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Jiangsu Xiuqiang Glasswork sees 2016 net profit up 87 pct to 112 pct

2:08am EST

Jiangsu Xiuqiang Glasswork <300160.SZ>: Sees net profit for 2016 up 87 percent to 112 percent, or to be 113 million yuan to 128 million yuan . Says the net profit of 2015 was 60.5 million yuan .Comments the development of sales of home appliances glass products and including new company into consolidated statements are the main reasons for the forecast.

Forterra shareholder to place 10 pct stake in firm -bookrunner

Friday, 13 Jan 2017 11:27am EST

Bookrunner: Placing of shares in Forterra Plc . LSF9 Concrete II Ltd, has agreed to sell approximately 20 million ordinary shares in company . Placing via an accelerated bookbuild through Peel Hunt and Numis Securities Ltd . Placing shares represent approximately 10 pct of company's issued share capital . Proceeds of placing are payable in cash and will be settled on a T+5 basis, and closing of placing is expected to occur on or about Jan. 13, 2017 .Forterra will not receive any proceeds from placing.

Grafton says group revenue for 2016 up 13.4 percent

Friday, 13 Jan 2017 02:00am EST

Grafton :Group revenue for 2016 was 2.51 billion stg, an increase of 13.4 per cent on revenue of 2.21 billion stg in 2015 and 10.4 per cent in constant currency..

Muehl Product & Service says district court Erfurt confirms insolvency plan

Thursday, 12 Jan 2017 05:30am EST

Muehl Product & Service AG :In the insolvency proceedings of Müuehl Product & Services AG i.L. the district court Erfurt confirmed the insolvency plan on 12.01.2017.

Ho Hup Construction Company awarded contract for 221.4 mln rgt

Thursday, 12 Jan 2017 05:28am EST

Ho Hup Construction Company Bhd : Awarded a contract by DSE for the supply of machinery, equipment, tools, labour and material . Deal for a contract sum of 221.4 million rgt .The contract is expected to contribute positively to the group's future earnings and net assets.

Lara updates northern Brazil copper mine

Wednesday, 11 Jan 2017 04:15pm EST

Lara Exploration Ltd : Lara updates progress of permitting and development work at the maravaia copper deposit in Northern Brazil . Lara Exploration -tessarema has been issued with installation license for tailings facility and filed its feasibility study with department of mines .Lara Exploration Ltd says tessarema's consultants are currently working to secure operating licenses that will allow start of commercial production.

Tangshan Jidong Cement expects to turn profitable in 2016

Wednesday, 11 Jan 2017 12:41am EST

Tangshan Jidong Cement Co Ltd <000401.SZ> : Sees net profit for 2016 to be 20 million yuan to 80 million yuan . Says the net loss of 2015 was 1.72 billion yuan .Says that cost reduction, increased sale volume and increased gross margin rate in core businesses as main reasons for the forecast.

Imerys issues a bond for 600 million euros

Tuesday, 10 Jan 2017 12:15pm EST

Imerys SA : Announces today the placement of a 600 million euros ($633.90 million) 10 year-bond issue with a 1.50 pct annual coupon corresponding to a spread of mid-swap + 92 BPS . Offer was almost 3 times oversubscribed . This issue will allow the co to anticipate the financing of the contemplated acquisition of Kerneos . Issue lengthens the average maturity of its bond financing from 5.5 to 6.5 years .Settlement date is scheduled on January 17, 2017.

Acico industries FY profit falls

Tuesday, 10 Jan 2017 07:50am EST

Acico Industries Company : FY net profit 7.2 million dinars versus 8.4 million dinars year ago . FY operating revenue 98.6 million dinars versus 97.6 million dinars year ago . Board recommends 15 percent cash dividend and 5 percent stock dividend for 2016 Source: (http://bit.ly/2iXP2Kk) Further company coverage: [ACIC.KW] ((Bangalore.newsroom@thomsonreuters.com;)).

Tangshan Jidong Cement expects to return to net profit in 2016

Tuesday, 10 Jan 2017 04:09am EST

Tangshan Jidong Cement Co Ltd <000401.SZ> :Says it expects to return to net profit of 20-80 million yuan ($2.89-$11.56 million) in 2016 versus net loss of 1.7 billion yuan year ago.

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