Egypt’s Misr Beni Suef earnings edge higher, hit by power shortages
Misr Beni Suef Cement announced that net profit for the first half of 2012 reached EGP188m (US$31m) versus net profit of EGP155m in the same period of last year. Meanwhile, the ...
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CRH advances strongly in the Ukraine
CRH’s first half turnover improved by 5.2 per cent to €8,588m, but the EBITDA came off by 1.1 per cent to €568m. The better weather conditions in North America were offset by a ...
Credit Suisse: China materials sector outlook
With 1H12 earnings season ahead, Credit Suisse believes "surprises are more on the downside for the China material sectors." It expects a "deep loss" in the steel and aluminium ...
India Cements 1Q net profit drops 39.2%
India Cements Ltd today said that it has reported a decline of 39.2 per cent in its net profit for the first quarter ended June 2012 at INR62.07 crore.
Kuwait Cement first half net profit rises
Kuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.84m (US$31.3m) for the six months ended June 30, 2012, slightly up from KWD8.69m a year ea...
Fujairah Cement reverses loss, increases sales, UAE
Fujairah Cement reported increased sales in the six months to June 2012 of 16 per cent to US$$83.6m in the six months to June 30 and it reversed a $2.4m loss last year into a $5...
Taiheiyo Cement falls 7% on weaker April-June operating profit
Shares in Taiheiyo Cement Corp opened lower Monday, weighed down by the firm's announcement on Friday that it recorded a JPY490m (US$6.3m) operating profit for the April-June qu...
Hilal Cement’s net profit drops, Kuwait
Hilal Cement’s net profit dropped to KWD 295,166 (US$1m) for the first half of 2012 from KWD808,427 a year earlier, the company said in a bourse filing. The company reported ear...
China Resources Cement 1H net down 69%
China Resources Cement said its profit attributable to owners dropped 68.9 per cent YoY to HK$635m (US$81.9m) for the six months ended 30 June 2012. Turnover was up 9.8 per cent...
Middle East market developments
Cement producers in the Gulf Cooperation Council (GCC) nations witnessed a 24.3 per cent increase in revenues in the first quarter of 2012, reaching US$1.26bn (AED4.62bn) as con...