Cement News tagged under: Qassim Cement

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Qassim Cement second quarter net rises YoY, Saudi Arabia

11 July 2012, Published under Cement News

Qassim Cement Company posted a three per cent YoY rise in consolidated net profit of SAR149m (US$40m) for the second quarter of 2012, thanks to increased sales. However, on a QoQ basis, net profit was down 5.97 per cent which the company attributed to increased costs due to the purchase of clinker from the local market. Operating profit during the second quarter was SAR153m compared to SAR145m for the corresponding quarter last year, which represents a rise of 5.31 per cent. Consolid...

Qassim Cement net profit rises, Saudi Arabia

04 June 2012, Published under Cement News

Saudi cement producer Qassim Cement Co (QCC) posted a SAR158.4m (US$42.2m) net profit for the first quarter of 2012 up from SAR147.2m a year ago. The company attributed the increase to a rise in sales but did not provide any exact figures.

Saudi cement companies 1Q net profit rise, Saudi Arabia

09 April 2012, Published under Cement News

Two leading Saudi Arabian cement producers have reported a rise in first quarter 2012 net profit due to higher sales.   Yanbu Cement said its first quarter 2012 net profit surged 43.6 per cent YoY to SAR145m (US$38.7m). Earnings per share stood at SAR1.38, up from SAR0.6 from the same period last year.   Meanwhile, Qassim Cement net profit rose 7.7 per cent to SAR158.4m (US$42.3m). First-quarter earnings per share were SAR1.76, down from SAR1.64 a year earlier, while operating profit rose 6....

Saudi Cement to restart line No 6 in May

16 February 2012, Published under Cement News

Saudi Cement announced that it will restart its sixth kiln line in May this year at the latest after upgrade work is completed. The company has been working on improving the 4000tpd line’s environmental efficiency as well as converting the kiln’s energy source to crude oil from gas, as per Saudi Aramco’s directions. At the same time, the company will restart three old production lines with a total capacity of 1325tpd to meet rising demand in Saudi Arabia. Earlier this week, Saudi Cemen...

Qassim net profit up 10 per cent YoY

16 February 2012, Published under Cement News

Qassim Cement’s full year 2011 net profit grew approximately 10% to SAR553m, according to a statement on the stock exchange website. The board is proposing a cash dividend distribution of SAR3.5/share for 2H11, which would bring total FY11 dividend payments to SAR5.75/share.