Cement News tagged under: Sharjah Cement

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Sharjah Cement elects new chairman

14 October 2019, Published under Cement News

UAE-based Sharjah Cement has elected Othman Mohammed Sharif Abdullah as its new chairman and board member, according to a bourse statement on Sunday. The election was made during the company’s board meeting on Saturday, 12 October 2019.

Sharjah Cement sees 85% drop in profit for 1H19

06 August 2019, Published under Cement News

UAE-based Sharjah Cement has seen an 84.7 per cent YoY fall in profit to AED2.54m (US$691,626) for the 1H19, compared with AED16.55m in the year-ago period. The company also reported an 8.5 per cent decline in revenue to AED291.43m from AED318.48m. In the 2Q19, profits slipped 60.2 per cent to AED1.74m from AED4.37m. Revenue decreased 5.1 per cent to AED138.31m, against AED145.81m in the 2Q18.

Sharjah Cement reports fall in profit for 2018

04 March 2019, Published under Cement News

UAE-based Sharjah Cement & Industrial Development Co has reported a 54.6 per cent YoY fall in profit during 2018, declining to AED29.4m from AED64.78m (US$17.6m) in 2017. Revenue also decreased 8.2 per cent to AED596.8m, compared with AED650m of the previous year.

Sharjah Cement records decreasing sales

06 November 2018, Published under Cement News

UAE-based Sharjah Cement has announced an 82.3 per cent fall in net profit for the 3Q18, dropping to AED2.2m (US$599,046) from AED12.4m a year ago. The company has attributed the results to a decline in income from investments and sales. Sales decreased 9.9 per cent to AED131.3m from AED145.7m in the 3Q17. In the first nine months of 2018, Sharjah’s profit was down 67 per cent at AED14.3m compared to AED43.6m in the year-ago period.

Sharjah Cement FY17 net profit up 2%

05 February 2018, Published under Cement News

Sharjah Cement saw net profit edge up 1.6 per cent to AED65m (US$17.7m) in 2017 from AED64m a year ago, according to Reuters. Revenues of the UAE cement producer rose 6.2 per cent from AED612m in 2016 to AED650m last year.

SCDIC sees a net profit increase of 10.2% in 3Q17

09 November 2017, Published under Cement News

SCIDC posted a net profit of AED12.38m (US$3.37m) in 3Q17, which is an increase of 10.2 per cent YoY according to Mubasher. The revenues for the company totalled AED145.71m for the third quarter of 2017, an increase of 15.6 per cent from the corresponding period in 2016. SCIDC saw a 0.9 per cent YoY increase in net profits for 9M17, rising to AED43.58m from AED40.41m.

Sharjah Cement 1Q profit edges ahead

02 May 2017, Published under Cement News

UAE-based Sharjah Cement and Industrial Development Co registered a YoY rise of 1.75 per cent in 1Q17 profit. Earnings totalled AED11.6m (US$3.16m) in 1Q16 compared with AED11.4m (US$3.10m), according to a bourse filing on Monday. Shareholders equity stood at AED1.4bn in 1Q17 from AED1.39bn in 1Q16. Revenues in the first three months of this year fell by 5.09 per cent to AED165m from AED174m in the comparative period of 2016, the statement added.

UAE: Sharjah Cement sees 20% fall in 4Q profits

15 February 2017, Published under Cement News

Sharjah Cement and Industrial Development Co reported a 20 per cent YoY decrease in profits for 4Q16. Profits declined from AED24.52m (US$6.68m) in 4Q15 to AED1958m in 4Q16. Net profit for 2016 amounted to AED60m, 3.2 per cent down from AED62m in 2015, according to a bourse filing. Revenues decreased in 2016 to AED612m from AED639m for 2015.

UAE: Sharjah Cement profits fall 17% in 2Q16

01 August 2016, Published under Cement News

Sharjah Cement and Industrial Development Co reported a 17 per cent fall in 2Q16 profits, according to a bourse statement. Profits reached AED17.8m (US$4.84m), compared to AED21.4m in the equivalent period of the previous year. In the first half of 2016, the company generated a profit of AED29.2m, down from AED32.62m in 1H15. Sales rose 6.2 per cent YoY to AED343m in 1H16 from AED322.78m.

UAE cement producers see improvements in 9M12 profits

01 November 2012, Published under Cement News

Two leading cement producers in the UAE have posted an improvement in profits for the first nine months of 2012 as construction activity on the local market shows signs of a revival. Arkan Building Materials said profits grew 76 per cent during the year to the end of September to AED41.5m (US$11.2m). The company’s improvement was attributed to a 38 per cent rise in sales which increased to AED295.1m during the year from AED213.5m in the same period of the previous year. Revenue at Arkan’s E...