Cement News tagged under: Kuwait

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Hilal net profit edges ahead, Kuwait

10 March 2014, Published under Cement News

Kuwaiti cement producer Hilal Cement net profit reached KWD518,500 (US$1.8m) for 2013, up 3.6 per cent from KWD500,500 a year earlier, the company said in a bourse filing. The total assets stood at KWD22m at end-December 2013, compared with KWD21.9m a year earlier. Hilal's management board has proposed a seven per cent cash dividend for 2013, equal to 7 fils per share.

Kuwait Portland Cement full-year net profit up slightly

18 February 2014, Published under Cement News

Cement trader Kuwait Portland Cement said in a bourse statement today its net profit stood at KWD7.85m (US$27.8m) for 2013, slightly up from KWD7.28m in the previous year. Earnings per share (EPS) increased to 86.4 fils from 80.1 fils. Kuwait Portland Cement said total assets declined to KWD 74m at end-2013 from KWD72.1m a year earlier. The board of directors proposed an 85 per cent cash dividend for 2013, equal to 85 fils per share.

Kuwait Portland Cement net profit surges

07 May 2013, Published under Cement News

Kuwait Portland Cement said its net profit surged to KWD3.2m (US$11.3m) in the first quarter of 2013 from KWD2.3m a year ago, the trader said in a bourse statement. Earnings per share (EPS) rose to 34.69 fils from 24.8 fils. Total assets stood at KWD 80.2m at end the end of March 2013, up from KWD75.3m a year earlier. Kuwait Portland Cement Co. is engaged in import of bulk cement and supply in the local markets. It has a 60,000t silo from which it distributes imported cement.

Kuwait Cement Company net profit edges higher

28 March 2013, Published under Cement News

Kuwait Cement Company recorded a net profit of KWD14.78m (US$51.9m) in 2012, up 3.6 per cent from KWD14.27m a year earlier, the company said in a bourse filing. The cement producer reported earnings per share (EPS) of 23.94 fils for 2012, compared to 23.08 fils a year ago. The total assets rose to KWD286.2m at end-December 2012 from KWD258.9m a year ago. Kuwait Cement is the largest cement producer in the country and has two major shareholders in Kuwait Investment Authority (29.4 per cent)...

Kuwait investors to build cement plant in Budaka, Uganda

21 November 2012, Published under Cement News

President Museveni broke ground for the construction of a cement plant in Daka village, Budaka District, Uganda. The new 5000tpd factory will be constructed by the Dao Group of Kuwait and is expected to be twice the size of the Hima Cement Factory in Kasese. Presently, Uganda counts two cement plants, operated by Tororo Cement and Lafarge-owned Hima Cement, resulting in a national installed capacity of 1.9Mta.

Kuwait Cement first half net profit rises

14 August 2012, Published under Cement News

Kuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.84m (US$31.3m) for the six months ended June 30, 2012, slightly up from KWD8.69m a year earlier. The cement producer reported earnings per share (EPS) of 14.31 fils for the first half of 2012, compared to 14.04 fils a year ago. For the second quarter of 2012, the company's net profit stood at KWD3.71m, down from KWD3.81m in the same period last year. The total assets rose to KWD 266.6m at end-June 2012 ...

Hilal Cement’s net profit drops, Kuwait

13 August 2012, Published under Cement News

Hilal Cement’s net profit dropped to KWD 295,166 (US$1m) for the first half of 2012 from KWD808,427 a year earlier, the company said in a bourse filing. The company reported earnings per share (EPS) of 4 fils, compared with 8 fils. The total assets stood at KWD21.9m at end-June 2012, slightly up from KWD21.4m a year earlier.

Kuwait Portland Cement net profit surges

07 August 2012, Published under Cement News

Cement trader Kuwait Portland Cement said in a bourse statement yesterday its net profit surged to KWD4.74m (US$16.8m) in the first half of 2012 from KWD1.11m a year ago. The earnings per share (EPS) rose to 52.2 fils from 12.2 fils. For the second quarter of 2012, the company booked a net profit of KWD2.48m, an increase from KWD1.78m in the same period last year. Total assets stood at KWD69.8m at end-June 2012, down from KWD73.3m a year earlier.

GCC cement sector profits increase – report

25 May 2012, Published under Cement News

GCC cement sector profits increased 21.2 per cent in 1Q12 and net profits increased from US$359.5m in 1Q11 to US$435.6m in 1Q12, according to a report by Global Investment House (GIH). However, net margins witnessed a fall of 90.4 bps. Revenue, on the other hand, increased 24.3 per cent to reach US$1.26bn, the report said. Gross margins witnessed a 233.6bps increase in Q1, 2012 to reach 43.7 percent as compared to 41.4 percent, which was due to increase in selling price along with drop...

Kuwait Cement 1Q net profit grows to US$18.3m

10 May 2012, Published under Cement News

Kuwait Cement Company said in a bourse filing it booked a net profit of KWD5.1m (US$18.3m) for the three months ended March 31, 2012, up from KWD4.9m a year earlier. The cement producer reported earnings per share (EPS) of 8.3 fils for the first quarter of 2012, compared to 7.9 fils in the same period last year, SeeNews Middle East and Africa reports. The total assets rose to KWD 264.4m at end-March 2012 from KWD 249.1m a year ago.