Cement News tagged under: Hail Cement
Hail Cement 2Q15 net earnings down 28%14 July 2015, Published under Cement NewsSaudi-based Hail Cement reported net earnings of SAR28.6m during the second quarter of 2015, down 38 per cent compared with SAR46m in the comparative period of last year. Net earnings for the first half of 2015 also slipped 18.44 per cent YoY from SAR81m to SAR66m. The profit decline was attributed by the company to an increase in direct costs due to a decrease in production volume and an increase in maintenance costs because of shutdown. |
Hail Cement signs loan agreement, Saudi Arabia14 December 2012, Published under Cement NewsSaudi Arabian cement company Hail Cement announced that it has signed a loan agreement with the Saudi Industrial Development Fund on 12 December 2012. The loan amount is SAR300m (US$80m) repayable in 20 half-yearly unequal installments as scheduled and approved against mortgage of all fixed assets. The period of the loan is 12 years, with payment starting 2015. The company is using the loan to fund the development of a new cement factory in the city of Hail, according to a statement ma... |
Hail Cement widens loss, Saudi Arabia18 July 2012, Published under Cement NewsSaudi Arabia-based cement company Hail Cement has increased its losses in the second quarter of 2012 to US$2.29m, up by 36 per cent from the US$1.68m it lost in the first quarter. The loss is attributed to the pre-operating stage it is currently undergoing with operations due to begin in the first quarter of 2013. For the first six months of this year, the company’s net loss was US$3.97m. (Source: Middle East North Africa Financial Network). |
Hail Cement secures license to exploit raw materials, Saudi Arabia30 May 2012, Published under Cement NewsSaudi Arabia's Hail Cement Co said Tuesday it has secured a license from the Ministry of Petroleum and Mineral Resources to exploit raw limestone and clay in the Green Well area. |