Australia: Adelaide Brighton’s net profit in the first half of 2019 was US$37.0m, down by 35% from US$57.0m in the half year up to 30 June 2018. Chief executive Nick Miller told The Australian that Adelaide Brighton may consider a merger with Barro Group, which holds a 43% stake in the former.
Dangote Cement considering US$322m cement plant in Niger
Niger: Dangote Cement has expressed an interest in establishing a 1.64Mt/yr cement production unit, complete with a grinding plant and gas energy plant, in Niger. Agence Ecofin reports that Dangote, Africa’s leading cement producer, aims to fill the Nigerien cement supply gap amidst an infrastructure boom fuelled by the country’s oil ambitions.
Sinai’s losses increase year-on-year
Egypt: In a statement sent to EGX, Sinai Cement recorded first half net losses of US$11.3m, an increase of 20.1% on the US$4.00m recorded in losses in the same period of 2018.
Boral discloses its bad year to June 2019
Australia: Boral has suffered a decline in full year net profits of 38% to US$184m. This comes following USG-Boral’s statement regarding substantive changes to its gypsum dealings with Knauf.
