Tabuk Cement sees sales down 18% YoY
Saudi Arabia’s Tabuk Cement has seen a 94 per cent YoY decline in net profit to SAR0.54m (US$144,000) in the June quarter of 2020, against SAR8.98m in the year-ago period. Sales...
Saudi Arabia
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Southern Province Cement reports 48% surge in net profit
Saudi Arabia’s Southern Province Cement Co reported a 48.4 per cent surge in net profit to SAR135m (US$36m) in the 2Q20, against SAR91m in the second quarter of 2019. Sales also...
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 also ...
City Cement reports 12% increase in net profit
Saudi Arabia’s City Cement saw a 12.2 per cent rise in net profit to SAR36.2m (US$9.65m) in the second quarter of 2020, compared with SAR32.25m in the corresponding period of la...
Yamama Cement Co reports 2% slip in 2Q revenues
Yamama Cement Co reported a 2.2 per cent slip in 2Q revenues to SAR161.7m (US$43.1m) in the 2Q20 when compared with SAR165.3m in the 2Q19. The company’s net profits declined 10 ...
Najran Cement posts 1H results
Saudi Arabia-based Najran Cement reported sales of SAR121.5m (US$32.4m) in the second quarter of 2020. The company’s gross profit reached SAR50.3m while its operational profit s...
Arabian Cement sees 80% fall in 2Q net profit
Arabian Cement Co reported a net profit of SAR7.6 (US$2) m in the 2Q20, down 79.6 per cent YoY. In the 2Q19 net profit reached SAR37.3m. Revenue declined by 15.2 per cent YoY to...
MENA outlook: Egypt and Saudi Arabia market prospects
This week, Cemtech hosted its latest live webinar which considered global market trends and provided an update on the dynamic Egyptian and Saudi Arabian markets in particular. E...
Yanbu Cement appoints new chairman
Yanbu Cement Co has appointed Fahd Bin Soliman Al Rajhi as chairman of the board, reports Reuters. Mr Al Rajhi served since 2017 as deputy chairman of the Saudi-based cement pro...
Southern Province Cement names new CEO
Saudi Arabia’s Southern Province Cement has named Aqeel Futis Kadasa as its new CEO, effective from 12 July 2020. The appointment follows the resignation of Safar Mohammad Dhufa...