Cement News tagged: Corporate
Alexandria Cement 9-mth net profit down 24 per cent
Egypt’s Alexandria Cement reported a 24 per cent drop in nine-month net profit to E£136m (US$23.8m), the stock exchange said on Thursday.
Star Cement seals loan deal, UAE
Bahrain-based Star Cement, a part of the ETA/Star Group, has signed a $104m term loan facility agreement with a syndicate of banks led by the mandated lead arrangers Abu Dhabi Commercial Bank and the
Holcim acquires additional stake in GACL
Holcim has reportedly acquired a 3.7 stake per cent in Indian cement maker Gujarat Ambuja Cements Ltd. to add to its existing 15.6 per cent holding, a source close to the deal said on Thursday.
Buzzi Unicem improves financial ratios
Buzzi Unicem’s turnover rose by 8.3% to EUR2,378.4m, with margins widening from 26.8% to 28.7% as the EBITDA improved by 15.7% to EUR681.9m
Spain’s FCC beats 9-month target, to beat 2006 goal
Spanish construction group FCC posted a 41.8 per cent rise in nine-month profit on Tuesday thanks to a strong order book, acquisitions and faster overseas growth and said it expects to beat previous t
Orascom Construction Industries 3rd Quarter Results
OCI posts 84% growth in consolidated EBITDA and 66% rise in net income during the third quarter 2006
Egypt’s ASEC says 9-month net up 18%
Egypt’s ASEC Cement made net profit of E£291.8m (US$51m) in the first nine months of 2006, 18 per cent up on the same period of 2005,
Buzzi nine month net rises to EUR255m vs EUR184 on lower financial costs
Buzzi Unicem SpA said nine-month net profit rose to EUR255.0m from EUR184.2m a year earlier, thanks to a strong decrease of financial charges and the absence of restructuring costs at its German activ
Egypt’s Misr Cement Qena 9-month profit up 69 per cent
Egypt’s Misr Cement Qena on Monday reported a 69 per cent rise in net profit in the nine months to the end of September.
Thailand’s Siam City Cement’s changes CEO
Siam City Cement Plc (SCCC) has shaken up its management and board in the wake of disappointing results, but it says the two developments are not related.
Siam City Cement 3Q Net THB988.5M Vs THB1.04B
Siam City Cement PCL, Thailand’s second-largest cement maker by capacity, Friday said its net profit for the third quarter dropped 4.9% on year as expenses rose in the wake of high oil prices.
Egypt’s Torah Cement nine-month net up 36 per cent
Egypt’s Torah Portland Cement made a net profit of E£262.7m (US$45.9m) in the first nine months of 2006, 36 per cent up on the same 2005 period, the stock exchange said on Thursday.
Bulgaria operations contribute to Italcementi nine-mo profit gain
The Bulgarian operations of cement major Italcementi have once again flattered the bottomline of the company as shown by its consolidated January-September financial report.
Chinese companies to establish cement plant in Abyan
Yemeni Assas company signed Wednesday with Chinese CMC and Hong Kong Mix More companies a partnership agreement to establish a cement plant in Abyan governorate
Groupe Bruxelles Lambert ups lafarge stake to 13.2%
Belgian financial holding Groupe Bruxelles Lambert has increased its stake in Lafarge to 13.2% from 11.3% previously
Rinker posts 12% HY profit rise
Rinker Group Ltd has delivered a 12 per cent rise in interim net profit amid a downturn in the US housing market, as it fights a $US12.8bn ($A16.8bn) takeover bid from Cemex.