Cement News tagged: Corporate
YTL firms prices higher
The shares of four YTL companies closed sharply higher on March 24 after they announced to split their shares. YTL e-Solutions Bhd was among the day top gainers, rising 41 sen to close at RM1.76. It
Merrill initiates Chia Hsin coverage with "buy"
Merrill Lynch on Wednesday initiated coverage of Taiwan’s third largest cement maker Chia Hsin Cement Corp with a "buy" recommendation saying it was leveraged to growth opportunities in the boom
Beni Suef losses
Egyptian cement company Beni Suef Cement reported a net loss of 318.8m Egyptian pounds (US$51.7m) for 2003, up from 84.92m pounds (US$13.8m) in 2002. The wider net loss came despite an 11.4 per cent
Eurocement gains
In the first two months of this year, the Eurocement holding company produced more than 728,000t of cement, up 11.4 per cent year-on-year. In the period, bagged cement production increased by 11 per
Corporacion Noroeste to keep expanding
Corporacion Noroeste, the Spanish subsidiary of leading Portuguese cement producer Cimentos de Portugal (Cimpor), plans to carry on expanding this year in the Spanish autonomous region of Andalusia by
Taiwan cement company dividend boost
Thanks to the surge of cement prices and the contribution of invested subsidiaries in mainland China, Taiwan’s listed cement firms posted substantial profit growth last year and will distribute
TPIPL - Strong earnings growth
After meeting with TPI Polene (TPIPL) recently at an analyst’s meeting, The core business of TPIPL is viewed to continue to strengthen this year. TPIPL is expected to benefit from increased gove
Soboce issues US$35m bonds
Bolivia’s leading cement producer, Soboce, issued US$35m in bonds Monday (Mar. 22) to help restructure its debts. Issued as "Soboce bonds IV", interest will be payable every 180 days. Pacific C
Semapa To Receive sizeable capital gain
Portuguese cement group Semapa is expected to pocket a capital gain of some Euro 50m from the sale of its 45.126 per cent stake in Portugal’s cement producer Secil, it was reported on March 23,
Cement Hranice sees profit growth
Czech building materials maker Cement Hranice, a unit of Germany’s Dyckerhoff Zement International, made an audited net profit of Kc408.3m for last year, a yr/yr rise of 11 per cent, and sales a
FIIs silent on L&T cement demerger
Foreign institutional investors can sometimes think and operate quite differently from their Indian counterparts. The shareholder poll on the amendments moved by minority shareholders to the main reso
Monarch Cement’s earnings hit two year low
EBITDA for The Monarch Cement Company for its quarter ended December 31, 2003 was $3,826,187, a 21 per cent decrease over the year earlier same quarter when Monarch Cement generated $4,846,099 in EBI
Quinn poised to takeover Barlo
The Quinn Group is on the verge of taking over Barlo plc after offering €84 million for the company, €14 million more than a controversial management buyout (MBO) bid. Sarcon, a Northern Ireland-regi
Heidelberg Cement results preview
HeidelbergCement will publish FY03 results on Thursday 25 th March 2003 and will hold an analyst meeting in Frankfurt. 2003 sales, already disclosed in February, fell 3 per cent to €6372m in line with
Gansu Qilianshan Cement
Shanghai-listed Gansu Qilianshan Cement Co has reported earnings per share of 0.115 yuan for the accounting year of 2003 ended Dec. 31, down from 0.12 yuan for the previous year. The company’s n
UAE Sharjah Cement posts profits
UAE cement producer Sharjah Cement and Industrial Development Company posted a net profit of US$15.5m for 2003, up from US$3.9m in 2002. Earnings per share stood at The company’s board of