Cement News tagged under: Yamama Cement
Saudi cement sales exhibited growth in 2QFY2424 September 2024, Published under Cement NewsSaudi Arabia's cement industry recorded a 1.8 per cent sales growth in the 2Q124, reaching 10.85Mt. Al-Yamama Cement 's data showed that 95 per cent of these sales were domestic, with only five per cent being exported. The data covers 17 Saudi cement companies, with Al-Yamama holding the largest share of domestic sales at 12 per cent, amounting to 1.28Mt, despite a seven per cent decline during the period. According to a local media report, Qassim Cement followed with a 10 per cent share,... |
Yamama Cement 1Q profit edges up 2%01 May 2024, Published under Cement NewsYamama Saudi Cement Co reported sales of SAR273.7m (US$73m) in the 1Q24 when compared with SAR279.9m in the year-ago period. The 2.2 per cent YoY drop was on the back of a decrease in sales volumes. However, the company’s net profit in the first three months of 2024 improved by 2.3 per cent to SAR115m from SAR112.4m. The positive change in net profit has been attributed to a decrease in the cost of sales and an increase in other revenues. |
Yamama Cement posts 7% YoY fall in revenue in 202314 February 2024, Published under Cement NewsSaudi Arabia's Yamama Cement Co has announced revenue of SAR935.19m (US$249.38m) for 2023, down 7.23 per cent on the SAR1008.1m seen in the previous year. Operational profit was down 17.93 per cent from SAR333.13m in 2022 to SAR263.55m in 2023. Net profit over the same period has declined 14.49 per cent from SAR355.79m to SAR304.25m. Profit per share also fell, down from SAR1.76 and SAR1.5. The downturn in revenue and profit has been attributed to a low volume and value of sales as loca... |
Sinoma wins Yamama Cement new line project08 February 2024, Published under Cement NewsSinoma has been awarded the Yamama Cement production line upgrade contract. According to Saudi media, the contract is for a full-scale upgrade of the cement production line, aiming to increase its capacity to 12,500tpd. Building upon the relocation of the existing 10,000tpd cement production line, this project aims to achieve technological innovation and capacity enhancement. Sinoma Overseas is entrusted with the comprehensive engineering design, procurement and supply of new equipment,... |
Yamama Cement starts kiln inlet installation23 January 2024, Published under Cement NewsThe first steel column of the kiln inlet at Yamama Cement ’s 12,500tpd project in Saudi Arabia was successfully installed on 18 January 2024, 13 days ahead of schedule. Sonoma Overseas Development Co Ltd is the engineering procurement and construction supplier for the project. The column, following the traction of the crawler crane, slowly descended and seamlessly placed itself to the preset position. With the “first shot” fired, the project officially kicked off its steel constructio... |
Saudi producers warn of rising production costs05 January 2024, Published under Cement NewsCement producers in Saudi Arabia have received a notification from Saudi Arabian Oil Co (Saudi Aramco) that the price of fuel products used in cement production will be increasing in price, effective from 1 January 2024. Arabian Cement Co , Yamama Cement Co , Qassim Cement Co and Al-Jouf Cement Co are among the cement manufacturers who have warned customers that this adjustment “will impact production costs and efforts are currently underway to calculate the expected financial impa... |
Yamama Cement saw growth in revenue and profit in 9M2324 October 2023, Published under Cement NewsYamama Cement Co of Saudi Arabia recently announced its interim financial results for nine months, ending on 30 September 2023, at the Saudi stock exchange. The company earned a net profit after tax of SAR251.49m (US$67m) against SAR221.64m during this period, depicting a 13.46 per cent YoY growth. The sales/revenue also saw an upsurge to SAR710.64m from SAR673.6m with a note of 5.49 per cent growth. The company reports that the main reason for the increase in net profit for the current... |
Yamama Cement sees 49% jump in revenue in 3Q2219 October 2022, Published under Cement NewsSaudi Arabia's Yamama Cement has reported a 23.6 per cent advance in revenue to SAR684.2m (US$182.5m) in the first nine months of 2022. This compares to SAR553.5m in the same period a year ago, according to Argaam. Operating income over the same period advanced by 12.9 per cent from SAR178.02m to SAR200.95m, while net profit after Zakat and tax was up 29 per cent from SAR172.5m to SAR221.7m. The improvement in profit is being attributed to higher sales volumes and an increase in other r... |
Yamama sees 9% dip in 1H profits27 July 2022, Published under Cement NewsYamama Cement Co of Saudi Arabia saw its net profit after zakat and tax decline by 9.2 per cent YoY to SAR120.1m (US$32m) in the 1H22 from SAR 132.55m in the 1H21. Sales expanded by 12.5 per cent YoY to SAR430.86m in the 1H22 from SAR382.83m in the year-ago period. In the second quarter of 2022, net profits were up by 16.8 per cent YoY to SAR90.69m from SAR77.68m in the 2Q21. Sales increased by 3.3 per cent to SAR209.28m from SAR202.57m in the 2Q21. |
Yamama Cement signs SAR1.633bn financing agreement04 April 2022, Published under Cement NewsYamama Cement Co signed a Shariah-compliant financing agreement on 31 March for SAR1.663bn (US$435.4m) with Saudi National Bank, the cement producer said in a statement to the Tadawul. The agreement covers long-term financing of SAR800m, for a period of eight years (including three years of grace period), and refinancing part of the existing long-term loans amounting to SAR563m, for a period of four years to repay part of existing loans. It also includes short-term financing of SAR... |