Cement News tagged: Corporate
Athi River Mining profits rise to Sh$175m
Athi River Mining’s half-year profits went up by 41 per cent in the six months ending June this year. The company made Sh175.5m, up from Sh124.7m in the same period in 2005. Turnover grew by 25
Hanson’s British volumes decline
Hanson increased first half turnover by 14.4% to £1,998.2m, with the EBITDA advancing by 16.4% to £322.5m and the trading profit by 15.8% to £228.4m, with
Egyptian Torah Cement net profit jumps to $31.4 Mln H1 2006
Egyptian Torah Cement registered a net profit jump to E£180.4m (US$31.4m) in the first half of 2006, from E£70.5m (US$12.3m) in the year-ago period, Cairo and Alexandria Stock Exchanges (CASE) said on
Merger between FLSmidth and Potagua FLS
On 1 August, the Boards of Directors of FLSmidth & Co and Potagua FLS A/S ("Potagua FLS") have made a final decision to carry out a taxable merger between the two companies, FLSmidth & Co. being the c
Argos expects to recover US$700mn US investment in 5-6yrs
Colombia’s dominant cement company Argos expects to recover within five-six years its investments from the three companies it acquired in the US, even though it has already begun to collect prof
Lawrence swings to profit on higher prices
St. Lawrence Cement Group Inc. swung to a second-quarter profit on Tuesday, as a lower Canadian income tax rate and higher selling prices for construction materials helped offset a decline in sales vo
Lafarge H1 net profit jumps 53 pct on strong organic growth
Lafarge said net profit jumped a greater-than-expected 53 per cent to EUR548m in the first half from EUR359m a year earlier, lifted by ’strong organic growth’, especially at its cement act
Mandiri, Holcim sign pact on housing loans
Indonesia’s Bank Mandiri signed a memorandum of understanding Monday with PT Holcim Indonesia, on the extending of loans to Holcim’s partner distributors to encourage them to build low-cost hous
GCC completes private placement
Grupo Cementos de Chihuahua (GCC) a leading cement producer in markets where it competes in Mexico, the United States and Bolivia, today announced the successful completion of a US$250m senior guarant
Qatar National Cement profits down
Qatar National Cement Company (QNCC ) registered a net profit of 88.09 mln Qatari rials (US$24.2m) for the first half of 2006, down from 90.64 mln rials (US$24.9m) in the corresponding period of 2005,
Indocement H1 net profit increases, Indonesia
Indonesia’s No.2 cement maker, PT Indocement Tunggal Prakarsa Tbk, reported on Monday an 11.5 per cent rise in first-half net profit, despite weaker overall industry sales volumes.
TPIPL’s 2Q06 results slightly below expectation
TPI Polene (TPIPL)’s 2Q06 net profit fell 70% q-o-q to Bt344m, but improved from Bt256m loss in 2Q05. This included Bt99m unrealized FX gain on foreign debts (2Q05: Bt765m loss, 1Q06: Bt982m gai
Grasim 1Q improvements, India
India’s Grasim Industries Ltd said Saturday its fiscal first-quarter consolidated net profit rose 47 per cent as its cement and viscose staple fiber business grew. The company’s net profit
Dalmia Cement net up four-fold
Dalmia Cement (Bharat) Ltd today reported a more than four-fold increase in net profit at Rs 50.28 crore for the April-June quarter this fiscal as compared to Rs 10.72 crore in the year-ago period
Polpaico ups profits 18 per cent, Chile
Chilean cement producer Cemento Polpaico increased consolidated net profits 18.3 per cent to 9.82bn pesos (US$18.2m) during the first half of this year, compared to the same period last year, the comp
Cemex Venezuela profit gains
The Venezuelan unit of Mexican cement company Cemex (CX) saw profits skyrocket 87 per cent during the first half of the year as demand for cement in the Andean country set new records