Cement News tagged under: Saudi Arabia
Eastern Province Cement 1H12 net profit rises 12.5 per cent, Saudi Arabia04 October 2012, Published under Cement NewsEastern Province Cement Company (EPC) recorded a SAR207m (US$55.2m) net profit for the first half of 2012, up from SAR184m a year ago, an increase of 12.5% YoY. The company attributed the increase to a rise in sales as a result of rising local demand, along with higher investment income and lower sales and distribution costs. Earnings per share (EPS) stood at SAR2.41, compared with SAR2.13. The cement manufacturer registered an operating profit of SAR211m for the first six months of 2012,... |
Box Int'l to provide technical services for new Al Jouf expansion, Saudi Arabia02 October 2012, Published under Cement NewsBox International Consulting LP, a Texas, US-based cement industry consulting firm, announced today that they been issued a Grant of Authorisation by Saudi Arabia-based cement producer Al Jouf Cement Company to provide a variety of technical services at its plant located in Turaif, Saudi Arabia. Al Jouf Cement currently owns a 5000tpd cement plant and is building a second line with the same capacity. The third line, which Box International is to assist in developing, is also set to have a c... |
Eastern Province Cement to add new line, Saudi Arabia02 October 2012, Published under Cement NewsEastern Province Cement’s management board decided at a meeting on Sunday to build an additional production line, to boost output. The new production line will have a capacity of 10,000tpd. (Source: SeeNews Middle East and Africa) |
Yanbu Cement sees 22 per cent rise in 3Q net profit, Saudi Arabia02 October 2012, Published under Cement NewsYanbu Cement’s net profit rose 22 per cent YoY in 3Q12 to SAR152m (US$40.5m) from SAR125m due to increased sales, according to a statement to the Saudi bourse. (Bloomberg) |
Higher sales boost Qassim Cement 1H12 net profit, Saudi Arabia21 September 2012, Published under Cement NewsSaudi cement producer Qassim Cement Co (QCC) posted a 5.3 per cent rise in net profit to SAR307.4m (US$82m) for the first half of 2012, up from SAR291.8m a year ago, which the company attributed to an increased rise in sales. Earnings per share (EPS) stood at SAR 3.42, compared with SAR 3.24. QCC registered an operating profit of SAR 315.5m for the six months to June 2012, up from SAR297.2m a year earlier. |
Southern Province faces further delays to mill project19 September 2012, Published under Cement NewsSouthern Province Cement Co said that further to its announcement on April 29 2009, regarding the delay of the operation of the third mill in Jazan plant, there will be a delay of the project for further four months for reasons beyond its control. |
Yamama Cement 1H net profit rises 22%, Saudi Arabia14 September 2012, Published under Cement NewsSaudi cement producer Yamama Cement Company reported a 22 per cent YoY rise in its net profit to SAR487m (US$129.8m) for the first half of 2012, up from SAR400m a year ago. The increase was attributed to a rise in sales as a result of higher local demand, Yamama Cement said without giving exact figures. Gross profit SAR526m from SAR429m. |
Qassim Cement to add new line, Saudi Arabia13 September 2012, Published under Cement NewsThe management board of Saudi cement producer Qassim Cement Co (QCC) approved at a meeting on Monday the installation of a new production line with a daily production capacity of 5500t. The company said the move is in line with its efforts to meet growing demand. (Source: SeeNews Middle East & Africa). |
GCC profits rise 27.1 per cent in 1H1206 September 2012, Published under Cement NewsProfits of the Gulf Cooperation Council (GCC) cement sector increased 27.1 per cent YoY in the first half of 2012 to US$971.5m from US$764m in the same period of 2011, the latest report from Global Investment House (GIH) shows. According to the report, the GCC cement sector grew 17 per cent in the first six months of the year mainly due to a huge pipeline of projects in Saudi Arabia helping to generate significant demand. Oman was in second place with growth of 13.8 per cent while Qatar a... |
Improved outlook for Omani cement companies29 August 2012, Published under Cement NewsOman cement companies are set for brighter times ahead as inflows of cheap cement from the UAE decline and demand picks up both in the UAE and the sultanate, according to a report by Global Investment House (GIH). In its GCC cement sector report released on Tuesday, GIH said that Omani cement firms are set for steady growth in the coming quarters as growth in the construction sector leads to a higher cement demand. “The inflow of cheap cement from UAE, which earlier roughly catered to... |