Saudi: Qassim’s 2Q14 net profit slips, sales down 10%
Qassim Cement posted a 1.5 per cent decline in net profit for the second quarter of 2014 to SAR161.1m (US$43m). Sales volumes dropped 10 per cent YoY during the three months ...
Saudi Arabia
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Saudi Cement posts second-quarter net profit drop
Saudi Cement posted a 6.2 per cent drop in second-quarter net profit on Monday as declining sales impact revenue. The kingdom’s largest listed cement producer by market value ...
Yamama Cement sees June deliveries decline
Yamama Cement's June domestic deliveries reached 484,000t, a 5.5 per cent decline MoM and a 17.7 per cent YoY fall, according to NBK Capital. However, this figure was in line w...
Najran launches waste heat recovery operations
Saudi-based producer Najran Cement said launched operations of its waste heat recovery project yesterday. The company successfully completed the performance guarantee tests st...
Saudi on course for full demand recovery in 4Q14
Saudi cement sector is currently showing signs of recovery, with demand beginning to return to its normal levels, a new report by NCB Capital reveals. Mohamed Tomalieh, equit...
Wartsila to supply Umm Al-Qura Cement Co power plant, Saudi Arabia
Wartsila has received an order to supply a turnkey power plant from Saudi-based Umm Al-Qura Cement Co. The contract for the 47MW facility will be located in the mountain desert...
Saudi Cement recommends dividend
Saudi Cement Co’s board of directors has recommended paying a dividend of SAR3.5 per share for first six months of 2014, the firm said in a bourse filing on Sunday. Sharehold...
Al Jouf completes supply agreement
Saudi-Arabia based Al Jouf Cement said in a bourse statement today that it has completed supplying clinker and cement according to the contracts signed with Al-Rajhi Factory in...
Loesche receives Saudi Arabian roller mill order
United Cement Industrial Company (UCIC) has selected a Loesche LM 56.4 raw mill for its cement plant in Al-Sadiya, 150km south of Jeddah, Saudi Arabia. Tianjin Cement Industry...
Al Jouf first-quarter earnings drop, Saudi Arabia
Al Jouf Cement posted a drop in earnings of about 40 per cent YoY to SAR15m (US$4m), missing Al-Rajhi Capital’s estimates of SAR 17.8m but exceeding consensus estimate of SAR13...