Published by
Joseph Green,
Editor
World Cement,
According to the latest report by Reuters, HeidelbergCement hiked its dividend by 73% after increasing 2015 net profit by two thirds.
It forecast investment of €1.1 billion this year and reported that strength in Britain and the United States was outweighing weakness in Asia.
HeidelbergCement earlier reported 2015 results and a dividend increase that lifted its shares 1.3% to the top of the German blue-chip index.
Edited from source by Joseph Green. Source: Reuters
HeidelbergCement has announced that it would increase its dividend payout ratio and consider share buybacks.
2014 marked HeidelbergCement’s most successful year since the financial crisis, with a significant improvement in sales volumes, revenue and operating income.
The competition resumes following last year’s success, this time with additional categories and participating countries.
The expansion takes Heidelberg’s overall Indian capacity to almost 5 million tpa.