Cement News tagged under: Yamama Cement Company

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Yamama Cement achieved a net profit of SAR132.6m in 1H21

29 July 2021, Published under Cement News

Saudi Arabia-based Yamama Cement recorded a net profit after zakat and tax of SAR132.6m (US$35.3m) in the 1H21, a 24 per cent fall from SAR174.8m in the same period a year ago. The company attributed the drop in net profit to lower sales volumes.  Yamama reported a net profit after zakat and tax of SAR 77.7m in 2Q21, a 53 per cent increase from SAR 50.8m in the year-ago period. The cement producer cited higher sales, and lower provisions for zakat as well as general and administra...

Yamama Cement reports revenues of SAR211m in FY20

15 February 2021, Published under Cement News

Saudi Arabia’s Yamama Cement (YSCC) registered revenue of SAR211m (US$56m) in FY20,a YoY drop of 10.8 per cent. Cement sales volumes for 4Q20 reached at 1.19Mt. Gross profit and operating income fell by 23.2 per cent YoY and 24.8 per cent YoY, respectively. For 2020 YSCC registered a volume growth of 17.9 per cent YoY. Growth was aided by strong momentum in real estate activities in the local market, reports Trade Arabia. “The operating performance during the quarter was impacted by high p...

Yamama Cement sees revenues of SAR58.12m in 3Q20

21 October 2020, Published under Cement News

Yamama Cement (YSCC) posted a revenue of SAR218m (US$58.12m) in 3Q20, a YoY growth of 16.6 per cent.  Cement volumes grew by 24.9 per cent in 3Q20 compared to 3Q19 at 1.13Mt. Gross profits and operating income increased by 27 per cent YoY and 33.4 per cent YoY respectively, aided by higher volume and the resulting operating leverage.  For the nine months, YCC registered a volume growth of 23.9 per cent YoY. Growth was aided by strong momentum in real estate activities in the local...

Saudi sales increase 24% YoY in November

11 December 2019, Published under Cement News

The sales of 17 cement companies in Saudi Arabia amounted to 4.27Mt in November 2019, a 23.8 per cent YoY increase compared with 3.45Mt in the year-ago period, according to a report by Yamama Cement. Cement production rose by 22 per cent YoY to 4.3Mt during the period, against 3.54Mt in November 2018. Inventories showed modest growth to 1.22Mt from 1.18Mt.  Southern Province Cement Co reportedly recorded the highest sales volume at 613,000t, followed by Saudi Cement Co and Yanbu Cement.

Saudi Cement producers profits recover in 2Q19

02 August 2019, Published under Cement News

Saudi Cement posted net income of SAR92.3m (US$24.613m) in 2Q19 and profits were up 59 per cent in the period compared to 2Q18, but declined  by 30.3 per cent compared to 1Q19. The company recorded cement sales of SAR338.6m and received average prices of SAR217.6/t. "The YoY increase is mainly attributed to improved selling price and volumetric sales, despite an increase in administrative expenses. Deviation in 2Q earnings from our estimates is mainly ascribed to higher-than-expected cost...

Saudi Arabia: Wärtsilä power plant for Yamana Cement

29 June 2016, Published under Cement News

Yamana Cement Company have awarded Wärtsilä an EPC contract for the supply of a 161MW Flexicycle power plant. In addition to the EPC contract, the companies have also signed a five-year operation and maintenance management agreement as well as a 10-year spare parts supply agreement. The value of the order stands at approximately EUR115m (US$127m). The power plant will be delivered in four phases, with the first phase estimated to be delivered by the end of 2017. The complete plant is sche...

Yamama Cement Co fourth-quarter earnings down 14.61% YoY

19 January 2015, Published under Cement News

Yamama Cement Co recorded a 14.61 per cent decline in net earnings in the fourth quarter of 2014 to SAR152m (US$40.5m), compared to SAR178m in the comparative period of the previous year. However, earnings were up 10.95 per cent compared to the SAR137m recorded in the 3Q14. Full-year profit also declined by 22.87 per cent YoY from SAR870m. Operating profit also fell 20.63 per cent to SAR658m, compared with SAR829m a year earlier.

Yamama Cement sees June deliveries decline

11 July 2014, Published under Cement News

Yamama Cement's June domestic deliveries reached 484,000t, a 5.5 per cent decline MoM and a 17.7 per cent YoY fall, according to NBK Capital. However, this figure was in line with NBK Capital's 1.5Mt estimate of the 2Q14 sales volume. Yamama Cement’s primary area of activity in Riyadh is still experiencing a slowdown in construction activity, on the back of the labour correction campaigns that were introduced by the Saudi government. The research house expects to start seeing  improvement ...

Yamama posts preliminary 4Q13, full-year results, Saudi Arabia

08 January 2014, Published under Cement News

Yamama 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...

Higher demand lifts Yamama 1H net profit, Saudi Arabia

27 August 2013, Published under Cement News

Saudi-based producer Yamama Cement Company reported a 11.7 per cent YoY rise in first half net profit thanks to a rise in sales due to higher local demand. For the first six month of the year, profit climbed to SAR544m (US$145m), up from SAR487m in the same period of last year. Gross profit rose to SAR562m from SAR526m a year earlier.