Cement News tagged under: Yanbu Cement Company
Yanbu Cement prepares to shutdown Line No 4 for 60 days11 February 2021, Published under Cement NewsYanbu Cement announced that its production line No 4 will be shut down for 60 days from the 15 February 2021, in line with the implementation of its strategic plan of modernisation, according to a bourse filing. Cement sales will not be impacted by the suspension of the production line, given the sufficiency of its clinker strategic stocks, reports the company. Meanwhile, production line No 5, which represents 60 per cent of the company's total capacity, will continue at full capac... |
Cement sales rise by 16% in Saudi Arabia in February18 March 2019, Published under Cement NewsCement and clinker sales in Saudi Arabia rose 15.7 per cent YoY to 4.24Mt (including exports) in February 2019 compared to 3.67Mt in the previous year. Clinker inventory increased 17.6 per cent YoY, but fell one per cent MoM to 41.88Mt in February 2019. Cement dispatches, however, jumped 9.3 per cent YoY, says Aljazira Capital. Meanwhile, the total utilisation rate of Saudi cement sector declined to 52.8 per cent in February compared to 61.4 per cent in the same period last year. ... |
Yanbu Cement Co nine-month net profit down 2%12 October 2015, Published under Cement NewsSaudi-based Yanbu Cement Company reported a two per cent decline in net profit over the first nine months of 2015 to SAR597m (US$159m), compared to SAR609m in the same period of 2014. In the third quarter alone, profit was down by 11 per cent to SAR145m versus SAR163m in 3Q14, according to a bourse filing. The profit drop during the first nine months and third quarter of 2015 is mainly attributed to a decline in other revenues. |
Saudi: Yanbu first-quarter net profit edges ahead08 April 2015, Published under Cement NewsYanbu Cement Company posted a net profit of SAR207m (US$55.2m) in the three months to 31 March 2015, up one per cent from SAR205m a year earlier, the Saudi-based company said in a bourse statement. Net profit increased 7.2 per cent against SAR193m for the previous quarter, its interim consolidated financial results showed. Gross profit for 1Q15 reached SAR224m versus SAR223m for the same quarter of the previous year, an increase of 0.45 per cent. Operational profit for the first quarter ... |
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