Southern Province 1Q profit up 18%
Saudi cement producer Southern Province Cement Co reported 17.6 per cent YoY growth in 1Q profits (after zakat and tax) to SAR120m (US$32m) in 2019. When compared with the previ...
Saudi Arabia
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Umm Al Qura Cement Q1 doubles profit in 1Q19
Saudi cement producer Umm Al Qura saw its first-quarter net profit, after tax and zakat, more than doubled to SAR21.5m (US$5.7m) in the 1Q19 from SAR10.2m in the 1Q18. The compa...
Saudi Cement Co sees 7% decline in 1Q net profit
Saudi Cement Co reported a 6.9 per cent YoY fall in its net profit in the 1Q19. After taxes and zakat, net profit reached SAR132.4m (US$35.3m), down from SAR142.2m in the 1Q18, ...
Tabuk Cement posts 3M profit
Saudi cement producer Tabuk Cement Co has returned to profit in the first quarter of 2019, posting a SAR3.63m (US$968,000) net profit. The rise has been attributed to increased ...
Arabian Cement returns to profit in 1Q19
Arabian Cement net profits reached SAR37.1m in the first quarter of 2019, compared to net losses of SAR6.1m in the year-ago period, according to a statement to the Saudi Stock E...
Al Jouf Cement to convert second line to white cement production
Saudi Arabia’s Al Jouf Cement Co has signed a non-binding memorandum of understanding with Riga Co to convert its second line to the production of white cement. The line, which ...
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 s...
Saud Suliman Al Juhani new Tabuk Cement board chairman
Saudi Arabia-based Tabuk Cement Co has appointed Saud Suliman Al Juhani as the new chairman of the board, effective 14 April 2019. He replaces Dr Saeed Obaid who stepped down fr...
HeidelbergCement makes further progress with portfolio optimisation
HeidelbergCement’s subsidiary Italcementi has signed contracts with Buzzi Unicem and Colacem regarding the disposals of cement plants in the northern and central region of Italy...
Tabuk Cement wins clinker export order to Yemen
Tabuk Cement of Saudi Arabia has won an order to export 500,000t of clinker to Golden Oil Co in Yemen. The contract will conclude by the end of 2019, according to a bourse state...