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Strategies & Market Trends : Technical analysis for shorts & longs

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Jan 9 4:00 PM EST

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To: Johnny Canuck who wrote (42763)	11/1/2005 9:20:54 PM
From: Johnny Canuck	Read Replies (1) of 69643

St. Lawrence Cement Group's Q3 profit climbs to $42.5 million from $39.2M Related Symbols: T.ST.SV.A 11/1/2005 6:12:00 AM MONTREAL (CP) - A strong housing and construction sector helped St. Lawrence Cement Group Inc. build higher profits and revenues for the third quarter. The Montreal-based cement producer (TSX:ST.SV.A) reported Tuesday it earned $42.5 million or $1.02 a share for the three months ended Sept. 30. That compared with a profit of $39.2 million or 94 cents a share for the same period last year. Sales rose 4.8 per cent to $449.3 million from $428.6 million last year. The Montreal-based company said its higher sales reflect a strong construction services market, growth in cement sales and a price increase in the U.S. market during the quarter. Those factors more than offset declines in sales of sand and gravel and ready-mixed concrete. Profits were helped by higher prices, partly offset by rising production costs from increased energy costs for electricity and coal, and unscheduled maintenance work. Looking ahead, St. Lawrence said it expects cement demand to fall in Quebec and Ontario as well as in the United States, but "the company is still cautiously optimistic that it will record a modest improvement in consolidated sales and operating profit in the fourth quarter." St. Lawrence Cement is a leading producer and supplier of cement, concrete, aggregates and construction services. The company operates in Canada and on the eastern seaboard of the United States and employs 2,900 people.

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