Cement News tagged under: 4Q12
PPC targets African expansion strategy30 January 2013, Published under Cement NewsPPC said in a trading update that it is pursuing additional buyout opportunities in Africa, which it expects to announce during the year. In its 4Q12 report ended December, it said last year’s 51% acquisition of cement maker Cimerwa in Rwanda for US$69.4m was a 'significant step' in its African expansion strategy. It also said receipt of its Zimbabwean indigenisation certificate in November was an important step into Africa. Group chairman Bheki Sibiya said the quarter was characterised ... |
Siam Cement profits recover in 4Q1230 January 2013, Published under Cement NewsSiam Cement (SCC) said its profits more than doubled in the 4Q12 after sales rebounded from flooding a year earlier and dividend income increased. Net income was THB6.91bn (US$231.7m), or THB5.8 a share, compared with THB3.20bn, or THB2.66, in the same period a year earlier, the company said in a statement. Siam Cement’s profit slumped in the 4Q11 as Thailand’s worst floods in almost 70 years shuttered factories and halted construction projects. Full-year earnings fell 14 per cent in 2012 ... |
Oman Cement posts 4Q12 record performance30 January 2013, Published under Cement NewsOman Cement posted the best quarterly performance in the 4Q12 with sales revenue reaching OMR15.308m (US$39.7m) showing an increase of 31.4 per cent YoY and 11.8 per cent on QoQ. The overall profit after tax for the year ended 2012 stood at OMR17.511m which increased significantly by 37 per cent on year thanks to higher sales and improvement in margins. For the final quarter of 2012, the earnings of the company witnessed a significant jump of 50 per cent YoY and 21.1 per cent on QoQ to OMR... |
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