Middle East

753 posts · Page 68 of 76

Raysut Cement posts loss in 1Q20

Oman’s Raysut Cement has posted an OMR4m (US$10.4m) loss after tax in the first quarter of 2020, compared to an OMR242,951 profit in the corresponding period of last year, acco...

Qena Cement's 1Q20 cement sales surge to EGP47m

Qena Cement reports net profits surged to EGP47m (US$2.9m) in the 1Q20, compared to EGP12m for the same period of the preceding year. Standalone net sales revenues grew by 5.5 ...

Sharjah Cement reports net loss in 1Q20

UAE-based Sharjah Cement has reported a net loss of AED9.3m (US$2.5m) in the first quarter of 2020, compared to an AED802,000 net profit in the corresponding period of last yea...

Ras Al Khaimah slips into the red in 1Q

In its unaudited first-quarter results, Ras Al Khaimah Cement Co reported a 26 per cent drop in sales to AED36.838m (US$10.031m) in the first quarter of 2020 ended 31 March whe...

Al Jouf Cement sees 4% rise in revenue for 1Q20

Saudi Arabia’s Al Jouf Cement has seen a 3.5 per cent YoY increase in revenue to SAR58.8m (US$15.68m) in the first quarter of 2020, compared to SAR56.85m in the year-ago period...

Tabuk Cement sees rising profit in 1Q

Saudi-based Tabuk Cement posted a rise in net profit after zakat and tax to SAR28.91m (US$7.7m) in the 1Q20, from SAR3.63m a year ago. Sales in the 1Q20 advanced by 42.9 per ...

Southern Province Cement 1Q profit up

Saudi cement producer Southern Province Cement Co reported a net profit after zakat and tax of SAR183m (US$48.8m) for the first quarter of 2020, up 52.5 per cent from SAR120m i...

Egyptian cement demand falls almost 10% in April

The Egyptian cement industry's sales volumes for April, excluding exports, dropped 9.7 per cent MoM and 13.4 per cent YoY. Moreover, local sales witnessed almost the same level...