Latest news with #YamamaCement
Zawya
11-08-2025
- Business
- Zawya
Saudi cement sales increase 8.4% in July
Saudi Arabia - Cement sales in Saudi Arabia increased by 8.4% year on year (y-o-y) and 16.5% month-on-month (m-o-m) in July, with the total volume reaching 4.72 mt, according to an Al Rajhi Capital research report. Among the companies the report covered, Yamama Cement recorded the highest y-o-y growth of 69%, followed by ACC 12%. Yamama continues to gain market share, reaching 14.4% year-to-date (YTD), the report said. Geographically, the Central region registered the highest y-o-y sales growth of 20.3%, followed by Western region 13.1%. The Eastern, Southern, and Northern regions reported declines of 5.2%, 5.1% and 1.1% y-o-y, respectively. Clinker inventory: Clinker inventory decreased by 0.7% m-o-m to 44.6 mt as of July 2025. Riyadh Cement holds the lowest inventory levels (3 months of LTM average sales vs. industry average of 11 months), followed by Qassim Cement (5 months), Saudi Cement (6 months) and Yamama Cement (8 months). Yanbu Cement and Southern Cement had the highest inventory levels of 15 and 21 months, respectively, the report added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. ( RIYADH
Zawya
05-08-2025
- Business
- Zawya
Saudi: Yamama Cement posts 32% surge in H1-25 net profits
Riyadh - Yamama Cement Company achieved 31.77% higher net profits at SAR 263.08 million in the first half (H1) of 2025, compared to SAR 199.65 million in H1-24. The revenues hiked by 37.49% to SAR 711.41 million in the first six months (6M) of 2025 from SAR 517.43 million in the same period a year earlier, according to the financial results. The earnings per share (EPS) stood at SAR 1.30 in H1-25, against SAR 0.99 in H1-24. Financials for Q2 In the second quarter (Q2) of 2025, Yamama Cement's net profits widened by 43% to SAR 121 million from SAR 84.61 million in Q2-24. Sales hit SAR 362.38 million in April-June 2025, marking an annual jump of 48.68% from SAR 243.72 million. On a quarterly basis, the Q2-25 net profits declined by 14.83% compared to SAR 142.07 million in Q1-25, while the revenues increased by 3.82% compared to SAR 349.02 million. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
31-07-2025
- Business
- Zawya
Mideast Stocks: Gulf markets muted as earnings disappoint, Fed signals caution on rates
Major Gulf equities were mostly flat to lower early on Thursday, pressured by lacklustre corporate earnings and a more cautious U.S. Federal Reserve stance on monetary easing, after it held interest rates steady and offered little indication of when borrowing costs might be lowered. The prospect of U.S. rates staying higher for longer clouded investor sentiment across Gulf markets, where monetary policy tends to track the Fed due to currency pegs. Saudi Arabia's benchmark index eased 0.4%, dragged down by broad-based sectoral declines as a string of underwhelming earnings weighed on sentiment. Shares of Yamama Cement fell more than 1% after its second-quarter earnings missed expectations, while Nayifat Finance dropped 2.4% following a nearly 60% year-on-year plunge in Q2 profit. National Gas and Industrialization Co and Saudi Telecom each shed 1.6% as their shares began trading ex-dividend. Meanwhile, flash estimates from the General Authority for Statistics showed Saudi Arabia's real GDP rose 3.9% in the second quarter compared with a year earlier, supported by growth in the non-oil sector as the kingdom continues efforts to diversify its economy. Dubai's main share index slid 0.5%, pulling back from a near two-decade peak in the previous session, led by a 3% fall in Mashreqbank after posting a 17% year-on-year decline in second-quarter earnings. Tecom Group was down 1.5% ahead of the release of its quarterly earnings later in the day. The Abu Dhabi index was little changed and Qatar's benchmark also held steady as investors refrained from placing bigger bets ahead of key earnings announcements. Qatari telecoms firm Ooredoo outperformed, gaining 1.6% after reporting positive second-quarter results and holding its full-year guidance steady.
Asharq Al-Awsat
16-06-2025
- Business
- Asharq Al-Awsat
Saudi Cement Sales Top $800 Million in Q1 Despite Profit Dip
Saudi Arabia's cement sector delivered strong top-line growth in the first quarter of 2025, with total sales surpassing $800 million (SAR3 billion), reflecting an 8.5% year-on-year increase. However, rising operational costs weighed on bottom lines, with industry-wide net profits slipping 16.3% to $182 million (SAR648 million), down from SAR774 million a year earlier. Among the 14 publicly listed cement producers on the Saudi exchange, 13 posted net profits during the first quarter. The exception was Al Jouf Cement, which recorded a loss of SAR 15.2 million. The company attributed its ongoing losses to rising production expenses, increased marketing costs, and higher financing burdens. Yamama Cement emerged as the most profitable firm, reporting SAR142 million in net income, a 23.5% jump from Q1 2024. The company credited the gains to both increased sales volumes and improved average selling prices. Saudi Cement posted the second-highest profit at SAR108 million, though this represented a 4.7% decline year-on-year. The drop was attributed to lower sales volumes, declining revenue from secondary sources, and higher general and administrative expenses. Qassim Cement ranked third, with SAR94 million in profit, up 26.8% from the same period last year. The company cited stronger sales and reduced operating costs, including sales and administrative expenses. According to Dr. Suleiman Al-Khalidi, a financial analyst and member of the Saudi Economic Association, the Q1 performance reflects improving conditions for the cement industry after years of volatility. 'We are witnessing signs of stabilization, with companies optimizing operational costs and improving efficiency,' he said. Al-Khalidi forecasts steady growth in domestic cement demand, driven by large-scale infrastructure initiatives tied to Vision 2030, such as NEOM, Qiddiya, and the Red Sea Project. He also pointed to upcoming global events and housing expansions as key demand drivers. He noted that ongoing market momentum may prompt mergers and strategic alliances within the sector, increasing competitiveness and scale. Mohamed Omar, CEO of G World and a regional economic analyst, described the sector's combined SAR656 million in Q1 profits as a sign of solid demand and improving market stability. 'The growth is supported by a rise in mega-projects, public infrastructure investment, and a resurgence in the private construction sector,' he said. Omar expects the positive trend to continue but cautioned that cement producers must remain agile in the face of rising energy and raw material costs. He urged companies to invest in energy-efficient and environmentally friendly technologies to sustain margins.
Zawya
24-04-2025
- Business
- Zawya
Saudi: Yamama Cement witnesses 23.5% higher net profits in Q1-25
Riyadh - Yamama Cement Company reported a 23.51% year-on-year (YoY) growth in net profit to SAR 142.07 million during the first quarter (Q1) of 2025, compared to SAR 115.03 million. The earnings per share (EPS) stood at SAR 0.70 at the end of March 2025, compared with SAR 0.57 in the same period a year earlier, according to the financial results. Meanwhile, the revenues increased by 27.51% to SAR 349.02 million in Q1-25 from SAR 273.70 million in Q1-24. Quarter-on-quarter (QoQ), the net profits in Q1-25 marked a 15.39% rise from SAR 123.12 million in Q4-24, while the revenues declined by 5.76% from SAR 370.36 million. It is worth noting that in 2024, Yamama Cement's net profit surged by 38.27% YoY to SAR 420.70 million from SAR 304.25 million. Source: Mubasher
