Cement News tagged under: Kuwait Portland Cement

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Kuwait Portland Cement 3Q profit stable

15 November 2022, Published under Cement News

Kuwait Portland Cement posted a 3Q total operating revenue of KWD32.7m (US$106.2m) in 3Q22, up from KWD27.6m in the equivalent period of 2021. The company’s net profit attributable to shareholders remained stable at KWD1.3m in the 3Q22.

Kuwait Portland Cement orders new ship unloader from Bruks Siwertell

26 November 2021, Published under Cement News

Bruks Siwertell has won a new order from Kuwait Portland Cement Co for an ST 490-M ship unloader. It is expected to join another cement handling Siwertell ship unloader in Shuaiba Port, Kuwait City. “Kuwait Portland Cement has benefited from 20 years of experience using our Siwertell screw-type technology,” says Peter Göransson, sales manager, Bruks Siwertell. “It knows what our unloaders deliver; time and again the technology has proven its capabilities, demonstrating reliability, effici...

Kuwait Portland Cement records 7% fall in profit

25 March 2021, Published under Cement News

Kuwait Portland Cement has seen a 7.1 per cent YoY decline in attributable net profit to KWD1.3m (US$4.3m) in the 4Q20, compared with KWD1.4m in the year-ago period. Total operating revenue fell 46.6 per cent to KWD12.5m from KWD23.4m in the 4Q19.

Kuwait Portland Cement records 26% decline in profit

24 February 2020, Published under Cement News

Kuwait Portland Cement has announced a 26.4 per cent YoY decrease in 2019 profit to KWD7.59m (US$24.88m), compared with KWD10.32m a year earlier. Operating revenue also declined 19.5 per cent to KWD85.23m from KWD105.94m in 2018. In the 4Q19, the company saw net profit dip 43.6 per cent YoY to KWD1.41m from KWD2.5m in the year-ago period.

Kuwait Portland Cement sees slight fall in 2Q19 profit

05 August 2019, Published under Cement News

Kuwait Portland Cement has noted a 0.7 per cent YoY decline in profit for the 2Q19 to KWD1.52m (US$5m), compared with KWD1.53m in the corresponding period of last year. However, the company’s net profit for the first half of the year increased 3.2 per cent to KWD5.57m from KWD5.4m, according to a statement to the Boursa Kuwait. 

Kuwait Portland Cement reports KWD7.8m in 9M profit

14 November 2018, Published under Cement News

Kuwait Portland Cement has posted a net profit of KWD2.4m (US$7.9m) in 3Q18, down 23.1 per cent when compared with KWD3.12 in 3Q17, according to a company statement on the Kuwaiti stock exchange. For the 9M18, profits fell 4.5 per cent to KWD7.82m from KWD8.19m in the year-ago period. Operating profits fell five per cent YoY to KWD5.4m.

Kuwait Portland Cement chairman buys 1.46m shares

12 September 2017, Published under Cement News

The chairman of Kuwait Portland Cement, Khaled Al Sager, has purchased 1.46m of the company’s shares on Wednesday, 6 September. The total value of the purchased stake stood at KWD1.42m (US$4.71m) or 970 fils per share. Portland Cement’s capital stands at KWD10.02m, which is distributed on 100.2m shares. Kuwait Portland Cement Company is the third and final player on the Kuwaiti cement market with a 1Mta integrated plant in Shuwaikh.

Kuwait Portland Cement Co earnings down 10% YoY

17 July 2015, Published under Cement News

Kuwait Portland Cement Company earned KWD5.2m in the first half of this year (US$17.2m), or 55.1 fils per share, compared to KWD5.8m (61.12 fils per share) in the comparative period of 2014. The company said in a statement, posted on the Kuwait Stock Exchange website, that its total assets reached KWD82.34m, liabilities KWD17.48m in the 1H15, compared to KWD15.15m in 1H14.

Kuwait Portland Cement posts 5.2% rise in annual profit

12 February 2015, Published under Cement News

Kuwait Portland Cement said Tuesday its net profit stood at KWD8.26m (US$27.9m) for 2014, up 5.2 per cent from the KWD7.85m recorded in 2013. Earnings per share increased to 90.89 fils from 86.37 fils. The company said total assets rose to KWD88.9m at end-2014 from KWD74m a year earlier. The board of directors proposed a 70 per cent cash dividend for 2014, equal to 70 fils per share, in addition to a five per cent bonus issue, translating into five shares for each 100 shares held.

Kuwait Portland Cement 9M14 net profit up 32% YoY

11 November 2014, Published under Cement News

Kuwait Portland Cement’s net profit increased by 32 per cent in the first nine months of the year to KWD8.64m (US$29.7m) from KWD6.57m a year earlier, the cement trader said in a bourse statement yesterday. Earnings per share (EPS) increased to 95.1 fils from 72.3 fils. Without disclosing exact figures, the company attributed the increase to higher sales, coupled with a rise in revenue from investments. Kuwait Portland Cement said total assets rose to KWD85.1m at end-September 2014 ...