Umm Al Qura Cement returns to profits
Umm Al Qura Cement Co reported a profit of SAR18.9m (US$5.04m) in the 3Q19, when compared with a loss of SAR3.93m posted in the 3Q18. Revenues of the Saudi cement producers surg...
Business Results
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Siam Cement reports 35% fall in net profit
Thailand’s Siam Cement has reported a 35 per cent fall in net profit to THB6.20bn (US$205m) for the 3Q19. However, revenue rose eight per cent YoY to THB110.33bn. Revenue from i...
Malayan Cement Bhd on course for profits in 2020
Malayan Cement Bhd is likely to turn a profit from 2020 onwards by reducing operating costs and implementing a cost rationalisation initiative which began in 1H19, according to ...
Birla Corp sees 450% rise in net profit
India's Birla Corp has seen a 450 per cent increase in net profit to INR880m (US$12.4m) in the 2QFY19-20, compared with INR160m in the corresponding period of the previous fisca...
Eastern Province Cement records 300% increase in net profit
Saudi Arabia’s Eastern Province Cement Co has reported a 300 per cent increase in net profit to SAR36m (US$9.6m) in the 3Q19, compared with SAR9m in the year-ago period. Sales a...
Vicat
Vicat's turnover for the first nine months of 2019 improved by 5.7 per cent to EUR2059m, which represents an underlying reduction of 0.7 per cent. Cement deliveries declined by ...
Vicat gets more American sales, north and south
Vicat's turnover for the first nine months of 2019 improved by 5.7 per cent to EUR2059m, which represents an underlying reduction of 0.7 per cent. Cement deliveries declined by ...
Lafarge Jordan Cement set to cut 200 jobs
Lafarge Jordan Cement has announced it would be cutting 200 jobs to remain in business after accumulating losses of JOD62.2m (US$87m) following the closure of one plant in the c...
City Cement sees 96% rise in revenues, back in profit in 3Q19
Saudi-based City Cement Co reported profits of SAR50.5m (US$13.5m) in the 3Q19 when compared with SAR2.38m loses in the same quarter of 2018, according to Mubasher. Total revenu...
RAK White Cement announces 29% net profit rise
UAE-based RAK White Cement saw its net profit increase 28.6 per cent to AED17.89m (US$4.8m) during the 9M19, compared to AED13.91m in the year-ago period. Sales advanced 5.9 per...