Cement News tagged under: Arabian Cement

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Arabian Cement 3Q profit triples

29 October 2019, Published under Cement News

Arabian Cement Co saw its net profits after zakat and tax surge to 320.8 per cent to SAR60.6m (US$16.2m) in 3Q19, compared to SAR14.4m in the 3Q18, reports Mubasher. Revenues of the Saudi cement company increased 64.1 per cent to SAR193.5m in the three-month period ended September. In 3M18 revenues reached SAR117.9m. In the first nine months of 2019, Arabian Cement achieved net profits of SAR135.1m, a considerable improvement when compared with losses of SAR42.5m in the year-ago period. ...

Arabian Cement records 96% fall in profit

16 May 2019, Published under Cement News

Egypt’s Arabian Cement has reported a 96.3 per cent YoY decline in consolidated profits for the first quarter of 2019, declining to EGP5.97m (US$350,284) from EGP162.01m in the year-ago period. Sales fell to EGP827.85m in the 1Q19, compared to EGP913.93 in the corresponding period of last year. Stand-alone results show a 97.4 per cent decrease in profits to EGP4.23m from EGP160.95m.

Arabian Cement returns to profit in 1Q19

26 April 2019, Published under Cement News

Arabian Cement net profits reached SAR37.1m in the first quarter of 2019, compared to net losses of SAR6.1m in the year-ago period, according to a statement to the Saudi Stock Exchange. Net profits surged 127.6 per cent QoQ from SAR16.3m in 4Q18. The company attributed the turnaround to higher revenues and lower costs. In addition, reduced general and administrative expenses and lower losses in its Jordan unit contributed to the more positive result.

Saudi producers face declining results in 3Q18

06 November 2018, Published under Cement News

Saudi's Arabian Cement has posted a 51.2 per cent YoY decline in net profit during the 3Q18, falling from SAR29.5m (US$7.86m) to SAR14.4m. Furthermore, sales decreased 27.7 per cent to SAR117.9m from SAR163m. Elsewhere, Umm Al Qura Cement has recorded a net loss of SAR3.9m for the third quarter, compared to a profit of SAR5.1m in the year-ago period. Sales dropped 23.6 per cent YoY to SAR33.7m from SAR44.1m.

Arabian Cement profit soars 197% in 1H18

14 August 2018, Published under Cement News

Egypt's Arabian Cement posted a 196.6 per cent hike in consolidated profits to EGP212.76m (US$11.89m) in 1H18 from EGP71.71m in 1H17, the company said in a filing to the Egyptian Exchange. Revenues advanced to EGP1.64bn at the end of June, compared with EGP1.22bn in 1H17. Standalone profits surged to EGP213.3m in the first half of 2018, up from EGP71.51m in the year-ago period.

Arabian Cement posts net loss in 2Q18

01 August 2018, Published under Cement News

Saudi cement manufacturer Arabian Cement has recorded a SAR50.9m (US$13.57m) net loss in the second quarter of 2018, compared with a SAR35.5m profit seen in the year-ago period. Net sales also saw a significant 51.5 per cent YoY fall to SAR107.8m from SAR222.4m in the period.

Arabian Cement announces net loss in 1Q18

24 April 2018, Published under Cement News

Arabian Cement has announced a 106 per cent YoY decline in net profit for the first quarter of the year, falling from SAR100.7m (US$26.85m) to a loss of SAR6.1m, according to Reuters. The Saudi Arabian cement company also recorded a 26.6 per cent fall in net sales to SAR199.7m, compared with SAR272.1m of the year-ago period.

Arabian Cement posts SAR97m profits in 4Q17

20 February 2018, Published under Cement News

Arabian Cement reported a 276YoY surge in net profits of SAR97m (US$25.9m) in 4Q17, compared to SAR25.8m in 4Q16, according to a statement to the Saudi Stock Exchange. However, QoQ profits fell 46.3 per cent. For the full-year 2017, the cement producer’s profits decreased to SAR262.7m from SAR489.6m in 2016. The company attributed to decline in profits to a drop in sales volumes and prices as well as a fall of other revenues.

Arabian Cement plans expansion into Africa and Asia

15 January 2018, Published under Cement News

Arabian Cement is planning to expand into regional markets in Africa and Asia to boost its profitability amid strong competition in the Egyptian market, according to reports in the Daily News Egypt. To date the company, which has a output of around 5Mta, has exported to Libya, Kenya, Madagascar, Somalia and Yemen. Arabian Cement is a joint venture between Spain-based Grupo Cementos La Unión and a group of Egyptian investors. The company recently reached an agreement with the Natio...

Arabian Cement Co profit down on lower sales and prices

10 August 2017, Published under Cement News

Saudi-based Arabian Cement Co on Wednesday announced a 74.8 per cent YoY decrease in its profits for the second quarter of 2017, attributing the drop to lower sales volumes and prices. Profits amounted to SAR35.5m (US$9.5m) in 2Q17, compared to SAR141m in 2Q16, according to statements to the Tadawul, the country's stock exchange. Profits tumbled 64.8 per cent QoQ. For the first half of the year, profits slid 62.9 per cent to SAR136.2m, from SAR366.6m in 1H16.