Cement News tagged under: corporate
China National Building Materials net profit soars01 September 2008, Published under Cement NewsHong Kong-listed China National Building Material Co, Ltd (CNBM), one of China’s largest building material manufacturers, announced its net profit reached RMB545.6m, a significant increase of 112.8% over the same period last year. According to the company’s statement filed with the Hong Kong Stock Exchange, during the reporting period its revenue was RMB 9.82bn, an increase of 169.6% year-on-year, with earnings of RMB 0.24 per share, up from RMB 0.12 per share. CNBM said the sharp rise in ... |
Saudi Arabian Cement Co 1H net profit up01 September 2008, Published under Cement NewsSaudi cement producer Arabian Cement Company (ACC) registered a 5.2 per cent YoY increase in net profit to SAR205.6m (US$54.8m) in the first half of 2008. ACC’s operating profit stood at SAR215.1m (US$57.4m) for the six months ended June 30, 2008, up 14.1 per cent YoY, boosted mainly by stronger sales and higher revenue from affiliated companies. In the second quarter of 2008, the company booked a net proft of SAR90.4m (US$24.1m), a decrease from 102.3 mln riyals (US$27.3m) a year ago. |
PPC announces key executive appointments, South Africa27 August 2008, Published under Cement NewsIn line with its transformation philosophy and focus on the development and promotion of black talent from within, PPC is pleased to announce that four executive appointments have been made in the key areas of Technical Services, Sales and Marketing, Transformation, and at its operation in Zimbabwe. Roshni Lawrence has been promoted to Executive: Technical Services for the PPC Group. "This is a key role going forward," says Chief Operating Officer Dr Orrie Fenn. Lawrence spent the... |
Jidong Cement H1 revenue hiked 39.59% annually26 August 2008, Published under Cement NewsShenzhen-listed Tangshan Jidong Cement Co, Ltd reported CNY 2.232bn revenue for the first half of 2008, surging 39.59% YoY. The revenue came mainly for the sale of 12.0284Mt of cement and cement clinker, up 28.54% from a year earlier. Net profit reached CNY 154.34m, a year-on-year increase of 4.61%, though the company operated under the pressure caused by constant coal price increase, coal supply shortage, and a growth in transportation cost in the first half. Basic earnings per share ... |
Russia’s RTM replaces CEO after stake sale26 August 2008, Published under Cement NewsRussian real estate firm RTM said on Monday it was replacing General Director Eduard Vyrypayev after selling a large stake to new investors. RTM said last week it had sold a large stake to new investors including some with links to shareholders in Russian cement maker Sibirskiy Cement. It did not disclose the stake size, nor financial details of the deal. In a statement on Monday, RTM said its board of directors had named Sergei Khrapunov, a former Vice-President of Sibirskiy Cement, as ... |
Portugal Cimpor 1H08 profit seen down 10.7%26 August 2008, Published under Cement NewsCimpor is seen to post a 10.7 per cent annual drop in the first-half of 2008 net profit to EUR117.6m, estimates of five analysts polled by Reuters and cited by Jornal de Negocios showed on August 25, 2008. The slump in the profit was grounded on the increased financial costs and the surge of the energy prices. The turnover is expected to grow by 5.3 per cent to EUR983.1m mainly on the back of the good results on the Brazilian, Turkish and the South African markets. The estimates EBITDA... |
Holcim Indonesia seeks loan from IFC26 August 2008, Published under Cement NewsIndonesia’s third largest cement maker PT Holcim Indonesia is seeking a loan from International Finance Corp (IFC) to finance construction of a new cement factory in Tuban, East Java. The project cost is estimated to increase to around US$600m from previous estimate of US$240m as a result of an increase in the steel prices. Holcim Indonesian President Tim Mckay said the swelling cost requires additional capital expenditure this year. The new factory is expected to expand the production... |
Pakistan’s Lucky Cement year net profit up 5.1 per cent22 August 2008, Published under Cement NewsPakistan’s biggest cement maker, Lucky Cement, posted a better-than-expected 5.1 per cent rise in its full-year net profit on Thursday. The firm said it earned a net profit of PKR2.68bn (US$36 million) in the fiscal year ending on June 30, up from PKR2.55bn earned last year. Five analysts had forecast the firm to earn an average PKR2.55bn , Reuters estimates showed. |
Portuguese Semapa 1H08 profit drops 22 per cent YoY22 August 2008, Published under Cement NewsPortuguese industrial conglomerate Semapa closed the first half of 2008 with a net profit of EUR55.7m (US$82.7m), down 22 per cent YoY, the group informed in a filing the national bourse regulator CMVM on August 21. The annual drop reflected mainly a capital gain booked in the same period of the previous year, Semapa explained. The turnover of the group, however, went up by six per cent to EUR746.1m (US$1.108bn). The figure was below the preliminary projections of the analysts for a turn... |
Adelaide Brighton says looking at Cemex Humex arm21 August 2008, Published under Cement NewsAustralian cement producer Adelaide Brighton Ltd Managing Director Mark Chellew said the group would look at the Humes concrete pipes business that Cemex is looking to sell. However he also said Adelaide Brighton was unlikely to make any big acquisitions in the near term. "We look at all acquisitions going forward. But I think the reality is that we’re not planning any large acquisitions over the next six months. But at the same time we do look at everything," Chellew told reporters. |