Cement News tagged under: Sharjah Cement
SCDIC sees a net profit increase of 10.2% in 3Q1709 November 2017, Published under Cement NewsSCIDC 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 ahead02 May 2017, Published under Cement NewsUAE-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 profits15 February 2017, Published under Cement NewsSharjah 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 2Q1601 August 2016, Published under Cement NewsSharjah 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 profits01 November 2012, Published under Cement NewsTwo 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... |
Sharjah Cement 3Q net profit rises due to lower costs08 February 2012, Published under Cement NewsSharjah Cement says its third quarter net profit rose AED6.7m (US$1.8m) from a loss of AED4.4m in the same period last year. The company said its performance was hampered by a falls in demand and prices, but was able to cut raw materials costs, resulting in higher profits, Gulfbase reported. Sharjah’s nine month 2011 net profit fell to AED27.3m from AED99.4m in the same period last year. Despite sales falling by about 25 per cent, its cost of goods sold also fell by 31 per cent, bringing ... |