Cement News tagged under: Middle East
Kuwait Portland Cement 9M14 net profit up 32% YoY11 November 2014, Published under Cement NewsKuwait Portland Cement’s net profit increased by 32 per cent in the first nine months of the year to KWD8.64m (US$29.7m) from KWD6.57m a year earlier, the cement trader said in a bourse statement yesterday. Earnings per share (EPS) increased to 95.1 fils from 72.3 fils. Without disclosing exact figures, the company attributed the increase to higher sales, coupled with a rise in revenue from investments. Kuwait Portland Cement said total assets rose to KWD85.1m at end-September 2014 ... |
Hilal Cement Co net loss widens, Kuwait05 November 2014, Published under Cement NewsKuwait-based cement producer Hilal Cement Co widened its third-quarter net loss to KWD204,435 (US$704,706) from KWD17,250 during the same period of the year before. The loss was mainly attributed to higher sale and administrative costs and lower sales revenue and other income. The operating loss totalled KWD 233,790, compared to a year-earlier profit of KWD 12,777. Total operating revenue climbed almost six per cent YoY to KWD4.6m. Net loss for the first three quarters of the year came ... |
Yanbu Cement 3Q profit up 16.4%, Saudi Arabia15 October 2014, Published under Cement NewsSaudi-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. The company said the third quarter annual increase was was due to the lower cost of sales due on the back of a boost in production and receipt of a clinker import subsidy. The company attributed the QoQ decline to lower sales due to the Ramadan and Eid al-Fitr holiday. Earnings for the first nine months of the year declined by 7.87 pe... |
Iran to increase cement exports to Iraq15 September 2014, Published under Cement NewsIraq has agreed to increase the volume of cement exports from Iran, a senior trade official has said. "As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals," Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency, as quoted by Zawya news. He noted that the new regulations have been adopted by Iraq's Trade Ministry. Last week it was reported tha... |
Iran exports exceed 8Mt in first five months09 September 2014, Published under Cement NewsIran exported over 8Mt of cement in the first five months of the Iranian calendar year, according to the country's cement industry body. Abdolreza Sheikhan, secretary of Iran's Cement Industry Employers Association said 981,605t of cement were exported in the fifth calendar month (July 23-August 22), Iran's IRIB reported on Sunday. The country has also successfully started to use railroads to export cement to neighbouring and Central Asian countries. |
Iran’s output surpasses 29Mt in first five months04 September 2014, Published under Cement NewsIran’s cement output totalled 29.504Mt in the first five months of the current Iranian calendar year beginning 21 March 2014, the country’s Mehr News Agency reported. During the period, clinker production reached 32.378Mt. Of the total, some 23.351Mt was supplied to the domestic market. In the fifth calendar month alone (23 July – 22 August), cement and clinker production totalled 5.608Mt and 6.6Mt, respectively. In the previous Iranian calendar year, the country produced 69.68Mt, expo... |
Iran’s output climbs to 23.8Mt13 August 2014, Published under Cement NewsIran produced 23.8Mt of cement during the first four months of the current Iranian fiscal year, which started on March 21. The figure is 31 per cent higher (5.7Mt) than the comparative period of last year, Iran's IRNA news agency reported. During the last fiscal, Iran’s output amounted to 69.46Mt, a 0.9 per cent YoY decline. |
Oman: Raysut Cement first-half net profit ahead12 August 2014, Published under Cement NewsOman’s Raysut Cement reported a 5.9 per cent rise in net profit in the six months to the end of June 2014 while cement volumes held firm despite heightened competition. The company reported a net profit of OMR15.58m in the first-half of 2014, an increase of 5.9 per cent from the corresponding period last year. Group revenue inched down to OMR49.49m from OMR49.52m. Company chairman Sheikh Ahmed al Ibrahim said the group was able to maintain cement sales volumes at 2013 levels in spite o... |
Suez Cement 1H earnings rise on cost control efforts23 July 2014, Published under Cement NewsSuez Cement Group of Companies (SCGC) posted an increase in revenues and earnings for the first half of 2014 which it attributed in part to cost control measures. While the outlook for cement demand is more encouraging, energy shortages remain a key concern for the Italcementi group company. SCGC, which operates a network of five production facilities across Egypt, reported a 23 per cent increase in consolidated revenues in the six months to the end of June 2014. Recurring EBITDA was six p... |
Qatar demand slows during Ramadan22 July 2014, Published under Cement NewsCement demand in Qatar has dropped by 40 per cent during Ramadan, prompting the country’s largest cement producer to undertake maintenance work during the slowdown. Speaking to The Peninsula, Mohamed Al Sulaiti, general manager of Qatar National Cement Company (QNCC), said the company is taking the opportunity to conduct equipment maintenance to enable it to better serve the market during the busy season starting from mid-August. QNCC in June contracted Fives FCB (France) to construct a... |