Cement News tagged: Corporate
Kuwait Cement Co Q1 net profits rise
The net profit of Kuwaiti cement maker Kuwait Cement Company rose to 9.21 mln Kuwaiti dinars ($31.6m) in the first quarter of 2005 from 5.06 mln dinars ($17.3m) in the same period
WAPCO seeks US$77m from rights offer
Nigeria’s West African Portland Cement Company , a subsidiary of the world’s leading cement firm Lafarge , said on Monday it had launched its rights issue to raise 10.2 billion
Dyckerhoff losses
Germany’s Dyckerhoff AG said Monday it had a net loss of EUR26m in the first quarter of 2005 after a loss of EUR24m in the previous year period. The company said sales of EUR202m almost matched the pr
Titan Q1 net expected to rise
Greek cement producer Titan is expected to post a rise in first-quarter net profit due to a change in accounting rules and to gains in its international operations, offsetting the post-Olympic Games s
CRH believes it is better positioned
Chairman Pat Molloy, speaking at last week’s AGM in Dublin, said the impact on the business depended on the extent to which it was able to pass on any increase. "So far in 2005 we have had more succes
RAK cement company net up
The Ras Al Khaimah Company for White Cement and Construction Materials posted a 330 per cent jump in its net profits over 2003, company representatives said in a report carried by Gulf News. The compa
ACC profits up 89 per cent
ACC has posted a rise of 88.96 per cent in net profit at Rs 378.39 crore for the year ended March 31, 2005 compared with Rs 200.24 crore last year. Total income (net of excise) rose 16.45 per cent fro
Strong profit growth at Eagle Materials
For the full year to the end of March, Eagle Materials achieved a turnover of US$616.5m, an increase of 22.7%. The trading profit before corporate overheads and interest charges jumped by 49.0% to US$
Lafarge’s first quarter cement off by 4.1%
The Lafarge group turnover rose by an underlying 1.9% to EUR 2,945m in the first three months of the year, with the contribution from cement being 2.1% higher at EUR 1550m.
Italcementi forms joint venture with Arabian Cement Company
Italcementi’s first quarter results were hit by the adverse March weather in Europe and turnover declined by 1.6% to EUR 990.2m, with the EBITDA falling by 14.2% to EUR
Lafarge Q1 sales up 2.2 per cent
Lafarge reported a 2.2 per cent rise in first-quarter sales on Wednesday on improved prices but bad winter weather in Europe offset some of these gains. Lafarge generated sales of
PTT to buy 30 per cent of TPI
PTT Plc said it planned to buy 30 per cent of Thai Petrochemical Industry (TPI) at Bt3.30 per share, more than 65 per cent below the current market price. PTT, which is among the potential buyers of
St. Lawrence Cement Group 1Q
St Lawrence Cement Group reported sales of $140.3m for the first quarter of 2005 compared to $141.4m for the same period last year. The net loss was $23.6m ($0.56 basic per share) compared to a net lo
Cementos Catatumbo gets new chairman
Venezuelan cement maker Cementos Catatumbo has a new chairman and board for the period 2005-2008 after shareholders approved the appointments, Panorama Digital
Holcim Hungaria 2005 Revenues
Hungarian cement maker Holcim Hungaria Cementipari Rt, a subsidiary of Swiss building materials producer Holcim group, targets a revenue of 30 bln Hungarian forints ($153.3m)
HeidelbergCement losses widening
HeidelbergCement seen posting Wednesday 1Q net loss at EUR99M versus a loss of EUR58M a year ago, according to Dow Jones Newswires survey of 5 analysts. Loss in pretax profit is expected to widen to