Cement News tagged under: Cahya Mata Sarawak Bhd
Richard Curtis retires as CMS Group MD02 January 2018, Published under Cement NewsRichard Curtis has retired from his position as Group Managing Director of Malaysian cement producer, Cahya Mata Sarawak Bhd (CMS) as of 1 January 2018. He will remain on the Board of CMS as non-independent non-executive director. Y A M Tan Sri Dato' Seri Syed Anwar Jamalullail, CMSB’s Group Chairman, said: "On behalf of everyone at CMS, I would like to thank Dato' Richard for his stewardship and commitment to the company for over 11 years. Dato' Richard’s legacy will be his pioneering lead... |
CMS sees 3Q profit rise30 November 2017, Published under Cement NewsMalaysia's Cahya Mata Sarawak Bhd (CMS) reported 3Q17 consolidated revenues of MYR347.968m (US$85.12m), down 2.3 per cent from MYR356.06m in 3Q16. Profit before tax edged up from MYR94.744m in 3Q16 to MYR95.58m one year later while profit attributable to ordinary equity holders of the parent company rose 5.7 per cent YoY from MYR58.715m to MYR62.04m. The group attributed the improvement in profit to lower production costs in the cement division. In its outlook, CMS expected the operat... |
Malaysia: CMS Cement division sees 14% drop in 9M16 pretax profits01 December 2016, Published under Cement NewsMalaysia’s Cahya Mata Sarawak Bhd (CMS) reported a total revenue of MYR1.10bn and a pretax profit of MYR160.41m in the first nine months of 2016, down 14 and 40 per cent YoY, respectively. The group’s cement division recorded a pretax profit of MYR76.98m, a decrease of 14 per cent YoY when compared with the record MYR89.23m recorded in 9M15. The company attributes the fall in profits to lower sales volumes, expenditure linked to the new cement mill and an unscheduled shutdown of the clink... |
Malaysia: CMS relies on cement demand16 August 2016, Published under Cement NewsDespite its stock falling in April, Cahya Mata Sarawak Bhd (CMS) has managed to pick up momentum, registering a share price growth of 17.7 per cent between May and 12 August 2016. The company will be looking to capitalise on the MYR16bn (US$4bn) Pan Borneo Highway infrastructure project. MYR9bn (US$2.2bn) worth of contracts have already been awarded by Lebuhraya Borneo Utara Sdn Bhd for the project and local market players will now be focussing on increasing capacity and sourcing material... |
Malaysia: Cahya Mata Sarawak to raise MYR1bn for capex08 April 2016, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) plans to raise MYR1bn (US$255.9m) in syariah-compliant fund for its capital expenditure (capex) requirements and working capital. According to Group Chairman, Tan Sri Syed Anwar Jamalullail, the Sarawak conglomerate expects to undertake a proposed sukuk programme of up to MYR1bn in nominal value for a period of up to 20 years. This proposed sukuk programme will help fund CMS' working capital and capital expenditure requirements as well as offset general corp... |
CMS cement division sees decline in pretax profit02 March 2016, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) of Malaysia said group revenue rose seven per cent to MYR1.79bn (US$430m) in 2015 from MYR1.67bn a year earlier, mainly driven by the Construction Materials & Trading Division and Construction & Road Maintenance Division. Group pretax profit increased by 12 per cent to MYR381.65m in 2015 from MYR341.45m in 2014, primarily due to higher revenue recorded by the two previously-mentioned divisions and higher share of results of associates contributed by a newly-ac... |