Southern Cement 3Q net profit up 53% YoY, beats esitmates
Southern Cement posted a third-quarter net income of SAR285m (US$76m), rising 53 per cent YoY.
Saudi Arabia
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Saudi Cement 3Q14 profits better than expected
Saudi Cement posted better than expected 3Q14 financial results, beating consensus estimates, according to Al-Rajhi Capital. The cement producer’s net profit grew marginally to ...
Saudi Cement posts stable 3Q profit
Saudi Cement reported a modest rise in 3Q net profit from SAR229m (US$61m) to SAR232m in the year-ago period, according to a bourse filing. The company attributed the rise to im...
Saudi Arabia: strong annual 3Q gains for Yanbu despite weak start
Yanbu Cement reported a 16.4 per cent rise in third-quarter net profit to SAR163m (US$43.4m), driven by lower cost of sales due to increased production and the government's subs...
Yanbu Cement 3Q profit up 16.4%, Saudi Arabia
Saudi-based Yanbu Cement net earnings grew by 16.43 per cent YoY in the third quarter of 2014 to SAR163m, but declined by 32.37 per cent compared to 2Q14.
Saudi Arabia: Al Jouf Cement extends second clinker line trial
Al Jouf Cement has extended the experimental operation of its second clinker line until the end of the 4Q14 in an attempt to reach full production capacity. The new line will no...
Saudi Arabia: weak demand keeps Hofuf kilns closed
Saudi Cement Co said it would not restart the two refurbished kilns at its Hofuf plants as the company currently has a high inventory level and market demand remains weak.
Saudi Arabia: Southern Cement's third line is 70% completed
Southern Province Cement Co has completed 70 per cent of the third line of its Tihama plant, according to the Tadawul website. Project delays have been caused by the difficultie...
Saudi August dispatches rise 29.8% YoY
Saudi cement dispatches for August 2014 climbed to 3.96Mt, an increase of 29.8 per cent YoY and 47.8 per cent MoM, AlJazira Capital has stated in a report citing the data issued...
Saudi imports 3.1Mt in past nine months
Saudi Arabia imported some 3.1Mt of cement in the past nine months valued at SAR750m, according to a financial report quoting data released by Customs Department. The rise is at...