Cement News tagged under: Kuwait

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Italcementi wins supply contract for mega Kuwait infrastructure project

21 March 2012, Published under Cement News

Italcementi Group will be one of the suppliers for the Jamal Abdul Nasser Street Project, part of a mega infrastructure project in Kuwait City. This is being developed by the Rizzani OHL Boodai Trevi joint venture, comprising Italian construction Groups Rizzani de Eccher and Trevi, Spanish construction Group OHL and Kuwait conglomerate Boodai Corporation. The project includes the substantial upgrade of this main traffic artery in the middle of Kuwait City and upgrading the status of Jamal A...

Hilal Cement boosts net profit, Kuwait

15 March 2012, Published under Cement News

Hilal Cement of Kuwait reported a surge in net profit to KWD1.22m (US$4.4m) for 2011 from KWD714,937 a year earlier. Earnings per share for the cement producer were 17 fils compared with 10 fils the year before. Total assets stood at KWD22.4m at end-2011, slightly up from the KWD21.8m in 2010. The board has recommended a 15 per cent cash dividend for 2011, equal to 15 fils per share.

Kuwait Portland Cement 2011 net drops

23 February 2012, Published under Cement News

Kuwait Portland Cement has reported a net drop in profit to KWD2.54m (US$9.1m) for 2011 from KWD22.3m in 2010. The company did not disclose reasons for this decline. Earnings per share (EPS) decreased to 27.9 fils from 245.2 fils. The company said total assets stood at KWD68.2m by the end of 2011, down from KWD85.4m a year earlier. The board of directors proposed a 65 per cent cash dividend for 2011, equal to 65 fils/share.