Cement News tagged: Corporate
Saudi Yanbu Cement Co Q1
Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of 105.2 mln Saudi riyals ($28.1m) for the first quarter of 2005, slightly up from 104.9 mln riyals ($28m) in the year-ago period.
TPI Polene reports 768 million baht in profits
TPI Polene made 5.6 billion baht from sales in the first three months of this year, up 5.14 per cent from the same period last year. The company’s total income rose 4.22 per cent in the first qu
Cemex 1Q results to get boost from RMC buy
Cemex is expected to report significant sales growth in the first quarter as it consolidates a month of results from its latest acquisition - RMC Group of the U.K.
Mindanao Portland 2004 profit slips
A subsidiary of publicly listed Republic Cement Corp. said earnings declined last year due to a decrease in demand. Mindanao Portland Cement Corp. said its net income for 2004 fell to P163.479m from P
Gresik aims to lift income 10 per cent, Indonesia
Indonesia’s largest cement producer PT Semen Gresik is aiming to increase its net income and profit by 10 per cent this year compared with last year.
Taiwan Cement eyes third spot, China
Taiwan Cement Corp is aiming to become China’s third-largest cement maker by 2008, the Commercial Times reported, citing chairman Leslie Koo
Saudi Southern Province Cement Posts US$40.9m Net Profit Q1 2005
Saudi cement producer Southern Province Cement (SPC) posted a net profit of 153.5m Saudi riyals ($40.9 mln/31.8 mln euro) for the first quarter of 2005, up from 123.8m riyals (US$33 m/25.6m euro) in t
Higher cement prices lift 2004 Holcim net income
Holcim Philippines, Inc. has swung to profits last year with net income after tax of P1.2bn from a net loss of P318.7m in 2003.
Holcim now calls the shots at ACC
Cement major Holcim of Switzerland has announced that it has taken over Associated Cement Companies (ACC) through Ambuja Cement India Ltd (ACIL).
Semen Padang complete 2004 reports, profit increases
Cement producer PT Semen Padang has completed its 2004 audited financial statement, paving the way for its parent company, publicly listed PT Semen Gresik, to issue the latter’s consolidated acc
Gujarat Ambuja Mulls Bonus, tock Split (is considering a stock split for the first time)
Gujarat Ambuja Cements Ltd (GACL) will consider a bonus issue of equity shares
Cementir to boost dividend by 2008
Italian cement company Cementir SpA, a unit of local construction company Caltagirone, targets to raise its dividend to Euro 0.12 per share from Euro 0.7 per share paid for 2004, company chairman Fran
Egypt’s Gazelle seeks stake in South Valley Cement
Gazelle Ltd Company, a private Egyptian firm, has offered to buy 29.39 per cent of South Valley Cement at 22.60 Egyptian pounds ($3.90) a share, the stock exchange said in a statement on Thursday.
UAE Gulf Cement approves bonus
The extraordinary general shareholders’ meeting of UAE cement maker Gulf Cement Company approved on April 13, 2005 a 20 per cent bonus issue for 2004, which is to raise the company’s paid-
Cemex begins bond auction
Cemex began auctioning Wednesday bonds worth a total of 3.75bn pesos (US$339m), the company reported to the Mexico City bourse (BMV).
Saudi Tabuk Cement
Saudi cement producer Tabuk Cement Company (TCC) posted a net profit of SAR34m(US$9.1m) for the first quarter of 2005, up from SAR25.6m (US$6.8m) in the year-ago period, according to the company&rsquo