Najran Cement Co reports positive 1Q20 results
Saudi Arabia’s Najran Cement Co has reported a 557.4 per cent surge in net profit to SAR40.1m (US$10.69m) in the first quarter of 2020, compared to SAR6.1m in the 1Q19. Sales ad...
Saudi Arabia
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Yanbu Cement to reduce heat and power consumption
Saudi-based Yanbu Cement Co(YCC) has signed an agreement in early 2020 for a considerable efficiency upgrade to be carried out by FLSmidth, focussing on reducing heat and power ...
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 a...
Al Jouf Cement returns to profit
Saudi-based Al Jouf Cement has reported a net profit after zakat and tax of SAR5.3m (US$1.41m) in 2019 when compared with a loss of SAR39.5m in 2018. The company saw sales rise ...
China: outward bound Premium
China’s Belt and Road Initiative (BRI) is now an integral part of the country’s overseas expansion policy. Since its inception in 2013, the BRI has been one of the essential veh...
Eastern Province sees profit surge in 2019
Saudi cement producer Eastern Province Cement Co (EPCC) has posted a 158.7 per cent jump in profits to SAR181m (US$48.3m) in 2019, up from SAR70m in 2018. Revenues increased 28....
City Cement reports 61% rise in profit
Saudi Arabia’s City Cement has reported a 61 per cent YoY increase in net profit to SAR180.9m (US$48.2m) in 2019, rising from SAR112.3m in the previous year. The company’s total...
Southern Province Cement Co sees net profit surge 137%
Saudi Arabia’s Southern Province Cement Co has seen its net profit for 2019 surge 137.4 per cent YoY to SAR463m (US$123.47m) from SAR195m. The considerable advance has been attr...
Yanbu Cement reports 183% rise in net profit for 2019
Saudi Arabia’s Yanbu Cement has reported a 182.7 per cent increase in net profit to SAR257.8m (US$68.75m) for 2019, compared to SAR91.2m in the previous year. The company’s reve...
Saudi Cement Co records 13% increase in net profit
Saudi Cement Co has seen a 12.7 per cent YoY increase in net profit to SAR451.4m (US$120.37m) for the full-year 2019 period, compared with SAR400.5m in the previous year. Total ...