Misr Cement Group posts 136% jump in net profit
Egypt-based Misr Cement Group reported a net profit of EGP272m (US$5.38m) in 2024, up 136 per cent when compared with 2023. The increase is attributed to the company’s cost opti...
Middle East
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Qassim Cement posts 112% rise in net profit
Saudi Arabia based Qassim Cement Co posted revenues of SAR967.57m (US$258m) in 2024, up 65.8 per cent when compared with SAR583.55m in 2023. The company's net profit advanced by...
Najran Cement posts 24% hike in profits in 2024
Saudi Arabia based Najran Cement Co saw a 10.1 per cent increase in revenue to SAR534.5m in 2024 from SAR485.65m in 2023, according to the company’s financial statements. Net pr...
Sinai Cement returns to black in 2024
In 2024 Vicat -owned Sinai Cement returned a net profit of EGP3.07bn (US$60.8m) when compared with net losses of EGP-121.42m in 2023. Non-consolidated net profits reached EGP3.0...
Buzzi buys 38% of Gulf Cement Co
Buzzi SpA , through TC Mena Holdings Ltd (TC Mena), a 90 per cent owned subsidiary incorporated under the laws of Abu Dhabi Global Market, has acquired 37.6 per cent of the shar...
Holcim edges up cement sales in 4Q24 and FY24
Holcim has released its 4Q24 and full-year 2024 results. Full-year net sales in 2024 reached CHF26,407m (US$29,291m), up 1.3 per cent in local currency compared to the prior yea...
Iranian cement market contracted in 2024
Iranian domestic cement sales contracted 8.4 per cent YoY to 5.047Mt in December, down from 5.510Mt a year earlier, according to the Iranian cement association. Producers manufa...
Arabian Cement reports 15% increase in net profit in 2024
Arabian Cement Co saw a two per cent drop in revenue to SAR857.9m (US$228.8m) in 2024 from SAR875.8m in 2023. However, the company’s net profit increased by 14.7 per cent YoY to...
Raysut Cement establishes RDF collaboration partners
Raysut Cement Group of Oman, in collaboration with the Oman Environmental Services Holding Co SAOC - be'ah and MVW Lechtenberg & Partner, has collaborated to produce refuse-deri...
Northern Cement Co reports 41% drop in net income in 2024
Jordan-based Northern Cement Co reported a revenue of JOD48.9m (US$68.97m) in 2024, down 16 per cent when compared with JOD58.21m in 2023. The company’s net income fell by 40.6 ...