Cement News tagged: Corporate
Melón 2003 net profit up 6.68%
Chilean cement company Empresas Melón posted a 16.6bn peso (US$26.8m) consolidated net profit in 2003, up 6.68 per cent from the year before, Melón said in a statement to the country’s securitie
Holcim Slovakia
The largest cement producer in Slovakia, Holcim (Slovensko), Rohoznik, earned a net profit of SKK 111 million last year. "The company’s profit decreased compared with the previous year, while th
Buzzi Unicem’s balance sheet
On turnover 1.2 per cent lower at €1461m, Buzzi Unicem’s operating profit at the EBITDA level declined by 5.9 per cent to €433.9m in 2003. Adjusting for the weakness in the US and Mexican currencies
HeidelbergCement’s EBITDA falls
On a turnover falling 3.0 per cent at €6372m, HeidelbergCement operating profit at the EBITDA level fell by 10.7 per cent to €1024m, with trading profit 21.8 per cent lower at €391m. The net interest
Indocement’s debt continues to fall
Cement and clinker sales by Indocement, the second largest cement producer in Indonesia behind Gresik, declined by 3.9 per cent last year to 11.02Mt. Although the Indonesian cement market improved by
YTL buys back 2.6m shares
YTL Power International Bhd told the Stock Exchange it had bought back 2.6 million of its shares on Wednesday, all of which are retained in company’s treasury. It paid between RM3.34 to RM3.50
TPIPL changes strategy, seeks guarantee for bonds
TPI Polene Plc (TPIPL), the country’s third largest cement producer, said yesterday it plans to ask Krung Thai Bank Plc to be the guarantor for its planned issuance of bonds, a shift from its pr
Indonesia’s Semen Gresik delays audit report
PT Semen Gresik said it will delay releasing its 2002 and 2003 consolidated financial reports by six months to after this September due to a request to widen the scope of a special audit at subsidiary
YTL firms prices higher
The shares of four YTL companies closed sharply higher on March 24 after they announced to split their shares. YTL e-Solutions Bhd was among the day top gainers, rising 41 sen to close at RM1.76. It
Merrill initiates Chia Hsin coverage with "buy"
Merrill Lynch on Wednesday initiated coverage of Taiwan’s third largest cement maker Chia Hsin Cement Corp with a "buy" recommendation saying it was leveraged to growth opportunities in the boom
Beni Suef losses
Egyptian cement company Beni Suef Cement reported a net loss of 318.8m Egyptian pounds (US$51.7m) for 2003, up from 84.92m pounds (US$13.8m) in 2002. The wider net loss came despite an 11.4 per cent
Eurocement gains
In the first two months of this year, the Eurocement holding company produced more than 728,000t of cement, up 11.4 per cent year-on-year. In the period, bagged cement production increased by 11 per
Corporacion Noroeste to keep expanding
Corporacion Noroeste, the Spanish subsidiary of leading Portuguese cement producer Cimentos de Portugal (Cimpor), plans to carry on expanding this year in the Spanish autonomous region of Andalusia by
Taiwan cement company dividend boost
Thanks to the surge of cement prices and the contribution of invested subsidiaries in mainland China, Taiwan’s listed cement firms posted substantial profit growth last year and will distribute
TPIPL - Strong earnings growth
After meeting with TPI Polene (TPIPL) recently at an analyst’s meeting, The core business of TPIPL is viewed to continue to strengthen this year. TPIPL is expected to benefit from increased gove
Soboce issues US$35m bonds
Bolivia’s leading cement producer, Soboce, issued US$35m in bonds Monday (Mar. 22) to help restructure its debts. Issued as "Soboce bonds IV", interest will be payable every 180 days. Pacific C