Cement News tagged under: Yanbu Cement Co

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Yanbu Cement Co sees revenue up 10% in 9M21

22 October 2021, Published under Cement News

Saudi Arabia’s Yanbu Cement Co has reported a 55.8 per cent YoY decline in net profit to SAR36.4m (US$9.71m) in the third quarter of 2021, compared to SAR82.48m in the year-ago period. Revenue also fell 13.5 per cent YoY to SAR207.78m from SAR240.36m in the 3Q20. During the first nine months of the year, the company recorded a 28.7 per cent decrease in profit to SAR149.69m from SAR210.12m in the 9M20. However, revenue was up 10 per cent YoY to SAR742.87m in the 9M21.

Yanbu Cement to reduce heat and power consumption

22 April 2020, Published under Cement News

Saudi-based Yanbu Cement Co(YCC) has signed an agreement in early 2020 for a considerable efficiency upgrade to be carried out by FLSmidth, focussing on reducing heat and power consumption.  With increased attention on sustainability in the region, YCC, located 400km north of Jeddah, has chosen FLSmidth to provide the equipment and carry out the installation, projected to bring significant reduction in heat and power consumption. The project includes the supply and installation of new top ...

Yanbu Cement 3Q profit slips

01 November 2018, Published under Cement News

Yanbu Cement posted 3Q revenues of SAR153m (US$40.8m), down 11.6 per cent YoY when compared with SAR173m reported in 3Q17. The Saudi cement producer’s net profit (after zakat and tax) edged down from SAR18m in 3Q17 to SAR17m in 3Q18.

Yanbu 2Q sales hit by weak demand and strong competition

02 August 2017, Published under Cement News

Saudi-based Yanbu Cement Co's second quarter net profit fell by 49.7 per cent YoY, and 35.5 per cent on a sequential basis, according to a bourse filing. The drop in profits is attributed to lower sales, which resulted from a weak demand and fierce competition. Net profit decreased to SAR80m (US$21.3m) in the three months to the end of June 2017 from SAR159m in the same period a year earlier. Sales were down by 38 per cent YoY to SAR214m during the 2Q17. In terms of Yanbu's first-half ...

Saudi Arabia lifts ban on cement exports as construction sector slows

13 April 2016, Published under Cement News

A senior official in Saudi Arabia has said that the kingdom's ban on cement exports has been lifted. According to reports from Reuters, the ban - imposed in 2008 and renewed in 2012 - has been overturned because of a slowdown in the construction sector, which has led to an oversupply of cement. Dr Ahmed Zugail, director general of Yanbu Cement Company and deputy head of the National Committee for Cement Companies, told the Al Riyadh newspaper that he welcomed the news, given that Saudi...

Yanbu Cement Co net profit down 11.1% in 1Q16

07 April 2016, Published under Cement News

Yanbu Cement Company posted a 11.11 per cent decline in net profit for the first quarter of 2016, according to a bourse filing sent Wednesday. The cement producer generated SAR184m (US$49m) earnings in the three-month period, down from SAR207m reported in the same quarter a year earlier. Yanbu Cement ascribed the lower profits to a decline in sales volume in addition to a rise in fuel prices.

Yanbu Cement Co 4Q15 net profit up 8.3% YoY

11 January 2016, Published under Cement News

Saudi producer Yanbu Cement Co posted 8.3 per cent YoY growth in net profit to SAR209m (US$55.6m) for the fourth quarter of 2015, up from SAR193m in the prior-year period. The cement producer attributed the profit rise in the 4Q15 to an increase in sales. Meanwhile, the full-year net profit rose 0.50 per cent to SAR806m from SAR802m a year ago.

Yanbu 2Q earnings rise to SAR246m

06 July 2015, Published under Cement News

Saudi producer Yanbu Cement Co (YCC) posted SAR246m (US$66m) in net earnings for the second quarter of 2015, rising 2.07 per cent compared with SAR241m in the same period a year earlier. The six-month earnings rose 1.57 per cent YoY from SAR446m to SAR453m.

Yanbu Cement 3Q profit up 16.4%, Saudi Arabia

15 October 2014, Published under Cement News

Saudi-based Yanbu Cement net earnings grew by 16.43 per cent YoY in the third quarter of 2014 to SAR163m, but declined by 32.37 per cent compared to 2Q14. The company said the third quarter annual increase was was due to the lower cost of sales due on the back of a boost in production and receipt of a clinker import subsidy. The company attributed the QoQ decline to lower sales due to the Ramadan and Eid al-Fitr holiday. Earnings for the first nine months of the year declined by 7.87 pe...

Saudi Arabia's cement industry looks forward to good times

07 April 2014, Published under Cement News

Saudi Arabia's cement companies are preparing for long-term cement demand growth as they expand their capacity. However, for some such as Yanbu Cement, the past quarter has seen earnings contract. NBK Capital raised Yamama Cement’s share value from SAR52.50 (US$14.00) to SAR54.42. Several new megaprojects are scheduled to come online, which are expected to drive longer-term cement demand. In addition, cement demand had been heavily focussed towards the Western Region in the past two years...