Cement News tagged under: UAE
Gulf Cement 1H profit down 29%, UAE06 August 2015, Published under Cement NewsGulf Cement Company reported a 29.34 per cent drop in first-half profit drop to AED30.89m (US$48.4m), compared to AED43.7m (US$12m) in the same period of 2014. On a more positive note, second quarter profit increase from AED15.75m versus AED9.3m in 2Q14 according to Abu Dhabi Securities Exchange. The company previously reported profits of AED15.14m in 1Q15, compared to AED53m in 1Q14, registering a sharp decline of 71.4 per cent YoY. Gulf Cement Co's plant in Ras Al Khaimah started with... |
UAE: Union Cement Co 1H profit declines 8%24 July 2015, Published under Cement NewsUnion Cement Co (UCC) reported an eight per cent decline in its profits for the first six months of 2015 to AED54.7m (US$14.89m), compared to AED59.4m (US$16.16m) in H1-14, the company said in its filing to the Abu Dhabi Securities Exchange (ADX) on Thursday. UCC achieved revenues of AED314.7m during the six-month period in 2015, a decline of 3.7 per cent from AED326.7m in the same period last year, attributed to lower sales volumes. Cost of sales fell 3.62 per cent to AED234.88m, compared... |
Domes of the Middle East26 March 2015, Published under Cement NewsGeometrica designs some of the world’s largest free-span domes, trademarked as Freedomes®, as a solution for challenging architectural and logistical feats across the Middle East. Freedome technology "has revolutionised the installation process on any terrain," according to the company, and below are case studies of cement plant projects undertaken for key producers across the Middle East. Star Cement, UAE The United Arab Emirates is well known for its cement production, refineries and ... |
UAE: Gulf Cement net profit down 11.3%23 February 2015, Published under Cement NewsGulf Cement, which is listed on the Abu Dhabi Securities Exchange, said last week it booked a net profit of KWD4.7m (US$15.9m), down 11.3 per cent from KWD5.3m a year earlier. For the fourth quarter of 2014, the UAE-based cement producer slipped into a net loss of KWD1m, versus a net profit of KWD1.8m in the corresponding period of 2013. |
UAE: National Cement nine-month net profit up 2% YoY13 November 2014, Published under Cement NewsUAE-based producer National Cement Company said on Wednesday its net profit for the first nine months of 2014 rose 1.97 per cent to AED77.5m (US$21.1m) from AED76m in the corresponding period of 2013. Earnings per share (EPS) stood at AED 0.22, compared with AED 0.21. Revenue of the building materials producer fell to AED161.9m from AED174m. |
Gulf Cement Company nine-month profit surges07 November 2014, Published under Cement NewsUAE-based Gulf Cement Company registered 62 per cent growth in its net profit to AED73.9m (US$ 20.1m) for the first nine months of 2014, the company said in a statement to Abu Dhabi Securities Exchange. The growth was attributed to a 178 per cent increase in operating income and a 181 per cent rise in gross profit which was enough to offset the sharp drop in investment income. Gross profit soared 181 per cent to AED80.4m, while investment income narrowed 39 per cent to AED32.3m. Earnings ... |
Fujairah factory operations suspended for environmental violations18 September 2014, Published under Cement NewsThe UAE’s Ministry of Environment and Water (MoEW) has ordered the suspension of operations at a cement factory in Fujairah for one month due to violations of Cabinet Resolution No 24 (2011) for environmental protection, according to reports by Gulf News. “The ministry is strictly implementing laws and regulations that promote environmental protection and sustainability, a press release issued by the ministry said on Tuesday. The MoEW regularly conducts inspections in collaboration with l... |
Dubai to acquire interest in Dangote Cement09 September 2014, Published under Cement NewsInvestment Corporation of Dubai (ICD), the main investment arm of the Emirate of Dubai, has agreed to purchase a minority interest in Nigeria's largest cement manufacturer, Dangote Cement plc, from majority shareholder, Dangote Industries Ltd. Under the terms of the agreement, which was signed at a ceremony in Dubai attended by HE Mohammed Ibrahim Al Shaibani, executive director and CEO of the Investment of Corporation of Dubai and Aliko Dangote, president and CEO of Dangote Industr... |
UCC first-half net profit surges, UAE28 July 2014, Published under Cement NewsUnion Cement Company (UCC) net profit surged 181 per cent to AED59.4m (US$988,165) in the first half of 2014 compared to AED21.15m in 1H13. In its statement to the Abu Dhabi Securities Exchange UCC said its second quarter results showed a net profit of AED41.25m versus AED15.5m during the same period of last year. |
RAK Cement swings to first-half net profit, UAE22 July 2014, Published under Cement NewsPreliminary first-half results for Ras Al Khaimah Cement (RAK Cement) show that the UAE-based producer achieved a net profit of AED3.2m (US$871,198) compared to a loss of AED1.6m in the equivalent period of last year. In a statement to the Abu Dhabi Securities Exchange revealed that revenues from local sales amounted to AED37.5m (US$10.2m) against AED38m in 2013, down 1.05 per cent YoY. Export revenue, on the other hand, climbed five per cent to AED84m compared to AED80m in the year-ago pe... |