Cement News tagged under: Saudi Arabia

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Saudi Cement 3Q12 net profit rises, Saudi Arabia

15 October 2012, Published under Cement News

Saudi Cement Co reported a 7.3 percent increase in quarterly profits on higher domestic sales, Reuters reported. The company said it made US$56m net profit during the third quarter, up from US$51.9m a year ago. The company said local demand for cement and clinker grew in the July-September period. Saudi Arabia is witnessing big developments driven by the government's strategy diversify its economy away from oil. Saudi Cement also said that is operational profit for the period increased by...

Arabian Cement Company fire damage, Saudi Arabia

12 October 2012, Published under Cement News

Arabian Cement Company said that a fire which broke out at its third cement mill at its plant in Rabigh on 20 September was caused by an electrical problem, Construction Week reports. The company said that although clinker production was not impacted by the fire, the temporary closure of one of its five existing mills is likely to lead to an expected temporary drop in sales of around 1000tpd. The fire was brought under control quickly, and there were no casualties, but it could be three-to...

Southern Province Cement 3Q12 up 11.7 per cent, Saudi Arabia

08 October 2012, Published under Cement News

Saudi Southern Province Cement Company said on Sunday its third-quarter net profit rose by 11.7 percent over last year's figure due to higher local demand. The company said net earnings were SAR201m (US$56m) in the three months to Septebmber 30, compared to SAR180m in the third quarter of last year. The results were 23-percent below that of the second quarter, a decline the company attributed to lower sales during the Muslim holy fasting month of Ramadan when activity slows.

Saudi Cement's 1H12 sales surge 45%

05 October 2012, Published under Cement News

Saudi Cement Company (SCC) said that its net profit for the six months through June 2012 rose 45 per cent YoY to SAR615.8m (US$164.2m) from SAR424.6m a year earlier. The company attributed the increase to rising local demand. Operating profit increased to SAR623.4m for the first half of 2012 from SAR440.5m a year ago. Earnings per share (EPS) stood at SAR4.02, up from SAR 2.78.

Eastern Province Cement 1H12 net profit rises 12.5 per cent, Saudi Arabia

04 October 2012, Published under Cement News

Eastern Province Cement Company (EPC) recorded a SAR207m (US$55.2m) net profit for the first half of 2012, up from SAR184m a year ago, an increase of 12.5% YoY. The company attributed the increase to a rise in sales as a result of rising local demand, along with higher investment income and lower sales and distribution costs. Earnings per share (EPS) stood at SAR2.41, compared with SAR2.13. The cement manufacturer registered an operating profit of SAR211m for the first six months of 2012,...

Box Int'l to provide technical services for new Al Jouf expansion, Saudi Arabia

02 October 2012, Published under Cement News

Box International Consulting LP, a Texas, US-based cement industry consulting firm, announced today that they been issued a Grant of Authorisation by Saudi Arabia-based cement producer Al Jouf Cement Company to provide a variety of technical services at its plant located in Turaif, Saudi Arabia. Al Jouf Cement currently owns a 5000tpd cement plant and is building a second line with the same capacity. The third line, which Box International is to assist in developing, is also set to have a c...

Eastern Province Cement to add new line, Saudi Arabia

02 October 2012, Published under Cement News

Eastern Province Cement’s management board decided at a meeting on Sunday to build an additional production line, to boost output. The new production line will have a capacity of 10,000tpd. (Source: SeeNews Middle East and Africa)

Yanbu Cement sees 22 per cent rise in 3Q net profit, Saudi Arabia

02 October 2012, Published under Cement News

Yanbu Cement’s net profit rose 22 per cent YoY in 3Q12 to SAR152m (US$40.5m) from SAR125m due to increased sales, according to a statement to the Saudi bourse. (Bloomberg)

Higher sales boost Qassim Cement 1H12 net profit, Saudi Arabia

21 September 2012, Published under Cement News

Saudi 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.

Southern Province faces further delays to mill project

19 September 2012, Published under Cement News

Southern Province Cement Co said that further to its announcement on April 29 2009, regarding the delay of the operation of the third mill in Jazan plant, there will be a delay of the project for further four months for reasons beyond its control.