Cement News tagged under: Saudi Arabia
Phase 2 of Najran WHR trial operations to continue to end-April22 January 2014, Published under Cement NewsNajran Cement has said trial operations of a second phase of its waste heat recovery plant are expected to continue to the end of April, the Saudi-based producer said in a bourse statement. The company launched phase 1 of trial operations at the plant on 11 January which will take 10 days to complete. Commercial operations are yet to be announced. The 27.1MW project is being carried out by China’s Sinoma Energy Conservation on a turnkey basis. The US$44.9m investment will help Najran to r... |
ACC reports full-year loss, Saudi Arabia21 January 2014, Published under Cement NewsSaudi producer Arabian Cement Company (ACC) reported SAR190m (US$50.7m) in net earnings in FY13, a 50.96 per cent decline compared with SAR387.4 min FY12. In the fourth quarter of 2013, ACC reported a loss of SAR108.7m against a loss of SAR82.3m in the corresponding period of the previous year. ACC is the the fifth-largest producer in Saudi Arabia with a capacity of 3.84Mta. The company had planned to add a new 7000tpd line (2.3Mta) to increase its existing capacity by 41 per cent. Howeve... |
Tabuk full-year net earnings decline, Saudi Arabia20 January 2014, Published under Cement NewsTabuk Cement' FY13 net earnings decreased 5.86 per cent in 2013 to SAR173.4m (US$46m) from SAR184.2m the year before. The Saudi-based producer said net earnings in the fourth quarter of 2013 also fell by 16.26 per cent YoY to SAR38.1m (US$10.2m) compared to SAR45.5m in the comparative period of 2012. |
Southern Province posts flat full-year profit17 January 2014, Published under Cement NewsSouthern Province Cement posted a SAR1.006bn (US$268m) net profit in 2013, almost flat from SAR1bn the year before. Earnings per share stood at SAR1.013. Operating profit for the Kingdom’s largest cement firm by market value, fell from SAR1.008bn in 2012 to SAR973m last year. |
Yamama Cement net profit rises 6.4% YoY16 January 2014, Published under Cement NewsYamama Cement Co of Saudi Arabia said yesterday its net profit for 2013 rose by 6.4 per cent to SAR870m (US$232m), up from SAR818m a year ago. The increase was attributed to a rise in extraordinary gains from the sale of stakes in affiliate companies, Yamama Cement said without giving exact figures. The operating profit declined to SAR829m from SAR863m. |
Saudi Cement 4Q13 profit down 8% YoY15 January 2014, Published under Cement NewsSaudi Cement reported an eight per cent fall in fourth-quarter profit on Tuesday, attributed to lower sales and rising raw material costs. In the three months to the end of December the company posted a net profit of SAR256m (US$68.3m), down from the SAR278m in the same period of the year before, according to a statement to Saudi Arabia’s bourse. Saudi Cement attributed the profit drop to a decrease in sales during the quarter and the high cost of imported clinker. |
Full-year Saudi cement sales rise 4%14 January 2014, Published under Cement NewsCement sales in Saudi Arabia increased by four per cent in 2013 to 55.6Mt compared to 53.5Mt in 2012, a report released by local producer Yamama Cement Co has revealed. However a six per cent YoY decline was recorded in December to 4.79Mt, with all but four cement companies reporting a drop in sales. Increases were seen at Madinah Cement (+40 per cent), Arabian Cement (+37 per cent), Northern Province (+22 per cent) and Safwa Cement (+16 per cent). Meanwhile, Al Jouf and Riyadh Cement reg... |
Najran Cement launches trial operations of WHR plant, Saudi Arabia13 January 2014, Published under Cement NewsNajran Cement on Saturday launched on Saturday trial operations of the first phase of its waste heat recovery (WHR). The trial will take 10 days to complete and the commercial launch is yet to be announced. The WHR project, with a projected power generation capacity of 27.1MW, is being carried out by China's Sinoma Energy Conservation on a turnkey basis. The installatin will help Najran reduce CO2 emissions and HFO consumption, as well as improve energy efficiency. Najran Cement operat... |
Yamama posts preliminary 4Q13, full-year results, Saudi Arabia08 January 2014, Published under Cement NewsYamama Cement posted its preliminary 4Q and FY13 results, with net profit up 2.3 per cent to SAR870m. The results were one per cent below estimates by NBK Capital but in line with a Bloomberg consensus of SAR867m, NBK Capital said in a descent report. "This implies a net profit for 4Q2013 of SAR178m, slightly below our forecast of SAR186m." According to NBK Capital, Yamama published a 4Q13 gross profit (post depreciation) of SAR165m, down 22.5 per cent YoY. Assuming quarterly depreciat... |
Yanbu Cement full-year net profit rises 14.3%07 January 2014, Published under Cement NewsYanbu Cement Co’s net profit rose 14.3 per cent YoY to SAR832m (US$219.4m) in 2013, the company announced in a bourse filing. Operating profit increased to SAR847m from SAR757m in 2012. The company attributed the rise to higher sales without giving exact figures. The Saudi-based producer reported earnings per share of SAR5.23, up from SAR4.57. |