Saudi Cement net profit rises on improved efficiency
Saudi Cement Company said net profit in the first quarter of 2013 rose 4.5 per cent YoY, attributed to an increase in output thanks to improved operating efficiency. Net pro...
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Yamama Cement 3Q net profit remains flat YoY
Saudi cement producer Yamama Cement Company said yesterday that according to preliminary results, its net profit stood at SAR277m (US$73.9m) for the first quarter of 2013, almo...
Yanbu Cement 1Q13 net profit surges on expansion, Saudi Arabia
Yanbu Cement announced that, according to preliminary figures, its net profit for the first quarter of 2013 surged by 70 per cent YoY, on the back of increased capacity. Net...
Goldman Sachs upgrades Titan, Greece
Goldman Sachs has upgraded Titan Cement Co to neutral from sell, Dow Jones reports. While the investment bank remains cautious on Titan's end markets in the near term, it says ...
Vicem Hoang Mai Cement posts first-quarter loss
Vicem Hoang Mai Cement JSC (HOM) has posted a first quarter loss of VND10bn (US$476,100) attributed to increased costs. The company closed 2012 with a net profit of VND112.7...
Al Abbas Cement announces name change, Pakistan
Pakistan-based producer Al Abbas Cement has officially changed its name to Power Cement, the company informed the Karachi Stock Exchange yesterday. The company operates a ce...
Votorantim Cimentos sees gains in Brazil, USA
Votorantim Cimentos’ turnover was nine per cent higher at BRL9800m (US$4.85bn) in 2012 and the EBITDA improved by around 11 per cent to BRL3200m. In Brazil, both volumes an...
Dongwu Cement's net profit slumps, China
Dongwu Cement International Ltd saw its net profit slump 98.81 per cent YoY to CNY1.04m (US$ 167,722) . Operating revenue, meanwhile, dropped 30.8 per cent YoY to CNY321m in 20...
Buzzi Unicem net profit down on declines in Central Europe, Italy
Buzzi Unicem said on Thursday it posted an attributable net loss of EUR28.5m in 2012 compared with a profit of EUR27m in 2011, due to declines in Central Europe and a major slo...
Texas Industries third-quarter loss narrows, USA
Texas Industries, Inc reported a net loss of US$5.8m for the third quarter ending 28 February 2013 compared to a net loss of US$24.3m in the same period a year before. “Cons...