Egypt: Supreme Administrative Court suspends privatisation appeal
The Supreme Administrative Court has decided to halt proceedings looking into the appeal against the privatisation of Egypt-based Beni Suef Cement Company.
Titan
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Titan to issue EUR300m Eurobond
Titan Global Finance plc, a subsidiary of Titan Cement SA, on Monday announced plans to sell a five-year Eurobond issue worth EUR300m. Greece-based Titan said in a statement tha...
Titan recovers in southern Europe and Florida
Titan's first quarter turnover improved seven per cent to EUR251.8m, under the new accounting rules that ignore the turnover of joint ventures, and the EBITDA staged a 30.9 per ...
Cementarnica Usje 1H net profit declines, Macedonia
Macedonia’s sole cement producer Cementarnica Usje AD Skopje reported consolidated net profit in the first half of the year fell to MKD616.4m (EUR10m) from MKD741.3m a year ago.
Titan's European profitability suffers
Titan's first-half turnover improved by 4.4 per cent to €571.9m but the EBITDA fell by 17.8 per cent to €92.2m as European profitability continues to suffer.
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 c...
Titan’s Greek profits fall by 60%
Titan’s turnover declined by 19.2% last year to €1091.4m and the EBITDA fell by 23% to €242.7m. The net financial charge rose by 5.9% to €66.3m, and after €18.7m of impairment c...