Cement News tagged under: Qassim Cement
Higher sales boost Qassim Cement 1H12 net profit, Saudi Arabia21 September 2012, Published under Cement NewsSaudi cement producer Qassim Cement Co (QCC) posted a 5.3 per cent rise in net profit to SAR307.4m (US$82m) for the first half of 2012, up from SAR291.8m a year ago, which the company attributed to an increased rise in sales. Earnings per share (EPS) stood at SAR 3.42, compared with SAR 3.24. QCC registered an operating profit of SAR 315.5m for the six months to June 2012, up from SAR297.2m a year earlier. |
Qassim Cement to add new line, Saudi Arabia13 September 2012, Published under Cement NewsThe management board of Saudi cement producer Qassim Cement Co (QCC) approved at a meeting on Monday the installation of a new production line with a daily production capacity of 5500t. The company said the move is in line with its efforts to meet growing demand. (Source: SeeNews Middle East & Africa). |
Qassim Cement second quarter net rises YoY, Saudi Arabia11 July 2012, Published under Cement NewsQassim 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 Arabia04 June 2012, Published under Cement NewsSaudi 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 Arabia09 April 2012, Published under Cement NewsTwo 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 May16 February 2012, Published under Cement NewsSaudi 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 YoY16 February 2012, Published under Cement NewsQassim 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. |