Cement News tagged under: Eastern Province Cement
Saudi: Eastern Province in talks for new production line10 December 2014, Published under Cement NewsSaudi-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. |
Eastern Province to launch new mill in 2Q1524 March 2014, Published under Cement NewsEastern Province Cement (EPC) is to launch commercial production at a new cement mill in April 2015. The construction of the grinding unit, with a capacity of 150tph, will be completed in October 2014, officials said yesterday. The equipment at the new facility will be installed over a period of two-and-a-half months, with the trial period to take three months, by end-March 2015. Earlier in March 2014, the cement manufacturer announced a SAR309m (US$82.4m/EUR59.4m) net profit for 2013, down... |
Eastern Province Cement first-half net profit falls, Saudi Arabia04 September 2013, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPCC) reported a 9.7 per cent reduction in first-half 2013 net profit due to lower sales, higher production costs and maintainance work carried out during the second quarter. EPCC, which operates 3.2Mta of cement capacity from two cement plants, said net profit fell to SAR187m (US$49.9m) compared to SAR207m a year ago. Earnings per share (EPS) stood at SAR 2.17, compared with SAR 2.41. Operating profit in the six months to the end o... |
Saudi Arabia: Eastern Province Cement launches trial operations of new kiln line27 June 2013, Published under Cement NewsSaudi cement producer Eastern Province Cement Co (EPC) said in a bourse statement that it launched trial operations of its new production line yesterday. The new kiln line will have a cement capacity of 600tpd. The trial period will take three months. |
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,... |
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) |
Saudi cement producers see 1Q rise in net profit12 June 2012, Published under Cement NewsTwo leading Saudi Arabian cement producers have reported solid gains in the first quarter of 2012 driven by higher sales volumes as a result of rising local demand. Saudi Cement Company (SCC) said that its net profit for the three months through March 2012 surged 54.4% YoY to SAR325.6m (US$86.8m) from SAR210.8m a year earlier. Meanwhile, Eastern Province Cement Company registered a SAR104m (US$27.7m) net profit for the first quarter of 2012, an increase from the SAR83m recorded a year ... |
Saudi Arabia: Eastern Province net profit up 6% YoY14 February 2012, Published under Cement NewsFor the year ending 31 December 2011, Eastern Province Cement Co announced that its net profit was SAR364m (US$97m), compared to SAR343m (US$91.4m) for the same period of the previous year, an increase of 6%. The rise in the net profit was due to a decrease in the cost of sales and to the enhancement of the operational efficiency of production lines as well as the rationalisation of some production cost items. Earnings per share were SAR4.23, compared to SAR3.99 YoY. Gross profit was reco... |
Eastern Province net profit rises 6% per cent, Saudi Arabia17 January 2012, Published under Cement NewsEastern Province Cement of Saudi Arabia registered a 2011 net profit of SAR364m (US$97.1m), up six per cent YoY from SAR343m in 2010, attributed to higher sales and lower cost of sales. Earnings per share were SAR4.23 versus SAR3.99. Fourth quarter net profit increased by an impressive 27.7 per cent to SAR106m from SAR83m in the same period a year ago. Source: Middle East and Africa News |