Tabuk full-year net earnings decline, Saudi Arabia
Tabuk Cement' FY13 net earnings decreased 5.86 per cent in 2013 to SAR173.4m (US$46m) from SAR184.2m the year before. The Saudi-based producer said net earnings in the fourt...
Saudi Arabia
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Southern Province posts flat full-year profit
Southern Province Cement posted a SAR1.006bn (US$268m) net profit in 2013, almost flat from SAR1bn the year before. Earnings per share stood at SAR1.013. Operating profit fo...
Yamama Cement net profit rises 6.4% YoY
Yamama Cement Co of Saudi Arabia said yesterday its net profit for 2013 rose by 6.4 per cent to SAR870m (US$232m), up from SAR818m a year ago. The increase was attributed to a...
Saudi Cement 4Q13 profit down 8% YoY
Saudi Cement reported an eight per cent fall in fourth-quarter profit on Tuesday, attributed to lower sales and rising raw material costs. In the three months to the end of ...
Full-year Saudi cement sales rise 4%
Cement sales in Saudi Arabia increased by four per cent in 2013 to 55.6Mt compared to 53.5Mt in 2012, a report released by local producer Yamama Cement Co has revealed. Howe...
Najran Cement launches trial operations of WHR plant, Saudi Arabia
Najran Cement on Saturday launched on Saturday trial operations of the first phase of its waste heat recovery (WHR). The trial will take 10 days to complete and the commercial ...
Yamama posts preliminary 4Q13, full-year results, Saudi Arabia
Yamama Cement posted its preliminary 4Q and FY13 results, with net profit up 2.3 per cent to SAR870m. The results were one per cent below estimates by NBK Capital but in line...
Yanbu Cement full-year net profit rises 14.3%
Yanbu Cement Co’s net profit rose 14.3 per cent YoY to SAR832m (US$219.4m) in 2013, the company announced in a bourse filing. Operating profit increased to SAR847m from SAR75...
Saudi slowdown set to continue
The current slowdown being seen in the Saudi Arabian cement market due to labour shortages is set to continue in the short-term, NCB Capital has cautioned. Saudi cement sales ...
Sharp slowdown in Saudi demand
Cement demand in Saudi Arabia has considerably slowed through 2013, effectively boosting clinker stocks to a record high level. After recording a high growth rate of some 10 pe...