Arabian Cement Co saw its net profit for the nine month period decline by 8.3% to $81.3m, and profits for the three-month period fell by 17% to $23.2m. The firm s lower profits have run against the trend of third quarter results posted by ...
Tags: market view, cement
Saudi Cement Co has reported a 7.3% jump in its third-quarter net profit, thanks to higher local demand, meeting analyst expectations, Reuters has reported. The cement maker posted a net profit of SR210m ($56m) in the three months to ...
Tags: market view, cement
Saudi cement producer, Yamama Cement Co has reported a 22% year-on-year increase in its net profit to SR487m ($129.8m) for the first half of 2012, compared with last year s reported SR400m. Yamama attributed the rise in sales to a boost in ...
Tags: market view, cement
Saudi cement producer Yamama Cement Company reported a 22 per cent YoY rise in its net profit to SAR487m (US$129.8m) for the first half of 2012, up from SAR400m a year ago. The increase was attributed to a rise in sales as a result of ...
Tags: market view, cement
The Southern Province Cement Company has signed a $26m contract with a Finnish power firm that will allow it to expand its plant in Jazan. Southern Province s chairman, HH prince Abdullah bin Mosa ad bin Abdulrahman Al- Saud, signed the ...
Tags: market view, cement
The Saudi commerce and industry minister, Tawfiq Al-Rabea has set the factory price of a cement bag at SR12 and the retail price at SR14, and the price of bulk cement at SR240 a tonne, Saudi Gazette has reported. Cement production in the ...
Tags: market view, cement, price
Cement production in Saudi Arabia, the Arab world s largest economy, expanded an annual 13 percent in February. Output from 13 companies rose to 4.4 million tons last month, according to industry data posted on the website of Yamamah Saudi ...
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Some Saudi cement makers have taken advantage of the grace period that preceded the start of the ban on cement export to export large quantities of the binding substance, Arab News has reported. Following the ban, Al-Jouf Cement Co said it ...
Tags: market view, cement, price
Saudi Cement Company rose to the highest in more than three years after the producer of the building material said cement companies are in talks to sell as much as 600, 000 tonnes of extra clinker supplies. The shares advanced 1.8 per cent ...
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Saudi cement manufacturer Yamama has unveiled plans to increase its capital by 50% through a bonus share issue, Reuters has reported. The firm will increase its capital to SR2.025bn ($540m) from SR1.35bn, Yamama said. "Such increase will be ...
Tags: market view, cement
NCB Capital, Saudi Arabia’s largest asset manager, expects the Saudi cement sector to continue witnessing strong demand in 2012, led mainly by government projects. The new NCB Capital report analysing the Saudi cement sector noted ...
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Yamamah Saudi Cement Company said nine-month and third-quarter net profits are expected to increase by 10% and 6% respectively, as continued strong demand in its home province spurs further growth. The Riyadh-based manufacturer, one of ...
Tags: cement