Arabian Cement Co profit down on lower sales and prices
Saudi-based Arabian Cement Co on Wednesday announced a 74.8 per cent YoY decrease in its profits for the second quarter of 2017, attributing the drop to lower sales volumes and ...
Arabian Cement
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Saudi Arabia: sales volumes fall 27%
Total cement sales in Saudi Arabia declined 27 per cent YoY and 39.6 per cent MoM in June, to 4.1Mt. Cement production in June was 3.66Mt, down 25 per cent YoY and 34.6 per cent...
Arabian Cement Q1 profits drop 41%
Arabian Cement have announced a fall in earnings of 40.5 per cent in 1Q16. The company earned EGP34.1m (US$3.85m) in 1Q16, compared with the EGP57.3m (US$6.47m) in the same peri...
Arabian Cement approves selling frozen stocks of shareholders, Egypt
Arabian Cement’s ordinary general assembly yesterday approved the selling of shareholders frozen shares. The OGM refused a Board of Directors restructure, and is to retain the s...
Egypt: ACC secures loan to part-finance expansion
Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing. The loan is to be repaid over a period of...
Egypt: Arabian Cement’s profit decline 32% in 9M14
Egypt's Arabian Cement made a EGP209.57m (US$29.3m) post-tax net profit for the nine months to 30 September, according to the unaudited standalone financial results. The firm po...
Saudi cement market records further volume expansion
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 rep...