Cement News tagged under: Najran Cement Co
Najran Cement Co fully repays loan for WHR project02 July 2020, Published under Cement NewsNajran Cement Co has fully repaid the remaining amount of a SAR45m (US$12m) existing loan, which was used to finance the company's waste heat recovery project. The credit facility was originally supposed to be repaid in three instalments due on 31 December 2020, 31 March 2021, and 30 June 2021, according to a bourse filing. Following this transaction, the company now has a SAR355m loan that will be paid in instalments over five years. |
Najran Cement posts SAR14.1m 3Q profit28 October 2019, Published under Cement NewsNajran Cement Co saw its profits rise to SAR14.13m (US$3.77m) in the 3Q19, up from losses of SAR23.7m in the 3Q18, according to the company’s statement to the Saudi Stock Exchange. Revenues were up 80.5 per cent YoY to SAR97.23m in the July-September 2019 period when compared with the equivalent period the previous year. In the first nine months of 2019 net profits reached SAR17.6m, when compared with losses of SAR65.63m in the 9M18. Total revenues surged by 35.7 per cent YoY to SAR279.9... |
Najran Cement Co posts 159% rise in net profit07 May 2019, Published under Cement NewsSaudi Cement producer Najran Cement Co reported a 159 per cent increase in net profits (after zakat and tax) to SAR6m (US$1.6m) in the 1Q19 when compared with the 1Q18, when it reported a loss of SAR10.2m. Sales revenues reached 106.5m in the first three months of 2019, up from SAR97m in the year-ago period. Total profits reached SAR22.6m, an considerable improvement when compared with the SAR9.7m reported in the 1Q18. The improved results have been attributed to an increase in sales volu... |
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