Saudi Cement Company, a Saudi joint stock company operating two cement plants in the kingdom, posted a 53.4 per cent rise in first-quarter net profit, beating estimates.
The firm made a net profit of SR325.6 million ($86.8 million) in the
A shortage in subsidised fuel is threatening growth among Saudi cement firms amid rising demand in the top oil-exporter, the chief executive of Southern Province Cement Co (SPCC) said.
Safar Dhufayer, speaking at the Reuters Middle East In
Saudi Cement Co reported a 12 percent increase in second-quarter net profit, according to a company statement issued on Saturday.
Saudi Cement made a net profit of SR213.7 million ($57 million) in the three months to end-June, compared to
Saudi Cement Company reported a 19 percent rise in its first-quarter net profit to beat analysts' forecasts as higher production and lower costs boosted earnings, the firm said on Wednesday.
The company, Saudi Arabia's second-largest cemen
Al Jouf Cement plans to raise SR650 million ($173.3 million) by selling new and existing shares to the Saudi public, with over half of the proceeds going to the founders of the firm which started operations in May.
Over the July 19-25 peri
Saudi Cement Company plans to issue one free share for each two held by investors and a cash dividend of 3.50 riyals ($0.93) for 2009, Saudi Arabia's second-largest producer said.
'Company shares will increase from 102 million shar
Saudi Cement Company, the country's second-largest producer, said on Saturday its second-quarter net profit declined 2.3 per cent as a government export ban hit sales.
Saudi Cement made SR167.7 million ($44.72 million) in the three mon
Saudi Cement Co, the country's second-largest producer, said its second-quarter net profit declined 2.3 percent as a government export ban hit sales.
Saudi Cement made 167.7 million riyals ($44.72 million) in the three months to June 3
Saudi Cement , Saudi Arabia’s second-largest cement producer, said its first-quarter profit fell 12.3 per cent after a government ban on exports.
Saudi Cement made SR152 million ($40.5 million) in the three months to March 31 down from SR1