RHI Magnesita buys stake in China's Jinan New Emei for EUR40 million
(Alliance News) - RHI Magnesita NV on Friday said it has agreed to buy a 65% shareholding in Jinan New Emei Industries Co Ltd for EUR40 million.
Read more(Alliance News) - RHI Magnesita NV on Friday said it has agreed to buy a 65% shareholding in Jinan New Emei Industries Co Ltd for EUR40 million.
Read more(Sharecast News) - RHI Magnesita said it was buying a 65% shareholding in China's Jinan New Emei for 293 million Chinese yuan (€40m).
Read more(Alliance News) - Stocks in London were mixed at the close on Monday, as a rise in Covid-19 infections in China weighed on investor sentiment.
Read more(Alliance News) - RHI Magnesita NV on Monday said it has bought an Indian refractory business via a share swap agreement, in exchange for shares in its subsidiary, RHI Magnesita India Ltd.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read more(Sharecast News) - RHI Magnesita said it had bought the Indian refractory business of Dalmia Bharat Refractories in a share swap agreement.
Read moreRHI Magnesita NV - Vienna-based supplier of refractory products - Deputy Chair & Senior Independent Director John Ramsay buys 2,760 shares at GBP19.65 each, for a total of GBP54,224. The shares were purchased on Friday on various exchanges.
Read more(Alliance News) - RHI Magnesita NV on Wednesday said it was trading in line with expectations, but demand varied by region, as it maintained earnings guidance for the year.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
Read more(Sharecast News) - RHI Magnesita reported a 33% improvement in first-half revenue on Monday, to €1.59bn (£1.33bn), and by 25% in constant currency terms.
Read moreRHI Magnesita NV - Vienna-based supplier of refractory products - Revenue for first half of 2022 rises 33% to EUR1.59 billion from EUR1.20 billion a year before. Pretax profit improves 14% to EUR142.4 million from EUR124.5 million. Says price increases worth EUR293 million since the first half of last year have been successfully executed, driving "strong" top-line growth and offsetting inflation pressure. Keeps dividend at EUR0.50 per share. Says full-year expectations unchanged based on strong demand in the year-to-date and order book for the second year. "More frequent and dynamic pricing discussions with customers have restored margins to acceptable levels following the delays in passing on cost increases in 2021. The group is confident that any further cost increases in 2022 can be passed on quickly to customers, who continue to value security of supply over price," RHI Magnesita says.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
Read moreRHI Magnesita NV - Vienna-based supplier of refractory products - Says its earnings before interest, tax, depreciation and amortisation are up 50% in the first quarter ended March 31, boosted by continued strong demand for steel and industrial products. However, revenue in the nine Commonwealth of Independent States countries "might be fully at risk", following the Russian invasion of Ukraine. The firm generated about 3.5% of its 2021 revenue in those countries, it explains.
Read more(Sharecast News) - RHI Magnesita said first-quarter profits were materially higher, driven by robust demand for steel and industrial products and price increases.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
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