Cement News tagged under: Saudi Arabia

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Tabuk Cement sees 11% decrease in profit

04 November 2021, Published under Cement News

Saudi Arabia’s Tabuk Cement has posted a 10.5 per cent YoY fall in net profit to SAR8.48m (US$2.26m) in the third quarter of 2021, compared with SAR9.47m in the year-ago period. Sales also declined 32.9 per cent YoY to SAR48m from SAR71.49m in the 3Q20.

Najran Cement sees 24% fall in profit

02 November 2021, Published under Cement News

Saudi Arabia’s Najran Cement has posted a net profit of SAR36.1m (US$9.23m) in the third quarter of 2021, down 23.8 per cent YoY from SAR47.4m in the year-ago period. Sales also declined 20.8 per cent YoY to SAR125.9m from SAR159m in the 3Q20. 

City Cement sees 26% fall in profit

02 November 2021, Published under Cement News

Saudi Arabia's City Cement has posted a 25.6 per cent YoY decline in net profit to SAR38m (US$10.13m) in the quarter ending 30 September 2021, compared with SAR51.1m in the year-ago period. Sales also fell 20.6 per cent to SAR111.6m from SAR140.6m in the 3Q20. 

Umm Al Qura Cement's revenue down 35% YoY

27 October 2021, Published under Cement News

Saudi Arabia’s Umm Al Qura Cement Co has posted a net profit after tax of SAR12.47m (US$3.33m) in the quarter ending September 2021, down 60.9 per cent YoY against SAR31.91m in the year-ago period. Revenue also declined 35 per cent YoY to SAR56.96m from SAR87.61m in the 3Q20.

Yanbu Cement Co sees revenue up 10% in 9M21

22 October 2021, Published under Cement News

Saudi Arabia’s Yanbu Cement Co has reported a 55.8 per cent YoY decline in net profit to SAR36.4m (US$9.71m) in the third quarter of 2021, compared to SAR82.48m in the year-ago period. Revenue also fell 13.5 per cent YoY to SAR207.78m from SAR240.36m in the 3Q20. During the first nine months of the year, the company recorded a 28.7 per cent decrease in profit to SAR149.69m from SAR210.12m in the 9M20. However, revenue was up 10 per cent YoY to SAR742.87m in the 9M21.

Yamama Cement Co sees 32% decline in sales

19 October 2021, Published under Cement News

Saudi Arabia’s Yamama Cement Co has posted a 31.6 per cent YoY decline in sales to SAR170.7m (US$45.52m) in the quarter ending 30 September, compared to SAR249.65m in the year-ago period. Net profit was down 58.1 per cent YoY to SAR39.97m from SAR95.32m. In the first nine months of the year, sales fell 21.7 per cent YoY to SAR553.5m while net profit declined 36.1 per cent to SAR172.5m.

Saudi Arabian cement sales decline in September

07 October 2021, Published under Cement News

The aggregate sales of 17 Saudi cement producers decreased by 11 per cent to 4.1Mt in September, from 4.6Mt in the same month last year, according to recent data issued by Yamama Cement Co. In terms of local sales, 12 companies witnessed a sales drop, led by Northern Region Cement Co with 45 per cent YoY. There were declines as well for Al-Jouf Cement Co and Umm Al-Qura Cement with -34 and -28 per cent YoY, respectively. Sales of United Cement Co remained unchanged at 141Mt. How...

Arabian Cement decides on court action over limestone dispute

24 September 2021, Published under Cement News

Arabian Cement Co of Saudi Arabia has filed a lawsuit against Emaar the Economic City to claim the remaining quantities of limestone it should have received in accordance with an agreement signed between the parties on 28 April 2012. Under the settlement, Emaar EC was committed to provide, free of charge, 50Mt of limestone needed for the cement company's manufacture from the dredging output extracted from the construction of the King Abdullah Economic City port, after obtaining the nec...

Al Jouf Cement extends SAR40m cement supply contract

07 September 2021, Published under Cement News

Al Jouf Cement Co extended has its cement supply agreement with Soliman bin Saleh Almohileb and his Sons Holding Co with a value of SAR40m (US$10.66m), according to a bourse filing. The new contract will run until 30 April 2022 and follows a SAR60m deal made on 21 December 2020, with Soliman bin Saleh Almohileb and his Sons Holding Co, Argaam reported.  Based in Al-Jaef, Saudi Arabia, Soliman bin Saleh Almohileb and his Sons Holding Co is a trading company that owns several read...

Arabian Cement records 2Q21 revenue of SAR233m

30 August 2021, Published under Cement News

Arabian Cement Co (ACC) registered a revenue for the 2Q21 of SAR233m (US$62m), a YoY increase of 66.9 per cent. The company achieved an 82.9 per cent YoY improvement in cement volume from   its Saudi Arabian operations and a 51.5 per cent YoY growth in revenue from outside the kingdom, according to Al Rajhi Capital. Cement sales volume for the 2Q21 reached 0.7Mt, 7.9 per cent higher than the research house's estimate. Gross profit and operating profit increased by 2.0x YoY and ...