Cement News tagged under: Yamama Cement Co
Yamama Cement posts 140% advance in 3Q net profit22 October 2024, Published under Cement NewsSaudi Arabia-based Yamama Cement reported sales of SAR285.2m (US$76.1m) in the 3Q24, up 34.7 per cent from SAR211.7m in the 3Q23. The company’s net profit surged by approximately 140 per cent to SAR97.9m in the 3Q24 from SAR40.8m in the 3Q23, reported Reuters. |
Yamama Saudi Cement posts 13% rise in 2Q revenue16 August 2024, Published under Cement NewsYamama Saudi Cement Co reported a 13 per cent increase in revenue to SAR243.7m (US$65m) in the second quarter of 2024. The company's net profit declined by 14 per cent YoY to SAR84.6m in the 2Q24 while the profit margin was rolled back to 35 per cent from 46 per cent in the equivalent period of the previous year as higher expenses affected profit. Earnings per share decreased from SAR0.49 in the 2Q23 to SAR0.42 in the 2Q24. |
Bullish 4Q22 results expected for Saudi Arabian producers19 January 2023, Published under Cement NewsTwelve Saudi Arabian cement companies' aggregate profit listed on Tadawul are expected to surge 101 per cent YoY and 20 per cent QoQ to SAR617m (US$164.5m) in the 4Q22, according to a local research house. Argaam sees bullish forecasts for most Saudi Arabian cement producers in the 4Q22 compared to the year-earlier period. Tabuk Cement Co , Yamama Cement Co , Yanbu Cement Co , City Cement Co and Arabian Cement Co are expected to post the biggest rise in the fourth-quarter profit. ... |
Yamama Cement Co reports 2% slip in 2Q revenues28 July 2020, Published under Cement NewsYamama Cement Co reported a 2.2 per cent slip in 2Q revenues to SAR161.7m (US$43.1m) in the 2Q20 when compared with SAR165.3m in the 2Q19. The company’s net profits declined 10 per cent YoY in 2Q20 to SAR47.6m from SAR53.2m in the 2Q19. Increasing general and administrative expenses as well as lower other revenues were key factors in the profit fall. |
Yamama Cement reports full-year profit13 February 2020, Published under Cement NewsSaudi Arabia-based Yamama Cement Co has posted full-year 2019 sales of SAR801.9m, representing a 53.9 per cent increase when compared with SAR521.2m in 2018. The company’s net profit after zakat and tax was SAR256.3m in 2019, when compared with a loss of SAR58.1m in the previous year. |
Saudi Arabia under pressure, seeks to boost export19 October 2018, Published under Cement NewsThis week, CemNet reported that Yamama Cement has seen a sharp 34 per cent fall in 3Q18 revenues , compared to the same period last year. Meanwhile, profitability declined, falling by around 37 per cent to SAR29.2m (US$7.8m) over the period. The prospect of lower sales though has been expected with August's figures having already seen a slowdown in the Saudi cement market. Analysts Al-Rajhi Capital are forecasting that cement demand will dip below the 40Mt level in 2018, from a market tha... |
Yamama Cement posts 3Q18 loss17 October 2018, Published under Cement NewsYamama Cement Co reported a drop in revenues in the first nine months of the year to SAR107.7m (US$28.7m) from SAR164.2m in 3Q17. The fall in sales was attributed to the steep price decline in the Saudi market. The 3Q results also showed a SAR46.4m net loss after zakat and tax. In 3Q17 the company reported a SAR29.2m net profit, according to Reuters. |
Yamama Cement announces 53% profit fall in the 1Q1817 April 2018, Published under Cement NewsSaudi Arabia-based Yamama Cement Co has announced a 53 per cent YoY fall in profit to SAR23.8m (US$6.35m) in the 1Q18. The producer attributed the decrease in profit to a drop in demand and a decline in other revenues, according to its statement to the Saudi Stock Exchange. However, Yamama Cement’s profit was a 40.7 per cent increase upon the result of the previous quarter. |
Yamama Cement profit halves in 4Q1708 February 2018, Published under Cement NewsSaudi Arabia’s Yamama Cement saw its net profits slide 51.3 per cent YoY in the 4Q17 to SAR16.9m (US$4.5m) from SAR34.8m. The company attributed the fall in profits to the drop in sales on the back of a contracting domestic market and to the rise in the allocated amount for Zakat by SAR5.7m. For the full year 2017, profits declined 69.5 per cent to SAR109.9m, from SAR357.9m in 2016. |
Yamama Cement sees 3Q profit fall17 October 2017, Published under Cement NewsYamama Cement reported a 30.5 per cent YoY fall in sales to SAR164m (US$43.7m) in 3Q17 from SAR236m in 3Q16. The company’s net profit decreased 48.1 per cent from SAR56.3m to SAR29.2m over the same period. |