Cement News tagged under: Kuwait
Kuwait Portland Cement posts 5.2% rise in annual profit12 February 2015, Published under Cement NewsKuwait 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. |
Siwertell mobile unloader serves Kuwaiti construction08 December 2014, Published under Cement NewsSiwertell, part of Cargotec, has announced the successful delivery, commissioning and recent entry into operations of a new mobile Siwertell unloader for Kuwait-based Acico Construction Co. It was ordered in June to help meet the region's growing cement demands and is now operational in Kuwait's second largest port, Shuaiba, located south of Kuwait City. The trailer-based, diesel-powered Siwertell 5 000 S road mobile unloader is fitted with dust filters and a double bellows system for uni... |
Kuwait Portland Cement 9M14 net profit up 32% YoY11 November 2014, Published under Cement NewsKuwait 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 ... |
Kuwait Cement profit rises 16.3% YoY26 March 2014, Published under Cement NewsKuwait Cement Co (KCC) announced profits of KWD17.1m (US$60.7m) with earnings per share (EPS) at 26.1 fils for 2013, compared to a net profit of KWD14.7m and EPS of 23.7 fils in 2012. KCC said in statement on the website of Kuwait Stock Exchange (KSE) yesterday that the company's board of directors recommended the distribution of 18 per cent cash of the fiscal year ended in December 2013.? Shareholder equity reached KWD194m in 2013, compared to shareholder equity of KWD151.6m in 2012, wit... |
Hilal net profit edges ahead, Kuwait10 March 2014, Published under Cement NewsKuwaiti 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 slightly18 February 2014, Published under Cement NewsCement 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 surges07 May 2013, Published under Cement NewsKuwait 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 higher28 March 2013, Published under Cement NewsKuwait 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, Uganda21 November 2012, Published under Cement NewsPresident 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 rises14 August 2012, Published under Cement NewsKuwait 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 ... |