ago. The result came in above analysts expectations f
Romanian Lafarge Agregate Betoane
Lafarge Agregate Betoane, a Romanian limestone quarry, said on Monday it swung to 34.8 billion old lei ($1.21m) net loss in the first half of 2005, from a net profit of 12.06 billion in the
Saudi Cement Co H1 2005 net profit up
Saudi cement producer Saudi Cement Company (SCC) posted a net profit of 248.9 mln Saudi riyals ($66.4m) for the first half of 2005, up 24.4 per cent year-on-year. Gross profit
Cimpor 1H net profit down
Portuguese cement company Cimpor SGPS SA said Friday its consolidated net profit fell 4 per cent in the first half, mainly because of higher fuel costs and financial charges. Cimpor posted net profi
Lucky Cement profit rise
Profit after tax of Lucky Cement, Pakistan rose by 20.5 per cent to Rs 826 million during the year ended June 30, 2005 compared to previous year’s Rs 685 million, according to company’s financial resu
YTL Corp posts strong results
YTL Corp Bhd yesterday reported a 28 per cent increase in net profit, achieved on record revenue for the year ended June 30 2005. Net profit was RM587.1 million versus RM459.7 million recorded last ye
Titan advances despite weaker Greek market
Turnover in the first half rose by 12.2 per cent to €612.9m, which amounts to a 14.7 per cent increase at constant currencies. The operating profit at the EBITDA level advanced by 11.1 per cent to €1
Axa cuts stake in Germany’s HeidelbergCement
French insurer Axa has cut its stake in HeidelbergCement , the German cement maker said in a newspaper notice on Friday. HeidelbergCement said Axa notified it that it had reduced its stake in the co
Arabian Cement H1 down
Saudi cement producer Arabian Cement Company (ACC) posted a net profit of 165.9 mln Saudi riyals (US$44.2m) for the first half of 2005, down 13.6 per cent year-on-year. The
Courts reject cement companies’ appeals
Argentine legal authorities have provisionally confirmed the record 310mn-peso (US$106m) fine imposed on five cement companies for allegedly agreeing to split up the market and raise prices, according
India Gujarat Ambuja to sign loan
One of India’s leading cement makers Gujarat Ambuja Cements Ltd said it will next week sign a three-year loan for $100m to partly refinance an earlier loan. "The new loan will partly replace ou
IFC to invest in cement works in Iraq
International Finance Corporation is apparently considering the possibility to invest US$210.3m in the construction project of cement works in Iraq with a productive capacity of 2.9Mta. IFC also inten