Saudi Arabia: cement sales down 7%
A recent report from Al Rajhi Capital Research stated that total cement sales in Saudi Arabia fell 6.8 per cent YoY to 47Mt in the first 10 months of 2016, from 50.2Mt in the sa...
Saudi Arabia
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Saudi Arabia: Eastern Province and Tabuk Cement see fall in 3Q16 profits
Eastern Province Cement Co and Tabuk Cement are the latest Saudi cement producers to post a fall in third-quarter profits amid lower sales and higher production costs.
Saudi Arabia: Northern Cement sees 43% profit fall in 3Q16
Northern Region Cement Co reported a 42.83 per cent decline in net profits to SAR30.09m (US$8m) in 3Q16 from SAR52.64m a year earlier. Profits also decreased 38.16 per cent QoQ,...
Saudi Arabia: Yanbu, All Jouf and Saudi Cement see fall in 3Q16 profits
More Saudi cement producers have reported a fall in profits for the third quarter of 2016. The decline in profits were attributed to lower sales and a drop in average selling pr...
Saudi Arabia: Yamama sees 41% net profit decrease
Yamama Cement Co reported a 41 per cent YoY fall in net profits to SAR56.3m (US$15m) in the 3Q16 from SAR95.53m (US$25.47m).
Saudi Arabia: Southern Province 3Q16 profit drops 14%
Southern Province Cement posted a 14.4 per cent YoY decrease in profits from SAR202m (US$53.9m) in 3Q15 to SAR173m in 3Q16. Lower demand and higher depreciation were cited as th...
Saudi Arabia: low demand sees Najran Cement 3Q16 profits halved
Lower sales volumes due to a slowdown in construction activity have seen the net profit of Saudi Arabian-based Najran Cement halve YoY from SAR32.07m (US$8.55m) in 3Q15 to SAR15...
Saudi Arabia: Aumund and Sweidan open new spare parts unit
A UMUND Fördertechnik GmbH, Germany, and S WEIDAN Industrial Services, Riyadh, Saudi Arabia, have opened a new spare parts stock unit at the Riyadh warehouse to be at full dispo...
Saudi Arabia: Qassim Cement reports lower-than-expected 3Q16 profits
Saudi Arabia’s Qassim Cement reported a profit of SAR70.4m (US$18.8m) in 3Q16 and an operating profit of S AR78.3m. The results were lower than expected, according to Al Rahji C...
Saudi Arabia: sales drop 10%
According to a report quoting Yamama Cement data, total cement sales in Saudi Arabia stood at 4.34Mt for the month of August, registering a 10.3 per cent decrease YoY. However, ...