Cement News tagged under: Middle East
Northern Region Cement reports 9% drop in 1H net profit08 August 2022, Published under Cement NewsNorthern Region Cement Co posted net profits after zakat and tax of SAR48.09m (US$12.8m) in the first half of 2022, down 9.1 per cent from SAR52.9m in the 1H21. Revenues declined by 13.2 per cent in the 1H22 to SAR266.68m when compared with SAR307.19m in the 1H21. In the second quarter of 2022, Northern Region Cement Co reported net profits after zakat and tax worth SAR24.74m, up 17.6 per cent YoY from SAR21.04m in the 2Q21. Revenues decreased by 8.2 per cent YoY to SAR133.42m from S... |
Carbon Clean makes new sales appointments05 August 2022, Published under Cement NewsCarbon Clean has boosted its global sales team with appointments that cover Asia, Europe and the Middle East. Lim Beng Chong joins as sales director Asia-Pacific, based in Singapore. Federico Cruzzolin has been hired as sales Manager Europe and is based in Frankfurt, Germany. While Niraj Singh has been promoted to sales manager Middle East and Africa and will be located in Mumbai, India. These appointments follow the recent record US$150m Series C funding round and the company’s... |
Najran Cement sees drop in quarterly profit02 August 2022, Published under Cement NewsNajran Cement Co of Saudi Arabia reported a net profit after zakat and tax of SAR13.3m (US$3.5m) in the second quarter of 2022, down 59.3 per cent when compared with SAR32.7m in the 2Q21. Sales in the 2Q22 declined to SAR108.1m from SAR131.6m in the 2Q21. The drop in profit was attributed to increasing production costs as well as selling and distribution expenses. |
Northern Cement sees 21% increase in 2Q profit02 August 2022, Published under Cement NewsJordan-based Northern Cement Co reported a 21.4 per cent rise in profit to JOD1.7m (US$2.39m) in the 2Q222 from JOD1.4m in the 2Q21. Sales in the 2Q22 were down 3.3 per cent to JOD8.9m from JOD9.2m in the 2Q21. |
Al Jouf Cement appoints new chairman02 August 2022, Published under Cement NewsSaudi Arabia-based Al Jouf Cement has appointed Abdullah Bin Odeh Al-Ghabeen Al-Enezi as chairman. Mr Bin Odeh Al-Ghabeen Al-Enezi succeeds Eng Mohammed Bin Saeed Al-Attiyah. |
Yanbu Cement 2Q profits down 25% in 1H2228 July 2022, Published under Cement NewsSaudi Arabian cement producer Yanbu Cement Co reported a 24.5 per cent fall in its net profits after zakat and tax to SAR86.97m (US$23.2m) when compared with the 1H21, when the company achieved profits of SAR115.23m. Revenues were down by 10.3 per cent to SAR479.8m in the 1H22 from SAR353.09m in the 1H21. While second-quarter revenues slipped by 1.9 per cent YoY to SAR238.17m from SAR242.69m in the 2Q21, 2Q22 net profits after zakat and tax advanced 14.9 per cent to SAR48.04m from SAR41.... |
Yamama sees 9% dip in 1H profits27 July 2022, Published under Cement NewsYamama Cement Co of Saudi Arabia saw its net profit after zakat and tax decline by 9.2 per cent YoY to SAR120.1m (US$32m) in the 1H22 from SAR 132.55m in the 1H21. Sales expanded by 12.5 per cent YoY to SAR430.86m in the 1H22 from SAR382.83m in the year-ago period. In the second quarter of 2022, net profits were up by 16.8 per cent YoY to SAR90.69m from SAR77.68m in the 2Q21. Sales increased by 3.3 per cent to SAR209.28m from SAR202.57m in the 2Q21. |
Iranian cement market remains stable20 July 2022, Published under Cement NewsCement demand in Iran reached 5.8Mt in June 2022, edging up slightly when compared with 5.78Mt of cement sold in June 2021. Iranian cement plants produced 6.6Mt of clinker and 5.58Mt of cement in June 2022. Clinker output slipped by 2.2 per cent from 0.63Mt in June 2021 while cement output declined by 7.3 per cent YoY. In addition to supplying the domestic market, they exported 0.93Mt of clinker, up 47.6 per cent YoY, and 0.36Mt of cement, which remained stable when compared with June 20... |
Iranian cement sales decline in May20 June 2022, Published under Cement NewsThe Iranian cement market contracted 11.6 per cent YoY to 5.11Mt in May 2022 from 5.78Mt in May 2021, according to the Iranian cement association. In addition to domestic deliveries, 0.301Mt of cement and 0.558Mt of clinker was exported in May 2022. This represents a YoY decrease of 11.5 per cent for cement (May 2021: 0.34Mt) and 29.4 per cent for clinker (May 2021: 0.79Mt) Output of cement declined 11.8 per cent YoY to 5.38Mt in May 2022 when compared with the year-ago period when cement... |
Misr Cement (Qena) approves operations and maintenance programme20 June 2022, Published under Cement NewsThe board of directors of Misr Cement (Qena) have approved the operations and maintenance of the company’s factory, according to a filing to the Egyptian Exchange (EGX). The factory was managed by Arab Swiss Engineering Company (ASEC) under an agreement that ends ion 30 June 2022. On 16 May Misr Cement (Qena) reported a 106 per cent YoY increase in consolidated profit attributable to controlling shareholders during the 1Q22, recording EGP59.631m (US$3.18m). |