Saudi Arabian cement companies see combined profits rise 39%
The combined profits of 14 Tadawul-listed Saudi cement companies grew by 39.3 per cent YoY to SAR840.87m during the 3Q20, compared with SAR603.54m in the same period of 2019, a...
Qassim Cement
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Qassim Cement sees 21% rise in net profit
Saudi Arabia’s Qassim Cement saw a net profit of SAR85.5m (US$22.8m) in the second quarter of 2020, up 21.3 per cent YoY compared to SAR70.5m in the year-ago period. Sales al...
Saudi Arabia records 10% demand increase in 5M20
Saudi Arabia’s cement sector has reportedly seen a 10 per cent YoY demand growth in the first five months of 2020, according to Al Rajhi Capital. Qassim Cement and Yanbu Cem...
Saudi cement sector reports positive 1Q20
Despite the ongoing coronavirus pandemic, the Saudi cement sector has reportedly seen a 33 per cent YoY average increase in cement market volumes during the 1Q20, according to ...
Qassim Cement sees profits surge in 3Q19
Saudi Arabia’s Qassim cement has seen its net profits after zakat and tax advance to SAR90.16m (US$24m) in the third quarter of 2019, from SAR5.68m in the 3Q18. The increase in...
Qassim Cement sees 2Q profit rise
Saudi cement producer Qassim Cement reported a net profit after zakat and tax of SAR70.5m (US$18.8m), a 383 per cent increase YoY, when net profit reached SAR18.4m, according t...
Qassim Cement announces 2% drop in 1Q19 net profit
Saudi Arabia’s Qassim Cement has announced that its net profit for the 1Q19 has fallen 2.1 per cent YoY to SAR56m (US$14.93m) from SAR57.2m. The company also reported that its...
Qassim Cement to export 120,000t of cement to Kuwait
Saudi Arabia’s Qassim Cement Co has signed an agreement with Kuwait-based Al-Arada Building Materials Co to export 120,000t of cement. While no value for the deal has been re...
Qassim Cement reports 89% fall in net profit
Saudi Arabia's Qassim Cement has seen an 88.9 per cent YoY fall in its net profit during the third quarter of 2018, decreasing to SAR5.68m (US$1.514m) from SAR51.24m. The profi...
Qassim Cement Q218 sees 65% profit fall
Saudi cement producer Qassim Cement reported a 65.4 per cent fall in net profit to SAR18.4m in the second quarter of 2018, when compared with a net profit of SAR53.2m in 2Q17. ...