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Tires & Rubber Products

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Semperit Holding Q1 earnings after tax up to EUR 62.8 mln

Tuesday, 16 May 2017 01:07am EDT

May 16 (Reuters) - SEMPERIT HOLDING AG ::REVENUE IN Q1 2017 INCREASED BY 4.5% TO EUR 229.3 MILLION * HIGH GROWTH IN EARNINGS DUE TO SUCCESSFUL TERMINATION OF JOINT VENTURE.Q1 EBITDA ROSE TO EUR 94.4 MILLION (AFTER EUR 26.7 MILLION IN Q1 2016), WHILE EBIT INCREASED TO EUR 86.4 MILLION (AFTER EUR 18.6 MILLION).Q1 EARNINGS AFTER TAX INCREASED TO EUR 62.8 MILLION (AFTER EUR 10.1 MILLION), WHILE EARNINGS PER SHARE ROSE TO EUR 3.06 (AFTER EUR 0.49).TOTAL CAPITAL EXPENDITURES (CAPEX) OF AROUND EUR 80-90 MILLION (2016: EUR 65 MILLION) HAVE BEEN PLANNED FOR 2017.RECORDED HIGH POSITIVE ONE-OFF EFFECTS IN Q1 OF 2017 DUE TO TERMINATION OF ALMOST ALL JOINT VENTURE ACTIVITIES WITH THAI SRI TRANG AGRO-INDUSTRY PUBLIC CO LTD GROUP.DUE TO LIMITED VISIBILITY, AN OUTLOOK FOR FINANCIAL YEAR 2017 CAN STILL NOT BE PROVIDED.NEGATIVE EARNINGS EFFECTS WERE RECORDED DUE TO HIGHER RAW MATERIAL PRICES.ASSUMES WEAK MARKET DEVELOPMENT OF Q1 OF 2017 MIGHT PARTIALLY CONTINUE IN UPCOMING REPORTING PERIODS, SO THAT CONSIDERABLE NEGATIVE EFFECTS ON OPERATIONAL RESULTS IN COMPARISON WITH PREVIOUS YEAR MUST BE EXPECTED.

SIPH Q1 total revenue rises to 94.7 million euros

Monday, 15 May 2017 01:13pm EDT

May 15 (Reuters) - SOCIETE INTERNATIONALE DE PLANTATIONS D'HEVEAS SA ::Q1 TOTAL REVENUE EUR 94.7 MILLION VERSUS EUR 53.8 MILLION YEAR AGO.

Inoue Rubber Thailand posts qtrly net profit of 102.5 mln baht

Monday, 15 May 2017 09:41am EDT

May 15 (Reuters) - Inoue Rubber Thailand Pcl ::Qtrly net profit 102.5 million baht versus 144.1 million baht.

CTI Industries Q1 earnings per share $0.02

Monday, 15 May 2017 08:00am EDT

May 15 (Reuters) - Cti Industries Corp :Cti industries corporation reports first quarter 2017 results.Q1 earnings per share $0.02.Q1 sales $15.36 million versus $15.21 million.

Yokohama Rubber unit says fire accident

Monday, 15 May 2017 04:39am EDT

May 15 (Reuters) - Yokohama Rubber Co Ltd <5101.T>:* Says fire accident happened in a warehouse of unit YOKOHAMA TIRE PHILIPPINES,INC. on May 14.* Other details not disclosed .

Sanlux to pay A shares annual div for FY 2016 on May 19

Sunday, 14 May 2017 11:27pm EDT

May 15 (Reuters) - Sanlux Co Ltd <002224.SZ> ::* Says it will pay cash dividend of 1 yuan(before tax)/10 shares for 2016 to shareholders of record on May 18.* The company's shares will be traded ex-right and ex-dividend on May 19 and the dividend will be paid on May 19.

Rision Ltd partners with Revel Systems Inc

Sunday, 14 May 2017 10:09pm EDT

May 15 (Reuters) - Rision Ltd :partners with Revel Systems Inc; partnership involves opening 30,000+ terminals in US market.

Kuriyama Holdings unit sells unit to CAMCO for 2.47 bln yen

Friday, 12 May 2017 02:46am EDT

May 12(Reuters) - Kuriyama Holdings Corp <3355.T>:Says its unit sold its entire 493,5000 shares (98.7 percent stake) of an Osaka-based unit to CAMCO CO.,LTD., which is engaged in real estate business, at the price of 2.47 billion yen, on May 12.

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