Iberian impairments push Cimpor into a loss
Cimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere.
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The US recovery is the one bright spot for Titan
Titan’s first half turnover declined by 1.6 per cent to €547.9m and the EBITDA fell by 21.3 per cent to €112.1m, as the cement producer is caught amid a continued downturn it it...
Sanghi Industries swings to full year profit, India
India-based cement producer Sanghi Industries Ltd reported a net profit in fiscal year 2011-12 compared to a loss in the previous year as margins and sales improve in the fourth...
Improved outlook for Omani cement companies
Oman cement companies are set for brighter times ahead as inflows of cheap cement from the UAE decline and demand picks up both in the UAE and the sultanate, according to a repo...
JP Morgan lowers BBMG Corp target price, China
JP Morgan has lowered its target price for BBMG Corp to HK$5.5 from HK$6.3 and maintained its ‘neutral’ rating. The research house says the weakness in the cement business was o...
Cherat Cement full-year net profit jumps, Pakistan
Pakistan-based producer Cherat Cement posted a rise in net profit to PKR436.8m for the fiscal year ended 30 June 2012 (FY12) from PKR68.851m, according to reports in the Pakista...
China Shanshui Cement first-half net profit falls 41 per cent
China Shanshui Cement has reported a net profit of CNY728m (US$114m) for the first half of 2012, representing a decline of 41 per cent YoY on the back of a slowing demand. In th...
Adelaide Brighton sees improved outlook, Australia
Australian building materials producer Adelaide Brighton has lifted its first-half net profit by nearly 10 per cent and indicated a modest rise in annual earnings.
West China Cement net profit drops 65%, China
West China Cement has reported a 65 per cent drop in first-half profit as selling prices declined and production costs increased.
Lucky Cement domestic sales boost full-year profit, Pakistan
Lucky Cement reported a 71 per cent rise in full year net profit as domestic sales offset a decline in exports. Net income was PKR6.78bn (US$71.8m) in the 12 months ended 30 Jun...