Cement News tagged under: Hilal Cement Co

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Suez Cement sells 51% stake in Hilal Cement

25 January 2021, Published under Cement News

Suez Cement (HeidelbergCement group) has offered its 51 per cent stake in Hilal Cement Co of Kuwait for sale through the Kuwait Bourse on 24 January 2021. The Board of Directors of Suez Cement gave advanced notice of its intention to sell the company’s stake in Hilal Cement on 5 March 2020. Suez Cement’s Board of Directors approved the decision on 9 December 2020 when it delisted from the Egyptian stock exchange. The total amount fo shares for sale amount to 25,736,191.

Hilal Cement Co reports loss in 3Q19

08 November 2019, Published under Cement News

Kuwait’s Hilal Cement Co has reported a loss of KWD52,300 (US$172,700) in the third quarter of 2019, according to a company bourse statement. However, in the first nine months of 2019 the company’s profit advanced 57.5 per cent YoY to KWD801,410 from KWD508,860.

Hilal Cement Co net loss widens, Kuwait

05 November 2014, Published under Cement News

Kuwait-based cement producer Hilal Cement Co widened its third-quarter net loss to KWD204,435 (US$704,706) from KWD17,250 during the same period of the year before. The loss was mainly attributed to higher sale and administrative costs and lower sales revenue and other income. The operating loss totalled KWD 233,790, compared to a year-earlier profit of KWD 12,777. Total operating revenue climbed almost six per cent YoY to KWD4.6m. Net loss for the first three quarters of the year came ...