Cement News tagged under: Eastern Province Cement

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Sinoma wins Eastern Province Cement contract

09 January 2024, Published under Cement News

Saudi Arabia-based Eastern Province Cement Co has awarded the contract for a new cement production line to China’s Sinoma CDI. The new line, which is costing US$270m, will have a production capacity of 10,000tpd and will be located at Eastern Province’s existing site in Khursaniyah. According to Mist News, the contract covers design, supply, delivery, construction, and installation of the cement production line on the basis of a complete turnkey contract for engineering, supply, con...

Bullish 4Q22 results expected for Saudi Arabian producers

19 January 2023, Published under Cement News

Twelve Saudi Arabian cement companies' aggregate profit listed on Tadawul are expected to surge 101 per cent YoY and 20 per cent QoQ to SAR617m (US$164.5m) in the 4Q22, according to a local research house. Argaam sees bullish forecasts for most Saudi Arabian cement producers in the 4Q22 compared to the year-earlier period. Tabuk Cement Co , Yamama Cement Co , Yanbu Cement Co , City Cement Co and Arabian Cement Co are expected to post the biggest rise in the fourth-quarter profit. ...

Eastern Province Cement sees revenue fall 11% YoY in 9M22

26 October 2022, Published under Cement News

Saudi Arabia’s Eastern Province Cement Co (EPCCO) has posted revenue of SAR531m (US$141.6m) in the first nine months of 2022, down 11.3 per cent on the SAR598.5m seen in the same period a year earlier. Net profit after zakat and tax over the same timeframe fell 42.8 per cent from SAR159m to SAR91m. The fall in profit was attributed to lower cement sales, higher selling, general and administrative expenses, along with a decline in the share of profit of associates, according to the compa...

Eastern Province Cement sees 52% drop in 1Q profits

13 May 2022, Published under Cement News

Saudi Arabian cement producer Eastern Province Cement Co reported a net profit after zakat and tax of SAR29m (US$7.7m) in the 1Q22, down 51.7 per cent YoY. Revenues declined 25.8 per cent YoY to SAR161m in the 1Q22 from SAR217m.

Eastern Province Cement records 5% rise in profit

05 August 2021, Published under Cement News

Saudi Arabia’s Eastern Province Cement has announced a five per cent increase in net profit to SAR122m (US$32.53m) in the first half of 2021, against SAR116m in the 1H20. Sales also rose 12.8 per cent YoY to SAR429m from SAR380m. In the second quarter of the year, profits advanced 106 per cent YoY to SAR62m while revenue climbed 45 per cent to SAR212m.

Eastern Province Cement posts 19% rise in profit

28 October 2020, Published under Cement News

Saudi Arabia’s Eastern Province Cement reported a net profit of SAR43m (US$11.47m) in the 3Q20, rising 19.4 per cent YoY from SAR36m in the year-ago period. However, the company's revenues declined by 8.6 per cent to SAR159m from SAR174m in the 3Q19. During the first nine months of 2020, the company's net profits rose 38.6 per cent YoY to SAR158m from SAR114m in the corresponding period of 2019. Its revenues also advanced 4.9 per cent to SAR539m against SAR514m in the 9M19.

Eastern Province Cement reports 35% fall in net profit

20 March 2019, Published under Cement News

Saudi Arabia’s Eastern Province Cement Co has reported a 34.6 per cent YoY profit decline after zakat and tax, falling to SAR70m (US$18.66m) from SAR107m of 2017. The company attributed the decrease to a drop in sales of cement, precast concrete and higher zakat provisions, according to a statement to the country’s stock exchange. In the 4Q18 profit surged 225 per cent YoY to SAR26m, compared to SAR8m of the previous year.

Saudi Arabia: Eastern Province Cement Q2 profits fall 46%

28 July 2016, Published under Cement News

Eastern Province Cement Company’s net profits dropped 46.2 per cent YoY to SAR50m (US$13.3m) in 2Q16, compared to SAR93m (US$24m) in the same period in 2015.This decrease is attributed to lower operating profit, lower sales as local demand weakens and higher production costs. The company’s profits also fell 23 per cent in the first half of 2016 to SAR137m (US$36.5m) compared to profits of SAR178m (US$47.4m) in the first half of 2015.

Saudi: Eastern Province Cement Co begins trial operations of new mill

15 March 2016, Published under Cement News

Eastern Province Cement Co has commenced trial operations of its new 150tph cement mill, with commercial operations set to begin in the second quarter of this year, according to a bourse statement issued Monday. The Saudi cement producer added that the relevant financial impact is difficult to be set at this stage as it depends on market supply and demand.

Saudi: Eastern Province in talks for new production line

10 December 2014, Published under Cement News

Saudi-based Eastern Province Cement Co said in a bourse statement that the board, in a meeting held on 9 December, discussed the project of establishing a new production line, with a clinker production capacity of 10,000tpd. The board has asked for further clarification regarding cement market data.