Latest news with #RiyadhCement
Argaam
15-05-2025
- Business
- Argaam
Riyadh Cement CEO: Mega projects drive strong demand surge in Riyadh
Saudi Arabia's cement industry witnesses growing demand driven by the implementation of mega projects in Saudi Arabia, especially in Riyadh, Shoeil Al-Ayed, CEO of Riyadh Cement Co., told Argaam. The presence of large-scale projects in Riyadh has made the city an attractive market for all companies, although Riyadh-based companies remain the most favorably positioned to secure such projects. There has been a noticeable demand uptick over the past four months, which Al-Ayed expects to continue at over 15% in Riyadh until year-end. As for Riyadh Cement's Q1 2025 financial results, Al-Ayed indicated that the company reported higher revenue in the three-month period on increased sales volumes as well as higher average selling prices, as demand increased by 6% for the sector and 15% in Riyadh until year-end. When asked about the company's ability to achieve such positive results despite the fuel price hikes introduced earlier this year, and the measures taken to mitigate their impact, Al-Ayed indicated the company has placed significant focus on improving production efficiency and rationalizing energy consumption. Additionally, the support of the Ministry of Industry and Mineral Resources, through the Industrial Sector Competitiveness Program, along with the company's focus on operational efficiency and the reduction of electricity consumption, significantly contributed to lowering production costs, and thus enabling the company to achieve these strong results. The Saudi cement producer has projects in the pipeline, which will likely be completed before year-end, with their positive impact likely to be reflected in the company's performance starting early next year.
Zawya
15-05-2025
- Business
- Zawya
Riyadh Cement's profits up 8% in Q1-25
Riyadh: Riyadh Cement Company generated net profit worth SAR 75.68 million in the first quarter (Q1) of 2025, an annual rise of 7.95% from SAR 70.10 million. The revenues witnessed a 19.23% year-on-year (YoY) leap to SAR 225.22 million as of 31 March 2025, compared to SAR 188.89 million, according to the financial results. The earnings per share (EPS) stood at SAR 0.63 as of 31 March 2025, versus SAR 0.58 a year earlier. Quarterly, the Q1-25 net profits dropped by 6.94% from SAR 81.33 million in Q4-24, while the revenues fell by 3.68% from SAR 233.84 million. At the end of 2024, Riyadh Cement logged 64.45% YoY higher net profits at SAR 310.43 million, compared to SAR 188.77 million.
Zawya
25-03-2025
- Business
- Zawya
Riyadh Cement expects demand to rise 10% in Q1 2025: Report
Saudi-listed Riyadh Cement expects cement demand in Saudi Arabia to increase by 10 per cent year-on-year (YoY) in the first quarter of 2025, according to a news report. Demand for cement rose more than 10 per cent YoY in the fourth quarter of 2024, supported by strong demand from major projects in Riyadh, Argaam, an Arabic financial portal reported, citing CEO Shoeil Al-Ayed. The average selling price during the fourth quarter rose 7 per cent quarter-on-quarter and 31 per cent YoY to SAR 200 per tonne, thanks to improved market conditions and stability of prices, the CEO said. The company holds a market share of 6.7 per cent by the end of 2024, the report said. (Editing by Anoop Menon)
Zawya
20-03-2025
- Business
- Zawya
Riyadh Cement's profits hike 64.5% in 2024
Riyadh – Riyadh Cement Company registered SAR 310.43 million in net profit at the end of December 2024, higher by 64.45% year-on-year (YoY) than SAR 188.77 million. Revenues increased by 22.69% to SAR 789.39 million last year from SAR 643.38 million in 2023, according to the interim financial statements. The earnings per share (EPS) stood at SAR 2.59 in 2024, up from SAR 1.57 in 2023. In the first nine months (9M) of 2024, Riyadh Cement logged 57.61% higher net profits at SAR 229.10 million, compared to SAR 145.35 million in 9M-23. Source: Mubasher All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. ( Mubasher
Yahoo
21-02-2025
- Business
- Yahoo
None Riyadh Cement And 2 Other Undiscovered Gems To Enhance Your Portfolio
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Operations: Riyadh Cement's revenue primarily comes from its cement manufacturing segment, amounting to SAR727.03 million. The company's net profit margin reflects its profitability dynamics within this sector. Riyadh Cement, a smaller player in the industry, has shown impressive earnings growth of 37% over the past year, outpacing the Basic Materials sector's 12.1%. With a Price-To-Earnings ratio of 16.1x, it appears attractively valued compared to the SA market's 24.1x. The company is debt-free now, contrasting with its debt-to-equity ratio of 5% five years ago. Riyadh Cement seems well-positioned given its high-quality earnings and forecasted revenue growth of 9.32% annually. Its positive free cash flow further underscores financial health and potential for continued performance in a competitive landscape. Click here and access our complete health analysis report to understand the dynamics of Riyadh Cement. Understand Riyadh Cement's track record by examining our Past report. Simply Wall St Value Rating: ★★★★★★ Overview: Guodian Nanjing Automation Co., Ltd. is involved in the manufacture and sale of industrial power automation equipment both in China and internationally, with a market capitalization of approximately CN¥7.54 billion. Operations: The company's primary revenue stream is derived from the industrial power automation equipment segment, generating approximately CN¥8.05 billion. Guodian Nanjing Automation, a nimble player in the electrical sector, showcases robust financial health and promising growth metrics. Its earnings surged by 43% last year, outpacing the industry's modest 1% rise. The company's debt-to-equity ratio impressively shrank from 61% to just 11% over five years, reflecting prudent financial management. Additionally, it trades at nearly 90% below its estimated fair value, suggesting potential undervaluation. With an EBIT covering interest payments a staggering 240 times over and free cash flow remaining positive, Guodian appears well-positioned for sustained performance amidst industry peers. Click to explore a detailed breakdown of our findings in Guodian Nanjing Automation's health report. Explore historical data to track Guodian Nanjing Automation's performance over time in our Past section. Simply Wall St Value Rating: ★★★★★★ Overview: Sijin Intelligent Forming Machinery Co., Ltd. operates in the machinery industry, specializing in the production of intelligent forming equipment, with a market cap of CN¥3.76 billion. Operations: Sijin Intelligent Forming Machinery generates revenue primarily from its intelligent forming equipment products. The company's cost structure includes expenses related to production and distribution, impacting its profitability. Sijin Intelligent Forming Machinery, a smaller player in its sector, has shown impressive earnings growth of 91% over the past year, significantly outpacing the broader machinery industry. The company is currently trading at 37.5% below its estimated fair value, suggesting potential undervaluation. Despite being debt-free now compared to a debt-to-equity ratio of 0.8 five years ago, recent financial results were skewed by a non-recurring gain of CN¥64.9M as of September 2024. While these factors highlight Sijin's potential appeal, investors should consider the impact of such one-off items on overall performance before making decisions. Click here to discover the nuances of Sijin Intelligent Forming Machinery with our detailed analytical health report. Gain insights into Sijin Intelligent Forming Machinery's historical performance by reviewing our past performance report. Investigate our full lineup of 4745 Undiscovered Gems With Strong Fundamentals right here. 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We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SASE:3092 SHSE:600268 and SZSE:003025. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
