Cement News tagged under: Hail Cement Co
Saudi Arabian cement sales down 16% in January15 February 2017, Published under Cement NewsDomestic cement deliveries in Saudi Arabia in January 2017 were 15.9 per cent lower than in the same month the previous year, according to statistics released by Yamama Cement. At 4.78Mt, cement sales in the country were significantly below the January 2016 figure of 5.68Mt. Meanwhile, Saudi producers continue to amass clinker stocks, adding another 0.4Mt to their reserves in January. Clinker stocks now amount to 28.5Mt – enough to supply more than six months of Saudi cement demand at ... |
Saudi Arabia: Hail Cement Q4 profits decline 21%17 January 2017, Published under Cement NewsHail Cement Company (HCC) reported a 20.99 per cent decrease in net profit for the 4Q16. HCC achieved SAR23.67m (US$6.31m) net profit in the quarter, falling from SAR29.95m in the 4Q15. Profits fell by 7.95 per cent to SAR104.52m in 2016 compared to SAR113.55m in 2015. The decline in net profits was attributed to lower total sales due to weak demand, despite unrealised investment profits in the shares' portfolio, the company’s statement said. Net profits rose 15.27 per cent to SAR20.12... |
Hail Cement sees 15.3% rise in net profit for 3Q1617 October 2016, Published under Cement NewsHail Cement posted a 15.27 per cent increase in net profit for the 3Q16, according to a bourse filing. The cement company reported a net profit of SAR20.12m (US$5.4m) from SAR17.45m in 3Q15, which was attributed to unrealised investment loss recognised during the same quarter last year. In the first nine months of 2016, net profits slipped 3.3 per cent YoY to SAR80.85m from SAR83.59m. The lower profits were a result of lower total sales as demand fell, competition increased and there was a... |
Saudi Arabia: Hail Cement resumes production02 June 2016, Published under Cement NewsHail Cement Company has resumed production after a stoppage for scheduled maintenance. According to the company's statement on the Saudi Stock Exchange Tadawul,” the financial impact of the stoppage will be reflected on the results of the second quarter of 2016. The cement firm previously announced that the production line was going to stop for annual maintenance for the furnace and the cement raw-materials' mill, between 23 and 31 May 2016. |
Hail Cement profits slips 12 per cent18 April 2016, Published under Cement NewsHail Cement Company, Saudi Arabia, posted a 11.74 per cent decline in net profit for the first quarter of the fiscal year 2016, according to a bourse filing posted Sunday. The cement firm generated SAR33m (US$8.8m) net profit, down from SAR37.5m (US$10m)in the prior-year period. The profit decline was ascribed by the company to a rise in cost of sales due to market volatility. |
Hail Cement Co to halt kiln line for annual maintenance, Saudi Arabia10 December 2015, Published under Cement NewsHail Cement Co said it will shut down its production line for the annual maintenance of the kiln and raw mill for the period 8-19 December. The relevant impact will appear in the financial statements of the fourth quarter of 2015, while the cement mill and packing line will be in operation. Accordingly, the company's commitment towards its customers will not be impacted. |
Hail Cement increases quarterly net loss, Saudi Arabia23 May 2013, Published under Cement NewsSaudi cement producer Hail Cement Co has reported a net loss of SAR13.9m (US$3.7m) for the first quarter of 2013, double the loss recorded in the same period a year ago of SAR6.3m. The company attributed the loss to higher expenses related to launching production, coupled with higher salary costs due to the growing number of employees. Newcomer to the Saudi cement industry, Hail Cement’s 1.65Mta plant, located in the north of the kingdom, is scheduled to come on-stream in the third quarter... |
Hail Cement gets government fund for new plant, Saudi Arabia13 April 2012, Published under Cement NewsHail Cement Co said in a bourse statement yesterday that the Saudi Industrial Development Fund (SIDF) had agreed to extend a SAR300m (US$160m) loan. The Saudi Arabian cement producer will use the funds to complete the construction of its cement plant in Turbah, which is scheduled for completion in the first quarter of 2013. (Source: SeeNews Middle East and Africa). |