Cement News tagged under: Riyadh Cement

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Riyadh Cement reports 8% uptick in sales

19 March 2024, Published under Cement News

Saudi Arabia-based cement producer Riyadh Cement Co reported a 7.6 per cent increase in sales to SAR643.4m (US$171.6m) in 2023 when compared with SAR598m in 2022 on the back of an increase in sales volumes. The company’s operating income slipped by 0.4 per cent YoY to SAR201.06m in 2023 from SAR201.94m. Net profit declined by 0.6 per cent SAR188.8m in 2023 from SAR189.8m in the year-ago period. Annual earnings were affected by higher general and administrative expenses as well as zakat c...

SpectraFlow Analytics completes Airslide analyser installation

27 February 2024, Published under Cement News

SpectraFlow Analytics Ltd has successfully installed an Airslide analyser at Riyadh Cement in Saudi Arabia. After successfully installing six Crossbelt analysers, this represents the seventh installation of a SpectraFlow raw mill analyser for raw mill optimisation in the country.

Riyadh Cement reports drop in 1H profit

07 September 2022, Published under Cement News

Saudi Arabian cement producer Riyadh Cement Co posted a 28.8 per cent decline in 1H22 sales to SAR285.6m (US$76.2m) from SAR401.4m in the 1H21. The company’s net profit after zakat and tax fell by 46.9 per cent to SAR85.1m in the 1H22 from SAR160.4m in the 1H21.

Riyadh Cement reports 47% profit fall in 1H22

06 September 2022, Published under Cement News

Saudi-based Riyadh Cement has reported a 47 per cent YoY decline in profit to SAR85m (US$22.67m) in the opening six months of 2022. Over the same period, the company saw its revenue contract by 35 per cent to SAR258m, reports Arab News. The fall is being blamed on lower cement sales. According to the company, which operates an integrated plant in Muzahmiyah , it plans to pay SAR0.75/share in cash dividends in the 1H22.

Riyadh Cement sees 4% drop in net profits in 2021

30 March 2022, Published under Cement News

Saudi cement company Riyadh Cement Co posted a 3.8 per cent decline in net profits after zakat and tax to SAR211.64m in 2021, when compared with 2020 when net profits after zakat and tax reached SAR219.95m. Revenues were up 13.7 per cent to SAR671.06m in 2021 from SAR590.29m in 2020, according to a bourse filing.

Aggregate Saudi Arabian Cement sales fall 7% in December

11 January 2022, Published under Cement News

The aggregate sales of 17 Saudi cement producers decreased by seven per cent to 4.8Mt in December 2021, from 5.2Mt in the same month last year, according to recent data issued by Yamama Cement Co. In terms of local sales, 14 companies witnessed a sales drop, led by Northern Region Cement Co with a decline of 58 per cent YoY. It was followed by United Cement Co and Hail Cement Co with YoY decreases of 34 and 27 per cent, respectively. Argaam reports that Yamama Cement, Tabuk Cement...

Riyadh Cement completes record kiln operation

01 December 2020, Published under Cement News

Saudi Arabia-based Riyadh Cement Co has completed its longest kiln operation without interruption with 70 days of continuous operation (1676.67h) without any single minute interruption. The plant also operated the kiln at 103 per cent capacity, averaging 5145tpd of production from 5000tpd of designed plant capacity.   The stoppage was preventively taken to inspect the clinker pan conveyor which took about 4-6h maintenance. This performance was only possible due to the high leve...