Saudi Arabia under pressure, seeks to boost export
This week, CemNet reported that Yamama Cement has seen a sharp 34 per cent fall in 3Q18 revenues , compared to the same period last year. Meanwhile, profitability declined, fall...
Saudi Arabia
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Yamama Cement posts 3Q18 loss
Yamama Cement Co reported a drop in revenues in the first nine months of the year to SAR107.7m (US$28.7m) from SAR164.2m in 3Q17. The fall in sales was attributed to the steep p...
Saudi cement sales drop 26% in August
Saudi-based cement companies reported a decrease in sales of around 26 per cent in August to 2.76Mt from 3.7Mt in August 2017, according to data from Al Yamama Cement. The produ...
Arabian Cement makes 2Q18 net loss of SAR50.9m
Arabian Cement Company (ACC) registered a net loss of SAR50.9m (US$13.5m) in the 2Q18 mainly due to reduced performance at its Qatrana Cement factory in Jordan. The company's ne...
Tabuk Cement turns to losses in 2Q18
Saudi Arabia’s Tabuk Cement Co has reported net losses of SAR36.08m (US$9.6m) in the 2Q18, against profits of SAR1.29m in the equivalent period of the previous year.
Umm Al Qura Cement records 98% profit decline
Saudi Arabia-based Umm Al Qura Cement Co (UACC) has seen its profit drop 97.6 per cent YoY in the second quarter of 2018, falling to SAR199,600 (US$53,226) from SAR8.4m. The sig...
Eastern Cement records 46% fall in 2Q18 profit
Saudi Arabia’s Eastern Province Cement Co has recorded a 45.7 per cent YoY decline in net profit for the 2Q18, falling to SAR19m (US$5.06m) from SAR35m. Sales dropped 4.4 per ce...
Arabian Cement posts net loss in 2Q18
Saudi cement manufacturer Arabian Cement has recorded a SAR50.9m (US$13.57m) net loss in the second quarter of 2018, compared with a SAR35.5m profit seen in the year-ago period....
Qassim Cement Q218 sees 65% profit fall
Saudi cement producer Qassim Cement reported a 65.4 per cent fall in net profit to SAR18.4m in the second quarter of 2018, when compared with a net profit of SAR53.2m in 2Q17. S...
Najran Cement losses surge to 651% in 2Q18
Saudi Arabia’s Najran Cement’s losses reached SAR-31.73m (US$-8.46m) in the second quarter of 2018, representing an increase of SAR4.2m when compared with the 2Q17, according to...