Cement News tagged under: Yanbu Cement Co
Yanbu Cement sees 14% rise in 1H net profit26 July 2024, Published under Cement NewsSaudi Arabia-based Yanbu Cement Co announced its interim condensed consolidated financial results for the period ended 30 June 2024. Sales for the six month-period advanced SAR428.37m (US$114.2m), up 7.7 per cent YoY from SAR397.56m in the 1H23. The increase was attributed to a rise in sales volumes and the average selling price. Operating profit increased 17.8 per cent YoY to SAR112.23m in the 1H24 from SAR95.4m. Net profit improved 13.6 per cent YoY to SAR98.07m from SAR86.3m in th... |
Yanbu Cement posts 14% increase in net profit13 May 2024, Published under Cement NewsYanbu Cement Co reported a 14.3 per cent YoY increase in net profit to SAR58.31m (US$15.5m) in the 1Q24 from SAR51.01m in the 1Q23. The company attributed the rise in profit to an increase in both volume and value of sales in addition to other revenues, according to a bourse filing. Sales edged up by 4.5 per cent YoY to SAR234.17m in the 1Q24 from SAR224.01m. Earnings per share increased to SAR0.37 as of 31 March 2024 from SAR0.32m in the year-ago period. |
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. ... |
Yanbu Cement Co sees revenue up 10% in 9M2122 October 2021, Published under Cement NewsSaudi Arabia’s Yanbu Cement Co has reported a 55.8 per cent YoY decline in net profit to SAR36.4m (US$9.71m) in the third quarter of 2021, compared to SAR82.48m in the year-ago period. Revenue also fell 13.5 per cent YoY to SAR207.78m from SAR240.36m in the 3Q20. During the first nine months of the year, the company recorded a 28.7 per cent decrease in profit to SAR149.69m from SAR210.12m in the 9M20. However, revenue was up 10 per cent YoY to SAR742.87m in the 9M21. |
Yanbu Cement to reduce heat and power consumption22 April 2020, Published under Cement NewsSaudi-based Yanbu Cement Co(YCC) has signed an agreement in early 2020 for a considerable efficiency upgrade to be carried out by FLSmidth, focussing on reducing heat and power consumption. With increased attention on sustainability in the region, YCC, located 400km north of Jeddah, has chosen FLSmidth to provide the equipment and carry out the installation, projected to bring significant reduction in heat and power consumption. The project includes the supply and installation of new top ... |
Yanbu Cement 3Q profit slips01 November 2018, Published under Cement NewsYanbu Cement posted 3Q revenues of SAR153m (US$40.8m), down 11.6 per cent YoY when compared with SAR173m reported in 3Q17. The Saudi cement producer’s net profit (after zakat and tax) edged down from SAR18m in 3Q17 to SAR17m in 3Q18. |
Yanbu 2Q sales hit by weak demand and strong competition02 August 2017, Published under Cement NewsSaudi-based Yanbu Cement Co's second quarter net profit fell by 49.7 per cent YoY, and 35.5 per cent on a sequential basis, according to a bourse filing. The drop in profits is attributed to lower sales, which resulted from a weak demand and fierce competition. Net profit decreased to SAR80m (US$21.3m) in the three months to the end of June 2017 from SAR159m in the same period a year earlier. Sales were down by 38 per cent YoY to SAR214m during the 2Q17. In terms of Yanbu's first-half ... |
Saudi Arabia lifts ban on cement exports as construction sector slows13 April 2016, Published under Cement NewsA senior official in Saudi Arabia has said that the kingdom's ban on cement exports has been lifted. According to reports from Reuters, the ban - imposed in 2008 and renewed in 2012 - has been overturned because of a slowdown in the construction sector, which has led to an oversupply of cement. Dr Ahmed Zugail, director general of Yanbu Cement Company and deputy head of the National Committee for Cement Companies, told the Al Riyadh newspaper that he welcomed the news, given that Saudi... |
Yanbu Cement Co net profit down 11.1% in 1Q1607 April 2016, Published under Cement NewsYanbu Cement Company posted a 11.11 per cent decline in net profit for the first quarter of 2016, according to a bourse filing sent Wednesday. The cement producer generated SAR184m (US$49m) earnings in the three-month period, down from SAR207m reported in the same quarter a year earlier. Yanbu Cement ascribed the lower profits to a decline in sales volume in addition to a rise in fuel prices. |
Yanbu Cement Co 4Q15 net profit up 8.3% YoY11 January 2016, Published under Cement NewsSaudi producer Yanbu Cement Co posted 8.3 per cent YoY growth in net profit to SAR209m (US$55.6m) for the fourth quarter of 2015, up from SAR193m in the prior-year period. The cement producer attributed the profit rise in the 4Q15 to an increase in sales. Meanwhile, the full-year net profit rose 0.50 per cent to SAR806m from SAR802m a year ago. |