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Saudi producers' 2Q net profit drops

Saudi producers' 2Q net profit drops

Saudi Cement reportedly dropped an 11.8 per cent in net profit for 2Q15 to SAR254m, from SAR288m in 2Q14. It attributed the fall in net profit to lower local sales without elabo...

Raysut Cement reports 30% drop in 1H profit

Raysut Cement reports 30% drop in 1H profit

Raysut Cement reported a net profit of OMR10.97m (US$28.5m) for the first six months ended 30 June when it was OMR15.59m in the same period last year, a decline of 29.7 per cent...

Hail Cement 2Q15 net earnings down 28%

Hail Cement 2Q15 net earnings down 28%

Saudi-based Hail Cement reported net earnings of SAR28.6m during the second quarter of 2015, down 38 per cent compared with SAR46m in the comparative period of last year. Net ea...

OCC first-half net profit down

OCC first-half net profit down

Oman Cement Co (OCC) net profit declined by just over 40 per cent in the first half of this year to OMR5.44m (US$14.1m) from OMR9.09m in 1H14, the company said in its filing of ...

Semen Baturaja sales up by a quarter

Semen Baturaja sales up by a quarter

Indonesia's state-owned cement producer PT Semen Baturaja Tbk has posted sales of over 600,000t so far this year, up 25 per cent from the same period last year, Reuters reported...

Yanbu 2Q earnings rise to SAR246m

Yanbu 2Q earnings rise to SAR246m

Saudi producer Yanbu Cement Co (YCC) posted SAR246m (US$66m) in net earnings for the second quarter of 2015, rising 2.07 per cent compared with SAR241m in the same period a year...

South Africa: Sephaku revenue up 36%

South Africa: Sephaku revenue up 36%

Dangote-backed Sephaku Cement said on Friday that its revenue for the year ended March rose by 36 per cent as EBITDA increased by 39 per cent to ZAR139m (US$10.2m). Operating pr...