Cement News tagged: Corporate
GK Goh Keeps Sell on Lafarge Malayan
GK Goh Research keeps sell on Lafarge Malayan Cement due to price war. "The price war has intensified and the situation now is worse than the last price war in 1999," GK Goh says;
Egyptian Misr Cement Qena
The net profit of Egyptian cement producer Misr Cement Qena rose 73.9 per cent year-on-year to 27.7 mln Egyptian pounds ($4.8m) in the first quarter of 2005. The rise in earnings
Egypt’s Sinai Cement Q1 net up
Egypt’s Sinai Cement reported an 82 per cent increase in its 2005 first quarter net profit to 23.99 million Egyptian pounds ($4.14m), the stock market said in a statement received on
Australia’s James Hardie profit jumps on US sales
The Australian building products maker, dogged by a row over asbestos liabilities, said it expected strong US sales growth to continue in the coming year although the rate of growth would slow and the
Buzzi Unicem looks to USA and Mexico
On an underlying basis, Buzzi Unicem’s turnover rose by 2.6 per cent to €541.3m for the first three months of 2005, of which Dyckerhoff represented some €202m, while, on the same basis, the EBITDA fel
Mexican standoff continues in Indonesia
The Indonesian government remains at loggerheads with Mexico’s Cemex SA over the latter’s investment in state-owned cement maker PT Semen Gresik. Minister for State Enterprises Sugiharto s
Greek Titan Cement Set for 10 per cent buyback
Greek cement maker Titan Cement approved at a general shareholders’ meeting, held on May 12, 2005, a 10 per cent share buyback involving both common and preference shares in
Cementos Molins posts lower profits
Spanish cement maker Cementos Molins, based in the Catalan region, northeastern Spain, posted a net profit of Euro 17.2m for the first quarter 2005, compared to a net profit of Euro 20.2m for the same
Saudi Qassim Cement Q1
Saudi cement producer Qassim Cement Company (QCC) posted a net profit of 58.6 mln Saudi riyals (US$15.6m) for the first quarter of 2005, up 3.8 per cent year-on-year. The company registered a 23.7 pe
Shree Cement announces resignation of director
Exchange, Mumbai (BSE) made the following corporate announcement: Shree Cement Ltd., has informed BSE that Shri K.N. Memani, a Director of the company has resigned from the Directorship of the compan
Cementir: weaker Italian performance offset by...
Helped by the acquisitions from FLS Industries last year, Cementir increases its first quarter turnover by 140.8% to €171.7m and the operating profit at the EBITDA level rose by 65.0% to €25.9m. Turn
Saudi Yamama Cement Q1
Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 102.8 mln Saudi riyals ($27.4m) for the first quarter of 2005, up from 98.3 mln riyals ($26.2m) in the
Higher demand pushes Holcim Romania Q1
Holcim Romania, a unit of the Swiss cement company Holcim Ltd., said on Thursday its first-quarter turnover rose 10 per cent year-on-year as a result of higher demand on the local
Titan looks to the USA and Bulgaria for growth in 2005
Titan’s turnover in the first quarter of 2005 grew by 4.3% to EUR 57.3m and the operating profit at the EBITDA level was 1.4% higher at EUR 57.3m. Excluding exchange rate movements, these increases a
Cementos Lemona EUR 3.53m 1Q net profit
Spanish cement maker Cementos Lemona posted a net profit of EUR 3.53m (US$4.54m) for the first quarter 2005, a surge of 58.3% YoY, the company said. The revenue of the cement maker totalled EUR23.5m u
UAE Sharjah Cement net profit surges 140% YoY
The net profit of UAE cement producer Sharjah Cement and Industrial Development Company surged 140% YoY to AED60.11m (US$16.4m) in the first quarter of 2005.