Cement News tagged under: Qatar National Cement
Qatar National Cement reports dip in sales in 1Q2424 April 2024, Published under Cement NewsQatar National Cement Co has reported sales of QAR106.06m (US$29.14m) in the first quarter of 2024, ended 31 March. This compares to QAR127.95m in the same period a year earlier. Net income came in at QAR51.37m, down from the QAR64.1m seen in the opening quarter of 2023. Basic earnings per share from continuing operations stood at QAR0.08 in the 1Q24, compared to QAR0.10 in the year-ago period, reports Market Screener. |
Qatar National Cement signs digital and Uzbekistan MoUs30 May 2023, Published under Cement NewsQatar National Cement Co (QNCC) has made a strategic decision to partner SAP and Google Cloud to fuel its digital transformation and ensure future-proof operations. Eng Essa Mohammed Ali A M Kaldari, QNCC CEO, emphasised the significance of this transformation: "Our aim is to modernise and streamline our systems, increase efficiencies, and enhance the services we deliver to our customers and employees. After implementation, our operations will be more agile and scalable, ena... |
Qatar National Cement Co appoints new CEO25 January 2022, Published under Cement NewsQatar National Cement Co has announced the appointment of Engr Essa Mohammed Ali Kaldari as its chief executive officer with effect from 1 February 2022. |
Qatar National Cement sees 38% rise in sales09 April 2021, Published under Cement NewsQatar National Cement has reported a 38.4 per cent YoY rise in sales to QAR229.85m (US$63.14m) for the first quarter of 2021, compared to QAR166.1m in the year-ago period. Net profit for the quarter also advanced 29.3 per cent YoY to QAR70.42m from QAR54.44m in the 1Q20. |
Qatar National Cement reports 32% fall in profit23 July 2020, Published under Cement NewsQatar National Cement has reported a 31.8 per cent YoY decline in net profit to QAR68.3m (US$18.76m) for the first half of 2020, compared to QAR100.1m in the year-ago period. The company also saw revenue fall 23 per cent YoY to QAR290.6m from QAR377.3m. |
Qatar National Cement to shut two plants this week01 April 2020, Published under Cement NewsQatar National Cement has announced that it will shut down two plants from 1 April to slow the spread of coronavirus and as an impact of lower demand in the local market. Therefore, the company’s board will close factories four and five until further notice, according to a statement. |
Qatar National Cement sees profit decline 51%28 January 2020, Published under Cement NewsQatar National Cement has recorded a 50.5 per cent fall in net profit to QAR172.16m (US$47.29m) for 2019, compared with QAR347.83m in the previous year. The company’s total cement production declined to 2.2Mt against 2.9Mt in 2018. In 2019 sales of all types of cement dipped to 2.6Mt from 2.9Mt. The company has also announced that it aims to diversify its cement production to meet local market demands and explore the possibility of exports. |
Qatar National Cement signs deal to expand export operations12 March 2019, Published under Cement NewsQatar National Cement (QNC) has signed a memorandum of understanding with Qatar Primary Materials, which will allow the company to expand its cement export operations. The deal will see the cement company use Qatar Primary Materials’ facilities, silos and platforms to export cement and clinker, according to a statement posted to the country’s stock exchange. |
Qatar Cement records 6% profit decline in 2Q1824 July 2018, Published under Cement NewsQatar National Cement recorded a six per cent YoY fall in net profit to QAR78.26m (US$21.5m) in the 2Q18, compared with QAR83.25m of the year-ago period. In the 1H18 period the company’s profit remained mostly flat YoY, reaching QAR168.52m from QAR168.09m. However, revenue showed a significant decline of 21.9 per cent to QAR434.55m from QAR556.75m. |
Qatar Cement signs US$100m deal with Saudi investors02 August 2016, Published under Cement NewsThe Qatar National Cement Company has agreed a US$100m financing deal with Samba Financial Group of Saudi Arabia, the Peninsula newspaper reports. The investment deal will be used to part-fund Qatar Cement’s fifth integrated plant, construction of which is already underway at a total cost of QAR950m (US$260m). The new plant will have a clinker capacity of 17,000tpd and grinding capacity of 20,000tpd. Qatar Cement also released its earnings statement for the first half of 2016. This ove... |