Cement News tagged: Corporate
Cementos Portland profit slumps by 95% YoY in 2010
Spanish cement producer Cementos Portland Valderrivas posted today a EUR1.2m profit for 2010, down by 95% on the year.
Banif sees Cimpor profit down 6% YoY in 2010
Banif estimates Portuguese cement producer Cimpor to have closed 2010 with a 6% YoY decline in net profit to EUR223m (USD 308.6m).
Cementos Molins net profit declines 1.9% in 2010
Spanish cement company Cementos Molins posted a consolidated net profit of EUR 65 million in 2010, down 1.9% YoY.
Cementos Argos net profit rises
Cementos Argos SA, Colombia’s largest cement company, posted a consolidated net profit of COP288.8bn (US$156m) in 2010, a 37.7% increase in peso terms from a year earlier.
TPI Polene announces THB0.15/share dividend
TPI Polene PCL, Thailand’s third largest cement maker by capacity, Monday said it plans to pay a dividend of THB0.15 a share
India Cements December net falls by 38%?
India Cements reported a steep drop in standalone net profit for the quarter ended December 2010
Yamama Cement approves US$0.53/share dividend for 2H10
Saudi cement producer Yamama Cement Company said its general shareholders’ meeting approved yesterday the board’s proposal for a cash dividend
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.