Eagle Material reports second quarter rise in earnings, USA
Eagle Materials has reported continued growth in sales volumes and earnings in the second quarter as revenues rise 22 per cent to US$164.7m. Second quarter sales volumes improve...
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Jiangxi Wannianging Cement profit declines, China
Jiangxi Wannianging Cement has posted an 82.33 per cent drop in net profit for the first nine months of 2012 on the back of lower sales volumes and prices. For the nine months t...
Indian cement prices rise
A positive cement pricing trend which started in September has continued into October across most of India.
Asia Cement profit falls, China
Asia Cement (China) said that revenue for the first nine months of 2012 was CNY4.73bn (US$757m), a decline of 19.83 per cent from a year earlier. Gross profit declined 58.5 per ...
JP Morgan expects improved China pricing environment
JP Morgan has raised its target price for BBMG Corp to HK$6.5 from HK$5.5 and maintained its “neutral” rating and sees improved trading conditions in the second half of 2012.
Anhui Conch earnings outlook raised, China
Despite Anhui Conch posting a 67 per cent YoY decline in third quarter net profit, Credit Suisse and Citigroup see an improved outlook for the Chinese cement major.
DG Khan first quarter boosted by prices, Pakistan
Pakistan cement producer DG Khan Cement Ltd (DGKC), reported a significant rise in net income in the first quarter of the current fiscal thanks to rising cement prices.
Buzzi Unicem expected to revise 2012 EBITDA guidance
Brokerage Equita expects Italian cement maker Buzzi Unicem to report a 21 per cent rise in EBTIDA for the first nine months of 2012 to EUR177m.
Mozambique prices expected to fall
Mozambique’s minister of industry and trade Armando Inroga expects cement prices will fall by year-end as production stabilises. Further reductions are expected next year as com...
Anhui Conch Cement sees strong September sales and output growth, China
The start of peak seasonal demand in China has boosted Anhui Conch's September sales and output as average prices register weekly gains.