Cement News tagged under: Kuwait
Kuwait Portland Cement net profit surges07 May 2013, Published under Cement NewsKuwait Portland Cement said its net profit surged to KWD3.2m (US$11.3m) in the first quarter of 2013 from KWD2.3m a year ago, the trader said in a bourse statement. Earnings per share (EPS) rose to 34.69 fils from 24.8 fils. Total assets stood at KWD 80.2m at end the end of March 2013, up from KWD75.3m a year earlier. Kuwait Portland Cement Co. is engaged in import of bulk cement and supply in the local markets. It has a 60,000t silo from which it distributes imported cement. |
Kuwait Cement Company net profit edges higher28 March 2013, Published under Cement NewsKuwait Cement Company recorded a net profit of KWD14.78m (US$51.9m) in 2012, up 3.6 per cent from KWD14.27m a year earlier, the company said in a bourse filing. The cement producer reported earnings per share (EPS) of 23.94 fils for 2012, compared to 23.08 fils a year ago. The total assets rose to KWD286.2m at end-December 2012 from KWD258.9m a year ago. Kuwait Cement is the largest cement producer in the country and has two major shareholders in Kuwait Investment Authority (29.4 per cent)... |
Kuwait investors to build cement plant in Budaka, Uganda21 November 2012, Published under Cement NewsPresident Museveni broke ground for the construction of a cement plant in Daka village, Budaka District, Uganda. The new 5000tpd factory will be constructed by the Dao Group of Kuwait and is expected to be twice the size of the Hima Cement Factory in Kasese. Presently, Uganda counts two cement plants, operated by Tororo Cement and Lafarge-owned Hima Cement, resulting in a national installed capacity of 1.9Mta. |
Kuwait Cement first half net profit rises14 August 2012, Published under Cement NewsKuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.84m (US$31.3m) for the six months ended June 30, 2012, slightly up from KWD8.69m a year earlier. The cement producer reported earnings per share (EPS) of 14.31 fils for the first half of 2012, compared to 14.04 fils a year ago. For the second quarter of 2012, the company's net profit stood at KWD3.71m, down from KWD3.81m in the same period last year. The total assets rose to KWD 266.6m at end-June 2012 ... |
Hilal Cement’s net profit drops, Kuwait13 August 2012, Published under Cement NewsHilal Cement’s net profit dropped to KWD 295,166 (US$1m) for the first half of 2012 from KWD808,427 a year earlier, the company said in a bourse filing. The company reported earnings per share (EPS) of 4 fils, compared with 8 fils. The total assets stood at KWD21.9m at end-June 2012, slightly up from KWD21.4m a year earlier. |
Kuwait Portland Cement net profit surges07 August 2012, Published under Cement NewsCement trader Kuwait Portland Cement said in a bourse statement yesterday its net profit surged to KWD4.74m (US$16.8m) in the first half of 2012 from KWD1.11m a year ago. The earnings per share (EPS) rose to 52.2 fils from 12.2 fils. For the second quarter of 2012, the company booked a net profit of KWD2.48m, an increase from KWD1.78m in the same period last year. Total assets stood at KWD69.8m at end-June 2012, down from KWD73.3m a year earlier. |
GCC cement sector profits increase – report25 May 2012, Published under Cement NewsGCC cement sector profits increased 21.2 per cent in 1Q12 and net profits increased from US$359.5m in 1Q11 to US$435.6m in 1Q12, according to a report by Global Investment House (GIH). However, net margins witnessed a fall of 90.4 bps. Revenue, on the other hand, increased 24.3 per cent to reach US$1.26bn, the report said. Gross margins witnessed a 233.6bps increase in Q1, 2012 to reach 43.7 percent as compared to 41.4 percent, which was due to increase in selling price along with drop... |
Kuwait Cement 1Q net profit grows to US$18.3m10 May 2012, Published under Cement NewsKuwait Cement Company said in a bourse filing it booked a net profit of KWD5.1m (US$18.3m) for the three months ended March 31, 2012, up from KWD4.9m a year earlier. The cement producer reported earnings per share (EPS) of 8.3 fils for the first quarter of 2012, compared to 7.9 fils in the same period last year, SeeNews Middle East and Africa reports. The total assets rose to KWD 264.4m at end-March 2012 from KWD 249.1m a year ago. |
Italcementi wins supply contract for mega Kuwait infrastructure project21 March 2012, Published under Cement NewsItalcementi Group will be one of the suppliers for the Jamal Abdul Nasser Street Project, part of a mega infrastructure project in Kuwait City. This is being developed by the Rizzani OHL Boodai Trevi joint venture, comprising Italian construction Groups Rizzani de Eccher and Trevi, Spanish construction Group OHL and Kuwait conglomerate Boodai Corporation. The project includes the substantial upgrade of this main traffic artery in the middle of Kuwait City and upgrading the status of Jamal A... |
Hilal Cement boosts net profit, Kuwait15 March 2012, Published under Cement NewsHilal Cement of Kuwait reported a surge in net profit to KWD1.22m (US$4.4m) for 2011 from KWD714,937 a year earlier. Earnings per share for the cement producer were 17 fils compared with 10 fils the year before. Total assets stood at KWD22.4m at end-2011, slightly up from the KWD21.8m in 2010. The board has recommended a 15 per cent cash dividend for 2011, equal to 15 fils per share. |