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Southern Province Cement Company to upgrade Jizan cement plant

Southern Province Cement Company to upgrade Jizan cement plant ....

Saudi Arabia , Southern Province Cement Company , Southern Province Cement , சவுதி அரேபியா , தெற்கு மாகாணம் சிமென்ட் ,

Saudi stocks pull back on subdued results

Dubai: Saudi Arabian stocks extended their lacklustre performance in recent sessions weighed down by a number of subpar first-quarter earnings, while Dubai shares ended the day higher mainly as blue-chip property stocks continued to cheer the markets.
Saudi Arabia s benchmark index dropped 0.7 per to 10,252 points slipping for a fourth day in the last five sessions as the index underwent pressure from mixed corporate earnings and as a raging pandemic in parts of the world continued to cloud oil demand outlook in the short term.
Results paint stocks with red
Banking stocks led the losses with Arab National Bank shedding more than 1 per cent after the first-quarter profits shrank by around 10 per cent to SR582 million as the lender reported decreased net special commission income and increased allowances for expected credit losses. Assir Trading, Southern Province Cement and City Cement all underperformed after reporting subdued first-quarter results. ....

Saudi Arabia , United Arab Emirates , Abu Dhabi , Abuz Aby , Saudi Arabian , Deyaar Development , Abu Dhabi Securities Exchange , Emaar Development , Arab National Bank , Emaar Properties , Abu Dhabi National Energy Company , Al Ahli United Bank , Image Credit , Southern Province Cement , City Cement , Financial Market , Dhabi Securities Exchange , Waha Capital , Zain Bahrain , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , சவுதி அரேபியன் , தீயார் வளர்ச்சி , அரபு தேசிய வங்கி , படம் கடன் , தெற்கு மாகாணம் சிமென்ட் ,

Southern Province Cement reports 32% profit increase

Southern Province Cement reports 32% profit increase
05 March 2021
Saudi Arabia’s Southern Province Cement has reported a 31.5 per cent rise in net profit after zakat and tax to SAR609m (US$162.4m) in 2020, compared with SAR463m in the previous year.
The company attributed the increase in net profit to higher sales revenue, a decrease in financing costs and an increase in other miscellaneous revenues, according to a statement.
Its revenue also advanced 27.2 per cent YoY to SAR1.65bn from SAR1.3bn in 2019.
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Saudi Arabia , Southern Province Cement , Province Cement , Business Results , Middle East , சவுதி அரேபியா , தெற்கு மாகாணம் சிமென்ட் , மாகாணம் சிமென்ட் , வணிக முடிவுகள் , நடுத்தர கிழக்கு ,