Dalmia Cement (Bharat) has raised its stake in OCL India to 45.4% from 21.7% percent earlier, in an all cash deal. Dalmia Cement bought 13.46 mn shares, or 23.66%, of OCL India at INR131.83 per share.
Dalmia Cement (Bharat) Ltd. Of India manufactures cement, clinker and sugar. The manufacture and sale of sugar accounts for a [...]
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[DCB IN] Dalmia Cement :: increases in OCL India from 21.7% to 45.4%
[AFX SJ] Afrox :: Dismal FY 2009 EPS outlook
African Oxygen said that FY 2009 EPS, excluding one-off items, known as headline earnings, fell by 40-50% YoY, considerably below analyst expectations.
Afrox is scheduled to release FY 2009 results on February 18th. For FY 2008 Afrox had reported headline EPS of ZAR1.34.
Afrox is the largest gases and welding products supplier in South Africa, with products [...]
[SUEL IN] Suzlon Energy :: unit gets 295 mW wind farm contract
Suzlon Energy’s units REpower System AG has received a contract for the order from German utility RWE Innogy to deliver 48 wind turbine farm projects. Suzlon Energy holds a 90.71% stake in REpower System AG. The 48 wind turbines of the model REpower 6M have a total capacity of 295 mW and have to be [...]
[GULFNAV UH] Gulf Navigation :: FY 2009 NI off 82% YoY to AED26.55 mn
Gulf Navigation Holding’s FY 2009 NI fell by 82% YoY to AED26.55 mn ($7.2 mn) from AED148.22 mn in FY 2008, while FY 2009 Sales fell by 15% YoY to AED338.16 mn versus AED395.93 mn in FY 2008. Lower sales were explained by lower freight rates, said the company. Operating Profits Before Depreciation and Interest [...]
[ARMX UH] Aramex :: 4Q 2009 NI up 28% YoY to AED49.5 mn, beats consensus
Aramex 4Q 2009 NI rose by 28% YoY to AED49.5 mn ($13.5 m) from AED38.8 mn in 4Q 2008 as Sales rose by 5% YoY to AED524.8 mn from the AED 500.5 mn in 4Q 2008. FY 2009 Revenues fell by 6% YoY to AED1,961 mn from AED 2,080 mn in FY 2008, while FY [...]
[SONA IN] Sona Koyo :: Fiscal 3Q 2009 in black with PAT of INR68.9 mn
Sona Koyo Steering Systems’s fiscal 3Q 2009 (ending December 31, 2009) Profit After Tax (PAT) was INR68.9 mn versus a loss in 3Q 2008 of INR172.4 mn, on improved efficiencies and stable foreign exchange rates. Net sales in 3Q 2009 rose by 47.17% YoY to INR2,212.1 mn from INR1,503.1 mn in 3Q 2008.
Sona Koyo Steering [...]
[GVKP IN] GVK Power :: Fiscal 3Q 2009 up 105% YoY to INR458 mn
GVK Power & Infrastructure’s fiscal 3Q 2009 (ending December 31, 2009) consolidated NI rose by 105.4% YoY to INR458 mn from INR223 mn in 3Q 2008. Consolidated 3Q 2009 Total income rose by 348% YoY to INR4,843.5 mn from INR1,080.2 mn in 3Q 2008. Fiscal 3Q 2009 Net sales rose by 353.8% YoY to [...]
[SCI IN] Shipping Corp :: Fiscal 3Q 2009 NI off 53% YoY to INR870 mn
Shipping Corporation of India (SCI) saw fiscal 3Q 2009 NI decline by 52.8% YoY to INR874.4 mn from INR1,854.3 mn in 3Q 2008, while fiscal 9M 2009 NI declined by 67.4% YoY to INR2,410.6 mn from INR7,399.1 mn in 9M 2008. Fiscal 3Q 2009 Net Sales came to INR8,454.3, down 24% YoY from INR11,131.3 mn [...]
[MAN IN] Man Industries :: Fiscal 3Q NI up 11-fold to INR309.2 mn
Fiscal 3Q 2009 (ending December 31, 2009) NI surged more than eleven-fold YoY to INR309.2 mn from INR26.9 mn in 3Q 2008. However, 3Q 2009 net sales fell by 3.78% YoY to INR4.393 bn from INR4.566 bn in 3Q 2008.
Man Industries (India) Ltd. is an ISO-9001 accredited company is a member of The Man Group [...]
[TTMT IN] Tata Motors :: Fiscal 3Q 2009 NI INR4 bn, misses estimates by 16%
Tata Motors, India’s largest commercial vehicle manufacturer, reported INR4 bn ($87 mn) standalone NI for fiscal 3Q 2009 ending December 31, 2009, reversing a losing streak. Its fiscal 3Q 2008 yielded a Net Loss of INR2.63 bn in the same quarter of December 2008. The results missed expectations, however, because despite better margins, Tata Motors [...]