Cement News tagged under: Sharjah Cement
Sharjah Cement sees 26% revenue decline in 202015 March 2021, Published under Cement NewsUAE-based Sharjah Cement has reported a 25.6 per cent decline in revenue to AED431.63m (US$117.53m) for 2020, compared to AED580.1m in the previous year. The cost of sales declined to AED436.99m from AED543.8m. The company also posted an AED70.64m loss for the year, compared to an AED12.07m profit in 2019. |
Sharjah Cement receives approval to delist17 February 2021, Published under Cement NewsUAE-based Sharjah Cement has received the approval of the Capital Market Authority (CMA) to voluntarily delist from Boursa Kuwait. On 30 April 2020, the ordinary general meeting (OGM) of Sharjah Cement had agreed on a voluntary withdrawal from the stock exchange through the required measures. |
Sharjah Cement signs SRF supply contract27 November 2020, Published under Cement NewsUAE-based Sharjah Cement Factory has signed a contract with Bee'ah, a leading environmental management company, for the supply of alternative fuel from Bee’ah’s SRF plant. A minimum of 73,000t will be provided each year. This translates to 73,000t of waste being diverted from Sharjah landfills and reused by the UAE’s industries. "Companies and industries in the UAE must work together to realise new efficiencies and achieve the country’s sustainability objectives. We thank Bee’ah for it... |
Sharjah Cement sees 25% decline in revenue16 November 2020, Published under Cement NewsUAE-based Sharjah Cement has posted a net loss of AED47.9m (US$12.9m) in the first nine months of 2020, compared to a profit of AED2.8m in the corresponding period of last year. Revenues declined 25.3 per cent YoY to AED325.22m from AED435.45m in the 9M19. In the third quarter of 2020 net losses reached AED22.7m from an AED240,000 profit in the year-ago period. |
Sharjah Cement reports net loss in 1Q2009 June 2020, Published under Cement NewsUAE-based Sharjah Cement has reported a net loss of AED9.3m (US$2.5m) in the first quarter of 2020, compared to an AED802,000 net profit in the corresponding period of last year. The company’s consolidated revenue also fell 16.3 per cent YoY to AED128.16m from AED153.1m in the 1Q19. |
Sharjah Cement elects new chairman14 October 2019, Published under Cement NewsUAE-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 1H1906 August 2019, Published under Cement NewsUAE-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 201804 March 2019, Published under Cement NewsUAE-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 sales06 November 2018, Published under Cement NewsUAE-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 NewsSharjah 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. |