Cement News tagged under: Qatar National Cement
QNCC full-year profit up 10%22 January 2016, Published under Cement NewsQatar National Cement Company (QNCC) reported a 10.28 per cent rise in net profit to QAR463.5m (US$127.3m) for the 12 months to the end of December 2015 compared to QAR420.3m in the same period in 2014. Earnings per share grew to QAR 8.58 in 2015 compared to QAR7.78 a year earlier, according to a Qatar Stock Exchange bulletin. QNCC Board of Directors have recommended distribution of 40 per cent cash dividends and 10 per cent bonus shares. The company is currently constructing a fifth kil... |
Qatar consumption forecast to double by FY1718 April 2014, Published under Cement NewsCement consumption in Qatar is expected to double from current levels within the next three years, a new report has forecast. Dubai-based financial services firm Arqaam Capital said in its report on Qatar’s cement sector released this week that consumption will be driven by heavy government infrastructure spending. Citing various official data, the report said Qatar is expected to open up to QAR182bn (US$50bn) construction projects this year, up 15 per cent compared to last year. The m... |
Qatar National Cement posts US$119.7m net profit in 201328 January 2014, Published under Cement NewsQatar National Cement Company registered an increase in net profit to QAR436m (US$119.7m) for the 12 months to December 2013, compared to QAR425.3m a year earlier, the company said yesterday in a bourse filing. Earnings per share (EPS) stood at QAR8.88, up from QAR8.66. The company's board of directors has proposed a 60 per cent cash dividend for 2013, translating into QAR6/share. |
Letter of Intent signed for new Qatari plant02 December 2013, Published under Cement NewsFLSmidth has confirmed that it has signed a Letter of Intent with Qatar National Cement for a cement plant, following reports in the Qatari media. The Danish equipment supplier said in a statement if and when the contract is finalised and becomes binding, it will immediately inform the market. The project is for a new cement plant in Qatar. |
Qatar could face shortages due to lack of capacity additions17 October 2013, Published under Cement NewsQatar could face a “major cement shortage” in the near term with no major capacity expansions in the pipeline to meet expected strong rises in demand, a new report by Global Investment House (GIH) has cautioned. In anticipation of the FIFA World Cup in 2022 in Qatar, there are numerous projects planned and underway to ensure that the country has the right infrastructure and competition venues to support an influx of visitors. Projects are currently focused on housing, hotels, 12 stadi... |
Lower revenues and higher costs hurt QNCC net profit05 March 2013, Published under Cement NewsQatar National Cement (QNCC) reported a seven per cent decline in 2012 net profit on the back of lower revenues and higher costs. Net profit for the 12 months to the end of December 2012 fell to QAR425.31m (US$116.8m) while revenues were down three per cent to QAR964.28m. The company also registered an eight per cent rise in selling and distribution costs to QAR8.64m, general and administrative expenses were up by seven peer cent and an impairment loss of five Located at Umm Bab, 82km ... |
Qatar National Cement issues tenders for new plant13 August 2012, Published under Cement NewsQatar National Cement Company has issued a tender for the construction of a new cement plant at its Umm Bab base According to reports in Construction Week, the company said that it has outlined two separate options for the plant, which is 82km outside of Doha: one would be capable of producing 5000tpd of clinker and the second would be capable of producing 7000t. The firm said that a tender for consultants to design the plant is already "on the stage of receiving quotations". |
Qatar National Cement first-half net profit rises YoY01 August 2012, Published under Cement NewsQatar National Cement achieved a net profit of QAR225.3m (US$61.9m) in the first six months of 2012 compared to QAR214.3m in 1H11. Earnings per share amounted to QAR4.59 as of 30 June 2012 against QAR4.36 in the corresponding period of last year. |
Qatar National Cement to build new plant21 June 2012, Published under Cement NewsThe board of directors of Qatar National Cement Company (QNCC) has approved the construction of a new plant with a clinker capaicty of 5000tpd, the company said in a statement to the bourse. The board has mandated the company’s management to take the necessary steps to execute the project, SeeNews Middle East and Africa reports. QNCC reported a net profit of QAR117.9m for the first quarter of 2012, up from QAR113.7m a year earlier. |
Qatar quarry relocation not to affect cement sector11 April 2012, Published under Cement NewsQatar’s reported moves to relocate as many as 14 quarries will not affect the country's cement production base, according to a report by Global Investment House (GIH). "At the end of February 2012, the Qatari government announced closure of 14 quarries due to environmental reasons,” Global said in a ‘GCC Cement Quarterly’ report. “Global Research had discussion over this topic with one of the listed companies, which was of the view that it would not affect the local cement manufactu... |