Cement News tagged under: Yanbu Cement

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Saudi Arabia: strong annual 3Q gains for Yanbu despite weak start

17 October 2014, Published under Cement News

Yanbu Cement reported a 16.4 per cent rise in third-quarter net profit to SAR163m (US$43.4m), driven by lower cost of sales due to increased production and the government's subsidy on imported clinker. The result was well ahead of estimates by Al-Rahji Capital who forecast net profit of SAR131m for the three month period (consensus: SAR149m). Yanbu's robust performance came as a surprise to Al-Rahji analysts given that the cement producer's sales decided by eight per cent YoY in the first ...

Yanbu Cement full-year net profit rises 14.3%

07 January 2014, Published under Cement News

Yanbu Cement Co’s net profit rose 14.3 per cent YoY to SAR832m (US$219.4m) in 2013, the company announced in a bourse filing. Operating profit increased to SAR847m from SAR757m in 2012. The company attributed the rise to higher sales without giving exact figures. The Saudi-based producer reported earnings per share of SAR5.23, up from SAR4.57.

Saudi cement market records further volume expansion

30 September 2013, Published under Cement News

Saudi cement companies saw profits rise 8.2 per cent as cement demand in the kingdom continued to expand on the back of large projects, said Global Research in its June 2013 report. Cement demand in the 1Q13 stood at 15.5Mt compared to 14Mt in the same period last year. Saudi Cement and Southern Province Cement lead the sales volume rankings, resulting in market shares of 15.7 and 13 per cent, respectively. Cement output rose 16.3 per cent to 13.1Mt while clinker production increased 9...

Higher volumes and sales boost Yanbu first half, Saudi Arabia

15 July 2013, Published under Cement News

Yanbu Cement Co's first-half net profit rose by 44.7 per cent YoY to SAR521m (US$138.9m), thanks to higher production and sales volumes supported by the start of its kiln line No 5 last year. Earnings per share (EPS) stood at SAR 3.31, up from SAR 2.29 a year ago. For the second quarter of 2013, YCC registered a net profit of SAR274m, an increase from SAR216m a year earlier.

Yanbu Cement 1Q13 net profit surges on expansion, Saudi Arabia

09 April 2013, Published under Cement News

Yanbu Cement announced that, according to preliminary figures, its net profit for the first quarter of 2013 surged by 70 per cent YoY, on the back of increased capacity. Net profit for the three months to the end of March 2013 rose to SAR247m (US$65.9m) according to the preliminary data. Earnings per share stood at SAR1.57, up from SAR0.92. "The increase in the current quarter profit compare with the same quarter for the previous year due to increase in sales quantity due to start Line...

Yanbu Cement full-year net profit rises 36% YoY

28 January 2013, Published under Cement News

Saudi cement producer Yanbu Cement Co (YCC) reported a surge in full-year net profit thanks to increased demand and a new production line as top capacity players benefit from the country's boom period. The company's net profit rose 36 per cent YoY in 2012 to SAR720.5m (US$192.1m). Earnings per share (EPS) stood at SAR 6.86, up from SAR 5.04. Local cement producers have been riding high on government projects which puts emphasis on improving education, social services and basic infrastruc...

Dr Ahmed Zugail returns to Yanbu Cement, Saudi Arabia

23 January 2013, Published under Cement News

Saudi-Arabia based Yanbu Cement Company (YCC) has announced that Dr Ahmed A Zugail has taken up his position as new Director General/CEO, effective 1 September 2012. Dr Zugail succeeds Dr Saud Islam following his recent retirement. Dr Zugail, a Mining Engineer with a doctorate in Mineral Economics from the Colorado School of Mines, USA, joins YCC with a rich experience in the cement industry. His previous role was as President/CEO of Najran Cement for six years. The new position at YCC...

Yanbu Cement records 25.5% YoY rise in quarterly net profit

21 November 2012, Published under Cement News

In the quarter ended 30 September 2012, Yanbu Cement saw total revenues fall 21.4% to SAR339.6m (US$90.5m) and net profits slipped from SAR215.6m to SAR156.7m when compared to the previous quarter. However, on a YoY basis, the company recorded a 149.7% sales revenue increase from SAR272.5m. In terms of net profit, the Saudi Arabian cement producer reported a 25.5% advance from SAR124.9m.

Yanbu Cement sees 22 per cent rise in 3Q net profit, Saudi Arabia

02 October 2012, Published under Cement News

Yanbu Cement’s net profit rose 22 per cent YoY in 3Q12 to SAR152m (US$40.5m) from SAR125m due to increased sales, according to a statement to the Saudi bourse. (Bloomberg)

Yanbu Cement 1H net profit rises four per cent, Saudi Arabia

09 July 2012, Published under Cement News

Saudi Arabia-based Yanbu Cement said net profit for the first half of 2012 rose by 43.4 per cent YoY to SAR360m (US$96m). Earnings per share stood at SAR3.43, up from SAR2.39. For the second quarter of 2012, Yanbu’s net profit reached SAR216m from SAR150m from the same period of last year. The company attributed the strong performance to higher production and sales volumes as a result of the launch of Kiln Line No 5.