Lucky Cement starts commercial operations at Samawah plant
Lucky Cement Ltd has announced the commencement of commercial operations of its Samawah plant in Iraq. The company in a notification to the Pakistan Stock Exchange (PSX) ...
Middle East
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Cementir sees strong regional sales in Turkey
Cementir Holding’s consolidated results for 2020 saw a surge in Turkish local cement demand and exports. This saw an increase in revenues of 53 per cent in local currency and a...
Tabuk Cement sees profits rise 113% in 2020
Saudi Arabia’s Tabuk Cement has seen its net profit surge 113.2 per cent to SAR51.58m (US$13.75m) in 2020, compared with SAR24.19m in the previous year. The increase in prof...
Southern Cement records sales of SAR1653m in 2020
Southern Cement reported sales in 2020 of SAR1653m (US$440.8m), up 27 per cent YoY due to an increase in sales volume which increased by 24 per cent YoY, while net income for t...
Stock depletion temporarily stops Cimenterie Nationale deliveries
Lebanon-based Cimenterie Nationale has announced it will stop deliveries temporarily on 6 March due to the depletion of its stock. According to L’Orient-Le Jour, the cement p...
Southern Province Cement reports 32% profit increase
Saudi Arabia’s Southern Province Cement has reported a 31.5 per cent rise in net profit after zakat and tax to SAR609m (US$162.4m) in 2020, compared with SAR463m in the previou...
City Cement announces 16% increase in net profit
Saudi Arabia’s City Cement has seen a 16 per cent YoY increase in net profit to SAR220.5m (US$58.8m) in 2020, compared with SAR190.1m a year earlier. The company’s revenue also...
Raysut Cement reports 8% rise in total revenue
Oman's Raysut Cement Group has reported an OMR14.06m (US$36.57m) net loss for the full-year 2020 period, against an OMR2.26m profit in the previous year. The results were attr...
LafargeHolcim 4Q20 regional results see net sales of CHF5994m
Group net sales for the 4Q20 totalled CHF5994m (US$6628m), down 8.1 per cent from CHF6521m in the 4Q19. In the 4Q20 LafargeHolcim recorded cement sales of 51.2Mt, slipping ...
Najran Cement announces net profits of SAR204m in 2020
Najran Cement announced its annual financial results on the Saudi Stock Exchange with a 281.8 per cent increase in its net profit to SAR204.3m (US$54m) in 2020, compared to SA...