Northern Region Cement reports 9% drop in 1H net profit
Northern Region Cement Co posted net profits after zakat and tax of SAR48.09m (US$12.8m) in the first half of 2022, down 9.1 per cent from SAR52.9m in the 1H21. Revenues de...
Middle East
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Carbon Clean makes new sales appointments
Carbon Clean has boosted its global sales team with appointments that cover Asia, Europe and the Middle East. Lim Beng Chong joins as sales director Asia-Pacific, based ...
Najran Cement sees drop in quarterly profit
Najran Cement Co of Saudi Arabia reported a net profit after zakat and tax of SAR13.3m (US$3.5m) in the second quarter of 2022, down 59.3 per cent when compared with SAR32.7m...
Northern Cement sees 21% increase in 2Q profit
Jordan-based Northern Cement Co reported a 21.4 per cent rise in profit to JOD1.7m (US$2.39m) in the 2Q222 from JOD1.4m in the 2Q21. Sales in the 2Q22 were down 3.3 per cen...
Al Jouf Cement appoints new chairman
Saudi Arabia-based Al Jouf Cement has appointed Abdullah Bin Odeh Al-Ghabeen Al-Enezi as chairman. Mr Bin Odeh Al-Ghabeen Al-Enezi succeeds Eng Mohammed Bin Saeed Al-Attiy...
Yanbu Cement 2Q profits down 25% in 1H22
Saudi Arabian cement producer Yanbu Cement Co reported a 24.5 per cent fall in its net profits after zakat and tax to SAR86.97m (US$23.2m) when compared with the 1H21, when t...
Yamama sees 9% dip in 1H profits
Yamama Cement Co of Saudi Arabia saw its net profit after zakat and tax decline by 9.2 per cent YoY to SAR120.1m (US$32m) in the 1H22 from SAR 132.55m in the 1H21. Sales ex...
Iranian cement market remains stable
Cement demand in Iran reached 5.8Mt in June 2022, edging up slightly when compared with 5.78Mt of cement sold in June 2021. Iranian cement plants produced 6.6Mt of clinker an...
Iranian cement sales decline in May
The Iranian cement market contracted 11.6 per cent YoY to 5.11Mt in May 2022 from 5.78Mt in May 2021, according to the Iranian cement association. In addition to domestic del...
Misr Cement (Qena) approves operations and maintenance programme
The board of directors of Misr Cement (Qena) have approved the operations and maintenance of the company’s factory, according to a filing to the Egyptian Exchange (EGX). ...