Cement News tagged under: corporate
West China Cement delays Hong Kong listing21 May 2010, Published under Cement NewsWest China Cement has postponed its move to the Hong Kong Stock Exchange because of the current stockmarket turmoil. The move to a HKEx listing and cancellation of the AIM quotation were supposed to happen before the end of June. A date of 18 June had been indicated in April. West China currently expects the move to happen some time in the second half of 2010. The exact timing of the move will depend on market conditions. The West China share price has fallen by more than one-third... |
JK Lakshmi Cement declines on dismal Q4 results19 May 2010, Published under Cement NewsJK Lakshmi Cement declined 1.29 per cent to INR65 at 9:48 IST on BSE, after net profit fell 32.63 per cent to INR70.12 crore in fourth quarter ended March 2010 against same quarter last year. On BSE, 41,603 shares were traded in the counter as against an average daily volume of 80,706 shares in the past one quarter. The stock hit a high of INR66.25 and a low of INR63.25 so far during the day. The stock had hit a 52-week high of INR84.85 on 19 January 2010 and a 52-week low of INR40... |
Egypt’s Sinai Cement posts Q1 net profit of US$27.7m19 May 2010, Published under Cement NewsEgypt’s Sinai Cement posted consolidated net profit of EGP156m (US$27.7m) in the first quarter of 2010, the stock exchange said on Tuesday. The statement did not provide a comparative consolidated profit figure for last year but said non-consolidated net profit for the first quarter of 2010 was EGP155.3m, down from EGP158m the same period last year. Shares in Sinai Cement, the local unit of France’s Vicat , closed 0.5 per cent higher at EGP49.5 . The benchmark index closed 1.8 per ... |
Australia: Adelaide Brighton warns of challenges19 May 2010, Published under Cement NewsBuilding materials company Adelaide Brighton Ltd warns it faces challenges including foreign exchange issues, cost pressures and competition from imports. While the company’s well positioned for growth, it faces a number of challenges during the next 12 months, managing director Mark Chellew told the company’s annual general meeting on Wednesday. He says foreign exchange changes are an issue, with contract renewal negotiations due next year with major cement and lime customers. Mr ... |
Dalmia Cement Board to consider Final Dividend for 2009-10??18 May 2010, Published under Cement NewsDalmia Cement (Bharat) Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 26, 2010, inter alia, to consider and approve the Audited Financial Results for the year ended March 31, 2010 and recommend the final Dividend, if any, for the financial year 2009-10. The Board will also fix the dates of book closure for the purposes of payment of final Dividend, etc. |
Attock completes due diligence for Al-Abbas acquisition17 May 2010, Published under Cement NewsPakistan cement producer Attock Cement has completed due diligence process for acquiring fellow domestic manufacture Al-Abbas Cement and it will take 30-60 days to complete the acquisition process if its offer gets accepted, an Attock Cement official said on Thursday. “We will bid for the target company before May 25,” said Irfan Amanullah, General Manager, Attock Cement. If the deal materialises, Attock Cement’s production would rise to 2.7Mta from the existing 1.8Mt... |
Egypt’s Misr Beni Suef Q1 net profit falls to US$19m17 May 2010, Published under Cement NewsEgypt’s Misr Beni Suef Cement posted a 1.2 per cent fall in net profit to E£106.1m (US$19m) for the first quarter of 2010, the stock exchange said on Sunday. The company, which gave no further details on its results, had made a net profit of E£107.4m in the same period a year earlier. |
Cimpor expects to raise EUR58m through sale of subsidiaries14 May 2010, Published under Cement NewsCimpor is expected to raise EUR58m through the sale of its shareholdings in Portuguese Cimento E Produtos Associados, S.A (C+PA) and Cementos del Marquesado. The company currently owns a 48% stake in C+PA and a 27% holding in Cementos del Marquesado (Spain) for which it hopes to raise €47.2m and €11.05m, respectively. |
Benue Cement shareholders okay dividend, Nigeria13 May 2010, Published under Cement NewsShareholders of Benue Cement Company (BCC) Plc, yesterday, unanimously endorsed the NGN3.9bn dividends declared by its Board of Directors for the financial year ended December 31, 2009. The shareholders at the 30th Annual General Meeting (AGM) in Kano commended the Board and management for the impressive results which was attributed to the turnaround carried out by the new management of the company. The company which had not declared dividend for some years back paid a total dividend of NG... |
Akmene Cement’s FY net profit slumps13 May 2010, Published under Cement NewsAkmenes Cementas (Akmene Cement), Lithuania’s only cement manufacturer, said that its net profit plunged to LTL5.368m (EUR1.56m) last year, down from LTL48.754m in 2008. Annual revenues more than halved to LTL125.2m as cement sales almost halved to 572,400t, the company’s spokesman, Richardas Sudaris, told BNS. Sudaris said that the final results for the first quarter were not yet available but noted that trends were improving. "We have increased exports significantly compared with the st... |