Cement News tagged under: corporate
Heracles General Cement Company price 14. per cent above volume weighted price20 November 2008, Published under Cement NewsHeracles General Cement Company, Greece’s fourth largest Industrials company by market capitalisation, closed unchanged at €5.98. The price is at a premium of 14.8 per cent to the one month volume weighted average price of €5.21. In the past year the premium has been greater than 14.8 per cent just four times, suggesting a topish level and cautious buying at the current price. Compared with the FTSE/Athex 140 Index which fell 34.7 points (or 1.5 per cent) on the day, this represented a rel... |
Portland Tourah Cement Co rises 0.8 per cent20 November 2008, Published under Cement NewsPortland Tourah Cement Co rose 19.0 qirsh (or 0.8 per cent) to EGP25.46. Compared with the CASE 30 Index which fell 107.5 points (or 2.6 per cent) on the day, this represented a relative price change of 3.3 per cent. Relativities: Today its percentile rank in the Egyptian market was 77. In the Egyptian market of 349 stocks, the stock has a six-month relative strength of 97 which means it is beating 97 per cent of the market. A price rise combined with a high relative strength is a bullish s... |
Suez Cement Co increases 2.2 per cent20 November 2008, Published under Cement NewsSuez Cement Company increased 46 qirsh (or 2.2 per cent) to LE21.82, ending a two-day streak of losses. In the Egyptian market of 349 stocks, the stock has a 6-month relative strength of 99 which means it is beating 99 per cent of the market. A price rise combined with a high relative strength is a bullish signal. Compared with the CASE 30 Index which fell 107.5 points (or 2.6 per cent) on the day, this represented a relative price change of 4.7 per cent. |
Ambuja Cements rising in strong trading20 November 2008, Published under Cement NewsAmbuja Cements, India’s second largest Construction company by market capitalisation, increased Re0.85 (or 1.6 per cent) to INR55. Compared with the BSE Sensex Index which fell 163.4 points (or 1.8 per cent) on the day, this represented a relative price change of 3.4 per cent. |
Sri Lanka Tokyo Cement September net profit falls19 November 2008, Published under Cement NewsSri Lanka’s Tokyo Cement group said September quarter net profit fell 43 per cent to INR158m from a year ago, according to a stock exchange filing. The firm has been grappling with higher raw material, energy and transport costs, which resulted in a dip in profits last year. But it has said new eco-friendly manufacturing processes and products should help it revive profitability. Tokyo Cement has commissioned a bio-mass power plant and will soon commission a new vertical roller mill at it... |
India: Binani Ind cancels share swap with Binani Cement, Zinc18 November 2008, Published under Cement NewsBinani Industries Ltd said on Tuesday its board had decided to recall a plan to swap its shares with Binani Zinc Ltd and Binani Cement Ltd, due to a change in valuation of the cement unit. The installed capacity of Binani Cement has risen to up to 6Mta from 2.2Mta at the time of the filing of the scheme in 1995, the company said in a statement. |
Nigeria: cement company announces N4.7bn profit18 November 2008, Published under Cement NewsBenue Cement Company (BCC) Plc, a subsidiary of Dangote Industries Limited, has announced its third quarter results for the period January 1, 2008, to September 30, 2008, reporting a 118.81per cent increase in turnover, compared to the same period in 2007. Speaking in Lagos, Dangote Cement Chief Executive Officer, Tony Hadley, said, “the expanded capacity we have invested in at BCC is now coming on stream and we are delighted that this is reflected in the strong results we are announcing. ... |
Titan Cement Company hits year-low tenth time in three months18 November 2008, Published under Cement NewsTitan Cement Company hit a 52-week low of €9.52 during the day. In the last three months the stock has hit a new 52-week low ten times, pointing to a significant downtrend. The share price decreased €14 (or 1.4 per cent) to €9.80. Compared with the FTSE/Athex 140 Index which fell 110.4 points (or 4.6 per cent) on the day, this represented a relative price change of 3.2 per cent. |
Egypt Sinai Cement none-month pre-tax profit up four per cent17 November 2008, Published under Cement NewsEgypt’s Sinai Cement reported a four per cent rise in pre-tax profit for the first nine months of 2008 to EGP298.1m (US$53.9m, the stock exchange said on Sunday. The statement did not provide a reason for the rise. In a separate statement, the company said it approved doubling its issued capital to EGP700m. The increase will be done through issuing 35m free shares, the company said in a statement to the stock exchange. Shares in Sinai Cement were trading nearly one per cent up at EGP35.13 ... |
Egypt Beni Suef Cement nine month net profit up 5.6 per cent17 November 2008, Published under Cement NewsEgypt’s Misr Beni Suef Cement reported a 5.6 per cent rise in net profit for the first nine months of 2008 to EGP223.3m (US$40.34m) the stock exchange said on Sunday. It did not give further details in a statement on its website. (US$1= EGP5.535). |